Saudi Arabia Low Voltage Electric Motor Market Overview
Market Size in 2024 : USD 142.0 Million
Market Size in 2033: USD 200.4 Million
Market Growth Rate 2025-2033: 3.90%
According to IMARC Group's latest research publication,"Saudi Arabia Low Voltage Electric Motor Market Size, Share, Trends and Forecast by Efficiency, Application, End-Use Industry, and Region, 2025-2033", The Saudi Arabia low voltage electric motor market size reached USD 142.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 200.4 Million by 2033, exhibiting a growth rate (CAGR) of 3.90% during 2025-2033.
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Saudi Arabia Low Voltage Electric Motor Industry: Growth Factors and Trends
- Rapid Urbanization and Infrastructure Development
Saudi Arabia’s fast-growing cities and massive infrastructure projects are fueling demand for low voltage electric motors. With the population reaching 37.21 million in January 2024, urban centers like Riyadh and Jeddah are expanding, requiring modern utilities like HVAC systems, water pumps, and elevators. These systems rely heavily on low voltage electric motors for efficient operation. The government’s Vision 2030 plan drives this growth by investing in megacities and infrastructure upgrades, boosting construction in residential, commercial, and industrial sectors. For example, projects like NEOM and the Red Sea Project are increasing the need for energy-efficient motors in various applications. This urban boom creates a steady demand for reliable, compact motor solutions to power essential systems across the Kingdom’s evolving landscape.
- Rising Demand for Electric Vehicles
The growing adoption of electric vehicles (EVs) is a major driver for the low voltage electric motor market. The electric car market in Saudi Arabia hit USD 500 million in 2024, reflecting a shift toward sustainable mobility. Low voltage electric motors are critical in EVs, powering systems like air conditioning, power steering, and even main drivetrains in smaller vehicles. Companies like Lucid are scaling up, aiming to produce over 150,000 EVs annually at their King Abdullah Economic City facility. Vision 2030 supports this trend with policies promoting clean energy and EV infrastructure. As businesses and consumers embrace electric mobility to reduce carbon footprints, the demand for efficient, high-performance motors continues to surge, making EVs a key growth engine for the industry.
- Government Support for Energy Efficiency
Saudi Arabia’s focus on energy efficiency is pushing the low voltage electric motor market forward. The Saudi Energy Efficiency Program (SEEP) encourages businesses to adopt energy-saving technologies by offering free energy audits and partial grants for implementation. This initiative drives companies to switch to high-efficiency and premium-efficiency motors, which reduce energy costs and environmental impact. The government’s push for sustainable practices aligns with Vision 2030’s goal of economic diversification and carbon neutrality. Industries like HVAC, manufacturing, and utilities are increasingly adopting these motors to meet stricter energy standards. This policy support, combined with growing awareness of long-term cost savings, is boosting demand for advanced motor technologies across various sectors, making energy efficiency a cornerstone of market growth.
Key Trends in the Saudi Arabia Low Voltage Electric Motor Market
- Shift Toward Energy-Efficient Motors
A major trend in the Saudi Arabia low voltage electric motor market is the growing preference for energy-efficient motors, like premium and super-premium efficiency models. These motors reduce energy consumption and operating costs, appealing to industries like HVAC and manufacturing. The Saudi Energy Efficiency Program promotes this shift by incentivizing businesses to upgrade to efficient systems. For instance, companies like ABB and Siemens are investing in R&D to develop motors that meet high-efficiency standards, aligning with the Kingdom’s sustainability goals. In 2024, the HVAC sector, a key user of these motors, dominated market share due to the subtropical climate’s reliance on air conditioning. This trend reflects a broader push for cost-effective, eco-friendly solutions across industrial and commercial applications.
- Integration of Industry 4.0 Technologies
The adoption of Industry 4.0 technologies is transforming the low voltage electric motor market. Smart motors equipped with sensors and connectivity features are gaining traction, enabling real-time monitoring, predictive maintenance, and remote control. In Riyadh’s industrial sector, companies are integrating these motors into automated systems for manufacturing and logistics. For example, Siemens AG, a key player, offers low voltage motors with digital capabilities, enhancing operational efficiency. The market’s growth is tied to Saudi Arabia’s push for automation, with industries like oil and gas and utilities adopting these technologies to improve productivity. In 2024, the demand for smart motors surged as businesses sought reliable, data-driven solutions to stay competitive in a rapidly digitizing economy.
- Growth in Renewable Energy Applications
The rise of renewable energy projects is a key trend driving the low voltage electric motor market. Saudi Arabia’s Vision 2030 emphasizes sustainable energy, with investments in solar and wind power plants. Low voltage electric motors are essential in these projects, powering pumps, fans, and other equipment. For instance, the Sakaka Solar Power Plant, one of the Kingdom’s largest renewable projects, relies on efficient motors for operations. The market for these motors is expanding as the government pushes for a sustainable energy mix. In 2024, the utilities sector, including water and wastewater management, saw increased motor demand due to renewable energy integration, reflecting the Kingdom’s commitment to green technologies and long-term sustainability.
We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging Saudi Arabia Low Voltage Electric Motor Market trends.
Saudi Arabia Low Voltage Electric Motor Industry Segmentation:
The report has segmented the market into the following categories:
Efficiency Insights:
- Standard Efficiency
- High Efficiency
- Premium Efficiency
- Super Premium Efficiency
Application Insights:
- Pumps and Fans
- Compressors
- Others
End-Use Industry Insights:
- Commercial HVAC Industry
- Food, Beverage and Tobacco Industry
- Mining Industry
- Utilities
- Others
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Future Outlook
The Saudi Arabia low voltage electric motor market is poised for steady growth, driven by ongoing urbanization, EV adoption, and renewable energy investments. With the population at 37.21 million in 2024 and urban projects like NEOM advancing, demand for motors in HVAC, water systems, and infrastructure will remain strong. The electric vehicle sector, valued at USD 500 million in 2024, will continue to boost motor demand as companies like Lucid and Ceer expand production. Government initiatives like the Saudi Energy Efficiency Program and Vision 2030 will push for energy-efficient and smart motor technologies, aligning with sustainability goals. Challenges like volatile raw material prices and supply chain issues may persist, but opportunities in automation and green energy will drive innovation, positioning the market for robust expansion in the coming years.
Research Methodology:
The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.
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