Middle East & Africa Low Voltage Drives Market Trends

Middle East & Africa Low Voltage Drives Market Trends

The Middle East & Africa low voltage drives industry is anticipated to witness substantial growth owing to rising demand for electricity capacity expansion driven by rapid urbanization and industrial development and increased infrastructural expenditure. For instance, in April 2024, the UAE government approved the Federal Energy Management Regulation for industrial facilities, focusing on reducing 33% energy demand from industries and decline of 63 Mt carbon emissions by 2050.
 

The regulation is also expected to generate AED 14 billion in financial savings by 2050, enhance energy efficiency, promote investments in advanced technology and operational excellence. Furthermore, ongoing expansion of clean energy generation, increasing industrial investments, and expenditures for infrastructure development and favorable governmental policies, will drive the industry growth.