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Middle East & Africa Capacitor Bank Market Share

Report ID: GMI8792
Published Date: Apr 2024
Report Format: PDF

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Middle East & Africa Capacitor Bank Market Share

Larsen & Toubro is one of the major multinational companies with a significant presence in various sectors including engineering, construction, manufacturing, and technology. While L&T is involved in a wide range of industries, including power generation, transmission, and distribution, its involvement in capacitor banks contributes to its offerings in the electrical and automation sector.

Middle East & Africa Capacitor Bank Market Companies

Major companies operating in the Middle East & Africa capacitor bank industry are:

ABB
ARTECHE
Bharat Heavy Electricals Limited
CIRCUTOR
COSPOWER ENGINEERING PVT. LTD.
Eaton
E-CUBE ENERGY
General Electric
Hitachi Energy Ltd.
Larsen & Toubro Limited
LIFASA
RTR Energía S.L.
SAMA AL EMIRATE
Samwha Capacitors Co. Ltd.
Schneider Electric
SHARDA Electronics & Co.
Siemens India
Vishay Intertechnology, Inc.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Middle East & Africa market for capacitor bank was reached USD 590.7 million in 2023 and is estimated to grow at 3.9% CAGR through 2032, led by the increasing urbanization rate and industrialization, leading to strong demand for electricity.

Middle East & Africa low voltage capacitor bank market size will reach over 125 million by 2032, driven by higher adoption in small and medium industrial and commercial settings to minimize energy wastage and prolong the operational lifespan of electrical equipment.

Saudi Arabia capacitor bank market size is set to exceed USD 30 million by 2032, owing to the extensive investments in renewable power projects, particularly solar power, to diversify their energy mix and reduce dependence on fossil fuels.

Some of the major capacitor bank providers in the Middle East & Africa include ABB, ARTECHE, Bharat Heavy Electricals Limited, CIRCUTOR, Eaton, E-CUBE ENERGY, and General Electric.