The Saudi Arabia electric motor market size reached US$ 78.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 112.8 Million by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 78.3 Million |
Market Forecast in 2032
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US$ 112.8 Million |
Market Growth Rate 2024-2032 | 4% |
An electric motor is an electro-mechanical device that converts electrical energy into mechanical energy by utilizing electromagnetic phenomena. It generates the mechanical torque by the interaction of conductors that carry current to the magnetic field. It is efficient, consumes less energy, and has a long operating life and better endurance for fluctuating voltages. As a result, it is integrated into fans, disk drives, compressors, and electric cars, which are further employed in the residential, real estate, manufacturing, and commercial sectors. At present, there is a rise in the demand for electric motors in Saudi Arabia on account of the upcoming construction projects undertaken by governing authorities in the country.
Saudi Arabia Electric Motor Market Trends:
Due to rapid urbanization and inflating income levels of individuals, there is a considerable rise in the utilization of electrical appliances, such as washing machines, dishwashers, coffee grinders, microwaves, and electric can openers. This is positively influencing the sales of electric motors in Saudi Arabia. In addition to this, the prevalent weather conditions are resulting in a significant reliance on air conditioning systems that operate on electric motors, which is contributing to the market growth. The market is further driven by the growing trend of replacing gas turbines with electric motors in large industrial plants. Moreover, the Government of Saudi Arabia is continuously focusing on introducing different policies that support new industries. It is also considerably investing in construction activities and infrastructural development, which, in turn, is fueling the sales of electric motors across the country. Furthermore, due to rising environmental concerns, there is a rise in the production and adoption of electric vehicles. This is anticipated to strengthen the growth of the market in the country.
IMARC Group provides an analysis of the key trends in each segment of the Saudi Arabia electric motor market report, along with forecasts for the period 2024-2032. Our report has categorized the market based on efficiency, application and end use.
Breakup by Efficiency:
Breakup by Application:
Electric motors find extensive application in HVAC due to the subtropical weather conditions in the country.
Breakup by End Use:
Pumps and fans currently account for the majority of the total market share.
The competitive landscape of the market has also been examined with some of the key players being ABB, NIDEC Corporation, Siemens, TECO Middle East and WEG Industries.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Efficiency, Application, End Use |
Companies Covered | ABB, NIDEC Corporation, Siemens, TECO Middle East, WEG Industries |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |