According to the latest report by IMARC Group, titled “UAE Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the UAE electric motor market size reached US$ 24.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 37.3 Million by 2027, exhibiting a growth rate (CAGR) of 7.63% during 2022-2027.
Market Outlook:
Electric motor refers to electromechanical devices that are exclusively engineered to convert electrical energy into mechanical energy. They are available in several types, such as standard efficiency electric motors, high-efficiency electric motors, premium efficiency electric motors, etc.
These electric motor models operate on the principle of electromagnetic induction and facilitate long operating life, reduced energy consumption, and a higher tolerance for fluctuating voltages. Consequently, they find extensive applications across numerous sectors, including heating, ventilating, and air-conditioning (HVAC), food and beverages, oil and gas, tobacco, mining, water and utilities, transportation, etc.
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Market Trends:
The growing usage of pumps and compressors in the water and waste-water segments is primarily driving the UAE electric motor market. In addition to this, the inflating oil prices and the shifting preferences toward electric vehicles (EVs) are further catalyzing the market across the country. In line with this, the launch of multiple initiatives by the government bodies to promote the sales of EVs, such as the rapid installation of charging stations under the joint partnership of the Road Transport Authority (RTA) and Dubai Electricity and Water Authority (DEWA), free parking, and toll and registration fees exemption is also positively influencing the market growth.
Moreover, the rising investments undertaken by major international market players to expand their production facility in the country and improve their customer base are acting as significant growth-inducing factors. Apart from this, the elevating need to raise the target for power generation to adequately meet the surge in energy demand is expected to stimulate the UAE electric motor market over the forecasted period.
Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the UAE electric motor market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the UAE electric motor market on the basis of efficiency, end-use Industry, applications and region.
Based on Efficiency:
- Standard Efficiency Electric Motors
- High Efficiency Electric Motors
- Premium Efficiency Electric Motors
- Super Premium Efficiency Electric Motors
Market by End-Use Industry:
- HVAC
- Oil and Gas
- Food, Beverage and Tobacco
- Mining
- Water and Utilities
- Others
Breakup by Applications:
- Pumps and Fans
- Compressors
- Other Applications
Explore Full Report Description At: https://www.imarcgroup.com/uae-electric-motor-market
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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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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