Middle East & Africa Fault Current Limiter Market Size & Outlook
The fault current limiter market in Middle East & Africa is expected to reach a projected revenue of US$ 457.3 million by 2030. A compound annual growth rate of 6.1% is expected of Middle East & Africa fault current limiter market from 2025 to 2030.
Revenue, 2024 (US$M)
$322.0
Forecast, 2030 (US$M)
$457.3
CAGR, 2025 - 2030
6.1%
Report Coverage
Middle East & Africa
MEA fault current limiter market highlights
- The MEA fault current limiter market generated a revenue of USD 305.0 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, superconducting was the largest revenue generating type in 2023.
- Superconducting is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 305.0 million |
| Market revenue in 2030 | USD 457.3 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Superconducting |
| Fastest growing segment | Superconducting |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Superconducting |
| Key market players worldwide | Rongxin Power Electronic, Applied Materials Inc, American Superconductor Corp, Alstom SA, Zenergy Power plc, Nexans, Superconductor Technologies, ABB Ltd, Siemens AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.9% of the global fault current limiter 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 3,545.7 million by 2030.
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Fault Current Limiter Market Scope
Fault current limiter market segmentation & scope
Voltage Range
High
Medium
Low
End Use
Power Stations
Oil & Gas
Automotive
Paper mills
Chemicals
Steel & Aluminum
Countries
Argentina
Brazil
Denmark
Norway
France
Germany
Spain
Sweden
UK
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
Fault Current Limiter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zenergy Power plc | View profile | 101-250 | London, England, United Kingdom, Europe | - |
| Rongxin Power Electronic | View profile | - | Shenzhen, Guangdong, China, Asia | - |
| American Superconductor Corp | View profile | 337 | 114 East Main Street, Ayer, MA, United States, 01432 | https://www.amsc.com |
| Superconductor Technologies | View profile | 11-50 | Austin, Texas, United States, North America | http://suptech.com |
| Nexans | View profile | 28541 | Nexans 4, allée de l’Arche, Courbevoie, France, 92400 | http://www.nexans.com |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Applied Materials Inc | View profile | 34000 | 3050 Bowers Avenue, P.O. Box 58039, Santa Clara, CA, United States, 95052-8039 | https://www.appliedmaterials.com |
| 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 |
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