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

$ 1799




Electric motors are electro-mechanical devices which convert electrical energy to mechanical energy. These motors are integral components of compressors, pumps, fans, disk drives, electric cars, etc. which are further used in the manufacturing, residential, real estate and commercial sectors. Upcoming projects in Saudi Arabia are increasing the demand for electric motors as they are highly efficient, consume low energy, and have a longer operating life and endurance for fluctuating voltages. According to the latest report by IMARC Group, titled “Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Saudi Arabia electric motor market reached a value of US$ 436 Million in 2017.

Electric motors are used as a component in the production of pumps, fans and compressors which are further used in HVAC systems. Due to extreme climatic conditions in the country, the demand for HVAC systems is rising, thereby propelling the growth of the electric motors market. Further, government policies to support the establishment of new industries have resulted in the growth of industrial and infrastructural activities, in turn, contributing to the market growth. Moreover, large-scale investments in the construction activities along with upcoming projects such as NEOM and Saudi Vision 2030 are rising energy requirements, therefore creating a bigger market for electric motors. According to the report, the market is projected to reach a value of US$ 546 Million by 2023, growing at a CAGR of 3.8% during 2018-2023.

Saudi Arabia Electric Motor Market Report 2018

The report has segmented the market on the basis of efficiency in IE2, IE3, IE1 and IE4. Amongst these, IE2 efficiency motors dominate the market, accounting for the majority of the total share. On the basis of end-use, the HVAC sector is the largest segment, followed by oil and gas, food and beverage, mining, and water and utilities. The market is also segmented on the basis of application, wherein pumps and fans represent the leading market, followed by compressors. 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 Saudi Arabia 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 electric motor industry in any manner.

Key Questions Answered in This Report:

  • How has the Saudi Arabia electric motor market performed so far and how will it perform in the coming years?
  • What are the key applications in the Saudi Arabia electric motor industry?
  • What are the major end-use segments in the Saudi Arabia electric motor industry?
  • What are the various stages in the value chain of the Saudi Arabia electric motor industry?
  • What are the key driving factors and challenges in the Saudi Arabia electric motor industry?
  • What is the structure of the Saudi Arabia electric motor industry and who are the key players?
  • What is the degree of competition in the Saudi Arabia electric motor industry?
  • What are the profit margins in the Saudi Arabia 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
8    Saudi Arabia Low Voltage Electric Motor Market
    8.1    Market Overview
    8.2    Market Performance
    8.3    Market Breakup by Power Ratings
    8.4    Market Breakup by Efficiency
    8.5    Market Breakup by End Use Industry
    8.6    Market Breakup by Application
    8.7    Market Forecast
    8.8    SWOT Analysis
        8.8.1    Overview
        8.8.2    Strengths
        8.8.3    Weaknesses
        8.8.4    Opportunities
        8.8.5    Threats
    8.9    Value Chain Analysis
    8.10    Porters Five Forces Analysis
        8.10.1    Overview
        8.10.2    Bargaining Power of Buyers
        8.10.3    Bargaining Power of Suppliers
        8.10.4    Degree of Competition
        8.10.5    Threat of New Entrants
        8.10.6    Threat of Substitutes
9    Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Efficiency
    9.1    Standard Efficiency Electric Motors
    9.2    High Efficiency Electric Motors
    9.3    Premium Efficiency Electric Motors
    9.4    Super Premium Efficiency Electric Motors
10    Saudi Arabia Electric Motor (Low Voltage) Market: Performance by End-Use Industry
    10.1    HVAC
    10.2    Oil and Gas
    10.3    Food, Beverage and Tobacco
    10.4    Mining
    10.5    Water and Utilities
    10.6    Others
11    Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Applications
    11.1    Pumps and Fans
    11.2    Compressors
    11.3    Other Applications
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: Saudi Arabia: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2010-2017
Figure 22: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Power Ratings (in %), 2017
Figure 23: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2017
Figure 24: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by End Use Industry (in %), 2017
Figure 25: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Application (in %), 2017
Figure 26: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 27: Saudi Arabia: Electric Motor Industry: SWOT Analysis
Figure 28: Saudi Arabia: Electric Motor Industry: Value Chain Analysis
Figure 29: Saudi Arabia: Electric Motor Industry: Porter’s Five Forces Analysis
Figure 30: Saudi Arabia: Electric Motor (Low Voltage) Market: Standard Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 31: Saudi Arabia: Electric Motor (Low Voltage) Market: High Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 32: Saudi Arabia: Electric Motor (Low Voltage) Market: Premium Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 33: Saudi Arabia: Electric Motor (Low Voltage) Market: Super Premium Efficiency Electric Motor: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 34: Saudi Arabia: Electric Motor (Low Voltage) Market: HVAC Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 35: Saudi Arabia: Electric Motor (Low Voltage) Market: Oil and Gas Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 36: Saudi Arabia: Electric Motor (Low Voltage) Market: Food, Beverage and Tobacco Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 37: Saudi Arabia: Electric Motor (Low Voltage) Market: Mining Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 38: Saudi Arabia: Electric Motor (Low Voltage) Market: Water and Utilities Application: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 39: Saudi Arabia: Electric Motor (Low Voltage) Market: Other Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 40: Saudi Arabia: Electric Motor (Low Voltage) Market: Applications in Pump and Fan: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 41: Saudi Arabia: Electric Motor (Low Voltage) Market: Applications in Compressors: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 42: Saudi Arabia: Electric Motor (Low Voltage) Market: Other Applications: Value Trends (in Million US$), 2010, 2017 & 2023
Figure 43: Saudi Arabia: Electric Motor Market: Share of Key Players (in %), 2017
Figure 44: Electric Motor: Major Parts and Assembly Line Operations
Figure 45: Electric Motor Assembling: Various Types of Unit Operations Involved
Figure 46: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
Figure 47: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
Figure 48: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
Figure 49: Electric Motors Manufacturing Plant: Proposed Plant Layout
Figure 50: Electric Motors Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 51: Electric Motor Manufacturing Plant: Breakup of Profit Margins at Various Level of the Supply Chain
Figure 52: 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: Saudi Arabia: Electric Motor Market: Market Structure
Table 6: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
Table 9: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day)
Table 10: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Electric Motors Manufacturing Plant: Capital Costs (in US$)
Table 13: Electric Motors Manufacturing Plant: Techno-Economic Parameters
Table 14: Electric Motor Manufacturing Plant: Taxation (in US$)
Table 15: Electric Motor Manufacturing Plant: Depreciation (in US$)
Table 16: Electric Motor Manufacturing Plant: Income Projections (in US$)
Table 17: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
Table 18: Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 19: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 20: Electric Motor Manufacturing Plant: Profitability Analysis


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