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Saudi Arabia Electric Motors Market

  • Date Submitted: 09/19/2016 11:11 PM
  • Flesch-Kincaid Score: 20.4 
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20 Sep 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Electric Motors Market” Electric motor refurbishment / repair services market in Saudi Arabia is also growing, due to various huge ongoing construction projects such as mega cities, metro rail and hotels.

Electric motors are integral components used in various applications such as pumps, compressors, mechanical movement and fans. Electric motors are widely used in diverse sectors encompassing residential, manufacturing, commercial, real estate and others. Growing number of power plants and oil rigs, coupled with rapid commercialization and urbanization is boosting demand for electric motors in Saudi Arabia. Moreover, rising demand for air conditioning and HVAC systems is also propelling growth in the country’s electric motors market. Saudi Arabia’s electric motors market is highly import dependent market, with only one domestic electric motor manufacturing facility operating in the country.

According to “Saudi Arabia Electric Motors Market By Type, By End User, By Application, By Rating, Competition Forecast & Opportunities, 2011 – 2021”, electric motors market in Saud Arabia is projected to grow at a CAGR of 8% during 2016 - 2021, especially due to increasing demand from commercial and industrial sectors. Presence of large oil & gas fields such as Al-hasa, Qatif, Safaniya, Al-Jauf and Turaif in the country, huge manufacturing industry base in northern & eastern regions, and increasing inflow of pilgrims visiting Makkah and Madina leading to a surge in commercial and transportation activities, are few of the major factors anticipated to boost demand for electric motors in the coming years. Electric motor refurbishment / repair services market in Saudi Arabia is also growing, due to various huge ongoing construction projects such as mega cities, metro rail and hotels. “Saudi Arabia Electric Motors Market By Type, By End User, By Application, By Rating,...

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