Middle East & Africa Capacitor Banks Market Size & Outlook
The capacitor banks market in Middle East & Africa is expected to reach a projected revenue of US$ 319.2 million by 2030. A compound annual growth rate of 3.4% is expected of Middle East & Africa capacitor banks market from 2024 to 2030.
Revenue, 2023 (US$M)
$252.1
Forecast, 2030 (US$M)
$319.2
CAGR, 2024 - 2030
3.4%
Report Coverage
Middle East & Africa
Middle East & Africa capacitor banks market, 2018-2030 (US$M)
MEA capacitor banks market highlights
- The MEA capacitor banks market generated a revenue of USD 252.1 million in 2023.
- The market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, low [<10 kv] was the largest revenue generating voltage in 2023.
- Low [<10 kV] is the most lucrative voltage segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 252.1 million |
| Market revenue in 2030 | USD 319.2 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Low [<10 kv] |
| Fastest growing segment | Low [<10 kV] |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low [<10 kV] |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.5% of the global capacitor banks market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,151.0 million by 2030.
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Capacitor Banks Market Scope
Capacitor banks market segmentation & scope
Applicaion
Power Factor Correction
Harmonic Filter
Voltage Regulation
Renewable Integration
Industrial Application
Data Centers
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Netherlands
Denmark
China
India
Japan
South Korea
Indonesia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Capacitor Banks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa capacitor banks market
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Related regional statistics
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