(MENAFNEditorial) Currently, Saudi Arabia is the largest oil exporter across the globe. With a growing number of power plants, oil rigs, commercialization and rapid urbanization, the electrical equipment industry has been witnessing significant growth in value as well as volume terms in Saudi Arabia. In 2012, electrical motors accounted for about 14% of the electrical equipment market in the Kingdom. Motors form the core of the pumps, which are used for numerous industrial and heavy industrial applications such as crude oil extraction, refining, power plants, cement industry, chemical & fertilizers, etc. Apart from pumps, electric motors are also used in compressors and for mechanical movements. In the electric motor segment, the country relies on imports to meet its rising requirements. Due to less number of manufacturing facilities in the country, about 60% of the demand for electric motors is addressed through imports
According to Saudi Arabia Electric Motors Market Forecast & Opportunities, 2019, Saudi Arabia electric motors market is projected to grow at a CAGR of 14.9% during 2014-19. The country holds immense opportunity for motor manufacturers to set up manufacturing facilities. The leading companies operating in Saudi Arabia electric motors market are TECO Middle East, ABB, WEG, Siemens, and Crompton & Greaves. Few other companies like Saudi French Company, Ashoor Electric Motors Factory are involved in offering repair and other services related to electric motors. Saudi Arabias government is focusing more on energy efficient techniques to use electric motors that would help in saving energy and increase overall efficiency for the systems. Growth in number of power plants is one of the key growth drivers for medium and large electric motors market in the country. Miniature and small electric motors are primarily used in residential and commercial markets. Saudi Arabia Electric Motors Market Forecast & Opportunities, 2019 discusses the following aspects of electric motors market in Saudi Arabia
Saudi Arabia Electric Motors Market Size, Share & Forecas
Segmental Analysis Miniature, Small, Medium & Large Electric Motors Market
Changing Market Trends & Emerging Opportunitie
Competitive Landscape & Strategic Recommendation
For More Details Click on this Link:- http://www.jsbmarketresearch.com/electronics/r-Saudi-Arabia-Electric-Motors-Market-Forecast-and-Opportunities-10654
Table of Content:-
1. Research Methodolog
2. Analyst Briefin
3. Global Electric Motors Market Outloo
3.1. Market Size & Forecas
3.1.1. By Valu
3.1.2. By Volum
3.1.3. By Regio
4. Saudi Arabia Electric Motors Market Outloo
4.1. Market Size & Forecas
4.1.1. By Valu
4.1.2. By Volum
4.2. Market Share & Forecas
4.2.1. By Typ
4.2.2. By Applicatio
4.2.3. By Efficienc
4.2.4. By Regio
5. Saudi Arabia Miniature Motors Market Outloo
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