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The GCC induction motor market is currently witnessing strong growth. An induction motor, or asynchronous motor, refers to an AC electric motor that uses the magnetic field of the stator winding to provide torque via electromagnetic induction and produce an electric current in the rotor. It requires minimum and low-cost maintenance and offers high dependability and proficiency. The motor can be used in heavily polluted, dangerous work conditions for years without frequent maintenance due to its high durability. In the GCC region, the induction motor has gained traction as it is widely used in the manufacturing and automotive industries.
The GCC induction motor market is primarily driven by the increasing oil extraction activities across the region. This has resulted in a mounting demand for three-phase induction motors in various oil extracting mills. Besides this, the rising product adoption in the induction pump industry due to its simple design, reliability, durability, low-maintenance and light weight is also creating a positive outlook for the market. Induction motors also find extensive applications in pumps, small fans, electric shavers, cranes, crushers, textile industry, and oil extracting mills. Moreover, the governments of several GCC countries are promoting the use of induction motors as they are more powerful and environment-friendly than conventional engines. On account of these factors, the market is expected to continue its strong growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC induction motor market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, product type and end use sector.
Breakup by Product Type:
Breakup by End Use Sector:
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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