Middle East & Africa Volt Var Management Market Size & Outlook
The volt var management market in Middle East & Africa is expected to reach a projected revenue of US$ 48.3 million by 2030. A compound annual growth rate of 3.6% is expected of Middle East & Africa volt var management market from 2024 to 2030.
Revenue, 2023 (US$M)
$37.8
Forecast, 2030 (US$M)
$48.3
CAGR, 2024 - 2030
3.6%
Report Coverage
Middle East & Africa
Middle East & Africa volt var management market, 2018-2030 (US$M)
MEA volt var management market highlights
- The MEA volt var management market generated a revenue of USD 37.8 million in 2023.
- The market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 37.8 million |
| Market revenue in 2030 | USD 48.3 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | ABB Ltd, S&C Electric Company, Landis+Gyr Group AG, Siemens AG, Schneider Electric SE, Eaton Corp PLC, General Electric |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.9% of the global volt var management market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 295.3 million by 2030.
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Volt VAR Management Market Scope
Volt var management market segmentation & scope
Application
Distribution
Transmission
Generation
Countries
U.S.
Canada
Mexico
UK
Italy
Germany
France
Spain
China
India
Japan
South Korea
Brazil
Argentina
Volt VAR Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa volt var management market
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