Middle East & Africa Variable Frequency Drive Market Size & Outlook
Related Markets
MEA variable frequency drive market highlights
- The MEA variable frequency drive market generated a revenue of USD 1,215.4 million in 2024.
- The market is expected to grow at a CAGR of 3.7% from 2025 to 2030.
- In terms of segment, ac drives was the largest revenue generating product in 2024.
- AC Drives is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 1,215.4 million |
| Market revenue in 2030 | USD 1,502.2 million |
| Growth rate | 3.7% (CAGR from 2025 to 2030) |
| Largest segment | Ac drives |
| Fastest growing segment | AC Drives |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | AC Drives, DC Drives, Servo Drives |
| Key market players worldwide | ABB Ltd, Eaton Corp PLC, GE Aerospace, Hitachi Ltd, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Danfoss A/S, Weg SA ADR, YASKAWA Electric Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global variable frequency drive market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,909.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Variable Frequency Drive Market Scope
Variable Frequency Drive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Weg SA ADR | View profile | 40793 | Avenida Prefeito Waldemar Grubba, No. 3300, Jaragua do Sul, SC, Brazil, 89256-900 | https://www.weg.net |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| YASKAWA Electric Corp | View profile | 15022 | 2-1, Kurosaki-shiroishi, Yahatanishi-ku, Kitakyushu, Japan, 806-0004 | http://www.yaskawa.co.jp |
| Danfoss A/S | View profile | 10001+ | Nordborg, Syddanmark, Denmark, Europe | https://www.danfoss.com |
| Rockwell Automation Inc | View profile | 29000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | https://www.rockwellautomation.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.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 |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
Middle East & Africa variable frequency drive 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 variable frequency drive market will help companies and investors design strategic landscapes.
Ac drives was the largest segment with a revenue share of 70.56% in 2024. Horizon Databook has segmented the Middle East & Africa variable frequency drive market based on ac drives, dc drives, servo drives covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Variable Frequency Drive Product Outlook (Revenue, USD Million, 2018-2030)
- AC Drives
- DC Drives
- Servo Drives
- Middle East & Africa Variable Frequency Drive Power Range Outlook (Revenue, USD Million, 2018-2030)
- Micro (0-5 kW)
- Low (6-40 kW)
- Medium (41-200 kW)
- High (>200 kW)
- Middle East & Africa Variable Frequency Drive Application Outlook (Revenue, USD Million, 2018-2030)
- Pumps
- Electric Fans
- Conveyers
- HVAC
- Extruders
- Others
- Middle East & Africa Variable Frequency Drive End Use Outlook (Revenue, USD Million, 2018-2030)
- Oil & Gas
- Power Generation
- Industrial
- Infrastructure
- Automotive
- Food & Beverages
- Others
Reasons to subscribe to Middle East & Africa variable frequency drive market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa variable frequency drive market databook
-
Our clientele includes a mix of variable frequency drive market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa variable frequency drive market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa variable frequency drive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA variable frequency drive market size, by country, 2018-2030 (US$M)
Middle East & Africa Variable Frequency Drive Market Outlook Share, 2024 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
