DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to Research and Markets' offering.
According to the report titled Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022, the Saudi Arabia electric motor market reached a value of US$ 420 Million in 2016.
Electric motors are used as a component in the production of pumps, fans and compressors which are further used in HVAC systems. Due to extreme climatic conditions in the country, the demand for HVAC systems is rising, thereby propelling the growth of the electric motors market. Further, government policies to support the establishment of new industries have resulted in the growth of industrial and infrastructural activities, in turn, contributing to the market growth. Moreover, large-scale investments in the construction activities along with upcoming projects such as NEOM and Saudi Vision 2030 are rising energy requirements, therefore creating a bigger market for electric motors. According to the report, the market is projected to reach a value of nearly US$ 600 Million by 2022, growing at a CAGR of 6% during 2017-2022.
The report has segmented the market on the basis of efficiency in IE2, IE3, IE1 and IE4. Amongst these, IE2 efficiency motors dominate the market, accounting for the majority of the total share. On the basis of end-use, the HVAC sector is the largest segment, followed by oil and gas, food and beverage, mining, and water and utilities. The market is also segmented on the basis of application, wherein pumps and fans represent the leading market, followed by compressors.
Companies Mentioned
- Alma Lasers
- Cynosure
- Lumenis
- Meridian
- Syneron Medical
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Electric Motor Market
6 Global Low Voltage Electric Motor Market
7 GCC Low Voltage Electric Motor Market
8 Saudi Arabia Low Voltage Electric Motor Market
9 Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Efficiency
10 Saudi Arabia Electric Motor (Low Voltage) Market: Performance by End-Use Industry
11 Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Applications
12 Competitive Landscape
13 Electric Motor Manufacturing Process
14 Project Details, Requirements and Costs Involved
15 Loans and Financial Assistance
16 Project Economics
17 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/research/x736vs/saudi_arabia
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Related Topics: Motors
