Report Overview

Saudi Arabia Electric Motor Market – Industry Trends & Forecast Report, 2031

Saudi Arabia Electric Motor Market size was estimated at USD 2.7 billion in 2024. During the forecast period between 2025 and 2031, Saudi Arabia Electric Motor Market size is projected to grow at a CAGR of 7.3% reaching a value of USD 4.4 billion by 2031. Prominent drivers of the market include rising urbanization and increasing disposable income, leading to greater adoption of electrical appliances such as washing machines, dishwashers, and microwaves. The hot climate also drives demand for air conditioning systems powered by electric motors. Also, the trend of replacing gas turbines with electric motors in industrial plants is boosting market growth. Government policies supporting new industries, coupled with significant investments in construction and infrastructure projects, further propel demand. The growing focus on environmental sustainability and the increasing adoption of electric vehicles are also expected to significantly enhance market expansion.

Electric Motor – Overview

An electric motor is an electro-mechanical device that transforms electrical energy into mechanical energy through electromagnetic principles, generating torque via the interaction of current-carrying conductors with a magnetic field. Known for its efficiency, energy savings, durability, and ability to withstand voltage fluctuations, it is widely used in fans, disk drives, compressors, and electric vehicles. These applications span residential, real estate, manufacturing, and commercial sectors. Currently, the demand for electric motors in Saudi Arabia is growing, driven by major construction projects initiated by the government.

Saudi Arabia Electric Motor Market

Growth Drivers

Increasing Adoption of Electric Motors in Renewable Energy Projects

The increasing adoption of electric motors in renewable energy projects is a key growth driver for Saudi Arabia Electric Motor Market. Under the Kingdom’s "Vision 2030," renewable energy initiatives, such as solar photovoltaic (PV) plants, wind turbines, and energy storage systems, are heavily reliant on electric motors to enhance efficiency and sustainability. Advanced technologies like digitally-enabled variable speed drives (VSDs) are optimizing motor performance, reducing energy consumption, and enabling real-time monitoring for proactive maintenance. For example, the Saudi Water Conversion Corporation (SWCC) has implemented VSDs at its desalination plant, achieving up to 60% energy savings. Additionally, energy efficiency audits and customized service agreements offered by companies like ABB are supporting industries in upgrading motor-driven systems to align with sustainability goals. These developments not only reduce carbon emissions but also reinforce Saudi Arabia’s commitment to achieving net-zero targets by 2060, making electric motors integral to the Kingdom’s renewable energy transformation and a significant contributor to the growth of Saudi Arabia Electric Motor Market.

Challenges

High Initial Costs

The high initial costs associated with advanced electric motors could be a significant restraint on the growth of Saudi Arabia Electric Motor Market. Modern motors, equipped with advanced features, such as variable speed drives (VSDs) and digital monitoring systems, offer enhanced efficiency and energy savings but require substantial upfront investment. These costs could deter adoption, particularly among small and medium-sized enterprises (SMEs) with limited budgets. Additionally, the expenses related to installation, maintenance, and system integration further contribute to the financial burden. Despite their long-term benefits, the high capital outlay required for advanced electric motors poses a challenge to widespread adoption, slowing market expansion in cost-sensitive industries and sectors.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Electric Motor Market

Escalating geopolitical tensions could significantly impact the growth of Saudi Arabia Electric Motor Market by disrupting supply chains and increasing the costs of raw materials, such as copper, steel, and aluminum, which are critical for motor production. Trade restrictions, sanctions, and fluctuating global energy prices further exacerbate market uncertainties, impacting manufacturing and distribution. Additionally, military tensions could delay renewable energy projects and infrastructure developments, which are key drivers of electric motor demand in the Kingdom. While the Saudi government continues to invest in local manufacturing to mitigate external risks, the market remains vulnerable to geopolitical disruptions that may hinder its growth trajectory and affect long-term plans for economic diversification under "Vision 2030."

Saudi Arabia Electric Motor Market

Segmental Coverage

Saudi Arabia Electric Motor Market – By Motor Type

Based on motor type, Saudi Arabia Electric Motor Market is bifurcated into AC Motors and DC Motors segments. The DC motors segment holds a higher share in Saudi Arabia Electric Motor Market by motor type. Widely used across key industries, such as petrochemicals, manufacturing, mining, and agriculture, DC motors play a vital role in powering conveyor systems, material handling equipment, and manufacturing machinery. In the oil and gas sector, their rugged design makes them ideal for pumps, compressors, and drilling machinery, while in construction, they are used in cranes and hoists to meet the growing demand fueled by infrastructure development. Additionally, DC motors support marine applications, transportation systems like trains, and renewable energy projects, including solar tracking systems for optimizing energy capture, highlighting their versatile and critical role in the Kingdom’s industrial growth.

Saudi Arabia Electric Motor Market – By Voltage Range

By voltage range, Saudi Arabia Electric Motor Market is divided into Low Voltage Electric Motors (Less than 1 kV), Medium Voltage Electric Motors (1 kV to 6.6 kV), and High Voltage Electric Motors (Above 6.6 kV) segments.

Saudi Arabia Electric Motor Market – By Power Output

Based on power output, Saudi Arabia Electric Motor Market is bifurcated into Fractional Horsepower (FHP) Motors and Integral Horsepower (IHP) Motors segments.

Saudi Arabia Electric Motor Market – By Application

Saudi Arabia Electric Motor Market by application is divided into Industrial, Residential, Commercial, and Agriculture segments. The industrial segment holds the largest share of Saudi Arabia Electric Motor Market by application. The oil and gas industry, a cornerstone of Saudi Arabian economy, drives substantial demand for electric motors in pumps, compressors, and drilling equipment. Additionally, the Kingdom’s growing manufacturing sector, part of its economic diversification efforts, relies on electric motors for conveyor systems, HVAC systems, and industrial machinery. Significant investments in infrastructure projects, including railways, airports, and smart cities, further boost demand for electric motors in construction equipment, elevators, and HVAC systems. Moreover, the petrochemical industry and water treatment plants utilize electric motors extensively, reflecting their vital role in chemical processes, wastewater management, and addressing water scarcity.

Saudi Arabia Electric Motor Market – By End User

On the basis of end user, Saudi Arabia Electric Motor Market is divided into HVAC, Automotive, Manufacturing, Water & Wastewater Treatment, and Construction segments.

Competitive Landscape

Major players operating in Saudi Arabia Electric Motor Market include ABB Ltd, Siemens AG, WEG Industries, TECO Electric & Machinery, Nidec Corporation, Emerson Electric Co., Denso Corporation, Meem, Ashoor Electric Motors Co., and Atlas Copco. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Motor Type

• AC Motors

• DC Motors

By Voltage Range

• Low Voltage Electric Motors (Less than 1 kV)

• Medium Voltage Electric Motors (1 kV to 6.6 kV)

• High Voltage Electric Motors (Above 6.6 kV)

By Power Output

• Fractional Horsepower (FHP) Motors

• Integral Horsepower (IHP) Motors

By Application

• Industrial

• Residential

• Commercial

• Agriculture

By End User

• HVAC

• Automotive

• Manufacturing

• Water & Wastewater Treatment

• Construction

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Electric Motor Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing industrialization and manufacturing activities
         2. Increasing adoption of electric motors in renewable energy projects
         3. Rising demand for HVAC systems in residential and commercial buildings
      2. Restraints
         1. High initial costs of advanced electric motors
         2. Challenges related to maintenance and skilled workforce availability
      3. Opportunities
         1. Investments in smart grid and smart city projects.
         2. Rising demand for electric vehicles (EVs) in the region
      4. Challenges
         1. Fluctuations in raw material prices affecting production costs
         2. Limited awareness among smaller businesses about energy-efficient motors
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Saudi Arabia Electric Motor Market: Marketing Strategies
5. Saudi Arabia Electric Motor Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Motor Type
         1. AC Motors
         2. DC Motors
      2. By Voltage Range
         1. Low Voltage Electric Motors (Less than 1 kV)
         2. Medium Voltage Electric Motors (1 kV to 6.6 kV)
         3. High Voltage Electric Motors (Above 6.6 kV)
      3. By Power Output
         1. Fractional Horsepower (FHP) Motors
         2. Integral Horsepower (IHP) Motors
      4. By Application
         1. Industrial
         2. Residential
         3. Commercial
         4. Agriculture
      5. By End User
         1. HVAC
         2. Automotive
         3. Manufacturing
         4. Water and Wastewater Treatment
         5. Construction
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Saudi Arabia Electric Motor Company Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
7. Impact of Escalating Geopolitical Tensions on Saudi Arabia Electric Motor Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. ABB Ltd
   2. Siemens AG
   3. WEG Industries
   4. TECO Electric & Machinery
   5. Nidec Corporation
   6. Emerson Electric Co.
   7. Denso Corporation
   8.  Meem
   9. Ashoor Electric Motors Co.
   10. Atlas Copco
   11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Saudi Arabia Electric Motor Segmentation

Figure 2       Saudi Arabia Electric Motor Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       Saudi Arabia Electric Motor Market Size, By Value (USD Billion), 2019–2031

Figure 5       Saudi Arabia Electric Motor Market Share, By Motor Type, By Value (USD Billion), 2019–2031

Figure 6       Saudi Arabia Electric Motor Market Share, By Voltage Range, By Value (USD Billion), 2019–2031

Figure 7       Saudi Arabia Electric Motor Market Share, By Power Output, By Value (USD Billion), 2019–2031

Figure 8       Saudi Arabia Electric Motor Market Share, By Application, By Value (USD Billion), 2019–2031

Figure 9       Saudi Arabia Electric Motor Market Share, By End User, By Value (USD Billion), 2019–2031

List of Tables

Table 1        Saudi Arabia Electric Motor Market Size, By Value (USD Billion), 2019–2031

Table 2        Saudi Arabia Electric Motor Market Size, By Motor Type, By Value (USD Billion), 2019–2031 

Table 3    Saudi Arabia Electric Motor Market Size, By Voltage Range, By Value (USD Billion), 2019–2031 

Table 4        Saudi Arabia Electric Motor Market Size, By Power Output, By Value (USD Billion), 2019–2031 

Table 5        Saudi Arabia Electric Motor Market Size, By Application, By Value (USD Billion), 2019–2031 

Table 6        Saudi Arabia Electric Motor Market Size, By End User, By Value (USD Billion), 2019–2031 

Table 7        ABB Ltd Company Overview

Table 8        ABB Ltd Financial Overview

Table 9        Siemens AG Company Overview

Table 10      Siemens AG Financial Overview

Table 11      WEG Industries Company Overview

Table 12      WEG Industries Financial Overview

Table 13      TECO Electric & Machinery Company Overview

Table 14      TECO Electric & Machinery Financial Overview

Table 15      Nidec Corporation Company Overview

Table 16      Nidec Corporation Financial Overview

Table 17      Emerson Electric Co. Company Overview

Table 18      Emerson Electric Co. Financial Overview

Table 19      Denso Corporation Company Overview

Table 20      Denso Corporation Financial Overview

Table 21      Meem Company Overview

Table 22      Meem Financial Overview

Table 23      Ashoor Electric Motors Co. Company Overview

Table 24      Ashoor Electric Motors Co. Financial Overview

Table 25      Atlas Copco Company Overview

Table 26      Atlas Copco Financial Overview