GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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Electric motors are devices which convert electrical energy into mechanical energy. They offer numerous advantages such as long operating life, low energy consumption, low maintenance, and high endurance for fluctuating voltages. Owing to this, electric motors form an important component of the oil and gas industries in the GCC countries which require high value and complex rotating equipment systems. Apart from this, they are used in a diverse range of devices such as dishwashers, vacuum cleaners, printing presses, smartphones, automobiles, etc. According to the latest report by IMARC Group, titled “GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the GCC electric motor market reached a value of US$ 750 Million in 2017.

Rising fuel prices have generated a preference towards electric vehicles which do not cause carbon emissions. Owing to this, the governments of the GCC countries are highly supportive of electric vehicles, thereby facilitating the market growth. Apart from this, the use for commercial and industrial HVAC units is also rising in the region, in turn, stimulating the demand for electric motors. Growing petrochemical industry, expansion of industrial sector, establishment of special economic zones along with upcoming infrastructure projects in the GCC region have further propelling the growth prospects of the market. As a result, the market is expected to reach a value of around US$ 1082 Million by 2023, growing at a CAGR of more than 5% during 2018-2023.

GCC Low Voltage Electric Motor Market Report

The report has segmented the GCC electric motor market on the basis of efficiency into IE1, IE2, IE3, and IE4. Amongst these, IE2 motors hold the largest share. The market is further categorised on the basis of applications covering pumps and fans, compressors, and others. On the basis of end-use, HVAC represents the largest end-use industry. Other major end-use industries include oil and gas, food and beverage, mining, water and utilities, and others. Within the GCC region, Saudi Arabia is the leading market, accounting for the largest share. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are ABB, Siemens, WEG Industries, NIDEC Corporation, and TECO Middle East Electrical & Machinery Co. Ltd.

This report provides a deep insight into the GCC electric motor industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an electric motor manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC electric motor industry in any manner.

Key Questions Answered in This Report:

  • How has the GCC electric motor market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the GCC electric motor industry?
  • What are the key end-use segment in the GCC electric motor industry?
  • What are the major applications in the GCC electric motor industry?
  • What are the various stages in the value chain of the GCC electric motor industry?
  • What are the key driving factors and challenges in the GCC electric motor industry?
  • What is the structure of the GCC electric motor industry and who are the key players?
  • What is the degree of competition in the GCC electric motor industry?
  • What are the profit margins in the GCC electric motor industry?
  • What are the key requirements for setting up an electric motor manufacturing plant?
  • How is electric motor manufactured?
  • What are the various unit operations involved in an electric motor manufacturing plant?
  • What is the total size of land required for setting up an electric motor manufacturing plant?
  • What are the machinery requirements for setting up an electric motor manufacturing plant?
  • What are the raw material requirements for setting up an electric motor manufacturing plant?
  • What are the packaging requirements for electric motor?
  • What are the transportation requirements for electric motor?
  • What are the utility requirements for setting up an electric motor manufacturing plant?
  • What are the manpower requirements for setting up an electric motor manufacturing plant?
  • What are the infrastructure costs for setting up an electric motor manufacturing plant?
  • What are the capital costs for setting up an electric motor manufacturing plant?
  • What are the operating costs for setting up an electric motor manufacturing plant?
  • What will be the income and expenditures for an electric motor manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Electric Motor Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Product Type
    5.4    Market Breakup by Region
    5.5    Market Breakup by End Use
    5.6    Market Forecast
6    Global Low Voltage Electric Motor Market
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Power Ratings
    6.4    Market Breakup by Efficiency
    6.5    Market Breakup by End Use Industry
    6.6    Market Breakup by Application
    6.7    Market Breakup by Region
    6.8    Market Forecast
7    GCC Low Voltage Electric Motor Market
    7.1    Market Overview
    7.2    Market Performance
    7.3    Market Breakup by Power Ratings
    7.4    Market Breakup by Efficiency
    7.5    Market Breakup by End Use Industry
    7.6    Market Breakup by Application
    7.7    Market Breakup by Region
    7.8    Market Forecast
    7.9    SWOT Analysis
        7.9.1    Overview
        7.9.2    Strengths
        7.9.3    Weaknesses
        7.9.4    Opportunities
        7.9.5    Threats
    7.10    Value Chain Analysis
    7.11    Porters Five Forces Analysis
        7.11.1    Overview
        7.11.2    Bargaining Power of Buyers
        7.11.3    Bargaining Power of Suppliers
        7.11.4    Degree of Competition
        7.11.5    Threat of New Entrants
        7.11.6    Threat of Substitutes
8    GCC Electric Motor (Low Voltage) Market: Performance by Efficiency
    8.1    Standard Efficiency Electric Motors
    8.2    High Efficiency Electric Motors
    8.3    Premium Efficiency Electric Motors
    8.4    Super Premium Efficiency Electric Motors
9    GCC Electric Motor (Low Voltage) Market: Performance by End-Use Industry
    9.1    HVAC
    9.2    Oil and Gas
    9.3    Food, Beverage and Tobacco
    9.4    Mining
    9.5    Water and Utilities
    9.6    Others
10    GCC Electric Motor (Low Voltage) Market: Performance by Applications
    10.1    Pumps and Fans
    10.2    Compressors
    10.3    Other Applications
11    GCC Electric Motor (Low Voltage) Market: Performance Of Key Regions
    11.1    Saudi Arabia
        11.1.1    Market Overview
        11.1.2    Market Performance
        11.1.3    Market Breakup by Power Ratings
        11.1.4    Market Breakup by Efficiency
        11.1.5    Market Breakup by End Use Industry
        11.1.6    Market Breakup by Application
        11.1.7    Market Forecast
    11.2    UAE
        11.2.1    Market Overview
        11.2.2    Market Performance
        11.2.3    Market Breakup by Power Ratings
        11.2.4    Market Breakup by Efficiency
        11.2.5    Market Breakup by End Use Industry
        11.2.6    Market Breakup by Application
        11.2.7    Market Forecast
    11.3    Other Major Markets in GCC Region
        11.3.1    Oman
        11.3.2    Qatar
        11.3.3    Kuwait
        11.3.4    Bahrain
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
13    Electric Motor Manufacturing Process
    13.1    Product Overview
    13.2    Detailed Process Flow
    13.3    Various Types of Unit Operations Involved
    13.4    Mass Balance and Raw Material Requirements
14    Project Details, Requirements and Costs Involved
    14.1    Land Requirements and Expenditures
    14.2    Construction Requirements and Expenditures
    14.3    Plant Layout
    14.4    Plant Machinery
    14.5    Machinery Pictures
    14.6    Raw Material Requirements and Expenditures
    14.7    Packaging Requirements and Expenditures
    14.8    Utilities Requirements and Expenditures
    14.9    Manpower Requirements and Expenditures
    14.10    Other Capital Investments
15    Loans and Financial Assistance
16    Project Economics

    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Key Player Profiles


List of Figures

Figure 1: GCC: Electric Motor Market: Major Drivers and Challenges
Figure 2: Global: Electric Motor Market: Value Trends (in Billion US$), 2010-2017
Figure 3: Global: Electric Motor Market: Breakup by Product Type (in %), 2017
Figure 4: Global: Electric Motor Market: Breakup by Region (in %), 2017
Figure 5: Global: Electric Motor Market: Breakup by End Use (in %), 2017
Figure 6: Global: Electric Motor Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 7: Global: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2010-2017
Figure 8: Global: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2017
Figure 9: Global: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2017
Figure 10: Global: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2017
Figure 11: Global: Low Voltage Electric Motor Market: Breakup by Application (in %), 2017
Figure 12: Global: Low Voltage Electric Motor Market: Breakup by Region (in %), 2017
Figure 13: Global: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 14: GCC: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2010-2017
Figure 15: GCC: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2017
Figure 16: GCC: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2017
Figure 17: GCC: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2017
Figure 18: GCC: Low Voltage Electric Motor Market: Breakup by Application (in %), 2017
Figure 19: GCC: Low Voltage Electric Motor Market: Breakup by Region (in %), 2017
Figure 20: GCC: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 21: GCC: Electric Motor Industry: SWOT Analysis
Figure 22: GCC: Electric Motor Industry: Value Chain Analysis
Figure 23: GCC: Electric Motor Industry: Porter’s Five Forces Analysis
Figure 24: GCC: Electric Motor (Low Voltage) Market: Standard Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 25: GCC: Electric Motor (Low Voltage) Market: High Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 26: GCC: Electric Motor (Low Voltage) Market: Premium Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 27: GCC: Electric Motor (Low Voltage) Market: Super Premium Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 28: GCC: Electric Motor (Low Voltage) Market: HVAC Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 29: GCC: Electric Motor (Low Voltage) Market: Oil and Gas Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 30: GCC: Electric Motor (Low Voltage) Market: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 31: GCC: Electric Motor (Low Voltage) Market: Mining Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 32: GCC: Electric Motor (Low Voltage) Market: Water and Utilities Application: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 33: GCC: Electric Motor (Low Voltage) Market: Other Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 34: GCC: Electric Motor (Low Voltage) Market: Applications in Pump and Fan: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 35: GCC: Electric Motor (Low Voltage) Market: Applications in Compressors: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 36: GCC: Electric Motor (Low Voltage) Market: Other Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 37: Saudi Arabia: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2010-2017
Figure 38: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2017
Figure 39: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2017
Figure 40: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2017
Figure 41: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Application (in %), 2017
Figure 42: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 43: UAE: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2010-2017
Figure 44: UAE: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2017
Figure 45: UAE: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2017
Figure 46: UAE: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2017
Figure 47: UAE: Low Voltage Electric Motor Market: Breakup by Application (in %), 2017
Figure 48: UAE: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 49: GCC: Electric Motor Market: Share of Key Players (in %), 2017
Figure 50: Electric Motor: Major Parts and Assembly Line Operations
Figure 51: Electric Motor Assembling: Various Types of Unit Operations Involved
Figure 52: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
Figure 53: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
Figure 54: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
Figure 55: Electric Motors Manufacturing Plant: Proposed Plant Layout
Figure 56: Electric Motors Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 57: Electric Motor Manufacturing Plant: Breakup of Profit Margins at Various Level of the Supply Chain
Figure 58: Electric Motors Manufacturing Plant: Breakup of Production Costs (in %)


List of Tables

Table 1: Global: Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Low Voltage Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 3: GCC: Low Voltage Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 4: Saudi Arabia: Low Voltage Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 5: UAE: Low Voltage Electric Motor Market: Key Industry Highlights, 2017 and 2023
Table 6: GCC: Electric Motor Market: Market Structure
Table 7: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
Table 10: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day)
Table 11: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: Electric Motors Manufacturing Plant: Capital Costs (in US$)
Table 14: Electric Motors Manufacturing Plant: Techno-Economic Parameters
Table 15: Electric Motor Manufacturing Plant: Taxation (in US$)
Table 16: Electric Motor Manufacturing Plant: Depreciation (in US$)
Table 17: Electric Motor Manufacturing Plant: Income Projections (in US$)
Table 18: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
Table 19: Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 20: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 21: Electric Motor Manufacturing Plant: Profitability Analysis


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