Middle East & Africa Variable Frequency Drive Market Size & Outlook
Middle East & Africa variable frequency drive market, 2018-2030 (US$M)
Related Markets
MEA variable frequency drive market highlights
- The MEA variable frequency drive market generated a revenue of USD 1,182.7 million in 2023.
- The market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, ac drives was the largest revenue generating product in 2023.
- AC Drives is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,182.7 million |
| Market revenue in 2030 | USD 1,502.2 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Ac drives |
| Fastest growing segment | AC Drives |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 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 4.4% of the global variable frequency drive market in 2023.
- 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 3,673.8 million by 2030.
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Variable Frequency Drive Market Scope
Variable Frequency Drive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 70.07% in 2023. 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
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Our clientele includes a mix of variable frequency drive 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 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.
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Middle East & Africa variable frequency drive market
Middle East & Africa Variable Frequency Drive Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa variable frequency drive market
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