Middle East & Africa Motor Controller Market
The MEA region is projected to have a rapid rise in urbanization and industrialization, which would further drive the growth of the entire economy. The Gulf countries are economically advanced, while the African countries are yet to balance the economic conditions. Similarly, the boost in per capita income and government spending toward infrastructure development of the region, as well as recovering economic conditions, are among the factors anticipated to drive the adoption of motor controllers. Oil & gas production is one of the prominent businesses in the region. Libya, the UAE, Saudi Arabia, Iran, and Qatar are among the few countries that have seen growth in the oil business. Despite the slowdown in economic growth and substantial macroeconomic imbalances from lower oil prices in the last few years, oil & gas producing countries in the MEA are boosting the oil & gas production by partnering with foreign firms to expand the huge onshore and offshore oil & gas fields. The region is a major contributor in the oil & gas industry, which accounts for a substantial share of the region’s gross domestic product (GDP). The government’s initiatives to encourage the manufacturing sector of the MEA region is increasing the demand for smooth import and export activities. For instance, Dubai has established one of the biggest industrial centers for attracting new manufacturers. Major manufacturing industries in Dubai include rubber, plastics, F&B, printing and publishing, base metals, oil & gas, petroleum, and electrical equipment and machinery. Further, dominant industry sectors in Saudi Arabia include chemical and fertilizer manufacturing, plastics, metals, and ship & aircraft repair. Also, Africa is experiencing growth in its manufacturing industry. Several countries in the region are attracting a lot of FDI in their manufacturing sector.
In case of COVID-19, MEA is highly affected especially South Africa. The MEA has witnessed a notable reduction in building construction and automation equipment manufacturing work owing to sharp decline in demand for commercial and residential properties and automation equipment. This further led to the significant dip in demand for the motor controllers especially in the first two quarters of 2020. Further, the COVID-19 outbreak has a significant impact on the economies of the MEA, leading to declines in oil production and transport sector. Hence, the slowdown in manufacturing and transportation sector has negatively impacted the motor controller market in the region. Thus, owing to the above-mentioned factors the motor controller market is expected to be moderately affected over the forecast period in region.
Strategic insights for the Middle East & Africa Motor Controller 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.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 271.18 Million |
| Market Size by 2028 | US$ 384.21 Million |
| Global CAGR (2021 - 2028) | 4.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Motor Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Motor Controller 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 motor controller market is expected to grow from US$ 271.18 million in 2020 to US$ 384.21 million by 2028; it is estimated to grow at a CAGR of 4.7 % from 2021 to 2028. Mounting adoption of advanced and automated process in the factory and plants is expected to escalate the MEA motor controller market. Automated processes help manufacturers in boosting productivity of their plants and lowering costs of production throughout their lives. The increased adoption of energy-efficient motor solutions to enhance the safety of machine operators and other factory workers has fueled the demand for high-precision automated processes. The demand for factory automation would continue to rise to expand production capabilities for meeting the increasing requirements of high-quality products; this would propel the use of motor controllers further to minimize energy consumption. The motor controller solutions are being adopted increasingly in many industries, and the electronics & semiconductor, automotive, and chemicals are among the largest adopters of these products. Electronic manufacturing has been growing significantly, and it would continue to grow in the coming years as well. The growth can be attributed to rise in popularity of advance technologies in developing economies for MEA region. Growing trajectory in the electronics manufacturing industry is propelling the demand for advanced and automated motor controller equipment for MEA region. Rising investments in electric motor vehicles are fostering the demand for motor controllers. Many automotive companies across MEA region are on the verge of beginning the large-scale manufacturing of electric motor vehicles. Investments on electric vehicle development and production are bolstering the demand for advanced motor controller devices for MEA region.
In terms of motor type, the AC motor segment accounted for the largest share of the MEA motor controller market in 2020. In terms of output power range, the 0.6 - 1.0 HP segment held a larger market share of the MEA motor controller market in 2020. In terms of voltage type, the below 1 kV motors segment held a larger market share of the MEA motor controller market in 2020. Further, the industrial segment held a larger share of the MEA motor controller market based on end-user in 2020.
A few major primary and secondary sources referred to for preparing this report on the MEA motor controller market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB Ltd., AMETEK Inc., Eaton Corporation plc, General Electric Company, Microchip Technology Inc., Nidec Corporation, and Parker-Hannifin Corporation.
The Middle East & Africa Motor Controller Market is valued at US$ 271.18 Million in 2020, it is projected to reach US$ 384.21 Million by 2028.
As per our report Middle East & Africa Motor Controller Market, the market size is valued at US$ 271.18 Million in 2020, projecting it to reach US$ 384.21 Million by 2028. This translates to a CAGR of approximately 4.7 % during the forecast period.
The Middle East & Africa Motor Controller Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Motor Controller Market report:
The Middle East & Africa Motor Controller Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Motor Controller Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Motor Controller Market value chain can benefit from the information contained in a comprehensive market report.
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