According to the latest report by IMARC Group, titled “UAE Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the UAE electric motor market reached a value of US$ 22.5 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Electric motors refer to electro-mechanical machines that function on the principle of electromagnetic induction. As compared to a fossil-fuel engine, electric motors provide better cost-effectiveness, require lower maintenance, consume lesser energy, provide higher endurance for fluctuating voltages, etc. Owing to these benefits, electric motors find widespread applications across diverse industries ranging from automobiles to oil and gas, where they are installed in machine tools, compressors, electric cars, industrial fans, etc.
Electric motors are used as a crucial component in the production of pumps, fans, and compressors, which are further utilized in HVAC systems. Due to extreme climatic conditions in UAE, the demand for HVAC systems increases, thereby augmenting the growth of the electric motor market. The UAE market is further catalyzed by the increasing demand for electric vehicles supported by growing environmental concerns and the rising purchasing power of the consumers. Furthermore, the UAE government is undertaking several initiatives to promote the adoption of electric vehicles for reducing carbon emissions, thereby providing a positive outlook to the market. Besides this, the introduction of numerous large-scale construction projects will continue to drive the UAE market for electric motors in the coming years.
UAE Electric Motor Market 2021-2026 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.
Breakup by Efficiency:
Standard Efficiency Electric Motors
High Efficiency Electric Motors
Premium Efficiency Electric Motors
Super Premium Efficiency Electric Motors
Breakup 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 with TOC & List of Figure: https://www.imarcgroup.com/uae-electric-motor-market
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
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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