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Analysis of the Middle East Electrical Drives Market

  • February 2014
  • 109 pages
  • Frost & Sullivan
Report ID: 2015963

Summary

Table of Contents

Precise Process Control, Safety Needs and Increasing Productivity will Boost the IHP Drives Market.

This research service presents a comprehensive analysis of the Middle East electrical drives market, with a breakdown of segments by country and by power and voltage ratings. Revenue analysis is provided for end-user industries and each product type by power and voltage ratings. The study assesses market drivers and restraints and examines the attributes that influence the market and market potential. It provides insights into the competitive environment and pricing trends. Market forecasts are included from 2010 to 2017.

Executive Summary

• The Middle East market revenue for electrical drives in 2012 was $X Million, with a unit shipment of X units.
• Electrical drives are of two types—alternating current (AC) drives, and direct current (DC) drives. AC drives accounted for X% of the total electrical drives market in the Middle East in 2012.
• AC drives are the preferred technology in the Middle East, due to their higher efficiency and better functionalities.
• With the advent of AC drive technology, AC motors are able to deliver full torque at start-up, and variable speed with precision.
• AC motors, along with AC drives, are less expensive than DC drives, and incur lower maintenance costs. This has facilitated the gradual replacement of DC drives with AC drives.
• Electrical drives with power rating up toX kilowatt (kW) had the highest unit shipment market share in 2012. Drives of this power rating cater to applications in the industrial heating, ventilation and air conditioning (HVAC) industry, and circulating pumps used in the oil and gas industry.
• While the Kingdom of Saudi Arabia (KSA) is expected to continue to be the dominant source for business, extensive capacity augmentation and relevant investments in the United Arab Emirates (UAE), Kuwait, and Qatar over the next X– years are likely to increase their market share.
• Local presence and robust distribution network are the two key factors that contribute to a drive supplier’s competitive edge.

CEO’s Perspective

1. Increasing operational cost and awareness on energy efficiency among end users and original equipment manufacturers (OEMs) about the benefits of using electric drives are likely to increase market revenue.
2. Over the course of the forecast period, the number of medium voltage (MV) drives sold along with MV motors are expected to increase.
3. Local presence and robust distribution network are the two key factors that contribute to drive a supplier’s competitive edge.
4. To optimize profit margins and to overcome
competition, suppliers are now focusing on diversifying into the MV drives segment.
5. Most of the top global drive manufacturers are present in the low voltage (LV) drives segment in the Middle East market.

Market Overview—Scope

Products
• Alternating Current (AC) Drives
• Direct Current (DC) Drives

Power Rating
• 50 kW and below
• 51–200 kW
• 201–600 kW
• 600 kW and above
• 3 megawatt (MW) and below
• 3.1–6 MW
• 6.1 MW and above

End User
• Oil and Gas (O&G)
• Petrochemical, Chemicals, and Fertilizers (PCF)
• Water and Wastewater (W&WW)
• Power Generation and Desalination (P&D)
• Metals and Mining (M&M)
• Cement
• Others (food and beverages (F&B), paper and pulp (P&P), etc.)

Geography
• Bahrain
• KSA
• Kuwait
• Oman
• Qatar
• UAE Note: The Middle East refers to the Gulf Cooperation Council (GCC), which includes Bahrain, the Kingdom of Saudi Arabia (KSA), Kuwait, Oman, Qatar and the United Arab Emirates (UAE).

Market Overview—Definitions

Market Definition
• Market sizing for the base year is based on the supply side analysis of the market, by aggregating annual sales revenue and unit shipment of major participants in the electrical drives market in the Middle East.
• The market size was calculated based on the sales realised by the local entity offices of the major participants for electric drives sold within their geographical scope. Revenue from services and sales of spare parts are not considered for market size.

Product Definition
• Electric drives with rated output power equal to or more than X horse power (HP) or XkW are considered for this study. Such drives are called integral horse power (IHP) electrical drives.
• The products are classified at an overall level into the following types:
oAC electrical drives
oDC electrical drives
• AC drives are further classified into the following two sub-categories:
oLow voltage (LV) drives and
oMedium voltage (MV) drives

Base Year and Forecast Period
• The base year is 2012.
• The forecast period is from 2013 to 2017.
• The compound annual growth rate (CAGR) is calculated for 2012 to 2017.

End-User Industries
• Oil and Gas
• Petrochemical, Chemicals, and Fertilizers
• Water and Wastewater
• Power Generation and Desalination
• Metals and Mining
• Cement
• Others (includes Food and Beverages, Paper and Pulp, etc.)

Geographical Coverage
GCC (includes Bahrain, KSA, Kuwait, Oman, Qatar, and the UAE)

Market/Revenue Numbers
All numbers are in Million United States dollars, unless otherwise mentioned.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
How will the structure of the market change with time? Is it ripe for acquisitions?
Which are the main competitors in the Middle East electrical drives market?
What are the qualitative and quantitative trends that affect the market?
Are the products/services offered meeting customer needs or is additional development needed?
What are the dynamics of this market and how does it look to pan out during the forecast period?

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