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
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 3
Part 1. Key Findings 5
Part 2. Scope and Methodology 6
Report Scope 7
Product Type 7
End-User 7
Region 7
Research Methodology 8
Part 3. Low-Voltage Electric Drives Market Overview 10
Summary 10
Introduction 11
Part 4. MEA Low-Voltage Electric Drives Market by Product Type 12
Low-voltage AC Drives Market by End-User 14
Low-voltage DC Drives Market by End-User 16
Low-voltage Servo Drives Market by End-User 18
Part 5. MEA Low-Voltage Electric Drives Market by End-User 20
Part 6. MEA Low-Voltage Electric Drives Market by Region 22
Part 7. Competitive Analysis 23
Competition Overview 23
Rockwell Automation, Inc. 24
Business Overview 24
Contact Information 27
Siemens AG 28
Business Overview 28
Contact Information 30
Schneider Electric SE 31
Business Overview 31
Contact Information 33
ABB, Ltd. 34
Business Overview 34
Contact Information 37
Danfoss A/S 38
Business Overview 38
Contact Information 40
Disclaimer 41
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