Middle East and Africa Electric Drives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Middle East and Africa Electric Drives Market are expected to register a CAGR of 5.2% during the forecast period (2022 - 2027). The COVID-19 outbreak has reduced demand for these drives significantly. Many manufacturers of these products have completely or partially shut down their plants due to government-imposed lockdowns to halt the spread of the pandemic. As a result, the MENA Electric drives market suffers from low demand for industrial products due to the COVID-19 pandemic.
Key HighlightsThe 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.
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