|By PR Newswire||
|April 1, 2014 06:15 PM EDT||
DUBLIN, April 1, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lcglr4/saudi_arabia) has announced the addition of the "Saudi Arabia Electric Motors Market Forecast and Opportunities to 2019" report to their offering.
According to Saudi Arabia Electric Motors Market Forecast & Opportunities to 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 Arabia's 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.
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.
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with electric motors manufacturers and channel partners in Saudi Arabia. Secondary research included an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.
Key Topics Covered:
1. Research Methodology
2. Analyst Briefing
3. Global Electric Motors Market Outlook
4. Saudi Arabia Electric Motors Market Outlook
5. Saudi Arabia Miniature Motors Market Outlook
6. Saudi Arabia Small Motors Market Outlook
7. Saudi Arabia Medium Motors Market Outlook
8. Saudi Arabia Large Motors Market Outlook
9. Market Dynamics
10. Saudi Arabia Electric Motors Market Trends & Developments
11. Policy & Regulatory Landscape
12. Trade Dynamics
13. Saudi Arabia Economic Profile
14. Competitive Landscape
15. Strategic Recommendations
- ABB Electrical Industries Co. Ltd.
- Ashoor Electric Motors Factory
- CG Power Systems Belgium NV
- Saudi French Company
- Siemens Saudi Arabia
- TECO Middle East Electrical and Machinery Co. Ltd.
- WEG Middle East FZE
For more information visit http://www.researchandmarkets.com/research/lcglr4/saudi_arabia
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets