The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Electric motors refer to electro-mechanical devices that convert electrical energy to mechanical energy by employing electromagnetic phenomena. They are durable, consume less power, have high endurance for fluctuating voltages, and require low maintenance. There are several types of electric motors, such as brushless DC motors, brushed DC motors, synchronous AC motors, induction AC motors, etc. Based on the voltage, electric motors are available in three varieties, including high voltage, medium voltage, and low voltage. Moreover, the cost of these electric motors is lower than fossil fuel engines. As a result, electric motors find widespread applications across various industries ranging from automobiles to oil and gas, where they are installed in industrial fans, electric cars, compressors, machine tools, domestic appliances, hard disk drives, etc.
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Note: The study incorporates COVID-19’s direct market impact as well as the indirect effects of related industries on the GCC electric motor market. These insights are regularly updated by the subject matter experts at Syndicated Analytics
GCC Electric Motor Products Industry Trends and Drivers:
The increasing demand for heating, ventilation, and air conditioning (HVAC) units in commercial and industrial sectors is primarily driving the GCC electric motor market. Furthermore, the rising sales of passenger vehicles, supported by the growing purchasing power of consumers and the improving standard of living, is further catalyzing the market for electric motors in the region. Apart from this, the escalating need for electric motors in large industrial plants to replace conventional gas turbines is acting as another significant growth-inducing factor. Moreover, the introduction of several favorable policies by government bodies for promoting the adoption of electric vehicles and reducing carbon emissions is also impelling the demand for electric motors across the GCC region. Furthermore, various other factors, such as the expanding industrial automation and the ongoing R&D activities to introduce energy-efficient motors to meet the minimum energy performance standards (MEPS), are expected to drive the GCC electric motor market in the coming years.
Browse complete report with tables of contents and list of figures & tables: https://www.syndicatedanalytics.com/gcc-electric-motor-market
GCC Electric Motor Market Segmentation:
The market is segmented on the basis of efficiency, end-use industry, applications and region
Segmentation by Efficiency:
- Standard Efficiency Electric Motors
- High Efficiency Electric Motors
- Premium Efficiency Electric Motors
- Super Premium Efficiency Electric Motors
Segmentation by End-Use Industry:
- HVAC
- Oil and Gas
- Food, Beverage and Tobacco
- Mining
- Water and Utilities
- Others
Segmentation by Applications:
- Pumps and Fans
- Compressors
- Other Applications
Segmentation by Country:
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
- Bahrain
The key regions covered in the market report are Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain. Moreover, the report also focuses on factors that strengthen revenue potential, demand, and consumption patterns in the market.
Competitive Landscape:
The report also provides insights on the competitive landscape of the electric motor with the leading players profiled in the report.
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Discover how this report can help boost your revenues:
- Examine the current trends in the GCC electric motor market to evaluate industry prospects
- Analyze the present and future performance in established and emerging markets
- Evaluate market dynamics and expansion opportunities
- Investigate the economic and non-economic factors influencing market segments
- Employ qualitative and quantitative market analysis to enhance data-driven decisions
- Analyze how demand and supply factors influence industry growth at the regional and country level
- Study the market competition as per Porter’s five forces model
- Gain insights to new product launches and growth strategies employed by market players
- Capitalize on comprehensive profiles of major companies operating in the industry
About us: Syndicated Analytics is a market research firm that offers consulting services and provides comprehensive market intelligence in the form of research reports. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients which range from small and medium enterprises to Fortune 1000 companies. They are able to achieve this by studying the qualitative and quantitative aspects of the market as well as staying up to date with the current and evolving trends of the industry. Our set of syndicated as well as customized market reports thus help the clients to gain a better view of their competitive landscape, overcome various industry-related challenges and formulate revenue-generating business strategies.
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