October 18th, 2022
GCC Electric Motor Market: Market Size, Share, Trends, Industry Analysis, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC electric motor market based on its segments including type, end-use, and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Download a free sample report to get detailed insight about the market:
Electric motors refer to electromechanical devices that convert electrical energy to mechanical energy by employing electromagnetic phenomena. They are durable, consume less energy, require low maintenance, and have high endurance for fluctuating voltages. There are several types of electric motors, such as brushless DC motors, brushed DC motors, synchronous AC motors, induction AC motors, etc. Based on the voltage, electric motors are available in three varieties: high voltage, medium voltage, and low voltage. Moreover, the cost of these electric motors is lower than fossil fuel engines. As a result, electric motors find widespread applications across various industries ranging from automobiles to oil and gas, where they are installed in industrial fans, electric cars, compressors, machine tools, domestic appliances, hard disk drives, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience, and overall performance of businesses.
GCC Electric Motor Products Industry Trends and Drivers:
The increasing demand for commercial and industrial heating, ventilation, and air conditioning (HVAC) units is primarily driving the GCC electric motor market. Furthermore, the rising sales of passenger vehicles, supported by the growing purchasing power of consumers and the improving standard of living, is further catalyzing the market for electric motors in the region. Apart from this, the escalating need for electric motors in large industrial plants to replace conventional gas turbines is acting as another significant growth-inducing factor. Moreover, the introduction of several favorable policies by government bodies for promoting the adoption of electric vehicles and reducing carbon emissions is also impelling the demand for electric motors across the GCC region. Besides this, various other factors, such as the expanding industrial automation and the ongoing R&D activities to introduce energy-efficient motors to meet the minimum energy performance standards (MEPS), are expected to drive the GCC electric motor market in the coming years.
Browse complete report with tables of contents and list of figures & tables:
GCC Electric Motor Market Segmentation:
The market is segmented on the basis of type, end-use, and region.
Middle East and Africa
The report also provides insights on the competitive landscape of the electric motor with the leading players profiled in the report.
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