Market Forecast By Motor Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor), By Output Power, By Voltage Range (9 V & Below, 10-20 V, 21-60 V, 60 V & Above), By Application (Industrial machinery, Motor vehicles, Heating, ventilating, and cooling (HVAC) equipment, Aerospace & Transportation, Household appliances, Other), By Speed (RPM) (Low-Speed Electric Motors (Less Than 1,000 RPM), Medium-Speed Electric Motors (1,001-25,000 RPM), High-Speed Electric Motors (25,001-75,000 RPM), Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)) And Competitive Landscape
Product Code: ETC041125 | Publication Date: Jan 2021 | Updated Date: Feb 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Bahrain Electric Motor Market registered a decline of -17.39% in value shipments in 2022 as compared to 2021 and a decrease of -8.44% CAGR in 2022 throughout 2017. In Electric Motor Market Bahrain is becoming more competitive as the HHI index in 2022 was 1479 while in 2017 it was 3348. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
"Bahrain has reportedly relied more on imports to meet its growing demand in the Electric Motor Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of the Electric Motor Market in 2022 was 19.73 while in 2017 it was 58.03. India, China, Germany, Mexico and Finland were among the top players of the market in 2022, where India acquired the largest market share of 25.05% with a shipment value of 2.11 million USD in 2022 India also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Electric Motor Market. In 2017 USA had the largest market share of 50.01% with the shipment value of 8.66 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Bahrain Electric Motor Market in 2017."
Bahrain Electric Motor Market report thoroughly covers the market by motor type, by voltage range, by application, and by speed. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bahrain Electric Motor Market has been growing at an impressive pace in recent years. With increasing awareness about energy efficiency and the need to reduce carbon emissions, the demand for electric motors has been on the rise. Besides, the expansion of industries in Bahrain has led to a surge in demand for electric motors for various applications, including machines, pumps, HVAC systems, and others. The key factors Bahrain Electric Motor Market Growth include the growing demand for energy-efficient electric motors, increasing industrialization, and favourable government initiatives and policies.
According to 6Wresearch, the Bahrain Electric Motor Market size is expected to reach USD 512.2 million, growing at a CAGR of 7% during the forecast period of 2024-2030. The demand for electric motors in Bahrain is driven by various factors, including the need for energy efficiency, increasing industrialization, and government initiatives. The Bahrain government has been promoting energy-efficient products and services, including electric motors, through various measures such as subsidies, tax exemptions, and awareness campaigns. However, the Bahrain electric motor market faces several challenges, including inadequate technological infrastructure, high initial costs, and lack of skilled workforce. Addressing these barriers requires concerted efforts from various stakeholders, including manufacturers, investors, and the government. Manufacturers need to invest in research and development to improve the efficiency and affordability of electric motors.
The Bahrain electric motor industry offers immense opportunities for investors and manufacturers. With increasing awareness about the need for energy efficiency and growing industrialization, the demand for electric motors is expected to grow manifold. Besides, the expanding renewable energy sector and the government's emphasis on sustainable development provide further opportunities for the market players. The development of smart grids, electric vehicles, and other emerging technologies presents exciting prospects for the electric motor market in Bahrain.
The government has introduced several policies and schemes to attract foreign investments in various sectors, including the electric motor industry. One of such policies is the Foreign Investment Law. The government has also introduced the National Renewable Energy Action Plan. This scheme aims to increase the use of renewable energy sources and diversify the energy mix in Bahrain. The increased use of renewable energy has led to an increase in the demand for electric motors used in renewable energy applications.
The leading players in the Bahrain Electric Motor Market are Gulf Electric, Alaa Industrial Equipment Factory, Emad Electrical Manufacturing Co., and Mars Trading & Contracting Co. These companies have been at the forefront of the electric motor industry in Bahrain, providing innovative solutions to meet the needs of customers in different sectors.
According to Kapil, Senior Research Analyst, 6Wresearch, the low-speed electric motor (less than 1,000 RPM) segment is the largest, followed by medium-speed electric motors (1,001-25,000 RPM). The high-speed electric motor (25,001-75,000 RPM) and ultrahigh-speed electric motor (greater than 75,001 RPM) segments are growing, mainly due to their increased usage in aerospace and transportation applications.
In terms of voltage range, the 21-60V segment has been the leading the Bahrain Electric Motor Market Share due to its widespread adoption in industrial applications such as conveyor systems, textile machinery, and food processing machinery.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bahrain Electric Motor Market Overview |
3.1 Bahrain Country Macro Economic Indicators |
3.2 Bahrain Electric Motor Market Revenues & Volume, 2020 & 2030F |
3.3 Bahrain Electric Motor Market - Industry Life Cycle |
3.4 Bahrain Electric Motor Market - Porter's Five Forces |
3.5 Bahrain Electric Motor Market Revenues & Volume Share, By Motor Type, 2020 & 2030F |
3.6 Bahrain Electric Motor Market Revenues & Volume Share, By Voltage Range, 2020 & 2030F |
3.7 Bahrain Electric Motor Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 Bahrain Electric Motor Market Revenues & Volume Share, By Speed (RPM), 2020 & 2030F |
4 Bahrain Electric Motor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bahrain Electric Motor Market Trends |
6 Bahrain Electric Motor Market, By Types |
6.1 Bahrain Electric Motor Market, By Motor Type |
6.1.1 Overview and Analysis |
6.1.2 Bahrain Electric Motor Market Revenues & Volume, By Motor Type, 2020 - 2030F |
6.1.3 Bahrain Electric Motor Market Revenues & Volume, By Alternate Current (AC) Motor, 2020 - 2030F |
6.1.4 Bahrain Electric Motor Market Revenues & Volume, By Direct Current (DC) Motor, 2020 - 2030F |
6.1.5 Bahrain Electric Motor Market Revenues & Volume, By Hermetic Motor, 2020 - 2030F |
6.2 Bahrain Electric Motor Market, By Voltage Range |
6.2.1 Overview and Analysis |
6.2.2 Bahrain Electric Motor Market Revenues & Volume, By 9 V & Below, 2020 - 2030F |
6.2.3 Bahrain Electric Motor Market Revenues & Volume, By 10-20 V, 2020 - 2030F |
6.2.4 Bahrain Electric Motor Market Revenues & Volume, By 21-60 V, 2020 - 2030F |
6.2.5 Bahrain Electric Motor Market Revenues & Volume, By 60 V & Above, 2020 - 2030F |
6.3 Bahrain Electric Motor Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bahrain Electric Motor Market Revenues & Volume, By Industrial machinery, 2020 - 2030F |
6.3.3 Bahrain Electric Motor Market Revenues & Volume, By Motor vehicles, 2020 - 2030F |
6.3.4 Bahrain Electric Motor Market Revenues & Volume, By Heating, ventilating, and cooling (HVAC) equipment, 2020 - 2030F |
6.3.5 Bahrain Electric Motor Market Revenues & Volume, By Aerospace & transportation, 2020 - 2030F |
6.3.6 Bahrain Electric Motor Market Revenues & Volume, By Household appliances, 2020 - 2030F |
6.3.7 Bahrain Electric Motor Market Revenues & Volume, By Other, 2020 - 2030F |
6.4 Bahrain Electric Motor Market, By Speed (RPM) |
6.4.1 Overview and Analysis |
6.4.2 Bahrain Electric Motor Market Revenues & Volume, By Low-Speed Electric Motors (Less Than 1,000 RPM), 2020 - 2030F |
6.4.3 Bahrain Electric Motor Market Revenues & Volume, By Medium-Speed Electric Motors (1,001-25,000 RPM), 2020 - 2030F |
6.4.4 Bahrain Electric Motor Market Revenues & Volume, By High-Speed Electric Motors (25,001-75,000 RPM), 2020 - 2030F |
6.4.5 Bahrain Electric Motor Market Revenues & Volume, By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM), 2020 - 2030F |
7 Bahrain Electric Motor Market Import-Export Trade Statistics |
7.1 Bahrain Electric Motor Market Export to Major Countries |
7.2 Bahrain Electric Motor Market Imports from Major Countries |
8 Bahrain Electric Motor Market Key Performance Indicators |
9 Bahrain Electric Motor Market - Opportunity Assessment |
9.1 Bahrain Electric Motor Market Opportunity Assessment, By Motor Type, 2020 & 2030F |
9.2 Bahrain Electric Motor Market Opportunity Assessment, By Voltage Range, 2020 & 2030F |
9.3 Bahrain Electric Motor Market Opportunity Assessment, By Application, 2020 & 2030F |
9.4 Bahrain Electric Motor Market Opportunity Assessment, By Speed (RPM), 2020 & 2030F |
10 Bahrain Electric Motor Market - Competitive Landscape |
10.1 Bahrain Electric Motor Market Revenue Share, By Companies, 2023 |
10.2 Bahrain Electric Motor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |