Home > Semiconductors & Electronics > Automation > Industrial Automation > Middle East & Africa Low Voltage Drives Market
Middle East & Africa Low Voltage Drives Market Size
- Report ID: GMI5074
- Published Date: Jul 2024
- Report Format: PDF
Middle East & Africa Low Voltage Drives Market Size
Middle East & Africa Low Voltage Drives Market was calculated at USD 783.1 million in 2023 and is envisioned to attain a CAGR of 4.1% through 2032. Growing automation across various industrial applications along with increasing development of infrastructure is set to complement the industry landscape.
Favorable regulatory measures for liming emissions and flourishing investments for the industrial development will further influence the business dynamics. For instance, in April 2024, the Authority for Industrial Cities and Technology Zones, Saudi Arabia declared that the logistics and industrial investments reached USD 3.85 billion, a rise of 63% in 2023. Moreover, growing opportunities for renewables and the stabilizing economy along with manufacturers prioritize cost-competitiveness, will further influence the industry's outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Middle East & Africa Low Voltage Drives Market Size in 2023: | USD 781.3 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.1% |
| 2032 Value Projection: | USD 1.1 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 70 |
| Tables, Charts & Figures: | 20 |
| Segments covered: | Power Range, Capacity, Drive, Technology, System, Application, End-Use, and Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Middle East & Africa Low Voltage Drives Market Scope
