openPR Logo
Press release

GCC Electric Motor Market Overview 2017, Demand by Regions, Share and Forecast to 2022

12-27-2017 12:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

GCC Electric Motor Market Overview 2017, Demand by Regions,

The GCC electric motor market has been recording a positive growth. This is due to various advantages offered by electric motors which include low maintenance, longer operating life, low energy consumption and high endurance for fluctuating voltages.

Request a sample report: http://www.imarcgroup.com/request?type=report&id=873&flag=B

The latest report by IMARC Group, titled “GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the GCC electric motor market reached a value of more than US$ 750 Million in 2016. Since the invention of electricity, electric motors have brought about the biggest advancements in the field of engineering and technology. Electric motors refer to electrical machines which transform electrical energy into mechanical energy. These motors can be powered through direct current sources including motor vehicles, rectifiers and batteries; and alternate current sources which include inverters, power grid and generators. Additionally, these motors can be utilised as generators for converting mechanical energy into electric power. These motors offer numerous advantages such as long operating life, low energy consumption, low maintenance cost and high endurance for fluctuating voltages.

Highlights of the GCC electric motor market:

Expanding industrial sector in the GCC region is the primary driving factor.

HVAC represents the largest end-use industry, accounting for the majority of the market share.

Saudi Arabia dominates the market supported by increasing exports to other gulf countries.

In the GCC region, the prospect for electric cars is growing over time due to an increase in oil prices which has added to the growth of the GCC electric motor market. The market growth has also been encouraged by expanding industrial sector, growing petrochemical industry, upcoming infrastructural projects in the region. Moreover, there is also an emerging trend of installation of electric motors in place of gas turbines in large industrial plants which has, in turn, added to the growth. Apart from this, there has been a rise in mass-customisation of electric motors along with the demand for process and plant automation technologies. Owing to the aforementioned factors, the GCC electric motor market is further expected to reach a value of more than US$ 1,029 Million, exhibiting a CAGR of 5.4% during 2017-2022.

On the basis of efficiency, IE2 currently exhibits a clear dominance in the market which is followed by IE3, IE1 and IE4. Based on end-use industry, HVAC represents the largest end-use industry of electric motor market. It is followed by oil and gas, food and beverage, mining, and water and utilities. On the basis of application, electric motors are mostly used in pumps and fans followed by compressors. Region-wise, Saudi Arabia accounts for the majority of the total share in GCC as a result of rising exports to other gulf countries. Other major regions include UAE, Oman, Qatar, Kuwait and Bahrain. The competitive landscape of the market has also been analysed with some of the key players operating in the market being ABB, Siemens, WEG Industries, NIDEC Corporation and TECO Middle East Electrical & Machinery Co. Ltd.

Read full report with TOC: http://www.imarcgroup.com/gcc-electric-motor-market

The report by IMARC Group has examined the GCC electric motor market on the basis of:

Efficiency

IE2
IE3
IE1
IE4

End-Use Industry:

HVAC
Oil and Gas
Food and Beverage
Mining
Water and Utilities

Application:

Pumps and Fans
Compressors

GCC Region:

Saudi Arabia
UAE
Oman
Qatar
Kuwait
Bahrain

Key Players:

ABB
Siemens
WEG Industries
NIDEC Corporation
TECO Middle East Electrical & Machinery Co. Ltd.

Browse related reports:

UAE Electric Motor Market: http://www.imarcgroup.com/uae-electric-motor-market

Saudi Arabia Electric Motor Market: http://www.imarcgroup.com/saudi-arabia-electric-motor-market

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.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release GCC Electric Motor Market Overview 2017, Demand by Regions, Share and Forecast to 2022 here

News-ID: 876167 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for GCC

GCC Herbal Ingredients and Functional Beverages Market CAGR 5.5% from 2018 to 20 …
According to a new report published by Allied Market Research, titled, "GCC Herbal Ingredients and Functional Beverages Market By Functional Beverage and Herbal Ingredients: GCC Opportunity Analysis and Industry Forecast, 2018-2027," The herbal ingredients market was valued at $46.4 million in 2017 and is projected to reach $73.5 million by 2027, registering a CAGR of 4.9% from 2018 to 2027. The functional beverages market revenue was valued at $750.2 million
GCC Artificial Intelligence Market
When any business seek to lead the market or make a mark in the market as a fresh emergent, market research report is always central. A comprehensive GCC Artificial Intelligence Market report encompasses a market data that provides a detailed analysis of the ABC industry and its impact based on applications and different geographical regions. The report gives current as well as upcoming technical and financial details of the industry
GCC LED Lighting Market
According to the latest report by IMARC Group, titled "𝗚𝗖𝗖 𝗟𝗘𝗗 𝗟𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳", the GCC LED lighting market size reached a value of US$ 689.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,452.1 Million by 2027, exhibiting a CAGR of 14.1% during 2022-2027.. 𝗬𝗲𝗮𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗼 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲: Base Year of the Analysis: 2021 Historical Period:
GCC Contact Lens Market Size, Growth Opportunities, Statistics, Market Scope, Tr …
The GCC Contact Lens Market Report provides a thorough study of the competitive landscape, market participants, geographical regions, and application areas. In order to comprehend future demand and industry prognosis, the research includes a complete assessment of growth variables, market definitions, manufacturers, market potential, and influential trends. The research also contains a comprehensive analysis of the market, taking into account key growth-influencing elements. The study gives a detailed breakdown of important
GCC Connected Medical Devices Market Size, Growth Opportunities, Statistics, Mar …
The research report GCC Connected Medical Devices Market Analysis, 2027 published by MarkNtel Advisors is a comprehensive study of the industry's historical, current, & forecasted trends, prepared after rigorously analyzing aspects like growth drivers, restraints, opportunities, challenges, & demand scenarios in order to help stakeholders make informed decisions while investing in the Market, i.e., projected to witness around 20.19% CAGR during 2022-27. The report comprises detail-driven data associated with the current
GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain