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Middle East & Africa Low Voltage Drives Market Share

Report ID: GMI5074
Published Date: Jul 2023
Report Format: PDF

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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

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size for low voltage drives in Middle East & Africa reached USD 700 million in 2023 and may observe 4.1% CAGR from 2034 to 2032, due to the higher demand for low voltage drives and rising investments in infrastructure driven by rapid urbanization and industrial development.

Middle East & Africa ? 500 kW low voltage drives market is projected to witness over 4% CAGR during 2023 to 2032, owing to the increasing demand for reliable and high-performance drives in the oil & gas sector.

The pump application segment surpassed USD 250 million in 2022, driven by increasing demand in the oil & gas industry for crude oil extraction, well drilling, fluid transportation, and refinery processes.

Saudi Arabia market size dominated around USD 150 million in 2022, attributed to the rising trend for the adoption low voltage drives across various industries to enhance energy efficiency and optimize operations in the country.