Saudi Arabia Electric Motor Market (2020-2026) | Trends, Share, Forecast, Industry, Value, Segmentation, Analysis, Size, Growth, Outlook & COVID-19 IMPACT

Saudi Arabia Electric Motor Market | Country-Wise Share and Competition Analysis

In the year 2021, Sweden was the largest exporter in terms of value, followed by Italy. It has registered a growth of 150133.78% over the previous year. While Italy registered a growth of 10.67% as compare to the previous year. In the year 2017 Sweden was the largest exporter followed by China. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Saudi Arabia has the Herfindahl index of 1061 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  820 which signifies high competitiveness in the market.

Saudi Arabia Electric Motor Market - Export Market Opportunities

Latest 2023 Developments of Saudi Arabia Electric Motor Market

Saudi Arabia Electric Motor Market has accomplished significant developments, reflecting the nation’s commitment to sustainable energy solutions. The rising implementation of energy-efficient motors which support in saving electricity as well as reduce carbon emission is the major development of the market. The country has been investing in renewable energy, especially solar power and this trend also drives the demand for these motors that are used in solar panels as well as other renewable energy systems. Rise of advanced electric motor technologies which incorporate smart sensors and control systems in order to optimize performance and minimize downtime is another significant market development.

Topics Covered in Saudi Arabia Electric Motor Market Report

Saudi Arabia Electric Motor Market report thoroughly covers the market by types, power output, voltage, applications, and end-user. The market report provides an unbiased and detailed analysis of the on-going 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.

Saudi Arabia Electric Motor Market is projected to grow over the coming year. Saudi Arabia 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.

Saudi Arabia Electric Motor Market Synopsis

Saudi Arabia Electric Motor Market is projected to grow over the coming year owing to the growing implementations and sales of electric vehicles, and reduced operation costs as well as the growing demand for the products that are energy-efficient.

According to 6wresearch, the Saudi Arabia Electric Motor Market size is expected to grow during 2020-2026. The market is driven by the growing automotive industry and developing infrastructure coupled with increasing investment in the industrial sector. Increasing demand for energy-efficient products, increasing adoption and sales of electric vehicles, and reduction in operating costs are the key factors boosting the growth of the electric motor market in Saudi Arabia. The government in the country is pushing towards renewable energy sources and sustainable development. The nation has set ambitious purposes in order to decrease its reliance on gas and oil, which leads to investments in wind farms, solar power plants, as well as other green technologies. The growth of automation in many sectors also contribute to the market growth. Automation needs efficient and reliable motors in order to run machinery with accuracy and precision. These drivers are leading to the Saudi Arabia Electric Motor Market Growth.

COVID-19 Impact on Saudi Arabia Electric Motor Market

The pandemic has made it extremely difficult for the market to operate smoothly in the country since there was a strong decrease in demand for these electric motors during the pandemic. The outbreak of the coronavirus resulted in disruption of electric motors owing to the reduction in manufacturing output and industrial activities. A number of manufacturers confronted significant challenges and disruptions related to supply chain management, raw material procurement, and workforce availability during the peak. These factors definitely led to a rise in costs of production, which affected consumer prices. The market started to recover with gradual eased up over time and reopening of businesses.  

Key Players in Saudi Arabia Electric Motor Industry

Some significant players that have been stimulating the market growth are:

• ABB Ltd.
• WEG Industries SA
• Siemens AG
• Toshiba International Corporation
• Emerson Electric Co.
• Nidec Corporation
• Regal Beloit Corporation

Market by Power Output

Based on power output, the fractional horsepower segment is expected to lead the electric motor market revenue share in Saudi Arabia owing to surging deployment of motors from industries coupled with increasing investment during the forecast period. Furthermore, in Saudi Arabia, the market is expected to register a decline in the economic growth over the first quarter of 2020, on account of the coronavirus pandemic which has a worse impact on worldwide business. However, the market in Saudi Arabia is expected to recover with healthy growth in the economy during the second half of 2020-2026.

Market by End-User

According to Nikhil, Senior Research Manager, 6Wresearch, the power generation and industrial machinery segments are dominating the electric motor market revenue share in Saudi Arabia on account of surging power utility in the automotive industry, growing demand for energy-efficient systems in the manufacturing and construction industry.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2029.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Reports

• Saudi Arabia Electric Motor Market Overview
• Saudi Arabia Electric Motor Market Outlook
• Saudi Arabia Electric Motor Market Forecast
• Historical Data of Saudi Arabia Electric Motor Market Revenues and Volumes, for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues and Volumes, until 2026.
• Historical Data of Saudi Arabia Electric Motor Market Revenues and Volumes, by type, for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues and Volumes, by type, until 2026.
• Historical Data of Saudi Arabia Electric Motor Market Revenues and Volumes, by power output, for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues and Volumes, by power output, until 2026.
• Historical Data of Saudi Arabia Electric Motor Market Revenues and Volumes, by voltage, for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues and Volumes, by voltage, until 2026.
• Historical Data of Saudi Arabia Electric Motor Market Revenues and Volumes, by end-user, for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues and Volumes, by end-user, until 2026.
• Historical Data of Saudi Arabia Electric Motor Market Revenues and Volumes, by application, for the Period 2016-2019.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues and Volumes, by application, until 2026.
• Market Drivers and Restraints
• Saudi Arabia Electric Motor Market Price Trends
• Saudi Arabia Electric Motor Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Electric Motor Market Share, By Players
• Saudi Arabia Electric Motor Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• AC Electric Motor
• DC Electric Motor

By Power Output

• Integral Horsepower
• Fractional Horsepower

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage

By Applications

• Pumps
• Fans
• Compressors
• Conveyors
• Others (Centrifuges, Extruders and Winches)

By End-User

• Industrial Machinery
• HVAC Equipment
• Automobile
• Consumer Appliances
• Aerospace & Transportation
• Power generation
• Other Commercial Application (Agriculture and Mining)
•  

Saudi Arabia Electric Motor Market: FAQs