Reports

Saudi Arabia Low Voltage Electric Motor Market: By Efficiency; By Application; By End Use; Historical Market and Forecast (2015-2025); Market Dynamics; Manufacturing Process; Project Details and Cost Analysis; Loans and Financial Assistance; Project Economics Competitive Landscape; Industry Events and Developments

Saudi Arabia Low Voltage Electric Motor Market Outlook

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 485.1 million in 2019 and is expected to grow at a CAGR of 10% over the forecast period of 2020-2025. The Saudi Arabia electric motor market is further expected to attain a value of around USD 811.8 million by 2025.

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.

 

Properties and Applications

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.

Based on efficiency, the market is divided into the following segments:

  • Standard Efficiency 
  • High Efficiency 
  • Premium Efficiency 
  • Super Premium Efficiency

On the basis of application, the industry is segmented into:

  • HVAC
  • Oil and Gas
  • Food, Beverage, and Tobacco
  • Mining
  • Water and Utilities
  • Others

On the basis of end uses, the industry is further categorised into:

  • Pumps and Fans
  • Compressors
  • Others

 

Market Analysis

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 industry 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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electric Motor Market Overview

    8.1    Key Industry Highlights
    8.2    Global Electric Motor Historical Market (2015-2019) 
    8.3    Global Electric Motor Market Forecast (2020-2025)
    8.4    Global Electric Motor Market by Product Type
    8.5    Global Electric Motor Market by Application
    8.6    Global Electric Motor Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Global Low Voltage Electric Motor Market Overview
    9.1    Key Industry Highlights
    9.2    Global Low Voltage Electric Motor Historical Market (2015-2019) 
    9.3    Global Low Voltage Electric Motor Market Forecast (2020-2025)
    9.4    Global Low Voltage Electric Motor Market by Power Rating
    9.5    Global Low Voltage Electric Motor Market by Efficiency
    9.6    Global Low Voltage Electric Motor Market by Application
    9.7    Global Low Voltage Electric Motor Market by End Use
    9.8    Global Low Voltage Electric Motor Market by Region
        9.8.1    Market Share
            9.8.1.1    North America
            9.8.1.2    Europe
            9.8.1.3    Asia Pacific
            9.8.1.4    Latin America
            9.8.1.5    Middle East and Africa
10    GCC Low Voltage Electric Motor Market Overview
    10.1    Key Industry Highlights
    10.2    GCC Low Voltage Electric Motor Historical Market (2015-2019) 
    10.3    GCC Low Voltage Electric Motor Market Forecast (2020-2025)
    10.4    GCC Low Voltage Electric Motor Market by Power Rating
    10.5    GCC Low Voltage Electric Motor Market by Efficiency
    10.6    GCC Low Voltage Electric Motor Market by Application
    10.7    GCC Low Voltage Electric Motor Market by End Use
    10.8    GCC Low Voltage Electric Motor Market by Country
11    Saudi Arabia Low Voltage Electric Motor Market Analysis
    11.1    Key Industry Highlights
    11.2    Saudi Arabia Low Voltage Electric Motor Historical Market (2015-2019) 
    11.3    Saudi Arabia Low Voltage Electric Motor Market Forecast (2020-2025)
    11.4    Saudi Arabia Low Voltage Electric Motor Market by Efficiency
        11.4.1    Standard Efficiency Electric Motors
            11.4.1.1    Market Share
            11.4.1.2    Historical Trend (2015-2019)
            11.4.1.3    Forecast Trend (2020-2025)
        11.4.2    High Efficiency Electric Motors
            11.4.2.1    Market Share
            11.4.2.2    Historical Trend (2015-2019)
            11.4.2.3    Forecast Trend (2020-2025)
        11.4.3    Premium Efficiency Electric Motors
            11.4.3.1    Market Share
            11.4.3.2    Historical Trend (2015-2019)
            11.4.3.3    Forecast Trend (2020-2025)
        11.4.4    Super Premium Efficiency Electric Motors
            11.4.4.1    Market Share
            11.4.4.2    Historical Trend (2015-2019)
            11.4.4.3    Forecast Trend (2020-2025)
    11.5    Saudi Arabia Low Voltage Electric Motor Market by Application
        11.5.1    HVAC
            11.5.1.1    Market Share
            11.5.1.2    Historical Trend (2015-2019)
            11.5.1.3    Forecast Trend (2020-2025)
        11.5.2    Oil and Gas
            11.5.2.1    Market Share
            11.5.2.2    Historical Trend (2015-2019)
            11.5.2.3    Forecast Trend (2020-2025)
        11.5.3    Food, Beverage, and Tobacco
            11.5.3.1    Market Share
            11.5.3.2    Historical Trend (2015-2019)
            11.5.3.3    Forecast Trend (2020-2025)
        11.5.4    Mining
            11.5.4.1    Market Share
            11.5.4.2    Historical Trend (2015-2019)
            11.5.4.3    Forecast Trend (2020-2025)
        11.5.5    Water and Utilities
            11.5.5.1    Market Share
            11.5.5.2    Historical Trend (2015-2019)
            11.5.5.3    Forecast Trend (2020-2025)
        11.5.6    Others
    11.6    Saudi Arabia Low Voltage Electric Motor Market by End Use
        11.6.1    Pumps and Fans
            11.6.1.1    Market Share
            11.6.1.2    Historical Trend (2015-2019)
            11.6.1.3    Forecast Trend (2020-2025)
        11.6.2    Compressors
            11.6.2.1    Market Share
            11.6.2.2    Historical Trend (2015-2019)
            11.6.2.3    Forecast Trend (2020-2025)
        11.6.3    Others
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyers Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    EMR’s Key Indicators for Demand
    12.4    EMR’s Key Indicators for Price
13    Value Chain Analysis
14    Manufacturing Process

    14.1     Detailed Process Flow
    14.2     Operations Involved
    14.3     Mass Balance
15    Project Details and Cost Analysis
    15.1    Land, Location and Site Development
    15.2    Construction
    15.3    Plant Layout
    15.4    Plant Machinery
    15.5    Raw Material Requirement
    15.6    Packaging
    15.7    Transportation
    15.8    Utilities
    15.9    Manpower
    15.10    Other Capital Investment
16    Loans and Financial Assistance
17    Project Economics

    17.1    Capital Cost of Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players’ Market Share
    18.3    Company Profiles
19    Industry Events and Developments

 

List of Figures and Tables

1.    Global Electric Motor Market: Key Industry Highlights, 2015 and 2025
2.    Global Electric Motor Historical Market: Breakup by Product (USD Million), 2015-2019
3.    Global Electric Motor Market Forecast: Breakup by Product (USD Million), 2020-2025
4.    Global Electric Motor Historical Market: Breakup by Application (USD Million), 2015-2019
5.    Global Electric Motor Market Forecast: Breakup by Application (USD Million), 2020-2025
6.    Global Electric Motor Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Electric Motor Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    Global Low Voltage Electric Motor Market: Key Industry Highlights, 2015 and 2025
9.    Global Low Voltage Electric Motor Historical Market: Breakup by Power Rating (USD Million), 2015-2019
10.    Global Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (USD Million), 2020-2025
11.    Global Low Voltage Electric Motor Historical Market: Breakup by Efficiency (USD Million), 2015-2019
12.    Global Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (USD Million), 2020-2025
13.    Global Low Voltage Electric Motor Historical Market: Breakup by Application (USD Million), 2015-2019
14.    Global Low Voltage Electric Motor Market Forecast: Breakup by Application (USD Million), 2020-2025
15.    Global Low Voltage Electric Motor Historical Market: Breakup by End Use (USD Million), 2015-2019
16.    Global Low Voltage Electric Motor Market Forecast: Breakup by End Use (USD Million), 2020-2025
17.    Global Low Voltage Electric Motor Historical Market: Breakup by Region (USD Million), 2015-2019
18.    Global Low Voltage Electric Motor Market Forecast: Breakup by Region (USD Million), 2020-2025
19.    GCC Low Voltage Electric Motor Market: Key Industry Highlights, 2015 and 2025
20.    GCC Low Voltage Electric Motor Historical Market: Breakup by Power Rating (USD Million), 2015-2019
21.    GCC Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (USD Million), 2020-2025
22.    GCC Low Voltage Electric Motor Historical Market: Breakup by Efficiency (USD Million), 2015-2019
23.    GCC Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (USD Million), 2020-2025
24.    GCC Low Voltage Electric Motor Historical Market: Breakup by Application (USD Million), 2015-2019
25.    GCC Low Voltage Electric Motor Market Forecast: Breakup by Application (USD Million), 2020-2025
26.    GCC Low Voltage Electric Motor Historical Market: Breakup by End Use (USD GCC), 2015-2019
27.    Global Low Voltage Electric Motor Market Forecast: Breakup by End Use (USD Million), 2020-2025
28.    GCC Low Voltage Electric Motor Historical Market: Breakup by Country (USD Million), 2015-2019
29.    GCC Low Voltage Electric Motor Market Forecast: Breakup by Country (USD Million), 2020-2025
30.    Saudi Arabia Low Voltage Electric Motor Market: Key Industry Highlights, 2015 and 2025
31.    Saudi Arabia Low Voltage Electric Motor Historical Market: Breakup by Efficiency (USD Million), 2015-2019
32.    Saudi Arabia Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (USD Million), 2020-2025
33.    Saudi Arabia Low Voltage Electric Motor Historical Market: Breakup by Application (USD Million), 2015-2019
34.    Saudi Arabia Low Voltage Electric Motor Market Forecast: Breakup by Application (USD Million), 2020-2025
35.    Saudi Arabia Low Voltage Electric Motor Historical Market: Breakup by End Use (USD Million), 2015-2019
36.    Saudi Arabia Low Voltage Electric Motor Market Forecast: Breakup by End Use (USD Million), 2020-2025
37.    Saudi Arabia Low Voltage Electric Motor Market Structure

Key Questions Answered in the Report

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 485.1 million in 2019.

In the forecast period of 2020-2025, the Saudi Arabia electric motor market is projected to grow at a CAGR of 10%, further propelling the growth of the low voltage electric motor industry in the country.

By 2025, the Saudi Arabia electric motor market is estimated to attain USD 811.8 million, supporting the growth of the low voltage electric motor industry.

The major drivers of the industry such as rising disposable incomes, increasing population, rising energy demand, increasing development of megacities and improvement of infrastructure, rapid urbanisation, and growing industrialisation are expected to aid the market growth.

The upcoming project as a part of NEOM and Saudi Vision 2030 is expected to increase the energy demand in the country, which is expected to be a major trend in the industry.

The dominant efficiency types in the industry are standard efficiency, high efficiency, premium efficiency, and super premium efficiency.

The HVAC segment is the leading application segment in the industry.

The pumps and fans segment accounts for the largest end-use segment in the industry.

Analyst Review

The Saudi Arabia low voltage electric motor market is driven by the growth of the overall electric motor market is the country, which attained a value of USD 485.1 million in 2019. The industry is driven by the robust infrastructural growth. Aided by the rising demand for HVAC systems, the Saudi Arabia electric motor market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 10%. The market is projected to reach USD 811.8 million by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on efficiency, the industry can be segmented into standard efficiency, high efficiency, premium efficiency, and super premium efficiency. While the HVAC system leads the application sectors, the pumps and fans segment leads the end-use segment in the industry.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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