NEW YORK, June 2, 2016 /PRNewswire/ -- Electric motors are integral components used in various applications such as pumps, compressors, mechanical movement and fans. Electric motors are widely used in diverse sectors encompassing residential, manufacturing, commercial, real estate and others. Growing number of power plants and oil rigs, coupled with rapid commercialization and urbanization is boosting demand for electric motors in Saudi Arabia. Moreover, rising demand for air conditioning and HVAC systems is also propelling growth in the country's electric motors market. Saudi Arabia's electric motors market is highly import dependent market, with only one domestic electric motor manufacturing facility operating in the country.
According to "Saudi Arabia Electric Motors Market By Type, By End User, By Application, By Rating, Competition Forecast & Opportunities,
2011 – 2021", electric motors market in Saud Arabia is projected to grow at a CAGR of 8% during 2016 - 2021, especially due to increasing demand from commercial and industrial sectors. Presence of large oil & gas fields such as Al-hasa, Qatif, Safaniya, Al-Jauf and Turaif in the country, huge manufacturing industry base in northern & eastern regions, and increasing inflow of pilgrims visiting Makkah and Madina leading to a surge in commercial and transportation activities, are few of the major factors anticipated to boost demand for electric motors in the coming years. Electric motor refurbishment / repair services market in Saudi Arabia is also growing, due to various huge ongoing construction projects such as mega cities, metro rail and hotels. "Saudi Arabia Electric Motors Market By Type, By End User, By Application, By Rating, Competition Forecast & Opportunities, 2011 – 2021" discusses the following aspects of electric motor market in Saudi Arabia:
- Electric Motor Market Size, Share & Forecast
- Electric Motors Segmental Analysis- By Type (AC & DC), By Application (Pumps, Compressors, Fans & Mechanical Movement), By End User (Residential, Manufacturing, Commercial, Real Estate & Others)
- Saudi Arabia Electric Motor Refurbishment / Repair Services Market Size & Forecast
- Policy and Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of electric motor market in Saudi Arabia.
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, electric motor manufacturers, dealers and vendors align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer's specific needs
The information contained in this report is based upon both primary and secondary research. Primary research included interaction with electric motor manufacturers, distributors, repair service providers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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