Saudi Arabia Electric Drives Market 2017-2023

21 July, 2017 Mumbai, India: Market Reports on Saudi Arabia presents a new report on “Saudi Arabia Electric Drives Market 2017-2023”, in terms of power rating, high power drives dominated the market revenues on account of their huge consumption in the oil & gas and petrochemical industry.

Saudi Arabia Electric Drives Market (2017-2023): Market Forecast by Types (AC Drives and DC Drives), Voltage (Low Voltage Drives (< 1 KV) and Medium Voltage Drives (1 KV & Above)), Power (Low Power Drives (< 40 kW), Medium Power Drives (41 – 200 kW) and High Power Drives (> 200 kW)), End User (Oil and Gas, Petrochemical, Chemicals, and Fertilizers, Power Generation and Desalination, Water & Waste Water Management, Metals, Mining and Cement and Others), Applications (Pumps, Compressors, Extrudes, Fans, Conveyors and Others), Regions (Central, Southern, Eastern and Western) and Competitive Landscape

Electrical Drives
Growing manufacturing sector on account of government policies to support establishment of new industries along with large scale investments in the water utility and waste water management sectors are the key drivers for the growth of electric drives market in Saudi Arabia. Although, currently the market volume declined in 2016 due to lower government spending as a result of budget deficit on the back of falling crude oil prices.

Growing petrochemical industry, expansion of industrial sector along with upcoming infrastructural projects are some of the key factors which would fuel the growth of Saudi Arabia Electric Drives market over the next six years. Further, expected recovery of oil prices would also increase government funding in oil & gas and petrochemical projects which would drive the demand for electric drives in the country.

Saudi Arabia Electric Drives market revenues are projected to grow at a CAGR of 5.3% during 2017-23. Though, the market witnessed decline in 2015 and 2016 and the same trend is expected in 2017 as well, however, the market is likely to improve post 2017 due to anticipated recovery of oil prices. Changing government policies, economic diversification, expansion of automotive manufacturing as well as growth in petrochemical industry would fuel the market for electric Drives in Saudi Arabia.

In terms of power rating, high power drives dominated the market revenues on account of their huge consumption in the oil & gas and petrochemical industry. Further, high power drives would continue to dominate during the forecast period. Among all end users, the Petrochemical, Chemicals and Fertilizers (PCF), Oil & Gas, Water and Utilities sectors dominated the market, where major growth is exhibited in the PCF and Water and Utilities sectors. The key players in Saudi Arabia electric Drives market include- ABB, Schneider, Siemens and Rockwell and Danfoss.

The report thoroughly covers the Saudi Arabia Electric Drives market by types, applications, end users and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, 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:
• Historical Data of Saudi Arabia Electric Drives Market Revenues & Volume for the Period 2015-2016.
• Market Size & Forecast of Saudi Arabia Electric Drives Market Revenues & Volume until 2023.
• Historical Data of Saudi Arabia Electric Drives Market Revenues & Volume by Types for the Period 2015-2016.
• Market Size & Forecast of Saudi Arabia Electric Drives Market Revenues & Volume by Types until 2023.
• Historical Data of Saudi Arabia Electric Drives Market Revenues & Volume by Voltage for the Period 2015-2016.
• Market Size & Forecast of Saudi Arabia Electric Drives Market Revenues & Volume by Voltage until 2023.
• Historical Data of Saudi Arabia Electric Drives Market Revenues & Volume by Power for the Period 2015-2016.
• Market Size & Forecast of Saudi Arabia Electric Drives Market Revenues & Volume by Power until 2023.
• Historical Data of Saudi Arabia Electric Drives Market Revenues by End User for the Period 2015-2016.
• Market Size & Forecast of Saudi Arabia Electric Drives Market Revenues by End User until 2023.
• Historical Data of Saudi Arabia Electric Drives Market Revenues by Application for the Period 2015-2016.
• Market Size & Forecast of Saudi Arabia Electric Drives Market Revenues by Application until 2023.
• Market Drivers and Restraints.
• Market Trends and Developments.
• Players Market Share.
• Company Profiles.
• Key Strategic Pointers.

Markets Covered
The report provides detailed analysis of the following market segments:
• By Types
– AC Drives
– DC Drives

  • By Voltage
    – Low Voltage Drives (< 1 Kv)
    – Medium Voltage Drives (1 Kv & Above)
  • By Power
    – Low Power Drives (< 40 kW)
    – Medium Power Drives (41 – 200 kW)
    – High Power Drives (> 200 kW)
  • By End User
    – Oil and Gas
    – Petrochemical, Chemicals, and Fertilizers
    – Power Generation and Desalination
    – Water & Waste Water Management
    – Metals, Mining and Cement
    – Others (includes Food and Beverages, Paper and Pulp etc.)
  • By Applications
    – Pumps
    – Compressors
    – Extrudes
    – Fans
    – Conveyors
    – Other Applications
  • By Regions
    – Central
    – Southern
    – Eastern
    – Western

Table of Contents
1. Executive Summary
2. Introduction
3. Saudi Arabia Electric Drives Market Overview
4. Saudi Arabia Electric Drives Market Dynamics
5. Saudi Arabia Electric Drives Market Trends
6. Saudi Arabia Electric Drives Market, by Types
7. Saudi Arabia Electric Drives Market, by Voltage
8. Saudi Arabia Electric Drives Market, by Power
9. Saudi Arabia Electric Drives Market, by End User
10. Saudi Arabia Electric Drives Market, by Applications

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