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Saudi Arabia Low Voltage Electric Motor Market Size, Growth: By Efficiency: Standard Efficiency Electric Motors, High Efficiency Electric Motors, Premium Efficiency Electric Motors, Super Premium Efficiency Electric Motors; By Application: HVAC, Oil and Gas, Food, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
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 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.
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.
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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
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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 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.
Key Highlights of the Report
| 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 |
|
| Breakup by End Use |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global Electric Motor Market Overview
8.1 Key Industry Highlights
8.2 Global Electric Motor Historical Market (2018-2023)
8.3 Global Electric Motor Market Forecast (2024-2032)
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 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 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 (2018-2023)
9.3 Global Low Voltage Electric Motor Market Forecast (2024-2032)
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 North America
9.8.2 Europe
9.8.3 Asia Pacific
9.8.4 Latin America
9.8.5 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 (2018-2023)
10.3 GCC Low Voltage Electric Motor Market Forecast (2024-2032)
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 (2018-2023)
11.3 Saudi Arabia Low Voltage Electric Motor Market Forecast (2024-2032)
11.4 Saudi Arabia Low Voltage Electric Motor Market by Efficiency
11.4.1 Standard Efficiency Electric Motors
11.4.1.1 Historical Trend (2018-2023)
11.4.1.2 Forecast Trend (2024-2032)
11.4.2 High Efficiency Electric Motors
11.4.2.1 Historical Trend (2018-2023)
11.4.2.2 Forecast Trend (2024-2032)
11.4.3 Premium Efficiency Electric Motors
11.4.3.1 Historical Trend (2018-2023)
11.4.3.2 Forecast Trend (2024-2032)
11.4.4 Super Premium Efficiency Electric Motors
11.4.4.1 Historical Trend (2018-2023)
11.4.4.2 Forecast Trend (2024-2032)
11.5 Saudi Arabia Low Voltage Electric Motor Market by Application
11.5.1 HVAC
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 Oil and Gas
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
11.5.3 Food, Beverage, and Tobacco
11.5.3.1 Historical Trend (2018-2023)
11.5.3.2 Forecast Trend (2024-2032)
11.5.4 Mining
11.5.4.1 Historical Trend (2018-2023)
11.5.4.2 Forecast Trend (2024-2032)
11.5.5 Water and Utilities
11.5.5.1 Historical Trend (2018-2023)
11.5.5.2 Forecast Trend (2024-2032)
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 Historical Trend (2018-2023)
11.6.1.2 Forecast Trend (2024-2032)
11.6.2 Compressors
11.6.2.1 Historical Trend (2018-2023)
11.6.2.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
12.4 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 Company Profiles
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Motor Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Motor Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Electric Motor Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Electric Motor Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Electric Motor Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Electric Motor Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Electric Motor Market Forecast: Breakup by Region (USD Million), 2024-2032
8. Global Low Voltage Electric Motor Market: Key Industry Highlights, 2018 and 2032
9. Global Low Voltage Electric Motor Historical Market: Breakup by Power Rating (USD Million), 2018-2023
10. Global Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (USD Million), 2024-2032
11. Global Low Voltage Electric Motor Historical Market: Breakup by Efficiency (USD Million), 2018-2023
12. Global Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (USD Million), 2024-2032
13. Global Low Voltage Electric Motor Historical Market: Breakup by Application (USD Million), 2018-2023
14. Global Low Voltage Electric Motor Market Forecast: Breakup by Application (USD Million), 2024-2032
15. Global Low Voltage Electric Motor Historical Market: Breakup by End Use (USD Million), 2018-2023
16. Global Low Voltage Electric Motor Market Forecast: Breakup by End Use (USD Million), 2024-2032
17. Global Low Voltage Electric Motor Historical Market: Breakup by Region (USD Million), 2018-2023
18. Global Low Voltage Electric Motor Market Forecast: Breakup by Region (USD Million), 2024-2032
19. GCC Low Voltage Electric Motor Market: Key Industry Highlights, 2018 and 2032
20. GCC Low Voltage Electric Motor Historical Market: Breakup by Power Rating (USD Million), 2018-2023
21. GCC Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (USD Million), 2024-2032
22. GCC Low Voltage Electric Motor Historical Market: Breakup by Efficiency (USD Million), 2018-2023
23. GCC Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (USD Million), 2024-2032
24. GCC Low Voltage Electric Motor Historical Market: Breakup by Application (USD Million), 2018-2023
25. GCC Low Voltage Electric Motor Market Forecast: Breakup by Application (USD Million), 2024-2032
26. GCC Low Voltage Electric Motor Historical Market: Breakup by End Use (USD GCC), 2018-2023
27. Global Low Voltage Electric Motor Market Forecast: Breakup by End Use (USD Million), 2024-2032
28. GCC Low Voltage Electric Motor Historical Market: Breakup by Country (USD Million), 2018-2023
29. GCC Low Voltage Electric Motor Market Forecast: Breakup by Country (USD Million), 2024-2032
30. Saudi Arabia Low Voltage Electric Motor Market: Key Industry Highlights, 2018 and 2032
31. Saudi Arabia Low Voltage Electric Motor Historical Market: Breakup by Efficiency (USD Million), 2018-2023
32. Saudi Arabia Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (USD Million), 2024-2032
33. Saudi Arabia Low Voltage Electric Motor Historical Market: Breakup by Application (USD Million), 2018-2023
34. Saudi Arabia Low Voltage Electric Motor Market Forecast: Breakup by Application (USD Million), 2024-2032
35. Saudi Arabia Low Voltage Electric Motor Historical Market: Breakup by End Use (USD Million), 2018-2023
36. Saudi Arabia Low Voltage Electric Motor Market Forecast: Breakup by End Use (USD Million), 2024-2032
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 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.
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 638.62 million in 2023. 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 2024-2032, growing at a CAGR of 8.90%. The market is projected to reach USD 1,376.42 million by 2032.
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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