Saudi Arabia Energy Efficient Motor Market

Saudi Arabia Energy Efficient Motor Market Overview

An energy efficient motor provides similar output as a conventional motor but consumes less power and amount. Through enhanced design specifications, energy efficient motors are capable enough in reducing loss and improving efficiency. In the industrial sector conventional motors consume more than 65% of the total energy, which creates the problem of large energy gap and crunch between demand and supply. Therefore, energy efficient motors are efficient in eradicating poor performing models from the market.

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Major Saudi Arabia Energy Efficient Motor Market Drivers

The major drivers accelerating the growth of the Saudi Arabia Energy Efficient Motor market include the rapid industrialization and rising need of conserving energy resources. In order to preserve natural resources and to reduce wastage, the government of Saudi Arabia has launched the National Energy Efficiency Program (NEEP) to promote and initiate energy efficiency measures such as equipment standards, energy audits, technical training, energy service companies, and energy efficiency standards. Therefore, the implementation of energy efficient motor will save cost of electricity, reduce the greenhouse effect, lowers maintenance cost, and enhances industrial operations, which is leading to the high adoption of energy efficient motors in Saudi Arabia.

Increasing focus of Saudi Arabian’s government towards the adoption of energy efficient solutions is one of the key trends observed in Saudi Arabia Energy Efficient Motor market. The government unit named Saudi Arabia Standards Organization (SASO) took steps to reduce energy demand by using advanced insulating materials in the construction of new commercial buildings. However, the high initial cost of investment for energy efficient motors is likely to hinder the growth of Energy Efficient Motor market in Saudi Arabia.

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Based on efficiency level, the market is segmented into IE4, IE3, IE2, IE1. Among them, the IE4 would register a faster CAGR during the forecast period. IE4 is considered as super-premium standard, provides high efficiency and benefits compressed air users. It lowers the working temperature, which reduces thermal stress on motors, leading to the extended life cycle of motor. Therefore, all these remarkable benefits are propelling the growth of IE4 segment in Saudi Arabia Energy Efficient Motor market.

On the basis of application, the market is bifurcated into AC motor and DC motor. The AC motor is projected to grow at a higher CAGR over the forecast period. They are inexpensive, smaller, and lighter in weight, along with being substantially used in HVAC equipment. The increasing adoption of electric AC motors in automotive industry has fuelled the growth of Energy Efficient Motor market in Saudi Arabia.

Based on the application, the market is divided into HVAC, fans, pumps, compressors, refrigeration, material handling, and material processing. Among them, the HAVAC category would witness a faster CAGR during the forecast period as HAVAC systems improve the overall efficiency of motor and drive system, reduces energy use and plant downtime.

On the basis of vertical, the market is bifurcated into industrial, commercial building, residential, automotive, material handling, and material processing. This is attributed to the increased demand for energy-efficient motors from various industries, especially automotive and household in the region and their increasing focus toward adopting energy efficient solutions to save natural resources.

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Top Market Players

The key players of Saudi Arabia Energy Efficient Motor market include ABB, Siemens AG, General Electric Company, Schneider Electric, Nidec Motor Corporation, Rockwell Automation Inc, CG Power, and Industrial Solutions Limited, Bosch Rexroth AG, Emerson Electric Co, and Honeywell International, Inc.

Segments covered in the Report:

The Saudi Arabia Energy Efficient Motor market has been segmented based on efficiency level IE4, IE3, IE2, IE1. Based on type, AC Motors, DC Motors. Based on application, HVAC, Fans, Pumps, Compressors, Refrigeration, Material Handling, Material Processing. Based on vertical, Industrial, Commercial Building, Residential, Automotive, Aerospace and Defense, Agriculture.

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Market Segmentation

Saudi Arabia Energy Efficient Motor Market by Efficiency Level

• • IE4
  • IE3
  • IE2
  • IE1

Saudi Arabia Energy Efficient Motor Market by Type

• • AC Motors
  • DC Motors

Saudi Arabia Energy Efficient Motor Market by Application

• • HVAC
  • Fans
  • Pumps
  • Compressors
  • Refrigeration
  • Material Handling
  • Material Processing

Saudi Arabia Energy Efficient Motor Market by Vertical

• • Industrial
  • Commercial Building
  • Residential
  • Automotive
  • Aerospace and Defense
  • Agriculture

Leading Market Players (Option: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Siemens AG
  • General Electric Company
  • Schneider Electric
  • Nidec Motor Corporation
  • Rockwell Automation Inc
  • CG Power and Industrial Solutions Limited
  • Bosch Rexroth AG
  • Emerson Electric Co.
  • Honeywell International, Inc.