According to the research report titled ‘Middle East & Africa Low Voltage Drives Market Size, By Power Range (Micro Drives, Low Drives), By Capacity (< 2.2 kW, 2.2 kW - 7.4 kW, 7.5 kW - 22 kW, 23 kW - 75 kW, 76 kW - 110 kW, 111 kW - 500 kW, > 500 kW), By Drive (AC, DC, Servo), By Technology (Standard Drives, Regenerative Drives), By System (Open Loop, Closed Loop), By Application (Pump, Fan, Conveyer, Compressor, Extruder), By End-Use (Oil & Gas, Power Generation, Food Processing, Automotive, Mining & Metals, Pulp & Paper, Textile, Marine), Industry Analysis Report, Country Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, Middle East & Africa low voltage drives market is anticipated to expand profusely during 2021-2027.
 

Rising product deployment across high power & low power applications, positive outlook toward energy intensive industries, and surging adoption of energy efficient systems are the major factors contributing in the growth of Middle East & Africa low voltage drives market.

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Moreover, shifting consumer preference towards low voltage drives due to low cost and smaller size is anticipated to propel industry outlook during the forecast years. Flourishing automotive vertical, soaring infrastructural spending, increasing electricity demand, and introduction of innovative solutions to reduce power consumption will boost the demand for low voltage drives.  

On the basis of power range, micro drives segment is anticipated to grow at rapid rate to amass a notable valuation by the end of 2027, owing to inclination towards energy efficient systems.

In terms of drive, the DC segment is expected to exhibit a considerable CAGR during the assessment period, owing to rising electricity consumption across emerging economies.

Based on application spectrum of Middle East & Africa low voltage drives market, the fan segment is anticipated to garner notable returns by the year 2027, due to widespread deployment of net metering devices, and soaring adoption of advanced electrical equipment.

Considering the regional landscape, Saudi Arabia holds a significant market share at present and is expected to grow profitably between 2021 and 2027, owing to the use of alternative energy sources, as well as the growing availability of enormous electricity infrastructure.

Meanwhile, the UAE market is expected to grow at a steady rate, resulting in significant revenue increase by the end of 2027. The introduction of modern technologies to optimize energy usage, as well as favorable government laws are projected to boost regional market in the coming years.

The key players in Middle East & Africa low voltage drives marketplace are Beckhoff Automation, Bosch Rexroth AG, Hitachi Ltd., Yaskawa Electric Corporation, Rockwell Automation, Inc., Mitsubishi Electric Corporation, WEG Industries, Schneider Electric SE, Fuji Electric Co., Ltd., Nidec Corporation, Danfoss, ABB Ltd., and Siemens AG.