Press release
UAE Electric Motor Market Segmentation, Share, Size, Trends and Research Report 2023-2028
UAE Electric Motor Market Research Report 2023-2028
How big is the UAE electric motor market?
The UAE electric motor market size reached US$ 25.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.2 Million by 2028, exhibiting a growth rate (CAGR) of 7.76% during 2023-2028.
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What is electric motor?
An electric motor is a device that transforms electrical energy into mechanical energy. It operates on electromagnetic induction, where an electric current passing through a coil generates a magnetic field, causing the motor's rotor to rotate.
Electric motors are widely utilized in various applications and industries. They power machinery, appliances, vehicles, and many other devices. One of the key advantages of electric motors is their efficiency. They convert a high percentage of electrical energy into mechanical energy, reducing energy waste and lowering operating costs. They are also known for their reliability and durability. They have fewer moving parts compared to internal combustion engines, resulting in reduced maintenance requirements and longer service life. Additionally, electric motors produce less noise and vibration, making them suitable for applications where quiet operation is necessary.
Another notable feature of electric motors is their environmental friendliness. They produce zero emissions during operation, contributing to cleaner air quality and reduced carbon footprint. Electric motors are crucial in promoting eco-friendly technologies as the world increasingly focuses on sustainable practices and reducing greenhouse gas emissions. Furthermore, electric motors offer precise control and high torque capabilities, making them suitable for a wide range of applications. They can be integrated with control systems, allowing for efficient speed and position control in various industrial processes.
What are the growth prospects and trends in the industry?
The market in UAE is primarily driven by the increasing government's focus on sustainability and renewable energy. The country aims to diversify its energy sources and reduce carbon emissions. Electric motors, being energy-efficient and environmentally friendly, align with these objectives. The government's initiatives to promote clean energy adoption, such as developing renewable energy projects and implementing energy efficiency programs, have created a favorable environment for the growth of the electric motor market.
Furthermore, the expanding construction industry is positively influencing the market. Electric motors are widely used in the construction industry for various applications such as HVAC systems, elevators, escalators, and water pumps. As the construction sector expands, with new infrastructure projects and urban developments, the demand for electric motors to power these systems has witnessed significant growth. Moreover, the industrial sector in the UAE has been growing rapidly, contributing to the demand for electric motors.
Electric motors are essential components in industrial machinery and equipment across manufacturing, oil and gas, water treatment, and transportation. The expansion of these industries and the government's emphasis on industrial diversification and automation have driven the market for electric motors. Besides, the rapid adoption of electric vehicles (EVs) in the UAE is fueling the product demand.
Electric motors are the heart of EV propulsion systems. As the country promotes the use of electric vehicles to reduce reliance on fossil fuels and mitigate environmental impact, the demand for electric motors in the automotive sector has grown.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Efficiency:
• Standard Efficiency Electric Motors
• High Efficiency Electric Motors
• Premium Efficiency Electric Motors
• Super Premium Efficiency Electric Motors
Breakup by End-Use Industry:
• HVAC
• Oil and Gas
• Food, Beverage and Tobacco
• Mining
• Water and Utilities
• Others
Breakup by Applications:
• Pumps and Fans
• Compressors
• Other Applications
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Website: https://www.imarcgroup.com
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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