Title: Saudi Arabia Electric Motor Market Share, Size, Price Trends And Forecast Report 2017-2022
1 Saudi Arabia Electric Motor Market Fostered by
Increasing Power Consumption
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3Report Description and Highlights
Report Description
Saudi Arabia Electric Motor Market Fostered by
Increasing Power Consumption The Saudi Arabia
electric motor market has been witnessing a
positive growth. This is due to the increasing
governmental support towards large-scale
investments and establishment of new industries
in the water and power utility sectors. The
latest report by IMARC Group, titled Saudi
Arabia Electric Motor Market Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2017-2022, finds that the Saudi Arabia Electric
Motor market reached a value of more than US 420
Million in 2016. Electric Motor transforms
electrical energy into mechanical energy and is
used for producing linear or rotary force. These
motors can be powered through direct current
sources which include batteries, motor vehicles
and rectifiers and alternating current sources
such as inverters, generators and power grid.
These motors offer numerous advantages such as
durability, high operating life, easy
installation of automated controls and reduced
requirement of labour. Apart from this, they have
low initial cost and do not need any engine oil
maintenance, or fuel and battery
service. Request Sample of the Report
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4Report Description and Highlights
Report Description
5Report Description and Highlights
Report Description
- Highlights of the Saudi Arabia electric motor
market - Growth of public infrastructure and government
support for the investment in water and utility
sectors act as major factors of growth. - HVAC holds the largest market share in the end
use industry segment. - IE2 hold the majority market share, representing
clear dominance in efficiency segment. - The growth of the Saudi Arabia electric motor
market is majorly driven by thriving construction
sector in the region. Due to inflating incomes
and rapid urbanisation, there have been heavy
investments in the transport infrastructure
including airports, seaports, high-speed rail
lines and road construction projects. This has,
in turn, proliferated the demand for electric
motors in Saudi Arabia. In addition to this,
rising number of oil rigs and power plants have
resulted in a surge in the demand for electric
motors in the country. Moreover, other factors
such as government policies encouraging the use
of energy-efficient motors and a high demand for
AC motors across various industries have also
bolstered the market growth. As a result, the
Saudi Arabia electric motor market is further
expected to reach a value of more than US 595
Million, exhibiting a CAGR of around 6 during
2017-2022. - Read full report _at_ http//www.imarcgroup.com/saud
i-arabia-electric-motor-market
6Report Description and Highlights
Report Description
- On the basis of efficiency, IE2 currently
exhibits a clear dominance in the market,
followed by IE3, IE1 and IE4. Based on end-use
industry, HVAC represents the largest end-use
industry on account of extreme climatic
conditions in the country. It is followed by oil
and gas, food and beverage, mining, and water and
utilities. On the basis of application, pumps and
fans accounts for the majority of the total
global share, followed by compressors. The
competitive landscape of the market has also been
analysed with some of the key players operating
in the market being ABB, Siemens, WEG Industries,
NIDEC Corporation and TECO Middle East Electrical
Machinery Co. Ltd. - The report by IMARC Group has examined the Saudi
Arabia electric motor market on the basis of - Efficiency
- IE2
- IE3
- IE1
- IE4
- End-Use Industry
- HVAC
- Oil and Gas
-
-
7Report Description and Highlights
Report Description
- Food and Beverage
- Mining
- Water and Utilities
- Application
- Pumps and Fans
- Compressors
- Key Players
- ABB
- Siemens
- WEG Industries
- NIDEC Corporation
- TECO Middle East Electrical Machinery Co. Ltd.
- Browse more related reports http//www.imarcgroup.
com/categories/technology-market-reports
8Report Description and Highlights
Report Description
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