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Report
GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 130 Pages I IMARC Group
The GCC electric motor market size reached US$ 134.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 190.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028.
Electric motors are devices which convert electrical energy into mechanical energy. They offer numerous advantages such as long operating life, low energy consumption, low maintenance, and high endurance for fluctuating voltages. Owing to this, electric motors form an important component of the oil and gas industries in the GCC countries which require high value and complex rotating equipment systems. Apart from this, they are used in a diverse range of devices such as dishwashers, vacuum cleaners, printing presses, smartphones, automobiles, etc.
Rising fuel prices have generated a preference towards electric vehicles which do not cause carbon emissions. Owing to this, the governments of the GCC countries are highly supportive of electric vehicles, thereby facilitating the market growth. Apart from this, the use for commercial and industrial HVAC units is also rising in the region, in turn, stimulating the demand for electric motors. Growing petrochemical industry, expansion of industrial sector, establishment of special economic zones along with upcoming infrastructure projects in the GCC region have further propelling the growth prospects of the market.
The report has segmented the GCC electric motor market on the basis of efficiency into IE1, IE2, IE3, and IE4. Amongst these, IE2 motors hold the largest share. The market is further categorised on the basis of applications covering pumps and fans, compressors, and others. On the basis of end-use, HVAC represents the largest end-use industry. Other major end-use industries include oil and gas, food and beverage, mining, water and utilities, and others. Within the GCC region, Saudi Arabia is the leading market, accounting for the largest share. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are ABB, Siemens, WEG Industries, NIDEC Corporation, and TECO Middle East Electrical & Machinery Co. Ltd.
This report provides a deep insight into the GCC electric motor industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an electric motor manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC electric motor industry in any manner.
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 key regional markets in the GCC electric motor industry?
What has been the impact of COVID-19 on the GCC electric motor industry?
What are the key end-use segment in the GCC electric motor industry?
What are the major applications in the GCC electric motor industry?
What are the various stages in the value chain of the GCC electric motor industry?
What are the key driving factors and challenges in the GCC electric motor industry?
What is the structure of the GCC electric motor industry and who are the key players?
What is the degree of competition in the GCC electric motor industry?
What are the profit margins in the GCC electric motor industry?
What are the key requirements for setting up an electric motor manufacturing plant?
How is electric motor manufactured?
What are the various unit operations involved in an electric motor manufacturing plant?
What is the total size of land required for setting up an electric motor manufacturing plant?
What are the machinery requirements for setting up an electric motor manufacturing plant?
What are the raw material requirements for setting up an electric motor manufacturing plant?
What are the packaging requirements for electric motor?
What are the transportation requirements for electric motor?
What are the utility requirements for setting up an electric motor manufacturing plant?
What are the manpower requirements for setting up an electric motor manufacturing plant?
What are the infrastructure costs for setting up an electric motor manufacturing plant?
What are the capital costs for setting up an electric motor manufacturing plant?
What are the operating costs for setting up an electric motor manufacturing plant?
What will be the income and expenditures for an electric motor manufacturing plant?
What is the time required to break-even?
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
Figure 1: GCC: Electric Motor Market: Major Drivers and Challenges
Figure 2: Global: Electric Motor Market: Value Trends (in Billion US$), 2017-2022
Figure 3: Global: Electric Motor Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Electric Motor Market: Breakup by Region (in %), 2022
Figure 5: Global: Electric Motor Market: Breakup by End Use (in %), 2022
Figure 6: Global: Electric Motor Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 7: Global: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2017-2022
Figure 8: Global: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2022
Figure 9: Global: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 10: Global: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2022
Figure 11: Global: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 12: Global: Low Voltage Electric Motor Market: Breakup by Region (in %), 2022
Figure 13: Global: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 14: GCC: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2017-2022
Figure 15: GCC: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2022
Figure 16: GCC: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 17: GCC: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2022
Figure 18: GCC: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 19: GCC: Low Voltage Electric Motor Market: Breakup by Region (in %), 2022
Figure 20: GCC: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2023-2028
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$), 2017 & 2022
Figure 25: GCC: Low Voltage Electric Motor Market Forecast (Standard Efficiency): Value Trends (in Million US$), 2023-2028
Figure 26: GCC: Low Voltage Electric Motor Market (High Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 27: GCC: Low Voltage Electric Motor Market Forecast (High Efficiency): Value Trends (in Million US$), 2023-2028
Figure 28: GCC: Low Voltage Electric Motor Market (Premium Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 29: GCC: Low Voltage Electric Motor Market Forecast (Premium Efficiency): Value Trends (in Million US$), 2023-2028
Figure 30: GCC: Low Voltage Electric Motor Market (Super Premium Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 31: GCC: Low Voltage Electric Motor Market Forecast (Super Premium Efficiency): Value Trends (in Million US$), 2023-2028
Figure 32: GCC: Low Voltage Electric Motor Market: HVAC Applications: Value Trends (in Million US$), 2017 & 2022
Figure 33: GCC: Low Voltage Electric Motor Market Forecast: HVAC Applications: Value Trends (in Million US$), 2023-2028
Figure 34: GCC: Low Voltage Electric Motor Market: Oil and Gas Applications: Value Trends (in Million US$), 2017 & 2022
Figure 35: GCC: Low Voltage Electric Motor Market Forecast: Oil and Gas Applications: Value Trends (in Million US$), 2023-2028
Figure 36: GCC: Low Voltage Electric Motor Market: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2017 & 2022
Figure 37: GCC: Low Voltage Electric Motor Market Forecast: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2023-2028
Figure 38: GCC: Low Voltage Electric Motor Market: Mining Applications: Value Trends (in Million US$), 2017 & 2022
Figure 39: GCC: Low Voltage Electric Motor Market Forecast: Mining Applications: Value Trends (in Million US$), 2023-2028
Figure 40: GCC: Low Voltage Electric Motor Market: Water and Utilities Application: Value Trends (in Million US$), 2017 & 2022
Figure 41: GCC: Low Voltage Electric Motor Market Forecast: Water and Utilities Application: Value Trends (in Million US$), 2023-2028
Figure 42: GCC: Low Voltage Electric Motor Market: Other Applications: Value Trends (in Million US$), 2017 & 2022
Figure 43: GCC: Low Voltage Electric Motor Market Forecast: Other Applications: Value Trends (in Million US$), 2023-2028
Figure 44: GCC: Low Voltage Electric Motor Market (in Pumps and Fans): Value Trends (in Million US$), 2017 & 2022
Figure 45: GCC: Low Voltage Electric Motor Market Forecast (in Pumps and Fans): Value Trends (in Million US$), 2023-2028
Figure 46: GCC: Low Voltage Electric Motor Market (in Compressors): Value Trends (in Million US$), 2017 & 2022
Figure 47: GCC: Low Voltage Electric Motor Market Forecast (in Compressors): Value Trends (in Million US$), 2023-2028
Figure 48: GCC: Low Voltage Electric Motor Market (Other Uses): Value Trends (in Million US$), 2017 & 2022
Figure 49: GCC: Low Voltage Electric Motor Market Forecast (Other Uses): Value Trends (in Million US$), 2023-2028
Figure 50: Saudi Arabia: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2017-2022
Figure 51: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2022
Figure 52: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 53: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2022
Figure 54: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 55: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 56: UAE: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2017-2022
Figure 57: UAE: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2022
Figure 58: UAE: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 59: UAE: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2022
Figure 60: UAE: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 61: UAE: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 62: GCC: Electric Motor Market: Share of Key Players (in %), 2022
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 %)
Table 1: Global: Electric Motor Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Low Voltage Electric Motor Market: Key Industry Highlights, 2022 and 2028
Table 3: GCC: Low Voltage Electric Motor Market: Key Industry Highlights, 2022 and 2028
Table 4: Saudi Arabia: Low Voltage Electric Motor Market: Key Industry Highlights, 2022 and 2028
Table 5: UAE: Low Voltage Electric Motor Market: Key Industry Highlights, 2022 and 2028
Table 6: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (in Million US$), 2023-2028
Table 7: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (in Million US$), 2023-2028
Table 8: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 9: GCC: Low Voltage Electric Motor Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 10: GCC: Low Voltage Electric Motor Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 11: GCC: Electric Motor Market: Competitive Structure
Table 12: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
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
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