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The Saudi Arabia low voltage electric motor market is aided by the growth of the overall electric motor market is the country, which reached a value of around USD 638.62 million in 2023 and is expected to grow at a CAGR of 8.90% over the forecast period of 2024-2032. The Saudi Arabia electric motor market is further expected to attain a value of around USD 1,376.42 million by 2032.
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The market is being driven by the rapid urbanisation and growing industrialisation within the region. Ongoing and upcoming projects in the region, which include the development of megacities and improvement of infrastructure, among others, are driving the product demand owing to its highly efficient nature.
The HVAC segment, among other applications, dominates the industry, followed by oil and gas, food and beverage, mining, and water and utilities. The Saudi Arabia low voltage electric motor market report also highlights that the pumps and fans segment, among other end-use sectors, leads the industry, followed by compressors. The growing government investment in the region is expected to drive the industry growth over the forecast period.
Low voltage electric motor is an electro-mechanical device utilised for converting electrical energy into mechanical energy. These motors can be found in many electronic parts, forming an integral component of devices including compressors, pumps, fans, disk drives, electric cars, and others, which are further used in the manufacturing, residential, real estate, and commercial sectors.
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Based on efficiency, the market is divided into the following segments:
On the basis of application, the industry is segmented into:
On the basis of end uses, the industry is further categorised into:
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The low voltage electric motor market in Saudi Arabia is being driven by the growing economy and increased construction activities within the region. The upcoming projects like NEOM and Saudi Vision 2030 are leading to increased energy requirements within the region, thus, propelling the industry growth. The demand for low voltage electric motor is growing as it consumes low energy and offers a longer operating life with improved endurance for fluctuating voltages. The growing awareness regarding the energy wastage in the region is leading to the adoption of energy-efficient products, which is aiding the industry growth.
As electric motors are used as a component in pumps, fans, and others, which are further utilised in HVAC systems, the growing demand for HVAC will provide a boost to the industry. The increasing preference of HVAC is the result of extreme climatic conditions in the region, thereby propelling the growth of the electric motors market. Increased government expenditure and new policies to support the establishment of new industries are leading to the development of industrial and infrastructural activities, thus, contributing to the market growth in Saudi Arabia. The rapid advancement in technology and its rising acceptance in the region are expected to further aid the industry growth over the forecast period.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The comprehensive report covers the macro and micro aspects of the market, along with providing an overview of the global and GCC markets.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Efficiency |
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Breakup by Application |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Saudi Arabia low voltage electric motor market is driven by the overall growth of the electric motor industry is the country, which reached a value of nearly USD 638.62 million in 2023.
The market is expected to grow at a CAGR of 8.90% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, to reach around USD 1,376.42 million by 2032.
The major drivers of the market are rising disposable incomes, increasing population, rising energy demand, and increasing development of megacities and improvements of infrastructure.
Increasing demand from HVAC applications, improved efficiency of low voltage electric motors, and rising number of ongoing and upcoming projects in the country are the major trends of the market.
The various efficiencies of low voltage electric motors in the market are standard efficiency electric motors, high efficiency electric motors, premium efficiency electric motors, and super premium efficiency electric motors.
HVAC, oil and gas, food, beverage, and tobacco, mining, and water and utilities, among others, are the leading applications in the market.
The primary end uses of the Saudi Arabia low voltage electric motor market are pumps and fans, and compressors, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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