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

Topics Covered in the Middle East & Africa (MEA) Electric Motor Market

Middle East & Africa (MEA) Electric Motor Market report thoroughly covers the market by voltage, by types, by applications, by end-users, and by country. 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.

Middle East & Africa (MEA) Electric Motor Market Synopsis

Middle East & Africa (MEA) Electric Motor Market is witnessing stimulating shift with the focus on sustainable technology. The demand for electric motors has been on a steady rise, owing to the growing demand for energy-efficient vehicles and low-cost alternative energy solutions. The global shift towards electric mobility has triggered a significant push for electric motor production.

According to 6Wresearch, the Middle East & Africa (MEA) Electric Motor Market size is constantly evolving with expected CAGR of 5.08% during the forecast period of 2024-2030. The primary driver of the Middle East & Africa (MEA) Electric Motor Market Growth is the growing concern for the environment and the need for energy-efficient solutions. Governments across the region are promoting electric mobility and investing in the development of charging infrastructure, providing tax incentives, and rebates for EV purchases. Moreover, the enormous oil reserves in the region have made the transition to electric vehicles more important as they seek to diversify their economies. One of the most significant challenges in the Middle East & Africa (MEA) Electric Motor Industry is the need for up-front investment. Electric vehicles are still more expensive than gasoline cars and often require additional charging infrastructure. Additionally, there is a lack of adequate infrastructure and regulatory support, which poses difficulties for widespread adoption. The MEA Electric Motor Market is experiencing significant growth with new players entering the market, and traditional manufacturers expanding their presence. The region is looking to establish itself as a hub for EV innovation and production, with Tesla choosing the UAE as its first Middle Eastern showroom. The Middle East & Africa (MEA) Electric Motor Market offers tremendous potential, with significant opportunities for growth in the coming years. The region is an untapped market for EVs, with a population of over 1.3 billion people, many of whom are transitioning from traditional gasoline cars. The region's high temperatures offer unique challenges to the development of EV batteries and charging systems, which present new opportunities for innovative technologies to emerge.

Government policies and schemes introduced in the Middle East & Africa (MEA) Electric Motor Market

The Middle East and Africa (MEA) regions have enjoyed a significant surge in electric motor market growth in recent years. In MEA, the electric motor market is continuing to advance at a fast pace. The governments of various countries are taking steps to develop policies and partnerships with private organizations to ensure they can reap the benefits of this industry. One such initiative is the launch of the Saudi Vision 2030 program, which aims to boost the sales of electric cars. The program aims to achieve a sustainable energy mix in Saudi Arabia, which will result in significant growth in the demand for electric motors over the next decade. The United Arab Emirates (UAE) has also introduced an electric vehicle initiative and offers incentives, such as free registration and free electricity charging, to promote the use of electric cars. In Africa, countries like Egypt, Nigeria, and South Africa have recognized the importance of sustainable energy sources such as solar and wind power. They have been working towards increasing their power generation capacity from renewable resources and are, therefore, creating a demand for electric motors.

Prominent players in the Middle East & Africa (MEA) Electric Motor Market

Middle East & Africa (MEA) Electric Motor Market highly fragmented with some of the leading players which include Toshiba Corporation, Siemens AG, ABB Ltd., Johnson Electric Holdings Ltd., and WEG Industries SA. They possess not only technological capabilities but also a broad range of electric motor products. Furthermore, these industry giants are investing in research and development, acquiring other players in the industry, and embracing newer technologies, such as blockchain, to match and exceed customer expectations.

Market Analysis by Type

By Type, AC electric motors are expected to dominate the Middle East & Africa (MEA) Electric Motor Market Share due to their increasing use in HVAC equipment, automobile, and power generation industries.

Market Analysis by Voltage

By Voltage, the low voltage electric motors hold the largest share of the market due to their high-level application in various industries. The market for medium and high voltage electric motors, however, is expected to grow at a higher CAGR during the forecast period.

Market Analysis by Power Output

According to Kapil, Senior Research Analyst, 6Wresearch, the fraction hp segment is expected to grow at a higher rate during the forecast period due to the increasing demand in the consumer appliances industry.

Market Analysis by End-User

By End-User, the industrial machinery segment is expected to hold the largest share of the market, followed by HVAC equipment and the automobile industry.

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

• The Middle East & Africa (MEA) Electric Motor Market Overview
• The Middle East & Africa (MEA) Electric Motor Market Outlook
• The Middle East & Africa (MEA) Electric Motor Market Forecast
• Historical Data of the Middle East & Africa (MEA) Electric Motor Market Revenues for the Period 2020 - 2030
• The Middle East & Africa (MEA) Electric Motor Market Size and Forecast of Revenues, until 2030
• Historical Data of Middle East & Africa (MEA) Electric Motor Market Revenues, by Voltage, for the Period 2020 - 2030
• Market Size & Forecast of Middle East & Africa (MEA) Electric Motor Market Revenues, by Voltage, until 2030
• Historical Data of Middle East & Africa (MEA) Electric Motor Market Revenues, by Type, for the Period 2020 - 2030
• Market Size & Forecast of Middle East & Africa (MEA) Electric Motor Market Revenues, by Type, until 2030
• Historical Data of Middle East & Africa (MEA) Electric Motor Market Revenues, by Power Output, for the Period 2020 - 2030
• Market Size & Forecast of Middle East & Africa (MEA) Electric Motor Market Revenues, by Power Output, until 2030
• Historical Data of Middle East & Africa (MEA) Electric Motor Market Revenues, by Application, for the Period 2020 - 2030
• Market Size & Forecast of Middle East & Africa (MEA) Electric Motor Market Revenues, by Application, until 2030
• Historical Data of Middle East & Africa (MEA) Electric Motor Market Revenues, by End-User, for the Period 2020 - 2030
• Market Size & Forecast of Middle East & Africa (MEA) Electric Motor Market Revenues, by End-User, until 2030
• Historical Data of Middle East & Africa (MEA) Electric Motor Market Revenues, by Country, for the Period 2020 - 2030
• Market Size & Forecast of Middle East & Africa (MEA) Electric Motor Market Revenues, by Country, until 2030
• Historical Data of UAE Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of UAE Electric Motor Market Revenues, until 2030.
• Historical Data of Saudi Arabia Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Saudi Arabia Electric Motor Market Revenues, until 2030.
• Historical Data of Qatar Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Qatar Electric Motor Market Revenues, until 2030.
• Historical Data of Bahrain Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Bahrain Electric Motor Market Revenues, until 2030.
• Historical Data of Kuwait Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Kuwait Electric Motor Market Revenues, until 2030.
• Historical Data of Nigeria Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Nigeria Electric Motor Market Revenues, until 2030.
• Historical Data of Egypt Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Egypt Electric Motor Market Revenues, until 2030.
• Historical Data of Turkey Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Turkey Electric Motor Market Revenues, until 2030.
• Historical Data of Oman Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of Oman Electric Motor Market Revenues, until 2030.
• Historical Data of South Africa Electric Motor Market Revenues, for the Period 2020 - 2030.
• Market Size & Forecast of South Africa Electric Motor Market Revenues, until 2030.
• Market Drivers and Restraints
• The Middle East & Africa (MEA) Electric Motor Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• The Middle East & Africa (MEA) Electric Motor Market Share, By Regions
• The Middle East & Africa (MEA) Electric Motor Market Share, By Players
• The Middle East & Africa (MEA) Electric Motor Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

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

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage

By Type

• AC Electric Motor
• DC Electric Motor

By Power Output

• Integral HP
• Fractional HP

By Application

• 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)

By Country

• Saudi Arabia
• UAE
• Oman
• Bahrain
• Kuwait
• Qatar
• Turkey
• Egypt
• South Africa
• Nigeria
• Rest of the Middle East and Africa

Middle East & Africa Electric Motor Market (2024-2030): FAQs