DUBLIN--(BUSINESS WIRE)--The "GCC Electric Motor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022" report has been added to ResearchAndMarkets.com's offering.
The GCC electric motor market reached a value of US$ 750 Million in 2016.
Rising fuel prices have generated a preference towards electric vehicles which do not cause carbon emissions. Owing to this, the governments of the GCC countries are highly supportive of electric vehicles, thereby facilitating the market growth. Apart from this, the use for commercial and industrial HVAC units is also rising in the region, in turn, stimulating the demand for electric motors.
Growing petrochemical industry, expansion of industrial sector, establishment of special economic zones along with upcoming infrastructure projects in the GCC region have further propelling the growth prospects of the market. As a result, the market is expected to reach a value of around US$ 1030 Million by 2022, growing at a CAGR of more than 5% during 2017-2022.
The report has segmented the GCC electric motor market on the basis of efficiency into IE1, IE2, IE3, and IE4. Amongst these, IE2 motors hold the largest share. The market is further categorised on the basis of applications covering pumps and fans, compressors, and others. On the basis of end-use, HVAC represents the largest end-use industry.
Some of the major players are ABB, Siemens, WEG Industries, NIDEC Corporation, and TECO Middle East Electrical & Machinery Co. Ltd.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Electric Motor Market
6 Global Low Voltage Electric Motor Market
7 GCC Low Voltage Electric Motor Market
8 GCC Electric Motor (Low Voltage) Market: Performance by Efficiency
9 GCC Electric Motor (Low Voltage) Market: Performance by End-Use Industry
10 GCC Electric Motor (Low Voltage) Market: Performance by Applications
11 GCC Electric Motor (Low Voltage) Market: Performance Of Key Regions
12 Competitive Landscape
13 Electric Motor Manufacturing Process
14 Project Details, Requirements and Costs Involved
15 Loans and Financial Assistance
16 Project Economics
17 Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/research/rhnr33/gcc_electric?w=4