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, Market insights research conducted primary as well as exhaustive secondary research. Initially, Market insights research prepared an exhaustive list of
Market insights research calculated the market size for
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.
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Attribute
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Details
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Base
Year
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2021
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Historical
Years
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2017 –
2020
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Estimated
Year
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2022E
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Forecast
Period
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2023F –
2027F
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Quantitative
Units
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Revenue in
USD Million and CAGR for 2017-2021 and 2022E-2027F
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Report
Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments
Covered
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·
Type
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Voltage
·
End User
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Region
Scope
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Al Asimah; Al
Farwaniya; Hawalli; Al AhmadiRest of Kuwait
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Key
Companies Profiled
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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.
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Customization
Scope
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10% free
report customization with purchase. Addition or alteration to regional &
segment scope.
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Pricing
and Purchase Options
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Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
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