Middle East and Africa Variable Speed Drive Market

Market Introduction

The advent of IoT in drive systems is one of the major factor boosting the sales for compact and integrated drive systems. Traditional variable speed drives are usually large and require a lot of space, which is a bottleneck for a large number of customers. Thus, many vendors are developing integrated drive systems that can reduce the overall size and ensure efficient use of space. Vendors are trying to improve the drive’s capability by focusing on continuous R&D activities to provide a compact and flexible motor control solution. Integration of IoT devices in variable speed drive will have a positive impact on the market and is expected to propel market growth in the years to come. Currently, many vendors do not provide IoT in electronic devices; however, an IoT-based integrated drive system is expected to gain momentum in the near future in several applications in the Middle East & Africa.

Increasing investment in infrastructure development and rising use of variable speed drives across major industry verticals, including oil and gas, in the Middle East & Africa region are expected to provide substantial opportunity in the medium term. As old projects have started gaining momentum and new project execution has been picking momentum, the demand for variable speed drives is expected to increase, thereby providing significant opportunities for vendors. Ongoing infrastructure and building automation projects in the UAE and Saudi Arabia are expected to generate significant opportunities for variable drive systems manufacturers in the region. Recently, Saudi Arabia has announced a trillion-dollar pipeline of infrastructure projects aimed at diversifying the economy beyond oil and positioning the region as a global destination for investment in a wide range of areas including smart cities, energy, and tourism. These developments are expected to create opportunities for vendors in the medium to long term.

Middle East and Africa Variable Speed Drive Strategic Insights

Strategic insights for the Middle East and Africa Variable Speed Drive provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Variable Speed Drive Report Scope

Middle East and Africa Variable Speed Drive Regional Insights

The geographic scope of the Middle East and Africa Variable Speed Drive refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The MEA variable speed drive market is expected to grow from US$ 936.5 million in 2021 to US$ 1,433.5 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.

Recent development in variable speed technology offers expanded communications capabilities, more compact designs, and integrated control features driven by powerful, faster microprocessors. The biggest breakthroughs include advances in medium voltage drives that save cost and space. For example, the simplified design of new transformer less drive technology eliminates the need for a transformer, thereby reducing space and weight requirements, which is an essential consideration in the oil & gas industry. These drives use a pulse width modulated switching patterns and an integrated DC choke as an alternative to heavy and costly transformers that were once the only option for mitigating harmonics and common-mode voltage. By connecting the power supply directly to the drive without an isolation transformer, this technology results in a drive system that is smaller and lighter. Transformer less medium voltage drives are ideal for tightly confined applications such as oil platforms, refineries, and pipeline pump stations.

Key Market Segments

Based on voltage, the low voltage segment dominated the MEA variable speed drive market in 2020. Low-voltage (LV) variable speed drives (VSD) operate at output voltages equal to or less than 690 V. Low voltage VSDs boost the productivity of processes, improve energy efficiency, and cut maintenance costs. Growing demands for LV drives for motor application is driving the need for VSDs with ratings of up to 5 or 6 MW. Manufacturers in the MEA variable speed drive market are focused on designing industry-specific drives with purpose-designed features and functionality to use in machine building and industries for controlling processing lines, which is boosting the market growth.

Based on type, the AC drives segment dominated the MEA variable speed drive market in 2020. Variable speed drive controls the speed and torque of an AC motor by converting fixed frequency and voltage input to a variable frequency and voltage output. Growing demands for the AC drives to improve performance by controlling speed is bolstering the market growth for the AC drives segment. AC drives provide wide power and voltage ranges within a compact size and robust design. They also provide features such as long and reliable services and extendable capabilities through click-in option modules enabling the ease of use to the customers. Manufacturers in the MEA are opting for integrated programmable automation and motion control AC drives to enhance system performance in refrigeration and air conditioning applications. For instance, Danfoss AC drives feature multiple pump-dedicated control and intelligent protection to optimize production. Danfoss drives are also integrated with dry pump protection and end of curve features, creating the desired pressure for pump and pipe applications.

Based on Power, the low-power drives segment dominated the MEA variable speed drive market in 2020. Micro power drives are the controlling motors from a fraction of a kilowatt up to 5 kilowatts. Power motors from 3 Hp to 5 Hp are also categorized as micro drives by some manufacturers. However, some suppliers offer micro drives with lower power range versions with advanced features and functions of their higher-powered counterparts. There is a growing application of micro drives in industrial and commercial machinery applications. Features such as precise speed control and simple integration, compact efficiency, and increased convenience for small motors are driving the market growth for the low-power drives segment.

Based on application, the pumps segment dominated the MEA variable speed drive market in 2020. Pumps are one of the most popular variable speed drive (VSD) system applications. There has been a more interest in employing variable speed control instead of throttling or other inefficient flow control methods to improve energy efficiency. Pumping applications offer a significant opportunity to use VSDs in new and retrofit systems. The vast majority of pumping applications necessitates some level of control. A pump is unlikely to run at maximum speed for an extended period. When it comes for reducing the life cycle costs (LCC) of a pump station, VSDs are critical. Energy, initial investment, and maintenance are the three high costs. In pumping systems, VSD control has various advantages such as energy conservation. Another advantage is that the pump system may be precisely controlled. Furthermore, the majority of pumping applications necessitates some level of control. The volume flow produced head and power consumption of a centrifugal pump are all affected by changing the rotation speed.

Based on end-user, the chemical & oil and gas segment dominated the MEA variable speed drive market in 2020. The chemical & oil, and gas industries (COG) rely heavily on heavy-duty motor-driven pumps and pumping systems for purposes such as production, distribution, and refining. VSDs are integrated to maximize the operational profit and run these electric motors at maximum performance with the lowest possible energy usage, which is driving their demand. Furthermore, the chemical, oil, and gas sectors have many complicated processes subjected to the worst environmental conditions. The process equipment is put to a lot of work in these conditions. High levels of efficiency and availability will directly transfer to greater production output and enhanced product quality. ABB, for instance, is a major player in this field. ABB medium voltage drives are built to last in the harshest environments, such as those found in chemical, oil, and gas applications. Its products are the ACS 1000 (315 kW–5 MW), ACS 2000 (250–1,600 kW), and ACS 5000 (2–32 MW).

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the MEA variable speed drive market are company websites, annual reports, financial reports, national government documents, and statistical database. ABB; Siemens;   Emerson Electric; Schneider Electric; Rockwell Automation, Inc.; Danfoss; Yaskawa Electric Corporation; General Electric; WEG; and EMHEATER South Africa are among the major companies listed in the market report.

Reasons to Buy Report

• To understand the MEA variable speed drive market landscape and identify market segments that are most likely to guarantee a strong return
• To stay ahead of the race by comprehending the ever-changing competitive landscape for the market
• To efficiently plan M&A and partnership deals in the market by identifying market segments with the most promising probable sales
• To make business decisions from perceptive and comprehensive analysis of market performance of various segments in the market
• To obtain market revenue forecast by various segments from 2020–2028.

MEA Variable Speed Drive Market Segmentation

By Voltage

• Low Voltage
• Medium Voltage

By

Type

• AC Drives
• DC Drives
• Servo Drives

By Power

• Micro-Power Drives
• Low-Power Drives
• Medium-Power Drives
• High-Power Drives

By Application

• Pumps
• Fans
• Compressors
• Conveyors
• Others

By End-User

• Chemical & Oil and Gas (COG)
• Industrial
• Infrastructure
• Power Generation
• Water and Wastewater
• Marine
• District Cooling Plant
• Others

Company Profiles

• ABB
• Siemens
• Emerson Electric
• Schneider Electric
• Rockwell Automation, Inc.
• Danfoss
• Yaskawa Electric Corporation
• General Electric
• WEG
• EMHEATER South Africa