UAE Electric Motor Market to Reach US$ 50.6 Million by 2032, Impelled by Increasing Power Consumption

July 10, 2019 | Heavy Industry

The latest report by IMARC Group, titled “UAE 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, Oil and Gas, Food, Beverage and Tobacco, Mining, Water and Utilities, and Others), Application (Pumps and Fans, Compressors, Other Applications) 2024-2032, estimates that the UAE electric motor market reached a value of US$ 27.8 Million in 2023. Electric motors refer to devices that are utilized to convert electrical energy into mechanical energy. These motors run on the principle of electromagnetic induction and are powered by direct current or alternate current sources. They consume a relatively low amount of energy, require minimal maintenance, are highly efficient and extremely cost-effective, and offer a long service life. As a result, these motors find wide applications in automobiles, dishwashers, printers, fax machines, tape recorders and water pumps. On account of the high average temperatures across the UAE, the demand for air conditioning and HVAC systems is continually rising. Since electric motors form an essential component of these systems, their sales are proliferating across the country.

UAE Electric Motor Market Trends:

The rising demand for electricity across the region is one of the key factors driving the market growth. This can be attributed to the rapid population growth and improving economic status of the country, along with extreme climatic conditions. Furthermore, increasing western influence, changing lifestyle and growing working population have resulted in the adoption of modern-day and advanced appliances such as dishwashers and vacuum cleaners. Additionally, the government is undertaking favorable initiatives to support the sales of electric vehicles (EVs) across the region. For instance, the Road Transport Authority (RTA) is providing incentives such as free public parking and discounts on electric car registrations. Moreover, several private as well as government organizations are investing in the infrastructure of wastewater treatment plants. The Abu Dhabi Sewerage Services Company (ADSSC), for example, has taken initiatives to establish new treatment plants in strategic locations of Abu Dhabi, Al Ain and Western Region to provide quality water-related services and better management of resources. On account of these factors, the UAE electric motor market value is projected to reach US$ 50.6 Million by 2032, expanding at a CAGR of 6.7% during 2024-2032.

Market Summary:

  • On the basis of the application, the market has been divided into pumps and fans, compressors and others. Amongst these, pumps and fans represent the largest application segment.
  • Based on the end use industry, HVAC holds a clear dominance in the market. Other major segments include oil and gas, food, beverage and tobacco, mining, water and utilities, and others.
  • On the basis of the efficiency, the market has been categorized into standard efficiency, high efficiency, premium efficiency and super premium efficiency electric motors. At present, high efficiency electric motors account for the majority of the total market share.
  • The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Efficiency, End Use Industry, Application
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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)

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.

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UAE Electric Motor Market to Reach US$ 50.6 Million by 2032, Impelled by Increasing Power Consumption
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