Saudi Arabia Electric Motor Market (2017-2023): Forecast By Types, Voltage, End Users, Applications & Regions - Research and Markets
Research and Markets has announced the addition of the "Saudi
Arabia Electric Motor Market (2017-2023): Forecast By Types, Voltage,
End Users, Applications, Regions, Import Statistics, and Competitive
Landscape" report to their offering.
Growing petrochemical industry, expansion of industrial sector along
with upcoming infrastructure projects are some of the key factors which
would fuel the growth of Saudi Arabia electric motor market in the
forecast period. Additionally, expected recovery of oil prices would
also increase government funding in oil & gas and petrochemical
projects, which would further drive the demand for electric motors in
the country.
According to research, Saudi Arabia electric motor market revenues are
projected to grow at a CAGR of 5.3% during 2017-2023. The market has
declined in 2015 and 2016 and same trend is expected in 2017 as well.
However, the market is likely to recover post 2017 due to expected
recovery of oil prices. Changing government policies, establishment of
special economic zones and expansion of automotive manufacturing as well
as growth in petrochemical industry would spur the market for electric
motors in Saudi Arabia.
Amongst all end users, the Petrochemical, Chemicals and Fertilizers
(PCF), oil & gas and water & utilities sectors dominated the market,
where major growth is exhibited in the Petrochemical, Chemicals, and
Fertilizers (PCF) and water and utilities segments. The key players in
Saudi Arabia electric motor market include: ABB, Siemens, WEG, Teco and
Nidec.
Companies Mentioned
-
ABB Ltd.
-
Ashoor Electric Motors
-
ATB SCHORCH GmbH
-
CG Power Systems Belgium NV
-
General Electric Company
-
Nidec Corporation
-
Siemens AG
-
TECO Middle East Electrical and Machinery Co. Ltd.
-
WEG Middle East FZE
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Saudi Arabia Electric Motor Market Overview
4. Saudi Arabia Electric Motor Market Dynamics
5. Saudi Arabia Electric Motor Market Trends
6. Saudi Arabia Electric Motor Market Overview, By Types
7. Saudi Arabia Electric Motor Market Overview, By Voltage
8. Saudi Arabia Electric Motor Market Overview, By End Users
9. Saudi Arabia Electric Motor Market Overview, By Applications
10. Saudi Arabia Electric Motor Market Overview, By Regions
11. Saudi Arabia Government Spending Outlook
12. Saudi Arabia Electric Motor Refurbishment Market Overview
13. Market Opportunity Assessment
14. Import Statistics
15. Competitive Landscape
16. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5m355z/saudi_arabia
View source version on businesswire.com: http://www.businesswire.com/news/home/20170516005971/en/
Copyright Business Wire 2017
Source: Business Wire
(May 16, 2017 - 8:33 AM EDT)
News by QuoteMedia
www.quotemedia.com