Kuwait Electric Motor Market (2020-2026) | Growth, Size, Share, Trends, Industry, Companies, Forecast, Analysis, Value, Revenue, COVID-19 IMPACT & Outlook

Market Forecast By Voltage (Low, Medium, High), By Types (AC, DC), By Applications (Pump, Fan, Conveyor, Compressors & Others), By End-Users (Industrial Processing, Commercial HVAC, Automotive, Consumer Appliances, Power Generation & Others (Defense, Agriculture, Waste Water Management)) and competitive landscape

Product Code: ETC002393 Publication Date: Apr 2020 Updated Date: Nov 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Kuwait Electric Motor Market Shipment Analysis

Kuwait Electric Motor Market registered a growth of 35.98% in value shipments in 2021 as compared to 2020 and a decrease of -4.92% CAGR in 2021 over a period of 2017. In Electric Motor Market Kuwait is becoming less competitive as HHI index in 2021 was 1092 while in 2017 it was 706. 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.

Kuwait has reportedly relied more on imports to meet its growing demand in Electric Motor Market. Kuwait is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Electric Motor Market in 2021 was 38.09 while in 2017 it was 31.78. Saudi Arabia, Thailand, Mexico, Italy and USA were among the top players of the market in 2021, where Saudi Arabia acquired the largest market share of 17.61% with a shipment value of 5.21 million USD in 2022 Saudi Arabia 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 11.16% with the shipment value of 3.12 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 Kuwait Electric Motor Market in 2017.

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

In the year 2021, Saudi Arabia  was the largest exporter in terms of value, followed by Thailand. It has registered a decline of -54.92% over the previous year. While Thailand registered a decline of -79.55% as compare to the previous year. In the year 2017 USA was the largest exporter followed by Korea. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Kuwait has the Herfindahl index of 706 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1768 which signifies moderately concentrated in the market.

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

Kuwait Electric Motor Market - Export Market Opportunities

Kuwait Electric Motor Market - Export Market OpportunitiesKuwait Electric Motor Market Synopsis

Kuwait Electric Motor Market is projected to grow over the coming year. Kuwait Electric Motor Market report is a part of our periodical regional publication Middle East Electric Motor Market outlook report. 6W tracks electric motor market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Electric Motor Market outlook report annually.

Kuwait electric motor market is expected to witness tremendous growth due to the increasing penetration of electric vehicles, rising fuel prices creating demand for electric motors, need to reduce operational costs and carbon footprint, low power consumption property of electric motors, increased operational life along with low maintenance costs would boost the electric motor market growth.

According to 6Wresearch, Kuwait Electric Motor Market size is anticipated to register substantial growth during the forecast period 2020-2026. The Kuwait economic growth is expected to witness a downfall during the initial months of 2020 due to the outbreak of coronavirus pandemic adversely impacting the electric motor market growth. Though, the Kenya economy is expected to revive during 2021 as the government aims at developing and modernizing the overall infrastructure of the country in align with Kuwait’s New Vision 2035. Additionally, the upcoming construction projects such as Kuwait Towers, House of Mirrors, Kuwait National Museum, Liberation Tower, and several others would promote the sales of electric motors in the coming years.

Based on end-user, the automotive industry would acquire a major market share owing to rising demand for cleaner vehicles, increasing penetration of electric vehicles such as electric and hybrid cars, bustling tourism and increasing imports of automotive vehicles would escalate the growth of the electric motor market in the automotive sector in the country.

Kuwait Electric motor market report thoroughly covers the market by voltage, types, applications, and end-users. Kuwait Electric motor market outlook report provides an unbiased and detailed analysis of the on-going Kuwait Electric motor 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.

Key Highlights of the Report:

  • Kuwait Electric motor Market Overview
  • Kuwait Electric motor Market Outlook
  • Kuwait Electric motor Market Forecast
  • Kuwait Electric motor Market Size
  • Historical Data of Kuwait Electric motor Market Revenues, for the Period 2016-2019
  • Kuwait Electric motor Market Forecast of Revenues, Until 2026
  • Historical Data of Kuwait Electric motor Market Revenues, By Voltage, for the Period 2016-2019
  • Market Size & Forecast of Kuwait Electric motor Market Revenues, By Voltage, until 2026
  • Historical Data of Kuwait Electric motor Market Revenues, By Types, for the Period 2016-2019
  • Market Size & Forecast of Kuwait Electric motor Market Revenues, By Types, until 2026
  • Historical Data of Kuwait Electric motor Market Revenues, By Applications, for the Period 2016-2019
  • Market Size & Forecast of Kuwait Electric motor Market Revenues, by Applications, until 2026
  • Historical Data of Kuwait Electric motor Market Revenues, by End-Users, for the Period 2016-2019
  • Market Size & Forecast of Kuwait Electric motor Market Revenues, by End-Users, until 2026
  • Market Drivers and Restraints
  • Kuwait Electric motor Market Trends
  • Market Opportunity Assessment
  • Kuwait Electric motor Market Share, By Players
  • Kuwait Electric motor Market Share, By Regions
  • Kuwait Electric motor Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

Kuwait Electric motor Market report provides a detailed analysis of the following market segments:

  • By Voltage:
    • Low
    • Medium
    • High
  • By Types:
    • AC
    • DC
  • By Applications:
    • Pump
    • Fan
    • Conveyor
    • Compressors
    • Others
  • By End-Users:
    • Industrial Processing
    • Commercial HVAC
    • Automotive
    • Consumer Appliances
    • Power Generation
    • Others (Defense, Agriculture, Waste Water Management)

Other Key Related Reports Include:

  • Nigeria Electric motor Market Report
  • Saudi Arabia Electric motor Market Report
  • India Electric motor Market Report
  • Algeria Electric motor Market Report
  • Qatar Electric motor Market Report
  • United Arab Emirates Electric motor Market Report
  • Kenya Electric motor Market Report
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of The Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. Kuwait Electric Motor Market Overview

3.1. Kuwait Country Indicators

3.2. Kuwait Electric Motor Market Revenues, 2016-2026F

3.3. Kuwait Electric Motor Market Revenue Share, By Voltage, 2019 & 2026F

3.4. Kuwait Electric Motor Market Revenue Share, By Types, 2019 & 2026F

3.5. Kuwait Electric Motor Market Revenue Share, By Applications, 2019 & 2026F

3.6. Kuwait Electric Motor Market Revenue Share, By End-Users, 2019 & 2026F

3.7. Kuwait Electric Motor Market - Industry Life Cycle

3.8. Kuwait Electric Motor Market - Porter’s Five Forces

4. Kuwait Electric Motor Market Dynamics

4.1. Impact Analysis

4.2. Market Drivers

4.3. Market Restraints

5. Kuwait Electric Motor Market Trends

6. Kuwait Electric Motor Market Overview, By Voltage

6.1. Kuwait Low Voltage Electric Motor Market Revenues, 2016-2026F

6.2. Kuwait Medium Voltage Electric Motor Market Revenues, 2016-2026F

6.3. Kuwait High Voltage Electric Motor Market Revenues, 2016-2026F

7. Kuwait Electric Motor Market Overview, By Types

7.1. Kuwait Electric Motor Market Revenues, By AC Type, 2016-2026F

7.2. Kuwait Electric Motor Market Revenues, By DC Type, 2016-2026F

8. Kuwait Electric Motor Market Overview, By Applications

8.1. Kuwait Electric Motor Market Revenues, By Pump Application, 2016-2026F

8.2. Kuwait Electric Motor Market Revenues, By Fan Application, 2016-2026F

8.3. Kuwait Electric Motor Market Revenues, By Conveyor Application, 2016-2026F

8.4. Kuwait Electric Motor Market Revenues, By Compressors Application, 2016-2026F

8.5. Kuwait Electric Motor Market Revenues, By Other Applications, 2016-2026F

9. Kuwait Electric Motor Market Overview, By End-Users

9.1. Kuwait Electric Motor Market Revenues, By Industrial Processing, 2016-2026F

9.2. Kuwait Electric Motor Market Revenues, By Commercial HVAC, 2016-2026F

9.3. Kuwait Electric Motor Market Revenues, By Automotive, 2016-2026F

9.4. Kuwait Electric Motor Market Revenues, By Consumer Appliances, 2016-2026F

9.5. Kuwait Electric Motor Market Revenues, By Power Generation, 2016-2026F

9.6. Kuwait Electric Motor Market Revenues, By Others, 2016-2026F

10. Kuwait Electric Motor Market - Key Performance Indicators

11. Kuwait Electric Motor Market - Opportunity Assessment

11.1. Kuwait Electric Motor Market Opportunity Assessment, By Types, 2026F

11.2. Kuwait Electric Motor Market Opportunity Assessment, By Applications, 2026F

12. Kuwait Electric Motor Market Competitive Landscape

12.1. Kuwait Electric Motor Market Revenue Share, By Companies, 2019

12.2. Kuwait Electric Motor Market Competitive Benchmarking, By Operating & Technical Parameters

13. Company Profiles

14. Key Recommendations

15. Disclaimer

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