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UAE Electric Motor Market Report, Industry Overview, Growth, Trends, Opportunities and Forecast 2019-2024

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UAE Electric Motor Market Report, Industry Overview, Growth, Trends, Opportunities and Forecast 2019-2024

July 22
23:50 2019
UAE Electric Motor Market Report, Industry Overview, Growth, Trends, Opportunities and Forecast 2019-2024

UAE Electric Motor Market to Reach US$ 298 Million by 2024, Impelled by Increasing Power Consumption – IMARC Group
The UAE electric motor market is driven by a rise in the consumption of electricity, along with an increase in the sales of electric vehicles across the country.

The latest report by IMARC Group, titled UAE Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024, estimates that the market size reached US$ 198 Million in 2018. 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.

Report Overview: https://www.imarcgroup.com/uae-electric-motor-market

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$ 298 Million by 2024, expanding at a CAGR of around 6.2% during 2019-2024.

Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/uae-electric-motor-market/requestsample

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, HVAC holds a clear dominance in the market. Other major segments include oil and gas, food and beverage, 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. Some of the major players are ABB, Siemens, WEG Industries, NIDEC Corporation and TECO Middle East Electrical & Machinery Co. Ltd.


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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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