PUBLISHER: IMARC | PRODUCT CODE: 1467723
PUBLISHER: IMARC | PRODUCT CODE: 1467723
GCC Electric Motor Market Report by Efficiency, End-Use Industry, Applications, and Country 2024-2032
The GCC electric motor market size reached US$ 142.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 227.7 Million by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032. Increasing demand for energy-efficient and sustainable technologies, favorable government initiatives promoting electric vehicles, and rising investments in renewable energy sources represent some of the key factors driving the market.
Electric motors are devices that convert electrical energy into mechanical energy. They offer numerous advantages, such as extended operating life, low energy consumption, minimal maintenance, and high endurance for fluctuating voltages. They are vital in the oil and gas industry, which requires high-value and complex rotating equipment systems. Apart from this, electric motors have a diverse range of applications in devices, such as dishwashers, vacuum cleaners, printing presses, smartphones, and automobiles. They are a crucial component for operating various machines and are often used in industrial settings to perform heavy-duty tasks. One of the key advantages of electric motors is that they can operate with high efficiency, making them an environmentally friendly choice. Additionally, they require less maintenance than their combustion engine counterparts, thus reducing costs and downtime.
GCC Electric Motor Market Trends:
The GCC electric motor market is driven by the increasing demand for energy-efficient and sustainable technologies and favorable government initiatives promoting electric vehicles (EVs). Moreover, rising investments in renewable energy sources and the escalating need to reduce carbon emissions are bolstering the market growth. Furthermore, the rapid growth of the construction and industrial sectors, coupled with the surging adoption of automation, is accelerating the market growth. Apart from this, the burgeoning product usage in various applications, including heating, ventilation, and air conditioning (HVAC) systems, pumps, and compressors, and the growing trend of electrification in the transportation sector are creating a positive outlook for the market. Other factors, such as the easy availability of raw materials and skilled labor in the region, the development of advanced technologies, such as brushless DC motors, and the increasing demand for electric motors in the oil and gas sector, are fueling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC electric motor market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on efficiency, end-use industry, and applications.
Efficiency Insights:
Standard Efficiency Electric Motors
High Efficiency Electric Motors
Premium Efficiency Electric Motors
Super Premium Efficiency Electric Motors
The report has provided a detailed breakup and analysis of the GCC electric motor market based on the efficiency. This includes standard, high, premium, and super premium efficiency electric motors. According to the report, high efficiency electric motors accounted for the largest market share.
End-Use Industry Insights:
HVAC
Mining
Oil and Gas
Water and Utilities
Food, Beverage and Tobacco
Others
The report has provided a detailed breakup and analysis of the GCC electric motor market based on the end-use industry. This includes HVAC, mining, oil and gas, water and utilities, food, beverage and tobacco, and others. According to the report, HVAC accounted for the largest market share.
Applications Insights:
Pumps and Fans
Compressors
Other Uses
The report has provided a detailed breakup and analysis of the GCC electric motor market based on the application. This includes pumps and fans, compressors, and other uses. According to the report, pumps and fans accounted for the largest market share.
Country Insights:
Saudi Arabia
UAE
Oman
Qatar
Kuwait
Bahrain
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain. According to the report, Saudi Arabia was the largest market for electric motor. Some of the factors driving the Saudi Arabia electric motor market in GCC included rising fuel prices, the proliferating sales of EVs, and rapid expansion of the industrial sector.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the GCC electric motor market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ABB, Siemens, WEG Industries, NIDEC Corporation, and TECO Middle East Electrical and Machinery Co. Ltd, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the GCC electric motor market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the GCC electric motor market?
- What is the impact of each driver, restraint, and opportunity on the GCC electric motor market?
- What is the breakup of the market based on the efficiency?
- Which is the most attractive efficiency in the GCC electric motor market?
- What is the breakup of the market based on the end-use industry?
- Which is the most attractive end-use industry in the GCC electric motor market?
- What is the breakup of the market based on applications?
- Which is the most attractive application in the GCC electric motor market?
- What is the competitive structure of the GCC electric motor market?
- Who are the key players/companies in the GCC electric motor market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Motor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Product Type
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by End Use
- 5.6 Market Forecast
6 Global Low Voltage Electric Motor Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.3 Market Breakup by Power Ratings
- 6.4 Market Breakup by Efficiency
- 6.5 Market Breakup by End Use Industry
- 6.6 Market Breakup by Application
- 6.7 Market Breakup by Region
- 6.8 Market Forecast
7 GCC Low Voltage Electric Motor Market
- 7.1 Market Overview
- 7.2 Market Performance
- 7.3 Impact of COVID-19
- 7.4 Market Breakup by Power Ratings
- 7.5 Market Breakup by Efficiency
- 7.6 Market Breakup by End Use Industry
- 7.7 Market Breakup by Application
- 7.8 Market Breakup by Region
- 7.9 Market Forecast
- 7.10 SWOT Analysis
- 7.10.1 Overview
- 7.10.2 Strengths
- 7.10.3 Weaknesses
- 7.10.4 Opportunities
- 7.10.5 Threats
- 7.11 Value Chain Analysis
- 7.12 Porters Five Forces Analysis
- 7.12.1 Overview
- 7.12.2 Bargaining Power of Buyers
- 7.12.3 Bargaining Power of Suppliers
- 7.12.4 Degree of Competition
- 7.12.5 Threat of New Entrants
- 7.12.6 Threat of Substitutes
8 GCC Electric Motor (Low Voltage) Market: Performance by Efficiency
- 8.1 Standard Efficiency Electric Motors
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 High Efficiency Electric Motors
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Premium Efficiency Electric Motors
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Super Premium Efficiency Electric Motors
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 GCC Electric Motor (Low Voltage) Market: Performance by End-Use Industry
- 9.1 HVAC
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Oil and Gas
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Food, Beverage and Tobacco
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Mining
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Water and Utilities
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 GCC Electric Motor (Low Voltage) Market: Performance by Applications
- 10.1 Pumps and Fans
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Compressors
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Other Uses
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 GCC Electric Motor (Low Voltage) Market: Performance of Key Regions
- 11.1 Saudi Arabia
- 11.1.1 Market Overview
- 11.1.2 Market Performance
- 11.1.3 Market Breakup by Power Ratings
- 11.1.4 Market Breakup by Efficiency
- 11.1.5 Market Breakup by End Use Industry
- 11.1.6 Market Breakup by Application
- 11.1.7 Market Forecast
- 11.2 UAE
- 11.2.1 Market Overview
- 11.2.2 Market Performance
- 11.2.3 Market Breakup by Power Ratings
- 11.2.4 Market Breakup by Efficiency
- 11.2.5 Market Breakup by End Use Industry
- 11.2.6 Market Breakup by Application
- 11.2.7 Market Forecast
- 11.3 Other Major Markets in GCC Region
- 11.3.1 Oman
- 11.3.2 Qatar
- 11.3.3 Kuwait
- 11.3.4 Bahrain
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Market Share of Key Players
13 Electric Motor Manufacturing Process
- 13.1 Product Overview
- 13.2 Detailed Process Flow
- 13.3 Various Types of Unit Operations Involved
- 13.4 Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Costs Involved
- 14.1 Land Requirements and Expenditures
- 14.2 Construction Requirements and Expenditures
- 14.3 Plant Layout
- 14.4 Plant Machinery
- 14.5 Machinery Pictures
- 14.6 Raw Material Requirements and Expenditures
- 14.7 Packaging Requirements and Expenditures
- 14.8 Utilities Requirements and Expenditures
- 14.9 Manpower Requirements and Expenditures
- 14.10 Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
- 16.1 Capital Cost of the Project
- 16.2 Techno-Economic Parameters
- 16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 16.4 Taxation and Depreciation
- 16.5 Income Projections
- 16.6 Expenditure Projections
- 16.7 Financial Analysis
- 16.8 Profit Analysis
17 Key Player Profiles
List of Figures
- Figure 1: GCC: Electric Motor Market: Major Drivers and Challenges
- Figure 2: Global: Electric Motor Market: Value Trends (in Billion US$), 2018-2023
- Figure 3: Global: Electric Motor Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Electric Motor Market: Breakup by Region (in %), 2023
- Figure 5: Global: Electric Motor Market: Breakup by End Use (in %), 2023
- Figure 6: Global: Electric Motor Market Forecast: Value Trends (in Billion US$), 2024-2032
- Figure 7: Global: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2018-2023
- Figure 8: Global: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2023
- Figure 9: Global: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2023
- Figure 10: Global: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2023
- Figure 11: Global: Low Voltage Electric Motor Market: Breakup by Application (in %), 2023
- Figure 12: Global: Low Voltage Electric Motor Market: Breakup by Region (in %), 2023
- Figure 13: Global: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2024-2032
- Figure 14: GCC: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2018-2023
- Figure 15: GCC: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2023
- Figure 16: GCC: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2023
- Figure 17: GCC: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2023
- Figure 18: GCC: Low Voltage Electric Motor Market: Breakup by Application (in %), 2023
- Figure 19: GCC: Low Voltage Electric Motor Market: Breakup by Region (in %), 2023
- Figure 20: GCC: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2024-2032
- Figure 21: GCC: Electric Motor Industry: SWOT Analysis
- Figure 22: GCC: Electric Motor Industry: Value Chain Analysis
- Figure 23: GCC: Electric Motor Industry: Porter's Five Forces Analysis
- Figure 24: GCC: Low Voltage Electric Motor Market (Standard Efficiency): Value Trends (in Million US$), 2018 & 2023
- Figure 25: GCC: Low Voltage Electric Motor Market Forecast (Standard Efficiency): Value Trends (in Million US$), 2024-2032
- Figure 26: GCC: Low Voltage Electric Motor Market (High Efficiency): Value Trends (in Million US$), 2018 & 2023
- Figure 27: GCC: Low Voltage Electric Motor Market Forecast (High Efficiency): Value Trends (in Million US$), 2024-2032
- Figure 28: GCC: Low Voltage Electric Motor Market (Premium Efficiency): Value Trends (in Million US$), 2018 & 2023
- Figure 29: GCC: Low Voltage Electric Motor Market Forecast (Premium Efficiency): Value Trends (in Million US$), 2024-2032
- Figure 30: GCC: Low Voltage Electric Motor Market (Super Premium Efficiency): Value Trends (in Million US$), 2018 & 2023
- Figure 31: GCC: Low Voltage Electric Motor Market Forecast (Super Premium Efficiency): Value Trends (in Million US$), 2024-2032
- Figure 32: GCC: Low Voltage Electric Motor Market: HVAC Applications: Value Trends (in Million US$), 2018 & 2023
- Figure 33: GCC: Low Voltage Electric Motor Market Forecast: HVAC Applications: Value Trends (in Million US$), 2024-2032
- Figure 34: GCC: Low Voltage Electric Motor Market: Oil and Gas Applications: Value Trends (in Million US$), 2018 & 2023
- Figure 35: GCC: Low Voltage Electric Motor Market Forecast: Oil and Gas Applications: Value Trends (in Million US$), 2024-2032
- Figure 36: GCC: Low Voltage Electric Motor Market: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2018 & 2023
- Figure 37: GCC: Low Voltage Electric Motor Market Forecast: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2024-2032
- Figure 38: GCC: Low Voltage Electric Motor Market: Mining Applications: Value Trends (in Million US$), 2018 & 2023
- Figure 39: GCC: Low Voltage Electric Motor Market Forecast: Mining Applications: Value Trends (in Million US$), 2024-2032
- Figure 40: GCC: Low Voltage Electric Motor Market: Water and Utilities Application: Value Trends (in Million US$), 2018 & 2023
- Figure 41: GCC: Low Voltage Electric Motor Market Forecast: Water and Utilities Application: Value Trends (in Million US$), 2024-2032
- Figure 42: GCC: Low Voltage Electric Motor Market: Other Applications: Value Trends (in Million US$), 2018 & 2023
- Figure 43: GCC: Low Voltage Electric Motor Market Forecast: Other Applications: Value Trends (in Million US$), 2024-2032
- Figure 44: GCC: Low Voltage Electric Motor Market (in Pumps and Fans): Value Trends (in Million US$), 2018 & 2023
- Figure 45: GCC: Low Voltage Electric Motor Market Forecast (in Pumps and Fans): Value Trends (in Million US$), 2024-2032
- Figure 46: GCC: Low Voltage Electric Motor Market (in Compressors): Value Trends (in Million US$), 2018 & 2023
- Figure 47: GCC: Low Voltage Electric Motor Market Forecast (in Compressors): Value Trends (in Million US$), 2024-2032
- Figure 48: GCC: Low Voltage Electric Motor Market (Other Uses): Value Trends (in Million US$), 2018 & 2023
- Figure 49: GCC: Low Voltage Electric Motor Market Forecast (Other Uses): Value Trends (in Million US$), 2024-2032
- Figure 50: Saudi Arabia: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2018-2023
- Figure 51: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2023
- Figure 52: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2023
- Figure 53: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2023
- Figure 54: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Application (in %), 2023
- Figure 55: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2024-2032
- Figure 56: UAE: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2018-2023
- Figure 57: UAE: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2023
- Figure 58: UAE: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2023
- Figure 59: UAE: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2023
- Figure 60: UAE: Low Voltage Electric Motor Market: Breakup by Application (in %), 2023
- Figure 61: UAE: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2024-2032
- Figure 62: GCC: Electric Motor Market: Share of Key Players (in %), 2023
- Figure 63: Electric Motor: Major Parts and Assembly Line Operations
- Figure 64: Electric Motor Assembling: Various Types of Unit Operations Involved
- Figure 65: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
- Figure 66: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
- Figure 67: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
- Figure 68: Electric Motors Manufacturing: Proposed Plant Layout
- Figure 69: Electric Motors Manufacturing: Breakup of Capital Costs (in %)
- Figure 70: Electric Motor Manufacturing: Breakup of Profit Margins at Various Level of the Supply Chain
- Figure 71: Electric Motors Manufacturing: Breakup of Production Costs (in %)
List of Tables
- Table 1: Global: Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Low Voltage Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 3: GCC: Low Voltage Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 4: Saudi Arabia: Low Voltage Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 5: UAE: Low Voltage Electric Motor Market: Key Industry Highlights, 2023 and 2032
- Table 6: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (in Million US$), 2024-2032
- Table 7: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (in Million US$), 2024-2032
- Table 8: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 9: GCC: Low Voltage Electric Motor Market Forecast: Breakup by End Use (in Million US$), 2024-2032
- Table 10: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 11: GCC: Electric Motor Market: Competitive Structure
- Table 12: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 13: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 14: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
- Table 15: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day)
- Table 16: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 17: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 18: Electric Motors Manufacturing Plant: Capital Costs (in US$)
- Table 19: Electric Motors Manufacturing Plant: Techno-Economic Parameters
- Table 20: Electric Motor Manufacturing Plant: Taxation (in US$)
- Table 21: Electric Motor Manufacturing Plant: Depreciation (in US$)
- Table 22: Electric Motor Manufacturing Plant: Income Projections (in US$)
- Table 23: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
- Table 24: Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
- Table 25: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
- Table 26: Electric Motor Manufacturing Plant: Profitability Analysis
