UAE ELECTRIC MOTOR MARKET

INTRODUCTION

 The electromechanical device known as the electric motor transforms electrical energy into mechanical energy. The electromagnetic induction principle, according to which a current-carrying conductor is bound to encounter a force in the presence of a magnetic field, underlies how it works.

Long operational lives, high voltage tolerance, low energy consumption, and minimal maintenance are all advantages of electric motors. Electric motors are widely employed in industrial machinery, automobiles, home appliances, heating, ventilation and air conditioning (HVAC) equipment, as well as the aerospace and transportation industries, as a result of their advantageous characteristics. 

Due to rising consumer spending power brought on by rising per capita income, the market for electric motors in the United Arab Emirates has shown promise for rapid expansion.

Electric motors have been used in the water and wastewater industries in the UAE over the past few years. Additionally, due to an increase in environmental concerns, the government has launched a number of measures to encourage the manufacture and sale of electric vehicles (EVs) throughout the nation.

As an illustration, the Road Transport Authority (RTA) and Dubai Electricity and Water Authority (DEWA) have partnered to promote the EV market by setting up charging stations and providing incentives, such as free parking, waivers of tolls, and registration fees.

UAE ELECTRIC MOTOR MARKET SIZE AND FORECAST

The uae electric motor market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Electric motors made in the UAE were launched by Falak Motors.  For the production of EVs, such as buses, trucks, taxis, delivery bikes, as well as affordable and opulent vehicles, the brand has exclusive relationships with over 25 cutting-edge engineering organisations.

"Furthermore, during this period, the region will witness COP 28 UAE, which will guarantee additional growth, as well as two IPO scenarios to raise the value of shares. The third year after its founding will also be when Falak Motors plans to publicly list on a regional exchange in the UAE.

Japanese entrepreneurs, investors, and EV specialists founded the company, which serves as a bridge between Japan and the GCC through impact investing. On the basis of Japanese technology, they will launch an EV and charging infrastructure business in the UAE.

The 2024 MG HS PHEV, the brand's first plug-in hybrid electric motor vehicle, will go on offer in the UAE through Inter Emirates Motors (IEM), the exclusive distributor of MG Motor in the UAE and a division of Ali & Sons Holding LLC. The dynamic SUV is the ideal fusion of efficiency and performance, offering clients in the area a low-carbon emission choice.

The MG HS PHEV can go over 64* km on its 16.6 KW electric motor alone when powered by the 1.5-liter high-efficiency turbo engine from MG, and its combined 258 horsepower helps it reach a speed of 100 km/h in just 6.9 seconds.

With paddle shift gear, it can reach a top speed of 190 km/h while producing a maximum torque of 480 Nm.The 2024 MG HS PHEV has easy alternatives for charging its electric motor. Users may simply recharge the battery over the course of the night or throughout the day thanks to the charging period of about 4.5 hours for a full charge. 

Fast charging is ideal for on-the-go charging demands because it can restore 80% of a battery's capacity in just 35 minutes for people who need a rapid top-up. As MG Motor continues to broaden alternatives for car consumers throughout the region with its technologically cutting-edge and well-equipped lineup of sedans and SUVs, the introduction of the new MG HS PHEV and MG HS is yet another significant step ahead in the company's offerings.

This builds on the success of the sporty SUV.It is a part of the rapidly growing Middle East lineup for the British-born automaker, which also includes the recently released MG ONE and all-new MG RX5 models. 

The introduction of our first plug-in hybrid is the next stage in MG Middle East's development in order to continue to provide customers with the option of a traditional combustion engine while sharing knowledge of new energy vehicles.

MG is bringing a wealth of experience to the area as one of the producers of one of the best-selling NEVs in the world. Performance and comfort are harmonised in the MG HS PHEV so that consumers can get more out of every trip without sacrificing the vehicle's sporty feel.

As a symbol of their commitment to a greener future, they are thrilled to launch the MG HS PHEV in the UAE market during the Year of Sustainability. 

This car provides a practical, environmentally responsible solution for commuters and families alike while still delivering an excellent level of performance and supporting the country's sustainability goals.

They are happy to contribute to the UAE's push for sustainability and environmental preservation as the country gets ready to host the 28th United Nations climate change summit, often known as COP28, by providing cutting-edge mobility options like the MG HS PHEV. 

The MG HS sports a dynamic appearance with smooth lines that run from the bonnet to the back, which are accented by 21 individual LED rear lights.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many electric motors are manufactured per annum in the UAE? Who are the sub-component suppliers in different regions?
2. Cost breakup of a UAE electric motor and key vendor selection criteria
3. Where is the electric motor manufactured? What is the average margin per unit?
4. Market share of UAE electric motor market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture UAE electric motor in-house
6. key predictions for next 5 years in UAE electric motor market
7. Average B-2-B electric motor market price in all segments
8. Latest trends in electric motor market, by every market segment
9. The market size (both volume and value) of the electric motor market in 2023-2030 and every year in between?
10. Production breakup of electric motor market, by suppliers and their OEM relationship