UAE Electric Motor Market

UAE Electric Motor Market Overview:

The UAE electric motor market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Electric motors refer to electromechanical devices that convert electrical energy into mechanical energy. These motors are powered by direct or alternate current sources and run on the electromagnetic induction principle. They produce mechanical torque through the interaction of conductors that carry current to the magnetic field. They have a lower initial cost than fossil fuel engines with the same horsepower rating. They have a long service life, high tolerance for fluctuating voltages, consume less energy, require minimal maintenance, and are highly efficient and cost-effective. As a result, electric motors find extensive applications in the transportation, household appliances, heating, ventilating, and air conditioning (HVAC) equipment, motor vehicles, and aerospace sectors.

The UAE electric motor market is primarily driven by rising product applications across the water and wastewater industries. Moreover, several favorable initiatives taken by the government to promote the production and sales of electric vehicles (EVs) due to rising environmental concerns are positively influencing the market growth. Additionally, there has been a rise in the adoption of EVs in the UAE due to the inflating oil prices and availability of incentives, such as free public parking and discounts on electric car registrations. In line with this, the increasing investments by key players in establishing manufacturing facilities in the country to expand their consumer base for EVs have catalyzed market growth. Along with this, the surging demand for electronic luxury and premium cars is propelling the market growth. Apart from this, there has been a rise in the applications of electric motors in HVAC systems. In addition, the escalating demand for air conditioning and HVAC systems on account of high average temperatures across the UAE has accelerated the product adoption rate. Besides this, the surging adoption of modern-day and advanced appliances, such as dishwashers and vacuum cleaners, due to increasing western influence, changing lifestyles, and growing working population is contributing to the product demand. Other factors, including the improving economic status of the country, increasing construction and infrastructural activities, and elevating consumer expenditure capacities, are also anticipated to fuel the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the UAE electric motor market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. 

The report analyses the competitive structure of the UAE electric motor market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the UAE electric motor market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the UAE electric motor market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the UAE electric motor market industry. Furthermore, the value chain analysis of the UAE electric motor market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

UAE Electric Motor Market Segment Insights:

The UAE electric motor market has been analysed as followed:

By Efficiency:

• Standard Efficiency Electric Motors
• High Efficiency Electric Motors
• Premium Efficiency Electric Motors
• Super Premium Efficiency Electric Motors

By End Use Industry:

• HVAC
• Oil and Gas
• Food, Beverage and Tobacco
• Mining
• Water and Utilities
• Others

By Application:

• Pumps and Fans
• Compressors
• Other Applications

Competative Landscape: 

The report has also analyzed the competitive landscape of the market with detailed profiles of some of the key players operating in the industry.

Highlights of the UAE Electric Motor Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The UAE electric motor market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs