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

Publisher Tanalyze Ltd.
Published Mar 04, 2024
Length 39 Pages
SKU # TAZ18593672

Description

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


The Middle East and Africa (MEA) medium-voltage electric drives market is expected to experience a compound annual growth rate (CAGR) of 2.6% in value terms during the forecast period, with a projected value of USD 89.0 million by 2029.

In terms of product types, the medium-voltage AC drives segment dominated the market in 2023 and is projected to reach a valuation of USD 86.3 million by 2029. This segment is also anticipated to demonstrate the highest CAGR of 2.7% from 2024 to 2029.

The MEA medium-voltage electric drives market is segmented by industry, including oil & gas, petrochemicals, power generation, minerals, water treatment, food & beverages, HVAC-R, paper, discrete manufacturing, and others. The oil & gas segment is expected to reach USD 22.0 million by 2029, with a CAGR of 4.6% from 2024 to 2029. Additionally, the food & beverages segment is forecasted to grow at a CAGR of 3.6% to USD 5.7 million by 2029.

In 2023, the top three countries in the MEA medium-voltage electric drives market were Saudi Arabia, Iran, and Turkey, collectively accounting for approximately one-third of the market share.

Key players in the MEA medium-voltage electric drives market include Rockwell Automation, Inc., Siemens AG, Schneider Electric SE, ABB, Ltd., and Danfoss A/S. These top five companies collectively held over 60% of the market share in 2022, indicating their significant influence within the industry according to Tanalyze Ltd.'s report.

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

Product Type: Medium-voltage AC Drives and Medium-voltage DC 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

39 Pages
FIGURES AND TABLES
Part 1. Key Findings
Part 2. Scope and Methodology
Report Scope
Product Type
End-User
Region
Research Methodology
Part 3. Medium-Voltage Electric Drives Market Overview
Summary
Introduction
Part 4. MEA Medium-Voltage Electric Drives Market by Product Type
Medium-voltage AC Drives Market by End-User
Medium-voltage DC Drives Market by End-User
Part 5. MEA Medium-Voltage Electric Drives Market by End-User
Part 6. MEA Medium-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 Medium-Voltage Electric Drives Market, Net Growth, 2020-2029 (USD Million)
MEA Medium-Voltage Electric Drives Market by Product Type, 2020-2029 (USD Million)
MEA Medium-Voltage Electric Drives Market by Product Type, CAGR Historic and Forecast, 2020-2029
MEA Medium-Voltage AC Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Medium-Voltage AC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Medium-Voltage DC Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Medium-Voltage DC Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Medium-Voltage Electric Drives Market by End-User, 2020-2029 (USD Million)
MEA Medium-Voltage Electric Drives Market by End-User, CAGR Historic and Forecast, 2020-2029
MEA Medium-Voltage Electric Drives Market Share by Country, 2023
MEA Medium-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

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