Kuwait electric motors market is
projected to grow at a CAGR of over 5%, in value terms, during 2022-2027. Increasing
power demand, growing industrialization, improving commercial and residential
infrastructure, growing penetrations of eco-friendly material, need for
flexibility in product manufacturing and facilitates are some factors, that
will propel the growth of Kuwait electric motors over the next five years. Kuwait
electric motors market is anticipated to have a constant growth owing to
factors such as rising penetration of HVAC applications, growing demand for
fuel-efficient transportation and increasing demand from various end-user
across the world. Market for >1Hp motors is anticipated to register highest
growth rate from 2021-2027, considering the growth in the market would be
surged by various end-users such as per & pulp, chemicals, wastewater, and
construction among others.
Some of the major players operating in
Kuwait Electric Motor are ABB Electrical Industries Co. Ltd., Siemens Limited,
Nidec Motor Corporation, CG Power Systems Belgium NV, ATB SCHORCH GmbH, Alfanar
Electrical Systems LLC, TECO Middle East Electrical and Machinery Co. Ltd, WEG
Middle East FZE, Ashoor Electric Motors Factory, Saudi French Company etc.
Objective of the Study:
- To analyze and forecast the market size of Kuwait electric motor market, in terms of value.
- To classify and forecast Kuwait electric motor market based on motor type, voltage, end users and regional distribution.
- To identify drivers and challenges for Kuwait electric motor market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Kuwait electric Motor market.
- To conduct the pricing analysis for Kuwait electric motor market.
- To identify and analyze the profile of leading players involved in the supply of Kuwait electric motor manufacturers.
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To perform the study, TechSci
Research conducted primary as well as exhaustive secondary research. Initially,
TechSci Research prepared an exhaustive list of electric motor market manufacturers operating in Kuwait. Subsequently,
TechSci Research conducted primary research surveys, which include primary
calls, email responses, etc., with the identified companies. While
interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analysed product offerings, distribution channels,
and regional presence of all major companies of Kuwait electric motor.
TechSci Research calculated the market size for Kuwait electric motor market using a bottom-up technique, wherein manufacturers value data for different applications, were recorded as well as forecast for the future years. TechSci Research sourced these values
from industry experts and company representatives, and externally validated
through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple
secondary sources such as directories, databases such as Company Websites,
company annual reports, white papers, investor presentations and financial
reports were also used by TechSci Research.
Key Target
Audience
- Electric motors manufacturers.
- Electric motor equipment manufacturers
- Energy Association
- Environment Association
- Research organizations and consulting companies.
- Associations, organizations, forums and alliances related to electric motors manufacturing.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several
critical questions that are important for industry stakeholders such as electric motors market manufacturer,
customers and policy makers. The study would also help them to target
the growing segments over the coming years (next two to five years), thereby aiding
the stakeholders in taking investment decisions and facilitating their
expansion.
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Attribute
|
Details
|
|
Base
Year
|
2021
|
|
Historical
Years
|
2017 –
2020
|
|
Estimated
Year
|
2022E
|
|
Forecast
Period
|
2023F –
2027F
|
|
Quantitative
Units
|
Revenue in
USD Million and CAGR for 2017-2021 and 2022E-2027F
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
·
Type
·
Voltage
·
End User
|
|
Region
Scope
|
Al Asimah; Al
Farwaniya; Hawalli; Al Ahmadi: Rest of Kuwait
|
|
Key
Companies Profiled
|
ABB
Electrical Industries Co. Ltd., Siemens Limited, Nidec Motor Corporation, CG
Power Systems Belgium NV, ATB SCHORCH GmbH, Alfanar Electrical Systems LLC,
TECO Middle East Electrical and Machinery Co. Ltd, WEG Middle East FZE,
Ashoor Electric Motors Factory, Saudi French Company etc.
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Kuwait Electric Motor Market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- Market, by Type:
- Market, by Voltage:
- < 1 kV (Low)
- 1 kV–6.6 kV (Medium)
- > 6.6 kV (High)
- Market, by End Users:
- Commercial
- Transportation
- Residential
- Agriculture
- Industrial
- Market, by Region:
- Al Asimah
- Al Farwaniya
- Hawalli
- Al Ahmadi
- Rest of Kuwait
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Kuwait electric motor market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
In case you don’t find what, you are
looking for, please get in touch with our custom research team at [email protected]
It is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at
[email protected]