Middle East and Africa Power Quality Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Equipment, Harmonic Filters, Static VAR Compensator, Power Quality Meters, and Others); Phase; End-Users

Others Segment has the Largest Share of Equipment in the Middle East and Africa Power Quality Equipment Market during 2021-2028

According to a new market research study on “Middle East and Africa Power Quality Equipment Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Equipment, Phase, and End-user” is expected to reach US$ 2,371.5 million by 2028 from US$ 1,595.4 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The report provides trends prevailing in the Middle East and Africa Power quality equipment market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing industrial manufacturing and processing sector are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the high cost of deployment and installation.

The UAE, South Africa, Morocco, Saudi Arabia, and Kuwait are among the countries that suffered economic crisis due to COVID-19 in the MEA. The power quality equipment market in the MEA is majorly impacted by the disruption in the national and international supply chains. In Gulf countries, there are many oil companies that require power quality equipment for smooth operations. Due to intercity and interstate travel restrictions, the demand for fuel was reduced. This impacted the need for power quality equipment required at petroleum plants, offshore oil rigs, and refineries. As most of the government authorities-imposed travel bans and the movement of people was restricted, the aviation industry was impacted to a large extent, which, in turn, led to weak demand for power quality equipment in the aviation industry. However, post pandemic, the power quality equipment market is expected to grow positively in the MEA.

The market Middle East and Africa for power quality equipment market is segmented into equipment, phase, and End-user. Based on equipment, the power quality equipment market is segmented into uninterruptable power supply (UPS), static VAR compensator, harmonic filters, power quality meters, and others. In 2021, the others segment is estimated to account for the largest market share in the power quality equipment market. Portable power equipment, power conditioners, surge protective devices, power and energy meters, solid oxide fuel cell, static transfer switch, line voltage regulators, power distribution units, reactors & inductors, and frequency converter are other types of power quality equipment available in the market. Based on the requirement of the application, market players offer this equipment in various features, shape, sizes, efficiency, and accuracy all over the world. Client can also ask for customized power quality equipment.

Acumentrics. Emerson Electric Co. AMETEK Inc. Eaton. General Electric Company, Schneider Electric SE, Siemens AG, Toshiba Energy Systems & Solutions Corporation, Hitachi ABB Power Grids Group, and Piller Group GmbH are among the leading companies in the Middle East and Africa Power quality equipment market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2021, Acumentrics introduces SmartPDU, a new power distribution system which offers an unprecedented combination of convenience, flexibility, secure control, and system data. Such benefits ensure optimal operation of shipboard electronic systems along with the ability to accommodate changes and upgrades.

The market for Power quality equipment market is segmented into equipment, phase, and End-user. Based on equipment, the Power quality equipment market is segmented into uninterruptable power supply (UPS), harmonic filters, static VAR compensator, power quality meters, and others. Based on phase, the Power quality equipment market is segmented into single phase, and three phase. Based on End-user, the Power quality equipment market is segmented into industrial and manufacturing, commercial, and others. Geographically, the Power quality equipment market is segmented into Middle East & Africa (Saudi Arabia, South Africa, the UAE, and Rest of MEA)

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa power quality equipment market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Middle East and Africa power quality equipment market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth Middle East and Africa market trends and outlook coupled with the factors driving the power quality equipment market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution