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Report
Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 116 Pages I IMARC Group
Market Overview:
The Saudi Arabia electric motor market size reached US$ 74.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 98.8 Million by 2028, exhibiting a growth rate (CAGR) of 4.61% during 2023-2028.
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.
Key Market Segmentation:
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 2023-2028. Our report has categorized the market based on efficiency, application and end use.
Breakup by Efficiency:
Standard Efficiency Electric Motors
High-Efficiency Electric Motors
Premium Efficiency Electric Motors
Super Premium Efficiency Electric Motors
Breakup by Application:
Heating, Ventilation and Air Conditioning (HVAC)
Oil and Gas
Food, Beverage and Tobacco
Mining
Water and Utilities
Others
Electric motors find extensive application in HVAC due to the subtropical weather conditions in the country.
Breakup by End Use:
Pumps and Fans
Compressors
Other Uses
Pumps and fans currently account for the majority of the total market share.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG Industries, NIDEC Corporation and TECO Middle East Electrical & Machinery Co. Ltd.
Key Questions Answered in This Report:
How has the Saudi Arabia electric motor market performed so far and how will it perform in the coming years?
What are the key applications in the Saudi Arabia electric motor market?
What are the key efficiencies in the Saudi Arabia electric motor market?
What has been the impact of COVID-19 on the Saudi Arabia electric motor market?
What are the major end-use segments in the Saudi Arabia electric motor market?
What are the various stages in the value chain of the Saudi Arabia electric motor industry?
What are the key driving factors and challenges in the Saudi Arabia electric motor industry?
What is the structure of the Saudi Arabia electric motor industry and who are the key players?
What is the degree of competition in the Saudi Arabia electric motor industry?
What are the profit margins in the Saudi Arabia 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
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Electric Motor Market
5.1Market Overview
5.2Market Performance
5.3Market Breakup by Product Type
5.4Market Breakup by Region
5.5Market Breakup by Application
5.6Market Forecast
6 Global Low Voltage Electric Motor Market
6.1Market Overview
6.2Market Performance
6.3Market Breakup by Power Rating
6.4Market Breakup by Efficiency
6.5Market Breakup by Application
6.6Market Breakup by End Use
6.7Market Breakup by Region
6.8Market Forecast
7 GCC Low Voltage Electric Motor Market
7.1Market Overview
7.2Market Performance
7.3Market Breakup by Power Rating
7.4Market Breakup by Efficiency
7.5Market Breakup by Application
7.6Market Breakup by End Use
7.7Market Breakup by Region
7.8Market Forecast
8 Saudi Arabia Low Voltage Electric Motor Market
8.1Market Overview
8.2Market Performance
8.3Impact of COVID-19
8.4Market Breakup by Power Rating
8.5Market Breakup by Efficiency
8.6Market Breakup by Application
8.7Market Breakup by End Use
8.8Market Forecast
8.9SWOT Analysis
8.9.1Overview
8.9.2Strengths
8.9.3Weaknesses
8.9.4Opportunities
8.9.5Threats
8.10Value Chain Analysis
8.10.1Raw Material Suppliers
8.10.2Electric Motor Manufacturers
8.10.3Industrial Users
8.10.4System Integrators
8.10.5Distributors, Retailers and Exporters
8.10.6End-Users
8.11 Porters Five Forces Analysis
8.11.1Overview
8.11.2Bargaining Power of Buyers
8.11.3Bargaining Power of Suppliers
8.11.4Degree of Competition
8.11.5Threat of New Entrants
8.11.6Threat of Substitutes
8.12Price Analysis
8.12.1Key Price Indicators
8.12.2Price Structure
8.13Key Market Drivers and Success Factors
9 Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Efficiency
9.1Standard Efficiency Electric Motors
9.1.1 Market Trends
9.1.2 Market Forecast
9.2High Efficiency Electric Motors
9.2.1 Market Trends
9.2.2 Market Forecast
9.3Premium Efficiency Electric Motors
9.3.1 Market Trends
9.3.2 Market Forecast
9.4Super Premium Efficiency Electric Motors
9.4.1 Market Trends
9.4.2 Market Forecast
10 Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Application
10.1HVAC
10.1.1 Market Trends
10.1.2 Market Forecast
10.2Oil and Gas
10.2.1 Market Trends
10.2.2 Market Forecast
10.3Food, Beverage and Tobacco
10.3.1 Market Trends
10.3.2 Market Forecast
10.4Mining
10.4.1 Market Trends
10.4.2 Market Forecast
10.5Water and Utilities
10.5.1 Market Trends
10.5.2 Market Forecast
10.6Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Saudi Arabia Electric Motor (Low Voltage) Market: Performance by End-Use
11.1Pumps and Fans
11.1.1 Market Trends
11.1.2 Market Forecast
11.2Compressors
11.2.1 Market Trends
11.2.2 Market Forecast
11.3Other Uses
11.3.1 Market Trends
11.3.2 Market Forecast
12 Competitive Landscape
12.1Market Structure
12.2Key Players
13 Electric Motor Manufacturing Process
13.1Product Overview
13.2Detailed Process Flow
13.3Various Types of Unit Operations Involved
13.4Mass Balance and Raw Material Requirements
14 Project Details, Requirements and Costs Involved
14.1Land Requirements and Expenditures
14.2Construction Requirements and Expenditures
14.3Plant Layout
14.4Plant Machinery
14.5Machinery Pictures
14.6Raw Material Requirements and Expenditures
14.7Packaging Requirements and Expenditures
14.8Utilities Requirements and Expenditures
14.9Manpower Requirements and Expenditures
14.10Other Capital Investments
15 Loans and Financial Assistance
16 Project Economics
16.1Capital Cost of the Project
16.2Techno-Economic Parameters
16.3Product Pricing and Margins Across Various Levels of the Supply Chain
16.4Taxation and Depreciation
16.5Income Projections
16.6Expenditure Projections
16.7Financial Analysis
16.8Profit Analysis
17 Key Player Profiles
Figure 1: Saudi Arabia: 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$), 2017-2022
Figure 8: Global: Low Voltage Electric Motor Market: Breakup by Power Rating (in %), 2022
Figure 9: Global: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 10: Global: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 11: Global: Low Voltage Electric Motor Market: Breakup by End-Use (in %), 2022
Figure 12: Global: Low Voltage Electric Motor Market: Breakup by Region (in %), 2022
Figure 13: Global: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 14: GCC: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2017-2022
Figure 15: GCC: Low Voltage Electric Motor Market: Breakup by Power Rating (in %), 2022
Figure 16: GCC: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 17: GCC: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 18: GCC: Low Voltage Electric Motor Market: Breakup by End-Use (in %), 2022
Figure 19: GCC: Low Voltage Electric Motor Market: Breakup by Region (in %), 2022
Figure 20: GCC: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 21: Saudi Arabia: Low Voltage Electric Motor Market: Value Trends (in Million US$), 2017-2022
Figure 22: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Power Rating (in %), 2022
Figure 23: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2022
Figure 24: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Application (in %), 2022
Figure 25: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by End Use (in %), 2022
Figure 26: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 27: Saudi Arabia: Electric Motor Industry: SWOT Analysis
Figure 28: Saudi Arabia: Electric Motor Industry: Value Chain Analysis
Figure 29: Saudi Arabia: Electric Motor Industry: Porter's Five Forces Analysis
Figure 30: Saudi Arabia: Low Voltage Electric Motor Market (Standard Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 31: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Standard Efficiency): Value Trends (in Million US$), 2023-2028
Figure 32: Saudi Arabia: Low Voltage Electric Motor Market (High Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 33: Saudi Arabia: Low Voltage Electric Motor Market Forecast (High Efficiency): Value Trends (in Million US$), 2023-2028
Figure 34: Saudi Arabia: Low Voltage Electric Motor Market (Premium Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 35: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Premium Efficiency): Value Trends (in Million US$), 2023-2028
Figure 36: Saudi Arabia: Low Voltage Electric Motor Market (Super Premium Efficiency): Value Trends (in Million US$), 2017 & 2022
Figure 37: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Super Premium Efficiency): Value Trends (in Million US$), 2023-2028
Figure 38: Saudi Arabia: Low Voltage Electric Motor Market: HVAC Applications: Value Trends (in Million US$), 2017 & 2022
Figure 39: Saudi Arabia: Low Voltage Electric Motor Market Forecast: HVAC Applications: Value Trends (in Million US$), 2023-2028
Figure 40: Saudi Arabia: Low Voltage Electric Motor Market: Oil and Gas Applications: Value Trends (in Million US$), 2017 & 2022
Figure 41: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Oil and Gas Applications: Value Trends (in Million US$), 2023-2028
Figure 42: Saudi Arabia: Low Voltage Electric Motor Market: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2017 & 2022
Figure 43: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2023-2028
Figure 44: Saudi Arabia: Low Voltage Electric Motor Market: Mining Applications: Value Trends (in Million US$), 2017 & 2022
Figure 45: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Mining Applications: Value Trends (in Million US$), 2023-2028
Figure 46: Saudi Arabia: Low Voltage Electric Motor Market: Water and Utilities Application: Value Trends (in Million US$), 2017 & 2022
Figure 47: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Water and Utilities Application: Value Trends (in Million US$), 2023-2028
Figure 48: Saudi Arabia: Low Voltage Electric Motor Market: Other Applications: Value Trends (in Million US$), 2017 & 2022
Figure 49: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Other Applications: Value Trends (in Million US$), 2023-2028
Figure 50: Saudi Arabia: Low Voltage Electric Motor Market (in Pumps and Fans): Value Trends (in Million US$), 2017 & 2022
Figure 51: Saudi Arabia: Low Voltage Electric Motor Market Forecast (in Pumps and Fans): Value Trends (in Million US$), 2023-2028
Figure 52: Saudi Arabia: Low Voltage Electric Motor Market (in Compressors): Value Trends (in Million US$), 2017 & 2022
Figure 53: Saudi Arabia: Low Voltage Electric Motor Market Forecast (in Compressors): Value Trends (in Million US$), 2023-2028
Figure 54: Saudi Arabia: Low Voltage Electric Motor Market (Other Uses): Value Trends (in Million US$), 2017 & 2022
Figure 55: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Other Uses): Value Trends (in Million US$), 2023-2028
Figure 56: Saudi Arabia: Electric Motor Market: Share of Key Players (in %)
Figure 57: Electric Motor: Major Parts and Assembly Line Operations
Figure 58: Electric Motor Assembling: Various Types of Unit Operations Involved
Figure 59: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
Figure 60: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
Figure 61: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
Figure 62: Electric Motors Manufacturing Plant: Proposed Plant Layout
Figure 63: Electric Motors Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 64: Electric Motor Manufacturing Plant: Breakup of Profit Margins at Various Level of the Supply Chain
Figure 65: Electric Motors Manufacturing Plant: 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: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by Power Rating (in Million US$), 2023-2028
Table 6: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (in Million US$), 2023-2028
Table 7: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 8: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 9: Saudi Arabia: Electric Motor Market: Competitive Structure
Table 10: Saudi Arabia: Electric Motor Market: Key Players
Table 11: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: Saudi Arabia: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
Table 14: Saudi Arabia: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (in US$/Unit)
Table 15: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Saudi Arabia: Electric Motors Manufacturing Plant: Capital Costs (in US$)
Table 18: Saudi Arabia: Electric Motors Manufacturing Plant: Techno-Economic Parameters
Table 19: Saudi Arabia: Electric Motor Manufacturing Plant: Taxation (in US$)
Table 20: Saudi Arabia: Electric Motor Manufacturing Plant: Depreciation (in US$)
Table 21: Saudi Arabia: Electric Motor Manufacturing Plant: Income Projections (in US$)
Table 22: Saudi Arabia: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
Table 23: Saudi Arabia: Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 24: Saudi Arabia: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 25: Saudi Arabia: Electric Motor Manufacturing Plant: Profitability Analysis (in US$)
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