ALGERIA  ELECTRIC MOTOR MARKET

INTRODUCTION

The demand for electric motors in Algeria is expected to rise significantly as a result of rising environmental concerns over greenhouse gas emissions, rising demand for energy-efficient conveyor systems in the manufacturing and automotive industries, and expanding industrial activities. 

ALGERIA  ELECTRIC MOTOR MARKET SIZE AND FORECAST

The Algeria Electric motor Market  accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

NEW PRODUCT LAUNCH

WEG, a global automaker, and Cevital Group have agreed to form a joint venture in Algeria to produce electric motors. Electric motors for washing machines will be manufactured and sold by the company, with an initial focus on the Algerian and North African markets.

WEG has informed its shareholders and the general public that it has recently executed legally binding agreements with the Algerian conglomerate Cevital Group to establish a Joint Venture (JV) focused on the production and sale of electric motors for washing machines, initially targeting the Algerian and North African markets.

WEG Group will own 51% of the new company, which will be called WEG Algeria Motors SpA, and Cevital Group will own 49%.The manufacturing facilities will be situated in Setif, producing motors initially for washing machines sold by Cevital Group and other local customers.

The majority of WEG's investments will go toward developing Algeria's electric motor manufacturing technology and expertise.

COVID-19 IMPACT

The coronavirus pandemic, which is stifling the expansion of the automotive industry, has a negative impact on Algeria's economic growth in the first few months of 2020.

However, due to rising demand from the HVAC, automotive, and industrial sectors for environmentally friendly, efficient, and dependable electric motors, Algeria's economic growth is likely to resume.

Additionally, a number of automakers, including Peugeot and Volkswagen, are investing in the nation and aiming to introduce the maximum number of electric vehicles by 2030, contributing to the expansion of the electric motor market in the automotive sector.

Due to their high efficiency and energy efficiency, AC electric motors would dominate the market based on type. This is because these motors are ideal for robotic system manufacturers.In addition, the electric motor market in Algeria is likely to be dominated by low- and medium-voltage models.

COMPANY PROFILE

• POWER JACK MOTION
• ELK MOTOR
• BRONZONI MOTORI ELETTRICI SRL
• YILMAZ REDÜKTÖR AS
• MAHDI NOURA COMMERCE INTERNATIONAL
• ELEDIS

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perAlgeria Electric motor Market right now and how will it change in the next 5-6 years?
2. Average cost to set up aAlgeria Electric motor Marketin the US, Europe and China?
3. How manyAlgeria Electric motor Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aAlgeria Electric motor Market and key vendor selection criteria
6. Where is theAlgeria Electric motor Market manufactured? What is the average margin per equipment?
7. Market share ofAlgeria Electric motor Marketmanufacturers and their upcoming products
8. The most important plannedAlgeria Electric motor Marketin next 2 years
9. Details on network of majorAlgeria Electric motor Market and pricing plans
10. Cost advantage for OEMs who manufactureAlgeria Electric motor Market in-house
11. 5 key predictions for next 5 years inAlgeria Electric motor Market
12. Average B-2-BAlgeria Electric motor Market price in all segments
13. Latest trends inAlgeria Electric motor Market, by every market segment
14. The market size (both volume and value) ofAlgeria Electric motor Market in 2024-2030 and every year in between?
15. Global production breakup ofAlgeria Electric motor Market, by suppliers and their OEM relationship