Middle East and Africa Power Quality Equipment Market
No. of Pages: 123 | Report Code: TIPRE00024228 | Category: Electronics and Semiconductor
No. of Pages: 123 | Report Code: TIPRE00024228 | Category: Electronics and Semiconductor
The Power Quality Equipment Market is expected to witness significant growth in the coming years attributing to increasing demand from developing nations and emergence of smart power solutions.
Thus, the growing industrial, manufacturing & processing sector are expected to create a significant demand for Power quality equipment in the coming years, which is further anticipated to drive the power quality equipment market.
The UAE, South Africa, Morocco, Saudi Arabia, and Kuwait are among the countries that suffered economic crisis due to COVID-19 in the MEA. The power quality equipment market in the MEA is majorly impacted by the disruption in the national and international supply chains. In Gulf countries, there are many oil companies that require power quality equipment for smooth operations. Due to intercity and interstate travel restrictions, the demand for fuel was reduced. This impacted the need for power quality equipment required at petroleum plants, offshore oil rigs, and refineries. As most of the government authorities-imposed travel bans and the movement of people was restricted, the aviation industry was impacted to a large extent, which, in turn, led to weak demand for power quality equipment in the aviation industry. However, post pandemic, the power quality equipment market is expected to grow positively in the MEA.
Strategic insights for the Middle East and Africa Power Quality Equipment 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 2021 | US$ 1,595.4 Million |
| Market Size by 2028 | US$ 2,371.5 Million |
| Global CAGR (2021 - 2028) | 5.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Equipment
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Power Quality Equipment 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 power quality equipment market in Middle East and Africa is expected to grow from US$ 1,595.4 million in 2021 to US$ 2,371.5 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. In recent years, telecommunication systems have been developing rapidly. In addition to voice communications, telecommunications have seen a continuing growth in fast data transmission services. This new form of communication is adding more advanced telecommunication systems such as data centers, servers, and other internet related infrastructure and equipment to cater to voice and data transmission services together efficiently. However, the newly added telecommunication systems are more vulnerable to power quality problems because the electronics used for data transmission are more susceptible to sags/dips, swells, transients, and harmonics. Further, the occurrence of power fluctuation instances such as voltage sags and swells due to abrupt increases in loads like short circuits, loose connection or faults, and motors starting may trip telecom equipment, which creates loss in communication. Such instances cost telecom companies money for every minute, and also it can lead to equipment malfunction and breakdown. Thus, to overcome this power challenge, the telecom industry worldwide is adopting power quality equipment to ensure a steady supply of voltage within a defined range. This, in turn, is fostering the growth of the market.
In terms of equipment, the others segment accounted for the largest share of the Middle East and Africa power quality equipment market in 2020. In terms of phase, the three-phase segment accounted for the largest share of the Middle East and Africa power quality equipment market in 2020. In terms of end user, the industrial and manufacturing segment held a larger market share of the power quality equipment market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Power quality equipment market in Middle East and Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Acumentrics.
By Equipment
By Phase
By End User
By Country
The Middle East and Africa Power Quality Equipment Market is valued at US$ 1,595.4 Million in 2021, it is projected to reach US$ 2,371.5 Million by 2028.
As per our report Middle East and Africa Power Quality Equipment Market, the market size is valued at US$ 1,595.4 Million in 2021, projecting it to reach US$ 2,371.5 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The Middle East and Africa Power Quality Equipment 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 and Africa Power Quality Equipment Market report:
The Middle East and Africa Power Quality Equipment Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Power Quality Equipment Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Power Quality Equipment Market value chain can benefit from the information contained in a comprehensive market report.
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