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Saudi Arabia Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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 2019-2024”, the Saudi Arabia electric motor market reached a value of US$ 441.3 Million in 2018.

Saudi Arabia Electric Motor Market Report

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$ 737.9 Million by 2024, growing at a CAGR of 9.8% during 2019-2024.

The report has segmented the market on the basis of efficiency in IE1, IE2, IE3 and IE4. Amongst these, IE2 efficiency motors dominate the market, accounting for the majority of the total share. On the basis of application, 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 end-use, 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 market 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 Saudi Arabia 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 market?
  • What are the major end-use segments in the Saudi Arabia electric motor market?
  • 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 Application
    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 Rating
    6.4    Market Breakup by Efficiency
    6.5    Market Breakup by Application
    6.6    Market Breakup by End Use 
    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 Rating
    7.4    Market Breakup by Efficiency
    7.5    Market Breakup by Application
    7.6    Market Breakup by End Use 
    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 Rating
    8.4    Market Breakup by Efficiency
    8.5    Market Breakup by Application
    8.6    Market Breakup by End Use 
    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
        8.9.1    Raw Material Suppliers
        8.9.2    Electric Motor Manufacturers
        8.9.3    Industrial Users
        8.9.4    System Integrators
        8.9.5    Distributors, Retailers and Exporters
        8.9.6    End-Users
    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
    8.11    Price Analysis
        8.11.1    Key Price Indicators
        8.11.2    Price Structure
   8.12    Key Market Drivers and Success Factors
9   Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Efficiency
    9.1    Standard Efficiency Electric Motors
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    High Efficiency Electric Motors
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Premium Efficiency Electric Motors
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Super Premium Efficiency Electric Motors
        9.4.1 Market Trends
        9.4.2 Market Forecast
10  Saudi Arabia Electric Motor (Low Voltage) Market: Performance by Application
    10.1    HVAC
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Oil and Gas
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Food, Beverage and Tobacco
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Mining
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Water and Utilities
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11  Saudi Arabia Electric Motor (Low Voltage) Market: Performance by End-Use
    11.1    Pumps and Fans
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Compressors
        11.2.1 Market Trends
        11.2.2 Market Forecast
    11.3    Other Uses
        11.3.1 Market Trends
        11.3.2 Market Forecast
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$), 2011-2018
Figure 3: Global: Electric Motor Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Electric Motor Market: Breakup by Region (in %), 2018
Figure 5: Global: Electric Motor Market: Breakup by End Use (in %), 2018
Figure 6: Global: Electric Motor Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 7: Global: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2011-2018
Figure 8: Global: Low Voltage Electric Motor Market: Breakup by Power Rating (in %), 2018
Figure 9: Global: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2018
Figure 10: Global: Low Voltage Electric Motor Market: Breakup by Application (in %), 2018
Figure 11: Global: Low Voltage Electric Motor Market: Breakup by End-Use (in %), 2018
Figure 12: Global: Low Voltage Electric Motor Market: Breakup by Region (in %), 2018
Figure 13: Global: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 14: GCC: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2011-2018
Figure 15: GCC: Low Voltage Electric Motor Market: Breakup by Power Rating (in %), 2018
Figure 16: GCC: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2018
Figure 17: GCC: Low Voltage Electric Motor Market: Breakup by Application (in %), 2018
Figure 18: GCC: Low Voltage Electric Motor Market: Breakup by End-Use (in %), 2018
Figure 19: GCC: Low Voltage Electric Motor Market: Breakup by Region (in %), 2018
Figure 20: GCC: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 21: Saudi Arabia: Low Voltage Electric Motor Market: Value Trends (in Billion US$), 2011-2018
Figure 22: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Power Rating (in %), 2018
Figure 23: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Efficiency (in %), 2018
Figure 24: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by Application (in %), 2018
Figure 25: Saudi Arabia: Low Voltage Electric Motor Market: Breakup by End Use (in %), 2018
Figure 26: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Value Trends (in Billion US$), 2019-2024
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: Low Voltage Electric Motor Market (Standard Efficiency): Value Trends (in Million US$), 2011 & 2018
Figure 31: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Standard Efficiency): Value Trends (in Million US$), 2019-2024
Figure 32: Saudi Arabia: Low Voltage Electric Motor Market (High Efficiency): Value Trends (in Million US$), 2011 & 2018
Figure 33: Saudi Arabia: Low Voltage Electric Motor Market Forecast (High Efficiency): Value Trends (in Million US$), 2019-2024
Figure 34: Saudi Arabia: Low Voltage Electric Motor Market (Premium Efficiency): Value Trends (in Million US$), 2011 & 2018
Figure 35: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Premium Efficiency): Value Trends (in Million US$), 2019-2024
Figure 36: Saudi Arabia: Low Voltage Electric Motor Market (Super Premium Efficiency): Value Trends (in Million US$), 2011 & 2018
Figure 37: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Super Premium Efficiency): Value Trends (in Million US$), 2019-2024
Figure 38: Saudi Arabia: Low Voltage Electric Motor Market: HVAC Applications: Value Trends (in Million US$), 2011 & 2018
Figure 39: Saudi Arabia: Low Voltage Electric Motor Market Forecast: HVAC Applications: Value Trends (in Million US$), 2019-2024
Figure 40: Saudi Arabia: Low Voltage Electric Motor Market: Oil and Gas Applications: Value Trends (in Million US$), 2011 & 2018
Figure 41: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Oil and Gas Applications: Value Trends (in Million US$), 2019-2024
Figure 42: Saudi Arabia: Low Voltage Electric Motor Market: Food & Beverage Applications: Value Trends (in Million US$), 2011 & 2018
Figure 43: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Food & Beverage Applications: Value Trends (in Million US$), 2019-2024
Figure 44: Saudi Arabia: Low Voltage Electric Motor Market: Mining Applications: Value Trends (in Million US$), 2011 & 2018
Figure 45: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Mining Applications: Value Trends (in Million US$), 2019-2024
Figure 46: Saudi Arabia: Low Voltage Electric Motor Market: Water and Utilities Application: Value Trends (in Million US$), 2011 & 2018
Figure 47: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Water and Utilities Application: Value Trends (in Million US$), 2019-2024
Figure 48: Saudi Arabia: Low Voltage Electric Motor Market: Other Applications: Value Trends (in Million US$), 2011 & 2018
Figure 49: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Other Applications: Value Trends (in Million US$), 2019-2024
Figure 50: Saudi Arabia: Low Voltage Electric Motor Market (in Pumps and Fans): Value Trends (in Million US$), 2011 & 2018
Figure 51: Saudi Arabia: Low Voltage Electric Motor Market Forecast (in Pumps and Fans): Value Trends (in Million US$),2019-2024
Figure 52: Saudi Arabia: Low Voltage Electric Motor Market (in Compressors): Value Trends (in Million US$), 2011 & 2018
Figure 53: Saudi Arabia: Low Voltage Electric Motor Market Forecast (in Compressors): Value Trends (in Million US$), 2019-2024
Figure 54: Saudi Arabia: Low Voltage Electric Motor Market (Other Uses): Value Trends (in Million US$), 2011 & 2018
Figure 55: Saudi Arabia: Low Voltage Electric Motor Market Forecast (Other Uses): Value Trends (in Million US$), 2019-2024
Figure 56: Saudi Arabia: Electric Motor Market: Share of Key Players (in %), 2018
Figure 57: Electric Motor: Major Parts and Assembly Line Operations
Figure 58: Electric Motor Assembling: Various Types of Unit Operations Involved
Figure 59: AC Squirrel Cage Induction Motor Manufacturing Process: Conversion Rate of Products
Figure 60: DC Brushless Motor Manufacturing Process: Conversion Rate of Products
Figure 61: Interior Permanent Magnet Motor Manufacturing Process: Conversion Rate of Products
Figure 62: Electric Motors Manufacturing Plant: Proposed Plant Layout
Figure 63: Electric Motors Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 64: Electric Motor Manufacturing Plant: Breakup of Profit Margins at Various Level of the Supply Chain
Figure 65: Electric Motors Manufacturing Plant: Breakup of Production Costs (in %)

List of Tables

Table 1: Global: Electric Motor Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Low Voltage Electric Motor Market: Key Industry Highlights, 2018 and 2024
Table 3: GCC: Low Voltage Electric Motor Market: Key Industry Highlights, 2018 and 2024
Table 4: Saudi Arabia: Low Voltage Electric Motor Market: Key Industry Highlights, 2018 and 2024
Table 5: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by Power Rating, (in Million US$), 2019-2024
Table 6: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by Efficiency (in Million US$), 2019-2024 
Table 7: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 8: Saudi Arabia: Low Voltage Electric Motor Market Forecast: Breakup by End Use (in Million US$), 2019-2024
Table 9: Saudi Arabia: Electric Motor Market: Competitive Structure
Table 10: Saudi Arabia: Electric Motor Market: Key Players
Table 11: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: Saudi Arabia: Electric Motors Manufacturing Plant: Machinery Costs (in US$)
Table 14: Saudi Arabia: Electric Motors Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (in US$/Unit)
Table 15: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Saudi Arabia: Electric Motors Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Saudi Arabia: Electric Motors Manufacturing Plant: Capital Costs (in US$)
Table 18: Saudi Arabia: Electric Motors Manufacturing Plant: Techno-Economic Parameters
Table 19: Saudi Arabia:  Electric Motor Manufacturing Plant: Taxation (in US$)
Table 20: Saudi Arabia: Electric Motor Manufacturing Plant: Depreciation (in US$)
Table 21: Saudi Arabia:  Electric Motor Manufacturing Plant: Income Projections (in US$)
Table 22: Saudi Arabia: Electric Motor Manufacturing Plant: Expenditure Projections (in US$)
Table 23: Saudi Arabia:  Electric Motor Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 24: Saudi Arabia: Electric Motor Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 25: Saudi Arabia: Electric Motor Manufacturing Plant: Profitability Analysis (in US$)

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