Report cover image

Middle East and Africa (MEA) Low-voltage Electric Drives Facts and Figures

Publisher Tanalyze Ltd.
Published Mar 04, 2024
Length 41 Pages
SKU # TAZ18593666

Description

Middle East and Africa (MEA) Low-voltage Electric Drives Facts and Figures


The Middle East and Africa (MEA) low-voltage electric drives market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 2.8% from 2024 to 2029, culminating in a value of USD 286.4 million by the conclusion of 2029.

This market is segmented based on product type into three categories: Low-voltage AC drives, Low-voltage DC drives, and Low-voltage servo drives. Among these, the low-voltage AC drives segment dominated the market in 2023 and is expected to reach USD 248.9 million by 2029. Additionally, the low-voltage servo drives segment is projected to demonstrate the highest CAGR of 4.1% during the forecast period from 2024 to 2029.

In the MEA region, the oil & gas segment is anticipated to reach USD 70.6 million by 2029, with a CAGR of 2.4% from 2024 to 2029. Moreover, the revenue from the food & beverages segment is projected to grow at a CAGR of 4.1% to reach USD 18.7 million in 2029.

In 2023, the top three countries in the MEA region collectively accounted for approximately one-third of the market share.

Key players in the MEA low-voltage electric drives market include Rockwell Automation, Inc., Siemens AG, Schneider Electric SE, ABB, Ltd., and Danfoss A/S. As per Tanalyze Ltd.'s report, these top five companies collectively held over 60% of the market share in 2022, emphasizing their substantial influence within the industry.

This study aims to analyze the MEA market for various segments of low-voltage electric drives, including:

Product Type: Low-voltage AC Drives, Low-voltage DC Drives, and Low-voltage Servo Drives.

End-User: Oil & Gas, Petrochemicals, Power Generation, Minerals, Water Treatment, Food & Beverages, HVAC-R, Paper, Discrete Manufacturing, and Others.

Region: Saudi Arabia, UAE, Iran, Turkey, South Africa, and Rest of MEA.

Table of Contents

41 Pages
FIGURES AND TABLES
Part 1. Key Findings
Part 2. Scope and Methodology
Report Scope
Product Type
End-User
Region
Research Methodology
Part 3. Low-Voltage Electric Drives Market Overview
Summary
Introduction
Part 4. MEA Low-Voltage Electric Drives Market by Product Type
Low-voltage AC Drives Market by End-User
Low-voltage DC Drives Market by End-User
Low-voltage Servo Drives Market by End-User
Part 5. MEA Low-Voltage Electric Drives Market by End-User
Part 6. MEA Low-Voltage Electric Drives Market by Region
Part 7. Competitive Analysis
Competition Overview
Rockwell Automation, Inc.
Business Overview
Contact Information
Siemens AG
Business Overview
Contact Information
Schneider Electric SE
Business Overview
Contact Information
ABB, Ltd.
Business Overview
Contact Information
Danfoss A/S
Business Overview
Contact Information
Disclaimer
FIGURES AND TABLES
MEA Low-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
MEA Low-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
MEA Low-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
MEA Low-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Low-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Low-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Low-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Low-Voltage Servo Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Low-Voltage Servo Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Low-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Low-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Low-Voltage Electric Drives Market Share by Country, 2023
MEA Low-Voltage Electric Drives Market Share (%) by Competitors, 2022
Rockwell Automation, Inc. Financial Overview (USD Million)
Rockwell Automation, Inc. Revenue, by Segment, 2023
Rockwell Automation, Inc. Revenue, by Type, 2023
Rockwell Automation, Inc. Revenue, by Region, 2023
Siemens AG Financial Overview (EUR Million)
Siemens AG Revenue, by Segment, 2022
Siemens AG Revenue, by Region, 2022
Schneider Electric SE Financial Overview (EUR Million)
Schneider Electric SE Revenue, by Segment, 2022
ABB, Ltd. Financial Overview (USD Million)
ABB, Ltd. Revenue, by Type, 2022
ABB, Ltd. Revenue, by Segment, 2022
ABB, Ltd. Revenue, by Product, 2022
ABB, Ltd. Revenue, by Region, 2022
Danfoss A/S Financial Overview (EUR Million)
Danfoss A/S Revenue, by Segment, 2022
Danfoss A/S Revenue, by Region, 2022

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us