Investment Project: Production of electric motors of various capacities
According to analyst firm GfK, last year global sales of household appliances and electronics, where electric motors are an integral part, for the first time exceeded the 1 trillion Euro. This year, GfK predicts another 2% growth in sales, which will push the global market to 1.03
Research and Markets predicts that the electric motor market will grow by an average of 6.5% annually by 2022.
Advantages of project implementation:
Research and Markets analysts note that the global electric motor market is reviving due to increased industrial use, growing demand from the residential and commercial sectors, and replacement of outdated electric motors. The capacity of this market is already about 200 billion USD.
The total volume of imports of electric motors of various capacities in 2018 amounted to 4.1 million units. In monetary terms, this figure was 39.4 million USD.
In 2019, the volume of imports increased by 15%, reaching indicators in quantitative terms, 4.7 million units, and in monetary terms - 69.0 million USD.
If necessary, assistance will be provided in the search and identification of local partners with production experience that are part of the Uzeltexsanoat Association.
Key investment indicators:
$25.6 M Estimated project cost
6 years Payback period of the project
264 Number of new jobs created
The local market of Uzbekistan, as well as neighboring Central Asian and CIS countries, are considered as the main markets for products.