Market Size of Middle-East and Africa DC Distribution Networks Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA DC Distribution Networks Market Analysis
The Distribution Networks Market of the Middle East and Africa DC is expected to register a CAGR of over 6% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.
- Over the long term, factors such as growth in the renewable energy sector, compatibility with battery storage devices, and advantages over AC distribution, like power-sharing between systems with different frequencies, are expected to drive the market over the forecast period.
- On the other hand, high initial costs and complexity compared to generic distribution networks are expected to hinder the market's growth.
- Nevertheless, Electric Vehicle (EV) fast charging systems are expected to witness significant demand, owing to the growing environmental concerns and increasing demand for DC infrastructure. They are seen as a long-term opportunity for the DC Distribution Networks Market.
- With increasing electricity demand, Saudi Arabia is expected to dominate the Middle-East and Africa DC Distribution Networks Market during the forecast period.
