Middle East & Africa Low Voltage Drives Market 2022 By Top Trends, Opportunities & Forecast To 2027
Middle East and Africa low voltage drives market outlook will be influenced by the rising uptake across food processing applications.
Middle East and Africa low voltage drives market outlook will be influenced by the rising uptake across food processing applications. Presence of top food and beverage companies, such as Felda Bridge Africa and Van den Berg exports in South Africa, will enhance regional product uptake. Food processing plants in the region have been installing automated conveyors and machines, thereby fueling low voltage AC drives deployment.
With brushless servo motors gaining increased popularity across the region, the demand for low voltage servo drives is growing from O&G applications. More oil and gas companies have been deploying downhole drilling products, including high torque motors and servoactuators for enhanced operational efficiency. MEA low voltage drives industry size is expected to exhibit a 6% CAGR between 2021-2027.
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The below-mentioned trends are likely to have a favorable impact on the industry forecast:
- Spike in investments across Middle East’s energy sector
Powered by the transition to a cleaner energy mix, Middle East low-voltage drives industry share is growing at a stable pace. According to the Saudi Arabia-based energy-focused financial organization Arab Petroleum Investments Corporation (APICORP), energy investments throughout the Middle East and North Africa or MENA region are expected to see a 9% spike over the next few years.
Both committed and planned investments are likely to reach nearly $870 billion, rising from the earlier estimate of $805 billion. Since Egypt, Iraq, and the UAE will account for a major share of these investments, the number of renewables projects in these countries will translate to a higher uptake of key components lie low voltage drives.
- Paper & pulp industry’s focus on circular economy in South Africa
South Africa low-voltage drives market share from the paper & pulp sector applications is likely to increase significantly, owing to the higher demand for paper packaging solutions, including recyclable paper bags. Presently, the continent features over 850 million trees spread over an expanse of 676,000 hectares, solely reserved for paper and pulp products.
Even before the introduction of the Extended Producer Responsibility (EPR) regulations in South Africa in 2021, the regional paper and pulp industry had been pursuing process innovation for reducing its environmental footprint. As more plants manufacturing these products are renovated, advanced tissue making machines and board machines will lead to installation of required equipment.
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- Qatar’s maritime trade on post-COVID recovery mode
Qatar low-voltage drives industry size will expand at a steady rate over the next five years and beyond, thanks to the robust development of maritime infrastructure in the region. Recently, the nation registered increased gains due to the construction of Hamad Port’s first and second phases of its second container terminal (CT2).
The Mwani annual report reveals that the general cargo handled at ports reached about 1.63 million tons in 2021, rising from 1.5 million tons during 2020. Compressors, motors, and fans deployed in the shipping industry will fuel the low voltage industry outlook.
More industry participants are likely to introduce high-torque low voltage drives especially designed for heavy industrial applications. In view of the growing popularity of small EVs, including two-wheelers and three-wheelers, more compact products are likely to make way into the market. Danfoss, Nidec Corporation, Beckhoff Automation, Hitachi Ltd., Fuji Electric, and Rockwell Automation are a few of the prominent low voltage drive makers across the global market. Some of these companies will aim to fulfill their order backlog from end-users like compressor manufacturers in the next few months, indicating existing market outlook.
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