Cambodia Electric Motor Market (2024-2030) | Outlook, Companies, Growth, Industry, Forecast, Trends, Revenue, Analysis, Value, Size & Share

Cambodia Electric Motor Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Vietnam. It has registered a growth of 297.39% over the previous year. While Viet Nam registered a growth of 2291.51% as compared to the previous year. In the year 2017, Thailand was the largest exporter followed by China. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Cambodia has a Herfindahl index of 5035 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  9468 which signifies high concentration in the market.

Cambodia Electric Motor Market - Export Market Opportunities

Topics Covered in the Cambodia Electric Motor Market

Cambodia 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.

Cambodia Electric Motor Market Synopsis

Cambodia Electric Motor Market shows great potential for growth, mainly driven by the country's increasing automation and government initiatives for sustainable energy. While it still faces several challenges, Cambodia electric motor market presents several opportunities for companies to expand their business. As the country continues to advance economically, its electric motor sector is expected to keep up with this pace. The market is primarily driven by the export-oriented manufacturing sector, where the majority of the country's electric motor production goes to. 

According to 6Wresearch, the Cambodia Electric Motor Market Size is expected to grow at a CAGR of 10%, reaching a value of $1.9 billion during the forecast period of 2024-2030. The growth is attributed to the rise of automation in Cambodia's manufacturing sector, which shifted the demand from fossil-fueled motors to energy-efficient electric motors. Despite its promising growth, Cambodia electric motor market growth is hindered by the lack of technological advancements, an insufficient skilled workforce, and intense competition from neighboring countries. Moreover, the country’s electricity infrastructure often faces supply shortages, which hinders the growth of its electric motor industry.

 However, Cambodia electric motor market presents a plethora of opportunities for potential investors. With its growing manufacturing industry and government initiatives, electric motor companies can seize the opportunity to expand their business in Cambodia. Additionally, the country's push for renewable energy opens a new market for electric motor manufacturers, particularly for the agricultural sector.

Government policies and schemes introduced in the Cambodia Electric Motor Market 

Cambodia has introduced several policies aimed at promoting the use of renewable energy sources such as solar and hydropower. These policies have not only helped reduce the country's carbon footprint but also created opportunities for the electric motor market. Renewable energy sources require energy-efficient and reliable electric motors to convert energy into electricity. This demand has boosted the production and sales of electric motors in Cambodia, making it a key player in the market. The government has also introduced tax incentives for companies that use energy-efficient electric motors. The incentives are aimed at encouraging companies to upgrade their current motors to more energy-efficient ones, thus reducing the country's overall energy consumption.

This policy has been successful in boosting sales of energy-efficient motors, thus creating a thriving market for electric motors in Cambodia. The Ministry of Industry, Science, Technology, and Innovation (MISTI) of Cambodia has also launched the Green Product Labeling Program. This program aims to promote environmentally friendly products, including electric motors. The program identifies and certifies products that meet specific environmental standards, providing consumers with information on the environmental impact of their purchases. 

Leading players in the Cambodia Electric Motor Market

The Cambodia Electric Motor Industry is dominated by local manufacturers such as KSO Electric, KATO Engineering, and ICS-Khmer. These companies have gained market share by producing quality motors at affordable prices. Additionally, foreign players such as Siemens and Mitsubishi Electric have also entered the market and have been successful in providing advanced technology motors to large companies operating in Cambodia.

Market Analysis by Voltage Range

According to Shivankar, Research Manager, 6Wresearch, the 21-60 V segment has been growing at the fastest rate, particularly in industrial machinery and motor vehicle applications, where high power and torque are required to drive heavy loads. 

Market Analysis by Application

In terms of Application, the industrial machinery has been the dominant application segment as they require a wide variety of electric motors to cater to different types of machinery where processes like cutting, grinding, and drilling require high torque motors. Additionally, the household appliances and HVAC segments have also been growing at a significant rate in the past few years, driven by an increasing demand for energy-efficient and eco-friendly electric motors.

Market Analysis by Speed

By Speed, the low-speed electric motor segment has been the dominating the Cambodia Electric Motor Market Share over the years, particularly in household appliances and medical equipment, where low power and torque are required. The Medium-Speed Electric Motors segment has also shown steady growth in industrial machinery, HVAC equipment, and motor vehicles.

Key Attractiveness of the Report 

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Cambodia Electric Motor Market Outlook
• Market Size of Cambodia Electric Motor Market, 2023
• Forecast of Cambodia Electric Motor Market, 2030
• Historical Data and Forecast of Cambodia Electric Motor Revenues & Volume for the Period 2020 - 2030
• Cambodia Electric Motor Market Trend Evolution
• Cambodia Electric Motor Market Drivers and Challenges
• Cambodia Electric Motor Price Trends
• Cambodia Electric Motor Porter's Five Forces
• Cambodia Electric Motor Industry Life Cycle
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Motor Type for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Voltage Range for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By 10-20 V for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By 21-60 V for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Industrial Machinery for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Motor Vehicles for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Heating, ventilating, and cooling (HVAC) equipment for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Household Appliances for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Other for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2020 - 2030
• Historical Data and Forecast of Cambodia Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2020 - 2030
• Cambodia Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• Cambodia Electric Motor Top Companies Market Share
• Cambodia Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• Cambodia Electric Motor Company Profiles
• Cambodia Electric Motor Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Hermetic Motor

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))

Cambodia Electric Motor Market (2024-2030): FAQs