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
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. Medium-Voltage Electric Drives Market Overview 10
Summary 10
Introduction 11
Part 4. MEA Medium-Voltage Electric Drives Market by Product Type 12
Medium-voltage AC Drives Market by End-User 14
Medium-voltage DC Drives Market by End-User 16
Part 5. MEA Medium-Voltage Electric Drives Market by End-User 18
Part 6. MEA Medium-Voltage Electric Drives Market by Region 20
Part 7. Competitive Analysis 21
Competition Overview 21
Rockwell Automation, Inc. 22
Business Overview 22
Contact Information 25
Siemens AG 26
Business Overview 26
Contact Information 28
Schneider Electric SE 29
Business Overview 29
Contact Information 31
ABB, Ltd. 32
Business Overview 32
Contact Information 35
Danfoss A/S 36
Business Overview 36
Contact Information 38
Disclaimer 39
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