Gcc Electric Motor Market Share, Size, Growth Trends, Opportunity and Forecast 2017-2022

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GCC Electric Motor Market Induced by Growth in
End-Use Industries
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Report Description and Highlights
Report Description
GCC Electric Motor Market Induced by Growth in
End-Use Industries The GCC electric motor
market has been recording a positive growth. This
is due to various advantages offered by electric
motors which include low maintenance, longer
operating life, low energy consumption and high
endurance for fluctuating voltages. The latest
report by IMARC Group, titled GCC Electric Motor
Market Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2017-2022, finds that
the GCC electric motor market reached a value of
more than US 750 Million in 2016. Since the
invention of electricity, electric motors have
brought about the biggest advancements in the
field of engineering and technology. Electric
motors refer to electrical machines which
transform electrical energy into mechanical
energy. These motors can be powered through
direct current sources including motor vehicles,
rectifiers and batteries and alternate current
sources which include inverters, power grid and
generators. Additionally, these motors can be
utilised as generators for converting mechanical
energy into electric power. These motors offer
numerous advantages such as long operating life,
low energy consumption, low maintenance cost and
high endurance for fluctuating voltages. Request
Sample of the Report http//www.imarcgroup.com/re
quest?typereportid873flagB
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Report Description and Highlights
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Report Description and Highlights
Report Description

• Highlights of the GCC electric motor market
• Expanding industrial sector in the GCC region is
  the primary driving factor.
• HVAC represents the largest end-use industry,
  accounting for the majority of the market share.
• Saudi Arabia dominates the market supported by
  increasing exports to other gulf countries.
• In the GCC region, the prospect for electric cars
  is growing over time due to an increase in oil
  prices which has added to the growth of the GCC
  electric motor market. The market growth has also
  been encouraged by expanding industrial sector,
  growing petrochemical industry, upcoming
  infrastructural projects in the region. Moreover,
  there is also an emerging trend of installation
  of electric motors in place of gas turbines in
  large industrial plants which has, in turn, added
  to the growth. Apart from this, there has been a
  rise in mass-customisation of electric motors
  along with the demand for process and plant
  automation technologies. Owing to the
  aforementioned factors, the GCC electric motor
  market is further expected to reach a value of
  more than US 1,029 Million, exhibiting a CAGR of
  5.4 during 2017-2022.
• Read full report _at_ http//www.imarcgroup.com/gcc-e
  lectric-motor-market

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Report Description and Highlights
Report Description

• On the basis of efficiency, IE2 currently
  exhibits a clear dominance in the market which is
  followed by IE3, IE1 and IE4. Based on end-use
  industry, HVAC represents the largest end-use
  industry of electric motor market. It is followed
  by oil and gas, food and beverage, mining, and
  water and utilities. On the basis of application,
  electric motors are mostly used in pumps and fans
  followed by compressors. Region-wise, Saudi
  Arabia accounts for the majority of the total
  share in GCC as a result of rising exports to
  other gulf countries. Other major regions include
  UAE, Oman, Qatar, Kuwait and Bahrain. The
  competitive landscape of the market has also been
  analysed with some of the key players operating
  in the market being ABB, Siemens, WEG Industries,
  NIDEC Corporation and TECO Middle East Electrical
  Machinery Co. Ltd.
•  
• The report by IMARC Group has examined the GCC
  electric motor market on the basis of
• Efficiency
• IE2
• IE3
• IE1
• IE4
• End-Use Industry

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Report Description and Highlights
Report Description

• HVAC
• Oil and Gas
• Food and Beverage
• Mining
• Water and Utilities
• Application
• Pumps and Fans
• Compressors
• GCC Region
• Saudi Arabia
• UAE
• Oman
• Qatar
• Kuwait
• Bahrain

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Report Description and Highlights

• ABB
• Siemens
• WEG Industries
• NIDEC Corporation
• TECO Middle East Electrical Machinery Co. Ltd.
• Browse more related reports http//www.imarcgroup
  .com/categories/technology-market-reports

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Report Description and Highlights
Report Description

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