MEA Electric Drives Industry Overview
The market is highly competitive due to the presence of numerous global and regional players. Siemens AG, Wintech Engineering, Emerson Electric, and Schneider Electric SE are the major vendors in the Middle East and Africa Electric Drives Market. These vendors offer high-quality, dependable, and technologically advanced devices.
- October 2021 - Xylem, a global water technology company committed to expanding its regional footprint and accelerating growth by developing innovative solutions to the world's water challenges, has acquired Turkey's top pumping and water treatment systems company Anadolu Flygt. The acquisition will enable the company to serve a broader range of countries in the region and accelerate Xylem's growth in the Middle East market with an expanded suite of digital water solutions and proven systems for sustainable water use.
- October 2021 - Hitachi Energy announced that it is the lead in a consortium that has been awarded a major contract worth several hundreds of millions of USD from the Saudi Electricity Company and the Egyptian Electricity Transmission Company. The award is for the first-ever large-scale HVDC interconnection in the Middle East and North Africa, enabling the Kingdom of Saudi Arabia (KSA) and the Arab Republic of Egypt to exchange up to 3,000 MW of electricity - much of which is expected to be generated from renewable energy sources in the future. These developments and initiatives further boost the studied market.
MEA Electric Drives Market Leaders
-
Wintech Engineering
-
Schneider Electric SE
-
ABB Ltd.
-
Siemens AG
-
Emerson Electric Co.
- *Disclaimer: Major Players sorted in no particular order
