Saudi Arabia Induction Motor Market

An induction motor refers to an AC electric motor in which torque is obtained by the reaction between the current induced in the coils of the rotor and the varying magnetic field generated in the stator. It is also known as an asynchronous motor as it runs at a slower speed than the synchronous motor. The induction motors are of two types depending upon the input supply: Single-phase and Three-phase induction motor. These motors are mainly used in numerous applications across various sectors including industrial, commercial, and residential sector.

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The major factors boosting the demand of the Saudi Arabia induction motor market during the forecast period include the expansion in the petrochemical industry due to the growing investment by the Saudi Arabian government and the increasing infrastructure projects across Saudi Arabia. For instance, Saudi Arabia has numerous ongoing petrochemical projects, including the polyacrylamide plant and an ammonia project in Jubail. The government is mainly focusing on infrastructure and construction activities such as the smart city project “NEOM” and the Saudi Vision 2030, which will drastically increase the energy consumption of the country, thereby boosting the market of induction motors. Moreover, the government has launched numerous initiatives to support industrial development in the country, which will have a positive impact on the demand for the Saudi Arabia induction motor market over the coming years. The induction motors are highly efficient, consume less energy, require less maintenance, and have a longer lifespan. These motors can operate in any environmental condition and are cost-effective, thereby attracting a large number of end-users towards the adoption of induction motors to reduce energy consumption and protect the environment at the same time. On the other hand, difficulty in the speed control of induction motors will hamper the growth of the market during the forecast period.

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Based on the type, the three-phase induction motor segment is expected to grow at a higher CAGR during the forecast period. The significant increase in the demand for construction machines, including drilling machines, cranes, and crushers, which uses three-phase induction motors followed by the growing construction and infrastructural activities in Saudi Arabia, will have a positive impact on the demand of three-phase induction motors. The three-phase induction motors are used in different applications such as in agriculture pumps, oil extracting mills, high capacity exhaust fans, drilling machines, lathes, crushers, lifts, and cranes.

Based on the application, the commercial segment is projected to grow at a higher CAGR during the forecast period owing to the increasing ongoing and upcoming infrastructure projects in Saudi Arabia, such as Neom, Qiddiya, Saudi Arabia Vision 2030, Jeddah Tower, and the Red Sea Project. The drilling machines, cranes, and crushers used in the construction activities use induction motors in the operation process. The industrial segment is expected to grow at a higher CAGR during the forecast period owing to the growing number of industrial projects in Saudi Arabia under vision 2030. The National Industrial Development and Logistics Programme (NIDLP) focuses on transforming Saudi Arabia into a leading industrial powerhouse and a global leader in logistical services in four sectors, including Industrial, Mining, Energy, and Logistics. All these initiatives will surge the development of various industries, thereby accelerating the demand for induction motors in Saudi Arabia over the coming years.

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Various notable players in the Induction Motor market include ABB Saudi Arabia, Siemens Saudi Arabia, NIDEC Corporation, WEG Industries, TECO Middle East Electrical & Machinery Co. Ltd., Atlas Copco Saudi Arabia, General Electric Saudi Arabia, among others.

The Saudi Arabia Induction Motor market has been segmented based on the type and application. Based on the type, the market is segmented Single Phase Induction Motor and Three Phase Induction Motor. Based on the application, the market is segmented into Residential, Industrial, and Commercial.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Induction Motor market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia Induction Motor market? What will be the impact of drivers and restraints in the future?
  • Which type of induction motor generated maximum revenues in 2019 and identify the most promising type of induction motors during the forecast period?
  • What are the various application of the Saudi Arabia Induction Motor market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Induction Motor Market by Type

• • Single Phase Induction Motor
  • Three Phase Induction Motor

Saudi Arabia Induction Motor Market by Application

• • Residential
  • Industrial
  • Commercial

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

• • ABB Saudi Arabia
  • Siemens Saudi Arabia
  • NIDEC Corporation
  • WEG Industries
  • TECO Middle East Electrical & Machinery Co. Ltd.
  • Atlas Copco Saudi Arabia
  • General Electric Saudi Arabia