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

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

In the year 2021, China  was the largest exporter in terms of value, followed by Italy. It has registered a growth of 94.34% over the previous year. While Italy registered a growth of 25.83% as compare to the previous year. In the year 2017 China was the largest exporter followed by France. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Morocco has the Herfindahl index of 1310 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  2173 which signifies moderately concentrated in the market.

Morocco Electric Motor Market - Export Market Opportunities

Topics Covered in the Morocco Electric Motor Market

Morocco 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.

Morocco Electric Motor Market Synopsis

Morocco Electric Motor Market is experiencing significant growth, driven by various macroeconomic and sector-specific factors. The main factors fueling this growth include the rising demand for energy-efficient electric motors in various industries (e.g., automotive, manufacturing, construction, robotics), the increasing number of construction and infrastructure development projects, and the government's support for renewable energy adoption. Electric motors are essential components of many devices, from small household appliances to complex industrial machines. In Morocco, the electric motor market is booming due to the government's efforts to reduce dependency on fossil fuels and promote sustainable development. The market offers numerous opportunities for local and international investors interested in this sector.

According to 6Wresearch, the Morocco Electric Motor Market Size is expected to grow at a CAGR of 8% during the forecast period of 2024-2030. Several drivers are driving the Morocco electric motor market growth over the years. For instance, the government's efforts to promote renewable energy and reduce greenhouse gas emissions are playing a significant role. For instance, the Moroccan Agency for Sustainable Energy (MASEN) aims to achieve a 52% share of renewable energy in the national electricity mix by 2030, which creates a huge demand for electric motors. Despite the growth prospects, the Morocco electric motor market faces several challenges that investors should be aware of. The first challenge is the high costs of importing raw materials, especially copper and aluminum, that are essential in electric motor production. Secondly, the market is quite fragmented, with many small and medium-sized local players competing for market share, which makes it challenging for new entrants to gain a foothold. One significant trend in the Morocco electric motor market is the increasing adoption of IoT-enabled smart motors that can monitor their performance and optimize energy consumption. These motors can also communicate with other devices in the production system, allowing for real-time data analysis and predictive maintenance. Another trend is the integration of electric motors with renewable energy systems, such as wind and solar power, to optimize energy efficiency. Despite the challenges, several opportunities exist for investors in the Morocco electric motor market. For instance, the growing demand for electric motors in various sectors creates new business openings, particularly for those who can offer innovative and energy-efficient solutions.

Government policies and schemes introduced in the Morocco Electric Motor Market

In Morocco, the government has implemented a range of policies and schemes to promote the adoption of electric vehicles (EVs) and support the growth of the local electric motor market. One such policy is a tax exemption on EVs and hybrid vehicles. Additionally, the Moroccan Agency for Solar Energy (MASEN) has launched several initiatives aimed at boosting the use of solar-powered EVs. This includes a pilot project to install solar charging stations in several cities across the country.

Leading players in the Morocco Electric Motor Market

The leading players in the Morocco electric motor industry include Siemens AG, Bosch Rexroth AG, and Emerson Electric Co. Siemens has a strong presence in the country, having supplied electric motors and other equipment to various infrastructure and energy projects. Bosch Rexroth and Emerson Electric are also major players, providing a range of electric motor solutions for different industries.

Market Analysis by Application

Based on Application, the industrial machinery sector dominates the Morocco Electric Motor Market Share with electric motors being widely used in pumps, conveyors, and other heavy machinery. However, the fastest-growing segment in this category is the household appliances sector, which includes electric motors used in fans, air conditioners, and refrigerators. The growing middle class in Morocco is driving demand for these appliances, creating a need for efficient and cost-effective electric motors.

Market analysis by Motor Type

According to Ravi Bhandari, Research Head, 6Wresearch, the most common types of electric motors are AC and DC motors, with AC motors being more widely used due to their reliability and ease of use. However, the hermetic motor is also growing enormously due to an increased need for energy-efficient solutions in these industries.

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:

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

Morocco Electric Motor Market (2024-2030): FAQs