Middle East & Africa Power Electronics Market Forecast to 2030 - Regional Analysis

Description

List of Tables

The Middle East & Africa power electronics market was valued at US$ 3,201.25 million in 2022 and is expected to reach US$ 4,274.34 million by 2030; it is estimated to record a CAGR of 3.7% from 2022 to 2030.

Growing Adoption of Smart Grid Technology Bolsters Middle East & Africa Power Electronics Market

The smart grid can help transform the topology and power system operation of electrical networks. Power electronics are used to control the flow of power in the smart grid to ensure the reliability as well as stability of the smart grids by allowing for more effective and efficient energy management. Various power electronic devices such as metal oxide silicon field effect transistors (MOSFET), insulated gate bipolar junction transistors (IGBT), triode as an AC switch (TRIAC), gate turn off thyristor (GTO), and integrated gate commutated thyristors (IGCT), among others, has a high voltage handling and high current carrying capacity. These power electronics have higher switching frequencies, which is beneficial in the conversion of voltage magnitude and frequency control by allowing control of power flow; it also increases its implementation in smart grids. Government investment in microgrid projects, infrastructure, and power generation is on the rise. For instance, the International Renewable Energy Agency (IRENA) in the US plans to invest US$ 52 billion annually in infrastructure and power generation to provide electricity for everyone by 2030. This investment equals 3.4% of the average annual global energy sector investment. The expansion of the power generation industry increased the demand for power electronics for controlling power flow.

Middle East & Africa Power Electronics Market Overview

The UAE is a major producer of oil & gas, but it is also investing heavily in renewable energy. The country has set a target of generating 14.2 gigawatts of its electricity from renewable sources by 2030. This is driving the demand for power electronics, which are used to convert and control the electricity generated from renewable sources. Moreover, according to the Ministry of Energy and Infrastructure, the country will invest between US$ 40.8 billion (AED 150 billion) and US$ 54.4 billion (AED 200 billion) by 2030 to ensure that all energy demand is fulfilled while sustaining economic growth. Therefore, the rising investment in renewable energy in the country is driving the market growth of power electronics.

Middle East & Africa Power Electronics Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Power Electronics Market Segmentation

The Middle East & Africa power electronics market is categorized into type, material, industry vertical, and country.

Based on type, the Middle East & Africa power electronics market is categorized into power discrete, power module, and power IC. The power module segment held the largest market share in 2022.

In terms of material, the Middle East & Africa power electronics market is categorized into Silicon (SI), Silicon Carbide (SIC), Gallium Nitride (GAN), and others. The Silicon Carbide (SIC) segment held the largest market share in 2022.

By industry vertical, the Middle East & Africa power electronics market is segmented into ICT, automotive & transportation, consumer electronics, industrial, energy & power, and others. The consumer electronics segment held the largest market share in 2022.

By country, the Middle East & Africa power electronics market is segmented into the UAE, South Africa, Saudi Arabia, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa power electronics market share in 2022.

Vishay Intertechnology Inc; Toshiba Electronic Devices & Storage Corp; Littelfuse, Inc; Renesas Electronics Corp; Fuji Electric Co Ltd; Mitsubishi Electric Corp; STMicroelectronics NV; and Infineon Technologies AG are among the leading companies operating in the Middle East & Africa power electronics market.

Product Code: BMIRE00030471

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Power Electronics Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in Value Chain:

5. Middle East & Africa Power Electronics Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Increasing Integration of SiC-based Power Electronics in Electric Vehicles
- 5.1.2 Rising Demand for Power-efficient and High-energy Devices
5.2 Market Restraints
- 5.2.1 Complexities Associated with Product Design and Integration Process
5.3 Market Opportunities
- 5.3.1 Increasing Demand for AI-based Power Electronics
5.4 Future Trends
- 5.4.1 Growing Adoption of Smart Grid Technology
5.5 Impact of Drivers and Restraints:

6. Power Electronics Market - Middle East & Africa Market Analysis

6.1 Power Electronics Market Revenue (US$ Million), 2022 - 2030
6.2 Power Electronics Market Forecast and Analysis

7. Middle East & Africa Power Electronics Market Analysis - Type

7.1 Power Discrete
- 7.1.1 Overview
- 7.1.2 Power Discrete Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Power Module
- 7.2.1 Overview
- 7.2.2 Power Module Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Power IC
- 7.3.1 Overview
- 7.3.2 Power IC Market Revenue and Forecasts to 2030 (US$ Million)

8. Middle East & Africa Power Electronics Market Analysis - Material

8.1 Silicon (Si)
- 8.1.1 Overview
- 8.1.2 Silicon (Si) Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Silicon Carbide (SiC)
- 8.2.1 Overview
- 8.2.2 Silicon Carbide (SiC) Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Gallium Nitride (GAN)
- 8.3.1 Overview
- 8.3.2 Gallium Nitride (GAN) Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)

9. Middle East & Africa Power Electronics Market Analysis - Industry Vertical

9.1 ICT
- 9.1.1 Overview
- 9.1.2 ICT Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Automotive & Transportation
- 9.2.1 Overview
- 9.2.2 Automotive & Transportation Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Consumer Electronics
- 9.3.1 Overview
- 9.3.2 Consumer Electronics Market Revenue and Forecasts to 2030 (US$ Million)
9.4 Industrial
- 9.4.1 Overview
- 9.4.2 Industrial Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Energy & Power
- 9.5.1 Overview
- 9.5.2 Energy & Power Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue and Forecasts to 2030 (US$ Million)

10. Middle East & Africa Power Electronics Market - Country Analysis

10.1 Middle East & Africa Power Electronics Market Revenue and Forecasts and Analysis - By Countries
- 10.1.1 South Africa Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
  - 10.1.1.1 South Africa Power Electronics Market Breakdown by Type
  - 10.1.1.2 South Africa Power Electronics Market Breakdown by Material
  - 10.1.1.3 South Africa Power Electronics Market Breakdown by Industry Vertical
  - 10.1.1.4 Saudi Arabia Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.4.1 Saudi Arabia Power Electronics Market Breakdown by Type
    - 10.1.1.4.2 Saudi Arabia Power Electronics Market Breakdown by Material
    - 10.1.1.4.3 Saudi Arabia Power Electronics Market Breakdown by Industry Vertical
  - 10.1.1.5 UAE Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.5.1 UAE Power Electronics Market Breakdown by Type
    - 10.1.1.5.2 UAE Power Electronics Market Breakdown by Material
    - 10.1.1.5.3 UAE Power Electronics Market Breakdown by Industry Vertical
  - 10.1.1.6 Rest of Middle East & Africa Power Electronics Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.1.6.1 Rest of Middle East & Africa Power Electronics Market Breakdown by Type
    - 10.1.1.6.2 Rest of Middle East & Africa Power Electronics Market Breakdown by Material
    - 10.1.1.6.3 Rest of Middle East & Africa Power Electronics Market Breakdown by Industry Vertical

11. Power Electronics Market - Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Infineon Technologies AG
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 STMicroelectronics NV
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Mitsubishi Electric Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Fuji Electric Co Ltd
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Renesas Electronics Corp
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Littelfuse, Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Toshiba Electronic Devices & Storage Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Vishay Intertechnology Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments

14. Appendix

14.1 Word Index