Middle East & Africa Low Voltage Drives Market - Size By Power Range (Micro, Low), By Capacity, By Technology (Standard, Regenerative), By Application (Pump, Fan, Conveyor, Compressor, Extruder), Drive, System, End-Use & Global Forecast, 2024 - 2032

Middle East & Africa Low Voltage Drives Market Size

Middle East & Africa Low Voltage Drives Market size was valued at USD 700 million in 2023 and is anticipated to observe a growth rate of 4.1% between 2024 and 2032, owing to the rising investment in infrastructure driven by rapid urbanization and industrial development. Moreover, the expansion of electricity capacity necessitates reliable networks, reduced maintenance requirements, longer equipment lifespan, lower energy consumption, and efficient generation and supply costs driving the product installation across the region.
 

Low voltage drives are a type of variable frequency drives (VFDs) that are designed to control the speed & torque of electric motors by varying the voltage and frequency supplied to the motor. The devices are integrated to offer precise control of motor speed, allow energy savings, improved process control, and reduced wear and tear on the motor. In addition, these drives can significantly reduce energy consumption by optimizing the motor operations and improving the overall energy efficiency propelling their adoption potential over the years.

COVID- 19 Impact

The sudden outbreak of the COVID-19 pandemic has significantly impacted the demand of low voltage drives across various industries and regions. Factors such as government regulations, financial constraints, and Middle East & Africa low voltage drives market dynamics will also play a role in shaping the demand during and post-pandemic.
 

Introduction of favorable regulations by the respective governments and accelerated investments for the development of advanced technological systems are slated to contribute to the recovery and transformation of the industry. Several administrations have also introduced supportive programs and set positive targets to capitalize on the ‘green wave’ of low pollution resulting from the pandemic, particularly by promoting renewable technologies. These initiatives are expected to counterbalance the challenges faced by the low voltage drives industry and positively impact its outlook.
 

Middle East & Africa Low Voltage Drives Market Trends

The ongoing efforts to boost the electricity generation capacity to support the rapidly growing urbanization and industrial development will positively complement the business dynamics. The growing need for a continuous and reliable power supply to meet the ever-increasing electricity consumption will further strengthen the industry growth. Moreover, growing integration of IoT and smart devices to boost the industrial automation to enable remote monitoring, data analysis, and predictive maintenance is set to drive the product installation.
 

Continuous technological advancements with an increasing focus on sustainability and energy efficiency to support swift operations at different loads and speeds, will significantly enhance the acceptance of low voltage drives across various applications. Key factors driving the Middle East & Africa low voltage drives market demand for these units include network reliability, minimal maintenance requirements, enhanced energy efficiency, prolonged equipment lifespan, and cost-effective energy generation and supply. The increasing infrastructural spending and investments associated with fast-paced industrial development and rapid urbanization have further fueled the need for technological advancements.
 

Middle East & Africa Low Voltage Drives Market Analysis

The micro low voltage drives market is poised to grow at a significant growth over the forecasted timeframe. These units are specifically designed to regulate the speed of small AC motors in low-power applications and have a power range of up to 3 kW and find widespread use in small machinery, including pumps, fans, and conveyors.
 

The compact size of micro products along with quick installation and operation for user-friendly interfaces that facilitate quick and easy programming further accelerating the product demand. Moreover, enhanced system control, monitoring, and improved overall efficiency coupled with cost-effective and reliable solution for controlling small motors across various applications are some of the prominent factors augmenting the product deployment.
 

The ≥ 500 kW low voltage drives market is set to observe around 4% CAGR through 2032, due to the rising demand for reliable and high-performance drives in the oil & gas sector. The ease of installation, availability of controlled module options, and the increasing adoption of systems with the capability to control frequency fluctuations for a specific duration will boost the product adoption. These drives offer advanced control and energy-saving capabilities, making them a preferred choice for industries seeking improved efficiency and productivity which is set to augment product deployment. Moreover, the use of energy-efficient systems in various industries, such as food processing, pulp & paper, power generation, textile, mining & metal, and the thriving automotive sector.
 

Low voltage AC drives market will gain remarkable momentum during the forecast timeline, attributed to the increasing demand for energy-efficient appliances and the growing popularity of AC systems in commercial and industrial applications. These units are used to control the speed and torque of AC motors across several applications which will accelerate the low voltage drives market demand. They are typically used in applications where precise control is required, including in HVAC systems, manufacturing equipment, and robotics further influencing the product installation.
 

The servo drives industry is expected to experience substantial growth till 2032, on account of increasing consumer inclination toward renewable energy sources along with the continuous introduction of innovative products with advanced automation capabilities. The ability of these units to offer enhanced precision, control, and performance, making them attractive options for a wide range of industries further elevating the product demand. Ongoing investments in modern electrical infrastructure to meet the escalating electricity demands in developing nations will also contribute to the Middle East & Africa low voltage drives market growth.
 

Standard drives market is set to show tremendous growth during the forecast timeframe, led by rising demand for reliable technologies for automation control along with shifting consumer focus toward energy efficient systems. These units also known as fixed-speed drives or constant-speed drives, are motor control systems that maintain a fixed speed, typically at the motor's rated speed.
 

The widespread applicability of these units across various applications where a constant speed is required, including conveyor systems, pumps, fans, and industrial machinery with consistent loads will increase the product deployment. These units are cost-effective, and reliable solutions when precise speed control is unnecessary for applications requiring speed adjustments and energy efficiency further influencing the product demand.
 

The regenerative low voltage drives market is poised for substantial growth during 2023 to 2032, due to increasing demand for energy-efficient solutions, compliance with government regulations, and expanding applications in various industries. The operational advantages offered by these units make them an attractive option for a wide range of applications across several industrial sectors which will fuel the product demand. Stringent government regulations concerning building emissions and the continuous upgrades in electrical networks in both government and household buildings are driving the demand for these drives.
 

The closed-loop low voltage drives market will increase exponentially over the forecast period, credited to ongoing advancements across energy sector, introduction of enhanced technologies and ongoing retrofitting activities in commercial, residential, and industrial facilities. The ability of these drives to offer high accuracy, reliable operations, and ability to adjust output according to specific conditions, is set to augment the product demand. In addition, increasing investments in the private and public sectors to expand the sustainable power sector, in line with a growing focus on energy efficiency.
 

The Middle East & Africa low voltage drives market from pump application was reached USD 250 million revenue in 2022, owing to increasing demand for pumps in the oil & gas industry for several purposes including crude oil extraction, well drilling, fluid transportation, and refinery processes. The low voltage drives enable intelligent pump control through real-time monitoring and automation and can be integrated into advanced control systems, allowing for remote monitoring, timely maintenance, and optimal operation based on varying process conditions.
 

The growing integration of advanced HVAC systems to facilitate improved efficiency and substantial energy savings will positively cater to the adoption of low voltage drives with different capacity ratings. Moreover, the introduction of advanced technology and the ongoing trend of reducing costs through improved manufacturability are also contributing to the increased deployment of intelligent drive systems which will complement the business landscape.
 

The Middle East & Africa low voltage drives market from conveyor application will see massive growth through 2032, attributed to growing significance of energy conservation across various application areas along with shifting focus on reduction of electricity bills along with energy-saving potential. This growth can be due to the increasing demand for energy-saving solutions among end-users, as these drives provide reliable and precise control over operations.
 

With accurate and smooth control of motor speed and torque, these units contribute to extended conveyor life while reducing operational and maintenance costs. Moreover, these drives offer efficient and low starting current, along with high torque, which helps eliminate voltage fluctuations, current peaks, and minimizes the risk of conveyor slippage, further boosting product adoption.
 

The demand for low voltage drives is growing across a wide range of industries including oil & gas, power generation, pulp & paper, mining & metals, and textile owing to accelerating investments coupled with the growing utilization of high-power machinery will complement the industry dynamics. The growing investments to explore untapped conventional & unconventional oil & gas reserves across the Middle East & African countries will boost the industry landscape. In addition, the ever-increasing shift toward the deployment of low voltage drives with motors in the processing applications is increasing due to their operational and economic advantages will augment the Middle East & Africa low voltage drives market deployment.
 

Rising adoption of low voltage AC drives across the automotive industry owing to the continuous expansion of automotive production capabilities and the growing energy consumption in new manufacturing facilities in emerging economies. Low voltage drives play a crucial role in the automotive sector, particularly in electric vehicles (EVs) and hybrid electric vehicles (HEVs), as well as in various auxiliary systems in traditional internal combustion engine (ICE) vehicles. Moreover, respective government agencies are increasingly focusing on expanding the use of electric mobility vehicles, especially in harsh environments which will stimulate the product demand.
 

The Saudi Arabia low voltage drives market dominated around USD 150 million revenue in 2022. Growing trend for the adoption low voltage drives across various industries to enhance energy efficiency and optimize operations is set to influence the industry outlook. The country's focus on energy conservation and sustainability, as part of Vision 2030, is driving the adoption of energy-efficient solutions. In addition, the elevating demand for automation and control systems to boost productivity aligns with the increasing use of low voltage drives further fueling the Middle East & Africa low voltage drives market size.
 

The push towards digital transformation and Industry 4.0 has led to the integration of smart and connected technologies in various sectors including Internet of Things platforms and data analytics systems, enabling remote monitoring and performance optimization that enhances operational visibility and reliability. For instance, In June 2022, the UAE established a partnership with '4IR champions' to promote the adoption of technology within the industrial sector.
 

This collaboration aims to facilitate new partnerships and alliances that align with the UAE's Fourth Industrial Revolution (4IR) Programme, also known as Industry 4.0. As a result of this initiative, the industrial sector in the UAE is expected to witness significant advancements and innovations through digital transformation, contributing to overall economic growth and development. As the nation emphasizes economic diversification and sustainable development, ongoing emphasis on industrial growth, and advanced automation technologies will continue to drive the industry trend.
 

Middle East & Africa Low Voltage Drives Market Share

Major companies operating across the Middle East & Africa low voltage drives market are focusing to make strategic alliances, partnerships and collaborations to introduce technological innovations and aiming for mergers and acquisitions to gain their competitive edge over the others. Key manufacturers in the market include

• Siemens
• ABB
• Fuji Electric CO., Ltd.
• Schneider Electric
• Bosch Rexroth
• Rockwell Automation
• TMEIC
• WEG
• Eaton
• Danfoss
• Emerson Electric Co.
• Delta Electronics, Inc.
• Hitachi Hi-Rel Power Electronics Private Limited
• YASKAWA ELECTRIC CORPORATION
• Nidec Corporation
   

Middle East & Africa Low Voltage Drives Industry News

• In May 2023, ABB announced the successful acquisition of the LV NEMA motor business of Siemens. The acquisition was initially announced in August 2022, and the financial details of the transaction were not disclosed. This strategic move is aligned with the company’s Motion segment’s growth strategy aiming at strengthening the company’s position as a leading manufacturer of industrial NEMA motors, complementing its ability to serve its customers even more effectively.
   
• In March 2022, Siemens unveiled its expanded voltage drives product portfolio, introducing the advanced extra-low Simatic Micro-Drive servo drive unit. This new line of products specifically designed for EC motors, covers a range from 100 W to 1 kW, with voltage ranges from 24V to 48 V. The Simatic Micro-Drive offers torque control and enhanced flexibility, positioning the company’s further growth and strengthening its market presence in the low voltage AC drives industry.
   

This Middle East & Africa low voltage drives market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Units” & “USD Million” from 2019 to 2032 for the following segments:

Market, By Power Range

• Micro
• Low

Market, By Capacity

• < 2.2 kW
• 2.2 kW - < 7.5 kW
• 7.5 kW - < 22 kW
• 22 kW - < 75 kW
• ≥ 75 kW - <110 kW
• ≥ 110 kW - < 500 kW
• ≥ 500 kW

Market, By Drive

• AC
  • IE 1
  • IE 2
  • IE 3
  • IE 4
  • Others
• DC
• Servo

Market, By Technology

• Standard
• Regenerative

Market, By System

• Open loop
• Closed loop

Market, By Application

• Pump
• Fan
• Conveyor
• Compressor
• Extruder
• Others

Market, By Power Range

• Oil & Gas
• Power generation
• Food processing
• Automotive
• Mining & metals
• Pulp & paper
• Textile
• Marine
• Others

The above information has been provided for the following countries:

• Saudi Arabia
• UAE
• Qatar
• Jordan
• Iran
• South Africa
• Nigeria
• Egypt
• Algeria