Middle East & Africa Instrument Transformer Market Size & Outlook
The instrument transformer market in Middle East & Africa is expected to reach a projected revenue of US$ 748.2 million by 2030. A compound annual growth rate of 6.5% is expected of Middle East & Africa instrument transformer market from 2024 to 2030.
Revenue, 2023 (US$M)
$481.0
Forecast, 2030 (US$M)
$748.2
CAGR, 2024 - 2030
6.5%
Report Coverage
Middle East & Africa
Middle East & Africa instrument transformer market, 2018-2030 (US$M)
MEA instrument transformer market highlights
- The MEA instrument transformer market generated a revenue of USD 481.0 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, current was the largest revenue generating type in 2023.
- Current is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 481.0 million |
| Market revenue in 2030 | USD 748.2 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Current |
| Fastest growing segment | Current |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Current |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.6% of the global instrument transformer 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 4,716.9 million by 2030.
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Instrument Transformer Market Scope
Instrument transformer market segmentation & scope
Dielectric Medium
Liquid
SF6 Gas
Solid
Enclosure
Indoor
Outdoor
Voltage
Distribution Voltage
Sub-transmission Voltage
High Voltage Transmission
Extra High Voltage Transmission
Ultra-high Voltage Transmission
Application
Transformer & Circuit Breaker Bushing
Switchgear Assemblies
Relaying, Metering & Protection
Primary Metering Units
End Use
Power Utilities
Power Generation
Railway & Metros
Industries & OEM
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Instrument Transformer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa instrument transformer market
Related industry reports
Related regional statistics
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