Product Code: EP 9391
The MEA variable frequency drive market is projected to reach USD 1.29 billion by 2030 from an estimated USD 0.98 billion in 2025, at a CAGR of 5.6% during the forecast period (2025-2030). Continued industrialization in the MEA region is increasing the demand for energy. There is a growing demand for variable frequency drives that improve the efficiency of motors, minimize energy consumption, and improve efficiency. As the drive to enhance energy-saving and operational efficiency intensifies, the adoption of VFDs is gaining traction in critical sectors such as oil & gas, manufacturing, and infrastructure.
Scope of the Report |
Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion) |
Segments | By type, end user, power rating, application, voltage, and region |
Regions covered | Middle East & Africa |
"AC drives segment projected to witness highest growth during the forecast period."
The AC drive segment is projected to register the highest growth in the MEA VFD market due to its high energy efficiency characteristic and accurate motor performance. With the rapid pace of industrialization in the region, the manufacturing, oil & gas, HVAC, and water treatment sectors are witnessing significant adoption of energy-efficient technologies to enhance productivity and reduce operational expenses. AC drives support these objectives, maximizing energy efficiency, minimizing mechanical stress, and increasing system reliability.
"Pumps segment to be largest application in MEA variable frequency drive market"
The pump segment is anticipated to lead the overall variable frequency drive market in the Middle East & Africa due to its potential for energy saving and broad application in various industries. VFDs allow for precise speed control of pump systems, leading to greater efficiency and energy savings, which is important in the water & wastewater, HVAC, and oil & gas industries. By controlling motor speed according to actual requirements, VFDs reduce not only energy loss but also mechanical wear.
"South Africa to register highest CAGR in MEA variable frequency drive market"
South Africa is projected to be the fastest-growing variable frequency drive market in the MEA region. This high growth is fueled by fast-paced industrialization and growth in infrastructure renewal activities. Furthermore, the continued modernization of power systems and the growing application of automation across mining, manufacturing, and water treatment industries will drive the demand in the country. Furthermore, government-sponsored energy conservation programs are encouraging industrial sectors to install VFDs.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 30%, Tier 2- 45%, and Tier 3- 25%
By Designation: C-Level- 30%, Director Levels- 20%, and Others- 50%
Note 1: Others include sales managers, engineers, and regional managers.
Note 2: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell Automation (US) are some of the key players in the MEA variable frequency drive market.
The study includes an in-depth competitive analysis of these key players in the MEA variable frequency drive market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the MEA variable frequency drive market by type (AC drives, DC drivers and servo motors), by power rating (Micro power drive, low power drive, medium power drive and high power drive), by application (pumps, compressors, conveyors, fans, and others), by end user (Oil & gas, chemicals & petrochemicals, mining & metals, construction/infrastructure, food & beverage, automotive, power, water & wastewater treatment), by voltage (low voltage and medium voltage), and by region (Middle East & Africa). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the variable frequency drive market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies such as contracts, partnerships, agreements, new product & service launches, and mergers & acquisitions; and recent developments associated with the MEA variable frequency drive market. Competitive analysis of upcoming startups in the variable frequency drive market ecosystem is covered in this report.
Key Benefits of Buying the Report
- Analysis of key drivers (Increasing industrialization and growing demand for energy efficiency, rising need for enhancing energy efficiency and decreasing energy consumption, supportive regulatory environment for efficient and effective energy utilization), restraints (stagnant growth of oil & gas industry and decline in exploration and production activities, increase in maintenance cost of systems after implementation of variable frequency drives (VFDs), opportunities (modernization of power infrastructure, growing use of Industrial Internet of Things (IoT) and robotics technologies), and challenges (availability of low-cost products in gray market, shortage of components and parts due to supply chain disruptions) influencing the growth of the variable frequency drive market.
- Product Development/Innovation: In line with the increased investments in industrial infrastructure and energy efficiency, manufacturers in the MEA region are increasing their local production capabilities for manufacturing variable frequency drives in the region. Recent facility expansions in the UAE and Saudi Arabia are intended to respond to the increasing demand for automation and sophisticated motor control solutions. These developments are likely to improve VFD adoption due to short lead times and availability of tailor-made solutions that match the specific requirements of regional industries.
- Market Diversification: In January 2024, Siemens introduced its SINAMICS S210 servo drive system with a new hardware architecture and V6 software generation that expanded the system's range of applications. This system is particularly beneficial for industries such as manufacturing, packaging, and logistics, where high-speed and precise motion control are crucial.
- Market Development: Developments in variable frequency drives are increasingly focused on enhancing efficiency, sustainability, and power generation. Favorable government policies regarding carbon emission reduction and increasing demand for variable frequency drive in transportation and industrial sectors are driving the variable frequency drive market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), and Rockwell Automation (US), among others, in the MEA variable frequency drive market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 STAKEHOLDERS
- 1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 List of secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 List of primary participants
- 2.1.2.2 Key data from primary sources
- 2.1.2.3 Breakdown of primary interviews
- 2.1.2.4 Insights from industry experts
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.1.1 Demand-side analysis
- 2.2.1.2 Regional analysis
- 2.2.1.3 Country-level analysis
- 2.2.1.4 Demand-side assumptions
- 2.2.1.5 Demand-side calculations
- 2.2.2 TOP-DOWN APPROACH
- 2.2.2.1 Supply-side analysis
- 2.2.2.2 Supply-side assumptions
- 2.2.2.3 Supply-side calculations
- 2.3 DATA TRIANGULATION
- 2.4 FORECAST ASSUMPTIONS
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 RESEARCH LIMITATIONS
- 2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET
- 4.2 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE AND COUNTRY
- 4.3 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE
- 4.4 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING
- 4.5 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION
- 4.6 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY END USER
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Expansion of oil and gas projects in Saudi Arabia
- 5.2.1.2 Increasing investments in clean energy in Middle East & Africa
- 5.2.2 RESTRAINTS
- 5.2.2.1 Unstable power supply in Africa
- 5.2.2.2 High installation and maintenance costs
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Implementation of wastewater treatment programs in Middle Eastern countries
- 5.2.3.2 Surge in infrastructure and energy projects
- 5.2.4 CHALLENGES
- 5.2.4.1 Lack of skilled workforce
- 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 5.4 VALUE CHAIN ANALYSIS
- 5.4.1 RAW MATERIAL PROVIDERS/COMPONENT MANUFACTURERS/SUPPLIERS
- 5.4.2 VARIABLE FREQUENCY DRIVE MANUFACTURERS/ASSEMBLERS
- 5.4.3 DISTRIBUTORS/RESELLERS
- 5.4.4 END USERS
- 5.4.5 MAINTENANCE/SERVICE PROVIDERS
- 5.5 ECOSYSTEM ANALYSIS
- 5.6 CASE STUDY ANALYSIS
- 5.6.1 MEDIUM-VOLTAGE VFD FOR PREHEATER HELPED CEMENT PLANT ACHIEVE SUBSTANTIAL ENERGY SAVINGS
- 5.6.2 11 KV MOTOR FOR 6.6 KV VFD WITH STAR-DELTA SOLUTION ADDRESSED VOLTAGE INCOMPATIBILITY
- 5.6.3 OPTIDRIVE P2 VFD FOR 450 KW MOTOR ENHANCED BALL MILL EFFICIENCY IN IRON ORE MINING
- 5.7 TECHNOLOGY ANALYSIS
- 5.7.1 KEY TECHNOLOGIES
- 5.7.1.1 Direct torque control
- 5.7.2 COMPLEMENTARY TECHNOLOGIES
- 5.7.2.1 Internet of Things
- 5.7.3 ADJACENT TECHNOLOGIES
- 5.7.3.1 Harmonic filtering
- 5.8 PRICING ANALYSIS
- 5.8.1 AVERAGE SELLING PRICE TREND, BY POWER RATING
- 5.9 REGULATORY LANDSCAPE
- 5.10 TRADE ANALYSIS
- 5.10.1 IMPORT SCENARIO (HS CODE 850110)
- 5.10.2 EXPORT SCENARIO (HS CODE 850110)
- 5.10.3 IMPORT SCENARIO (HS CODE 850120)
- 5.10.4 EXPORT SCENARIO (HS CODE 850120)
- 5.11 PATENT ANALYSIS
- 5.12 KEY CONFERENCES AND EVENTS, 2025
- 5.13 INVESTMENT AND FUNDING SCENARIO
- 5.14 PORTER'S FIVE FORCES ANALYSIS
- 5.14.1 THREAT OF SUBSTITUTES
- 5.14.2 BARGAINING POWER OF SUPPLIERS
- 5.14.3 BARGAINING POWER OF BUYERS
- 5.14.4 THREAT OF NEW ENTRANTS
- 5.14.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.15.2 BUYING CRITERIA
- 5.16 IMPACT OF AI/GENERATIVE AI
- 5.16.1 ADOPTION OF AI/GENERATIVE AI IN VARIABLE FREQUENCY DRIVE MARKET
- 5.16.2 IMPACT OF AI/GENERATIVE AI ON DRIVE TYPES, BY REGION
- 5.16.3 IMPACT OF AI/GENERATIVE AI ON VARIABLE FREQUENCY DRIVE MARKET, BY REGION
- 5.17 MACROECONOMIC OUTLOOK
- 5.17.1 INTRODUCTION
- 5.17.2 GDP TRENDS AND FORECAST
- 5.17.3 INFLATION
- 5.18 2025 US TARIFF
- 5.18.1 INTRODUCTION
- 5.18.2 KEY TARIFF RATES
- 5.18.3 PRICE IMPACT ANALYSIS
- 5.18.4 IMPACT ON MIDDLE EAST & AFRICA
6 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 AC DRIVE
- 6.2.1 RISE IN INDUSTRIAL AUTOMATION TO DRIVE MARKET
- 6.3 DC DRIVE
- 6.3.1 SHIFT TOWARD PROCESS OPTIMIZATION TO DRIVE MARKET
- 6.4 SERVO DRIVE
- 6.4.1 ELEVATED DEMAND FOR SMART MANUFACTURING TO DRIVE MARKET
7 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY VOLTAGE
- 7.1 INTRODUCTION
- 7.2 LOW VOLTAGE
- 7.2.1 INCLINATION TOWARD SUSTAINABILITY TO DRIVE MARKET
- 7.3 MEDIUM VOLTAGE
- 7.3.1 EMPHASIS ON COST SAVINGS AND OPERATIONAL EFFICIENCY TO DRIVE MARKET
8 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY POWER RATING
- 8.1 INTRODUCTION
- 8.2 MICRO POWER DRIVE
- 8.2.1 EXTENSIVE USE IN FOOD PROCESSING DUE TO LOW POWER REQUIREMENTS TO DRIVE MARKET
- 8.3 LOW POWER DRIVE
- 8.3.1 HIGH DEMAND FOR ENERGY EFFICIENCY ACROSS DIVERSE INDUSTRIES TO DRIVE MARKET
- 8.4 MEDIUM POWER DRIVE
- 8.4.1 ESTABLISHMENT OF NEW MANUFACTURING PLANTS TO DRIVE MARKET
- 8.5 HIGH POWER DRIVE
- 8.5.1 ONGOING DEVELOPMENTS IN STEEL AND MINING INDUSTRIES TO DRIVE MARKET
9 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY APPLICATION
- 9.1 INTRODUCTION
- 9.2 PUMPS
- 9.2.1 NEED FOR ENERGY-EFFICIENT SOLUTIONS TO DRIVE MARKET
- 9.3 FANS & BLOWERS
- 9.3.1 ABILITY TO ENHANCE SYSTEM PERFORMANCE TO DRIVE MARKET
- 9.4 COMPRESSORS
- 9.4.1 SUBSTANTIAL ENERGY SAVINGS TO DRIVE MARKET
- 9.5 CONVEYORS
- 9.5.1 REDUCED MECHANICAL STRESS AND ADAPTABILITY TO DRIVE MARKET
- 9.6 OTHER APPLICATIONS
10 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY END USER
- 10.1 INTRODUCTION
- 10.2 POWER
- 10.2.1 GROWING EMPHASIS ON ENERGY EFFICIENCY TO DRIVE MARKET
- 10.3 OIL & GAS
- 10.3.1 SURGE IN INVESTMENTS TO DRIVE MARKET
- 10.4 CHEMICALS & PETROCHEMICALS
- 10.4.1 LOW OPERATIONAL COSTS AND REDUCED CARBON EMISSIONS TO DRIVE MARKET
- 10.5 MINING & METAL
- 10.5.1 ENVIRONMENTAL SUSTAINABILITY GOALS TO DRIVE MARKET
- 10.6 CONSTRUCTION/INFRASTRUCTURE
- 10.6.1 PRECISE CONTROL OVER ACCELERATION AND DECELERATION TO DRIVE MARKET
- 10.7 FOOD & BEVERAGE
- 10.7.1 STRINGENT SAFETY AND HYGIENE STANDARDS TO DRIVE MARKET
- 10.8 AUTOMOTIVE
- 10.8.1 DEPLOYMENT IN VEHICLE PRODUCTION TO DRIVE MARKET
- 10.9 WATER & WASTEWATER TREATMENT
- 10.9.1 FOCUS ON REGULATING SEWAGE TREATMENT TO DRIVE MARKET
- 10.10 OTHER END USERS
11 MIDDLE EAST & AFRICA VARIABLE FREQUENCY DRIVE MARKET, BY REGION
- 11.1 MIDDLE EAST & AFRICA
- 11.1.1 GCC
- 11.1.1.1 Saudi Arabia
- 11.1.1.1.1 Commitment to sustainability and net-zero emissions to drive market
- 11.1.1.2 UAE
- 11.1.1.2.1 Rapid industrial growth to drive market
- 11.1.1.3 Rest of GCC
- 11.1.2 SOUTH AFRICA
- 11.1.2.1 Restructuring of oil & gas industry to drive market
- 11.1.3 NIGERIA
- 11.1.3.1 Rapid reforms in power industry to drive market
- 11.1.4 ZAMBIA
- 11.1.4.1 Robust mining industry and push for energy efficiency to drive market
- 11.1.5 REST OF MIDDLE EAST & AFRICA
12 COMPETITIVE LANDSCAPE
- 12.1 OVERVIEW
- 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2024
- 12.3 REVENUE ANALYSIS, 2020-2024
- 12.4 MARKET SHARE ANALYSIS, 2024
- 12.5 COMPANY VALUATION AND FINANCIAL METRICS
- 12.6 BRAND/PRODUCT COMPARISON
- 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
- 12.7.1 STARS
- 12.7.2 EMERGING LEADERS
- 12.7.3 PERVASIVE PLAYERS
- 12.7.4 PARTICIPANTS
- 12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
- 12.7.5.1 Company footprint
- 12.7.5.2 Power rating footprint
- 12.7.5.3 Type footprint
- 12.7.5.4 Application footprint
- 12.8 COMPETITIVE SCENARIO
- 12.8.1 PRODUCT LAUNCHES
- 12.8.2 DEALS
13 COMPANY PROFILES
- 13.1 KEY PLAYERS
- 13.1.1 SCHNEIDER ELECTRIC
- 13.1.1.1 Business overview
- 13.1.1.2 Products/Services/Solutions offered
- 13.1.1.3 Recent developments
- 13.1.1.3.1 Product launches
- 13.1.1.3.2 Deals
- 13.1.1.4 MnM view
- 13.1.1.4.1 Right to win
- 13.1.1.4.2 Strategic choices
- 13.1.1.4.3 Weaknesses and competitive threats
- 13.1.2 ABB
- 13.1.2.1 Business overview
- 13.1.2.2 Products/Services/Solutions offered
- 13.1.2.3 MnM view
- 13.1.2.3.1 Right to win
- 13.1.2.3.2 Strategic choices
- 13.1.2.3.3 Weaknesses and competitive threats
- 13.1.3 SIEMENS
- 13.1.3.1 Business overview
- 13.1.3.2 Products/Services/Solutions offered
- 13.1.3.3 Recent developments
- 13.1.3.3.1 Product launches
- 13.1.3.4 MnM view
- 13.1.3.4.1 Right to win
- 13.1.3.4.2 Strategic choices
- 13.1.3.4.3 Weaknesses and competitive threats
- 13.1.4 DANFOSS
- 13.1.4.1 Business overview
- 13.1.4.2 Products/Solutions/Services offered
- 13.1.4.3 Recent developments
- 13.1.4.3.1 Product launches
- 13.1.4.3.2 Deals
- 13.1.4.4 MnM view
- 13.1.4.4.1 Right to win
- 13.1.4.4.2 Strategic choices
- 13.1.4.4.3 Weaknesses and competitive threats
- 13.1.5 ROCKWELL AUTOMATION
- 13.1.5.1 Business overview
- 13.1.5.2 Products/Services/Solutions offered
- 13.1.5.3 Recent developments
- 13.1.5.3.1 Product launches
- 13.1.5.4 MnM view
- 13.1.5.4.1 Right to win
- 13.1.5.4.2 Strategic choices
- 13.1.5.4.3 Weaknesses and competitive threats
- 13.1.6 GENERAL ELECTRIC
- 13.1.6.1 Business overview
- 13.1.6.2 Products/Services/Solutions offered
- 13.1.7 WEG
- 13.1.7.1 Business overview
- 13.1.7.2 Products/Solutions/Services offered
- 13.1.7.3 Recent developments
- 13.1.7.3.1 Product launches
- 13.1.8 YASKAWA ELECTRIC CORPORATION
- 13.1.8.1 Business overview
- 13.1.8.2 Products/Solutions/Services offered
- 13.1.8.3 Recent developments
- 13.1.8.3.1 Product launches
- 13.1.9 HONEYWELL INTERNATIONAL INC.
- 13.1.9.1 Business overview
- 13.1.9.2 Products/Services/Solutions offered
- 13.1.10 DELTA ELECTRONICS, INC.
- 13.1.10.1 Business overview
- 13.1.10.2 Products/Services/Solutions offered
- 13.1.11 SUMITOMO HEAVY INDUSTRIES, LTD.
- 13.1.11.1 Business overview
- 13.1.11.2 Products/Services/Solutions offered
- 13.1.12 TRIOL CORPORATION
- 13.1.12.1 Business overview
- 13.1.12.2 Products/Services/Solutions offered
14 APPENDIX
- 14.1 KEY INDUSTRY INSIGHTS
- 14.2 DISCUSSION GUIDE
- 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 14.4 CUSTOMIZATION OPTIONS
- 14.5 RELATED REPORTS
- 14.6 AUTHOR DETAILS