GCC Electric Motor Market to Reach USD 233.0 Million by 2033, Stimulated by Rising Demand for Electric Vehicles

January 22, 2025 | Heavy Industry

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According to the latest report by IMARC Group, titled “GCC Electric Motor Market Report by Efficiency (Standard Efficiency Electric Motors, High Efficiency Electric Motors, Premium Efficiency Electric Motors, Super Premium Efficiency Electric Motors), End-Use Industry (HVAC, Mining, Oil and Gas, Water and Utilities, Food, Beverage and Tobacco, and Others), Applications (Pumps and Fans, Compressors, and Other Uses), and Country 2025-2033,” the GCC electric motor market size reached USD 150.0 Million in 2024. Electric motors are those devices that convert electrical energy into mechanical energy. It works on the principle of electromagnetic induction, where an electric current flowing through a coil creates a magnetic field that interacts with a second magnetic field, causing the motor shaft to rotate. Electric motors are extensively employed in various applications, such as household appliances, electric vehicles, and industrial machinery. They are preferred over traditional combustion engines because they are more energy-efficient, have lower emissions, and require less maintenance. Electric motors come in various sizes and types, including AC motors, DC motors, and stepper motors, each with its own specific advantages and applications.

GCC Electric Motor Market Trends:

The increasing demand for sustainable and energy-efficient solutions from several industries, such as automotive, construction, and manufacturing, represents a significant factor driving the market growth across the GCC region. The market is also driven by the widespread adoption of electric vehicles (EVs) in the region due to the increasing focus to reduce carbon emissions. In addition to this, the steadily expanding construction industry, along with the rising infrastructural development is driving the market toward growth. Moreover, the increasing demand for electric motors to be used in heating, ventilation, and air conditioning (HVAC) systems, pumps, and other related equipment is contributing to the growth of the market. Apart from this, rapid growth in the renewable energy sector, and the rising need for electric motors in wind turbines, solar panels, and other renewable energy systems are driving the demand for electric motors in the GCC region. In line with this, the rising environmental consciousness, and favorable government policies and initiatives aimed at promoting sustainable and energy-efficient technologies are creating a positive outlook for the market in the GCC region. Looking forward, the market value is projected to reach USD 233.0 Million by 2033, expanding at a CAGR of 5.00% during 2025-2033.

Market Summary:

Based on efficiencies, the market has been segmented as standard efficiency electric motors, high efficiency electric motors, premium efficiency electric motors, and super premium efficiency electric motors. Currently, high efficiency electric motors dominate the market, holding the largest share.
On the basis of end-use industries, the market has been classified into HVAC, oil and gas, food, beverage and tobacco, mining, water and utilities, and others. Currently, HVAC holds the largest share in the market.
The GCC electric motor market has also been segregated on the basis of applications which include pumps and fans, compressors, and other uses. Currently, pumps and fans represent the largest application segment of electric motors.
Region-wise, the market has been segmented into Saudi Arabia, UAE, Oman, Qatar, Kuwait, and Bahrain. Amongst these, Saudi Arabia is the leading market, accounting for the dominant share.
The competitive landscape of the market has also been examined with some of the key players being ABB, Siemens, WEG Industries, NIDEC Corporation, and TECO Middle East Electrical and Machinery Co. Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Efficiencies Covered	Standard, High, Premium, Super Premium
End-Use Industries Covered	HVAC, Mining, Oil and Gas, Water and Utilities, Food, Beverage and Tobacco, Others
Applications Covered	Pumps and Fans, Compressors, Other Uses
Countries Covered	Saudi Arabia, UAE, Oman, Qatar, Kuwait, Bahrain
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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GCC Electric Motor Market to Reach USD 233.0 Million by 2033, Stimulated by Rising Demand for Electric Vehicles

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