UAE Electric Motor Market Analysis by Efficiency, End Use Industry, Application and Forecast 2023-2028

The latest report published by IMARC Group, titled "UAE Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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.

Industry Overview: 

An electric motor is a device that converts electrical energy into mechanical energy, generating motion. It operates on the principles of electromagnetism, utilizing the interaction between an electrical current and a magnetic field to produce rotational movement.

Electric motors are used in a wide array of applications, from small devices like electric toothbrushes and fans to large industrial machinery. They also play a crucial role in electric vehicles, elevators, and many other forms of transportation and automation. Electric motors are generally categorized based on their power source into alternating current (AC) motors and direct current (DC) motors.

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UAE Electric Motor Market Trends and Growth Drivers: 

Rapid infrastructure development, particularly in sectors like construction and transportation represents one of the key factors driving the growth of the market across the UAE. The rising focus of the Government of the UAE on energy efficiency and sustainability drives the adoption of high-efficiency electric motors to reduce energy consumption and environmental impact. As the UAE diversifies its economy away from oil, there is a corresponding growth in various industries like manufacturing, food processing, and logistics, which are significant consumers of electric motors.

With increasing interest in electric and hybrid vehicles, the automotive sector is becoming an important market for electric motors. Government incentives for electric vehicles also drive this segment. Innovations in electric motor technologies, such as variable frequency drives and improved materials, offer higher efficiency and durability, thus making them more attractive to end-users.

The rise in living standards and disposable income in the UAE is leading to an increase in demand for household appliances, many of which use electric motors. The growth in the tourism sector leads to higher requirements for HVAC systems, escalators, and elevators, which is fueling the growth of the market.

UAE Electric Motor 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

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=876&flag=C

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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Contact Person: Elena Anderson
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Phone: +1-631-791-1145
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State: NY
Country: United States
Website: https://www.imarcgroup.com

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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. 

This release was published on openPR.