Middle East & Africa Through Hole Passive Components Market Size & Outlook
Middle East & Africa through hole passive components market, 2017-2030 (US$M)
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MEA through hole passive components market highlights
- The MEA through hole passive components market generated a revenue of USD 1,579.8 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, capacitors was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,579.8 million |
| Market revenue in 2030 | USD 2,380.8 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Capacitors |
| Fastest growing segment | Sensors |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Resistors, Capacitors, Inductors, Diodes, Transducers, Sensors |
| Key market players worldwide | Vishay Intertechnology Inc, Murata Manufacturing Co Ltd, Yageo Corp ADR, Kyocera Corp, Panasonic Holdings Corp, TDK Corp, TE Connectivity Ltd, Microchip Technology Inc, Bourns |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.2% of the global through hole passive components 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 32,601.3 million by 2030.
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Through Hole Passive Components Market Scope
Through Hole Passive Components Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa through hole passive components 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 through hole passive components market will help companies and investors design strategic landscapes.
Capacitors was the largest segment with a revenue share of 42.59% in 2023. Horizon Databook has segmented the Middle East & Africa through hole passive components market based on resistors, capacitors, inductors, diodes, transducers, sensors covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East is home to major oil & gas producing countries, such as the UAE, Saudi Arabia, Iraq, Iran, and Kuwait, which account for almost 27% of the total global oil production. The demand for through-hole passive components is poised to increase across the region as the region happens to be a major oil exporter and the incumbents of the oil & gas industry require machinery and electrical equipment in large volumes.
The strengthening bilateral relations between the U.S. and the UAE and the subsequent mutual collaboration in the manufacturing sector are playing a significant role in the development of the freight transport market in the UAE. Several companies based in the U.S. are considering establishing manufacturing operations in the UAE.
In Africa, the rapid electrification and the continued rollout of electrical grids underway in various underdeveloped economies, aided b y both developed and developing economies, is driving the demand for the necessary electrical components, which bodes well for the growth of the through-hole passive component market in the region.
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Our clientele includes a mix of through hole passive components 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 through hole passive components market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa through hole passive components market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Through Hole Passive Components Market Outlook Share, 2023 & 2030 (US$M)
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