The latest report by IMARC Group, titled “GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the GCC electric motor market reached a value of more than US$ 750 Million in 2016. Since the invention of electricity, electric motors have brought about the biggest advancements in the field of engineering and technology. Electric motors refer to electrical machines which transform electrical energy into mechanical energy. These motors can be powered through direct current sources including motor vehicles, rectifiers and batteries; and alternate current sources which include inverters, power grid and generators. Additionally, these motors can be utilised as generators for converting mechanical energy into electric power. These motors offer numerous advantages such as long operating life, low energy consumption, low maintenance cost and high endurance for fluctuating voltages.
Highlights of the GCC electric motor market:
- Expanding industrial sector in the GCC region is the primary driving factor.
- HVAC represents the largest end-use industry, accounting for the majority of the market share.
- Saudi Arabia dominates the market supported by increasing exports to other gulf countries.
On the basis of efficiency, IE2 currently exhibits a clear dominance in the market which is followed by IE3, IE1 and IE4. Based on end-use industry, HVAC represents the largest end-use industry of electric motor market. It is followed by oil and gas, food and beverage, mining, and water and utilities. On the basis of application, electric motors are mostly used in pumps and fans followed by compressors. Region-wise, Saudi Arabia accounts for the majority of the total share in GCC as a result of rising exports to other gulf countries. Other major regions include UAE, Oman, Qatar, Kuwait and Bahrain. 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.
Read full report with TOC: https://www.imarcgroup.com/gcc-electric-motor-market
The report by IMARC Group has examined the GCC electric motor market on the basis of:
Efficiency
- IE2
- IE3
- IE1
- IE4
End-Use Industry
- HVAC
- Oil and Gas
- Food and Beverage
- Mining
- Water and Utilities
Application
- Pumps and Fans
- Compressors
- Saudi Arabia
- UAE
- Oman
- Qatar
- Kuwait
- Bahrain
Key Players
- ABB
- Siemens
- WEG Industries
- NIDEC Corporation
- TECO Middle East Electrical & Machinery Co. Ltd.
Browse related reports:
UAE Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
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