Middle East & Africa Electrical Grid Market Size & Outlook
MEA electrical grid market highlights
- The MEA electrical grid market generated a revenue of USD 10,328.3 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, natural gas was the largest revenue generating source in 2023.
- Natural Gas is the most lucrative source segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 10,328.3 million |
| Market revenue in 2030 | USD 14,231.5 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Natural gas |
| Fastest growing segment | Natural Gas |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Gas |
| Key market players worldwide | ABB Ltd, General Electric, Fuji Electric Co Ltd, Eaton Corp PLC, Hitachi Energy, Havells India, Schneider Electric SE, Siemens AG, Sumitomo Electric Industries Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.9% of the global electrical grid market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 87,890.9 million by 2030.
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Electrical Grid Market Scope
Electrical Grid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hitachi Energy | View profile | 10001+ | Zürich, Zurich, Switzerland, Europe | https://www.hitachienergy.com/ |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Sumitomo Electric Industries Ltd | View profile | 334716 | 4-5-33, Kitahama, Chuo-ku, Osaka, Japan, 541-0041 | http://www.sei.co.jp |
| Havells India | View profile | 5001-10000 | Noida, Uttar Pradesh, India, Asia | http://www.havells.com/ |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Fuji Electric Co Ltd | View profile | 30123 | Gate City Ohsaki, East Tower, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, Japan, 141-0032 | http://www.fujielectric.co.jp |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Middle East & Africa electrical grid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electrical grid market will help companies and investors design strategic landscapes.
Natural gas was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa electrical grid market based on natural gas covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of electrical grid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa electrical grid market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa electrical grid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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