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. 

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ALGERIA  ELECTRIC MOTOR MARKET SIZE AND FORECAST

 

The Algeria Electric motor Market  accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 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 per Algeria Electric motor Market  right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Algeria Electric motor Market in the US, Europe and China?
  3. How many Algeria Electric motor Market are 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 a Algeria Electric motor Market  and key vendor selection criteria
  6. Where is the Algeria Electric motor Market manufactured? What is the average margin per equipment?
  7. Market share of Algeria Electric motor Market manufacturers and their upcoming products
  8. The most important planned Algeria Electric motor Market in next 2 years
  9. Details on network of major Algeria Electric motor Market  and pricing plans
  10. Cost advantage for OEMs who manufacture Algeria Electric motor Market in-house
  11. 5 key predictions for next 5 years in Algeria Electric motor Market
  12. Average B-2-B Algeria Electric motor Market  price in all segments
  13. Latest trends in Algeria Electric motor Market, by every market segment
  14. The market size (both volume and value) of Algeria Electric motor Market in 2022-2030 and every year in between?
  15. Global production breakup of Algeria Electric motor Market, by suppliers and their OEM relationship

 

 

 

Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
21 Product installation rate by OEM, 2022
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 M&A in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2022
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix

 

 

 

 

 

 

 

 

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