Saudi Arabia Energy Efficient Motor Market is calculated to increase at a significant CAGR during 2020-2027 | Size, Share & Forecast

Saudi Arabia Energy Efficient Motor Market

The Saudi Arabia Energy Efficient Motor Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

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The factors driving growth of the Saudi Arabia Energy Efficient Motor Market includes rising focus on reducing greenhouse gas emissions, rapid growth in the construction industry, increasing sales of electric vehicles, Government initiatives promoting the adoption of energy efficient solutions and improvements in the in the living standards. For instance, the Government of Saudi Arabia is planning to generate 50% of its energy from renewables by the end of 2030 and planting 10 billion trees nationwide in the coming decades, which is expected to accelerate the market growth in the approaching years. Moreover, energy efficient motors reduce maintenance cost, saves electricity cost, improves industrial operations, and minimize the impact of greenhouse gases, are some of the features pushing the market growth. In addition, the increasing investments by major companies on research and development, growing adoption of advanced technologies by manufacturers, strategic mergers and collaborations between key industry players and rapid industrialization, are further contributing towards the market growth.

However, growth of the Saudi Arabia Energy Efficient Motor Market is hindered attributed to its high cost.

The prominent players operating in the Saudi Arabia Energy Efficient Motor Market are Nidec Motor Corporation, Rockwell Automation Inc, CG Power, Bosch Rexroth AG, Emerson Electric Co, ABB, Siemens AG, General Electric Company, Schneider Electric, and Honeywell International, Inc., and Industrial Solutions Limited, among others.

Based on Efficiency Level, the IE4 segment is predicted to grow at a significant CAGR during the forecast period

IE4 reduces the working temperature, minimizes thermal stress on motors, enhances efficiency and provides extended life cycle to the motor, are some of the features propelling growth of the segment.

Based on Type, the AC Motors segment is projected to grow at a higher CAGR over the forecast period

Ac motors are affordable, lightweight and is increasingly used in the automotive industry, are some of the factors pushing growth of the segment. 

Based on Application, the HVAC segment is anticipated to expand at a remarkable CAGR during the forecast period

HVAC systems enhances overall efficiency of motor and drive system and minimizes energy use and plant downtime, are augmenting the segment's growth.

Market Segmentation

Segmentation by Efficiency Level

IE4
IE3
IE2
IE1

Segmentation by Type

AC Motors
DC Motors

Segmentation by Application

HVAC
Fans
Pumps
Compressors
Refrigeration
Material Handling
Material Processing

Segmentation by Vertical

Industrial
Commercial Building
Residential
Automotive
Aerospace and Defense
Agriculture

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