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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.
How big is the Middle East & Africa capacitor bank market?
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.
Why is the use for low voltage capacitor banks rising in MEA?
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.
Why is the demand for capacitor banks expanding in Saudi Arabia?
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.
Who are the leading MEA capacitor bank market players?
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.