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

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

In the year 2021, China  was the largest exporter in terms of value, followed by Germany. It has registered a growth of 59.65% over the previous year. While Germany registered a growth of 42.99% as compare to the previous year. In the year 2017 China was the largest exporter followed by South Africa. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Tanzania has the Herfindahl index of 1545 in 2017 which signifies moderate concentration also in 2021 it registered a Herfindahl index of  2950 which signifies high concentration in the market.

Tanzania Electric Motor Market - Export Market Opportunities

 

Topics Covered in the Tanzania Electric Motor Market

Tanzania 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.

Tanzania Electric Motor Market Synopsis

Tanzania Electric Motor Market is expected to grow, driven by the growing demand for electric vehicles, along with the increasing adoption of renewable energy sources and energy-efficient technologies. Furthermore, the government's efforts to promote industrialization and infrastructure development have also contributed to the Tanzania Electric Motor Market Growth.

According to 6Wresearch, the Tanzania Electric Motor Market Size is projected to grow at a CAGR of 7% during the forecast period of 2024-2030. The government is encouraging the use of electric motors in various industries, including textiles, food and beverage, and construction. This is in line with Tanzania's National Development Vision 2025, which aims to transform Tanzania into a semi-industrialized nation. The increasing emphasis on energy efficiency and sustainable development is also a significant driver of the electric motor market. Despite the growth opportunities, Tanzania electric motor industry faces several challenges. One of the main challenges is the lack of reliable power supply, which affects the efficiency of electric motors and increases operational costs. Furthermore, the high cost of imported electric motor components and the limited availability of local suppliers hinder the growth of the market. The lack of skilled technicians and engineers also poses a challenge to the industry. Moreover, one of the emerging trends shaping the Tanzania electric motor market share is the adoption of IoT-enabled electric motors. These motors can be remotely monitored and controlled, helping to improve the efficiency and performance of industrial machinery. Another trend is the increasing use of lithium-ion batteries, which offer higher energy density and longer lifespan compared to traditional lead-acid batteries. Despite the challenges, Tanzania electric motor market offers several opportunities, especially for local entrepreneurs and investors. The growing demand for electric motors in various industries presents a chance for local suppliers to establish themselves in the market.

Government policies and schemes introduced in the Tanzania Electric Motor Market

The government of Tanzania has introduced several policies and schemes to support the landlocked country's electric motor market. Firstly, the Tanzanian Investment Act, 1997, provides incentives for foreign investors looking to invest in the production of electric motors in Tanzania. These incentives include corporate tax exemptions for up to five years, permission for 100% foreign ownership, and the ability to remit profits and dividends without restrictions. Secondly, the Tanzanian government introduced the Fiscal Incentives for Industrial Development Act, 2016, to provide several fiscal incentives to industrial investors, including rebates and exemptions from import duties on machinery, equipment, and raw materials. The Fiscal Incentives Act aims to lower the costs of producing electric motors in Tanzania and improve its competitiveness in the market.

Leading players in the Tanzania Electric Motor Market

The Tanzania Electric Motor Industry has some leading players. One of those players is Simba Corporation Limited, an East African conglomerate that manufactures and distributes electric motors. Simba Corporation Limited is a well-known brand, having been in business for over 60 years in the region. The company has ventured into manufacturing electric motors under its division known as Simba Power Products, a subsidiary involved in the production of diesel and electric generators, water pumps, and other industrial equipment. Another player in the Tanzania Electric Motor Market is CFAO Equipment, a supplier of a wide variety of machinery, vehicles, and industrial equipment throughout Africa. CFAO Equipment offers electric motors to various industries, including the mining and construction sectors.

Market Analysis by Application

In terms of Application, the industrial machinery and HVAC equipment sectors are the leading consumers of electric motors in Ghana. The HVAC equipment segment is rapidly growing due to the increase in demand for air conditioning systems for commercial and residential buildings.

Market analysis by Motor Type

According to Nitesh Kumar, Research Manager, 6Wresearch, the AC motor is the fastest-growing segment in the market due to its efficiency and high-torque capability. These motors are widely used in the automotive sector, machinery, and heating, ventilation, and air conditioning (HVAC) equipment.

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:

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

Tanzania Electric Motor Market (2024-2030): FAQs