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Middle East & Africa Synchronous Condenser Market Size & Outlook

The synchronous condenser market in Middle East & Africa is expected to reach a projected revenue of US$ 60.0 million by 2030. A compound annual growth rate of 2.7% is expected of Middle East & Africa synchronous condenser market from 2024 to 2030.

Revenue, 2023 (US$M)
$49.7
Forecast, 2030 (US$M)
$60.0
CAGR, 2024 - 2030
2.7%
Report Coverage
Middle East & Africa

Middle East & Africa synchronous condenser market, 2018-2030 (US$M)

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Related Markets

Global Synchronous Condenser Industry Outlook

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Latin America Synchronous Condenser Market Outlook

MEA synchronous condenser market highlights

  • The MEA synchronous condenser market generated a revenue of USD 49.7 million in 2023.
  • The market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
  • In terms of segment, new synchronous condenser was the largest revenue generating product in 2023.
  • New Synchronous Condenser is the most lucrative product segment registering the fastest growth during the forecast period.


MEA data book summary

Market revenue in 2023USD 49.7 million
Market revenue in 2030USD 60.0 million
Growth rate2.7% (CAGR from 2023 to 2030)
Largest segmentNew synchronous condenser
Fastest growing segmentNew Synchronous Condenser
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNew Synchronous Condenser


Other key industry trends

  • In terms of revenue, MEA region accounted for 7.3% of the global synchronous condenser market in 2023.
  • Globally, North America 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 171.6 million by 2030.

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Synchronous Condenser Market Scope

Synchronous condenser market segmentation & scope
Product
New Synchronous Condenser
Refurbished Synchronous Condenser
End Use
Electrical Utilities
Industrial
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Synchronous Condenser Market Companies

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Middle East & Africa synchronous condenser market

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