Saudi Arabia Electric Motor Market Fostered by Increasing Power Consumption
Copyright © IMARC. All Rights Reserved
About IMARC Group
Report Description
IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Report Description and Highlights
Report Description
Saudi Arabia Electric Motor Market Fostered by Increasing Power Consumption The Saudi Arabia electric motor market has been witnessing a positive growth. This is due to the increasing governmental support towards large-scale investments and establishment of new industries in the water and power utility sectors. The latest report by IMARC Group, titled “Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022�, finds that the Saudi Arabia Electric Motor market reached a value of more than US$ 420 Million in 2016. Electric Motor transforms electrical energy into mechanical energy and is used for producing linear or rotary force. These motors can be powered through direct current sources which include batteries, motor vehicles and rectifiers; and alternating current sources such as inverters, generators and power grid. These motors offer numerous advantages such as durability, high operating life, easy installation of automated controls and reduced requirement of labour. Apart from this, they have low initial cost and do not need any engine oil maintenance, or fuel and battery service. Request Sample of the Report: http://www.imarcgroup.com/request?type=report&id=874&flag=B
Report Description and Highlights
Report Description
Report Description and Highlights
Report Description
Highlights of the Saudi Arabia electric motor market: • • •
Growth of public infrastructure and government support for the investment in water and utility sectors act as major factors of growth. HVAC holds the largest market share in the end use industry segment. IE2 hold the majority market share, representing clear dominance in efficiency segment.
The growth of the Saudi Arabia electric motor market is majorly driven by thriving construction sector in the region. Due to inflating incomes and rapid urbanisation, there have been heavy investments in the transport infrastructure including airports, seaports, high-speed rail lines and road construction projects. This has, in turn, proliferated the demand for electric motors in Saudi Arabia. In addition to this, rising number of oil rigs and power plants have resulted in a surge in the demand for electric motors in the country. Moreover, other factors such as government policies encouraging the use of energy-efficient motors and a high demand for AC motors across various industries have also bolstered the market growth. As a result, the Saudi Arabia electric motor market is further expected to reach a value of more than US$ 595 Million, exhibiting a CAGR of around 6% during 2017-2022. Read full report @ http://www.imarcgroup.com/saudi-arabia-electric-motor-market
Report Description and Highlights
Report Description
On the basis of efficiency, IE2 currently exhibits a clear dominance in the market, followed by IE3, IE1 and IE4. Based on end-use industry, HVAC represents the largest end-use industry on account of extreme climatic conditions in the country. It is followed by oil and gas, food and beverage, mining, and water and utilities. On the basis of application, pumps and fans accounts for the majority of the total global share, followed by compressors. The competitive landscape of the market has also been analysed with some of the key players operating in the market being ABB, Siemens, WEG Industries, NIDEC Corporation and TECO Middle East Electrical & Machinery Co. Ltd. The report by IMARC Group has examined the Saudi Arabia electric motor market on the basis of: Efficiency: • • • •
IE2 IE3 IE1 IE4
End-Use Industry:
• •
HVAC Oil and Gas
Report Description and Highlights Report Description • • •
Food and Beverage Mining Water and Utilities
Application: • •
Pumps and Fans Compressors
Key Players: • • • • •
ABB Siemens WEG Industries NIDEC Corporation TECO Middle East Electrical & Machinery Co. Ltd.
Browse more related reports http://www.imarcgroup.com/categories/technology-marketreports
Report Description and Highlights
Report Description
Š 2017 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
Contact Us
FOR MORE DETAILS Visit us at :
http://www.imarcgroup.com Stay With Us:
TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com