Dublin, June 18, 2019 (GLOBE NEWSWIRE) -- The "Saudi Arabia Electric Motor Market (2019-2025): Market Forecast by Types, by Voltage, by End Users, by Applications, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia electric motor market revenues are projected to grow at a CAGR of 5.2% during 2019-2025.

Development of public infrastructure a well as a change in government policies to support the establishment of new industries coupled with large-scale investment in the power and water utility sectors are the key drivers for the growth of electric motors market in Saudi Arabia.

The market slowed down in 2015 and 2016, due to the oil crisis in the Middle East. However, the market recovered post-2017 due to the recovery of oil prices. Changing government policies, the establishment of special economic zones and expansion of automotive manufacturing as well as growth in the petrochemical industry would further fuel the electric motors market in Saudi Arabia.

Amongst all end users, the Petrochemical, Chemicals, and Fertilizers (PCF) segment held the highest revenue shares in 2018, whereas major growth is exhibited in the water and utility segment, which would contribute key revenues in future. Some of the key players in Saudi Arabia electric motors market include ABB, Siemens, WEG, Teco and Nidec.

The report thoroughly covers the by types, voltage, applications, end users and regions. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

Markets Covered

The report provides a detailed analysis of the following market segments:

By Types:

By Voltage:

By End Users:

By Applications:

By Regions:

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/vunl1h

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Related Topics: Motors