Market Forecast By Types (Low Voltage Power Converter, High Voltage Power Converter), By Applications (Electronics, Power Utility, Transportation Infrastructure, Industrial, Telecommunication Infrastructure & Others), By Countries (South Africa, Egypt, Nigeria & Rest of Africa Region) and competitive landscape
Product Code: ETC002171 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Africa power converter market has registered growth on account of rising electricity consumption coupled with growing government investment in renewable energy production to meet the growing electricity consumption in the region. Africa's electricity consumption is expected to almost triple by 2040, resulting in an increase in demand for the power converter market. Moreover growing government investment for the development and expansion of distribution and transmission infrastructure coupled with growing digitization would lead to further growth in the demand for the Power Converters market during the forthcoming years.
According to 6Wresearch, the Africa Power Converter Market size is anticipated to register growth during 2020-26. The Africa market is expected to register a decline in demand during 2020, due to the global pandemic COVID-19, which has led to a complete lockdown during the first half of 2020, resulting in the economic slowdown leading to a halt in various infrastructure development projects. However, the market is expected to regain momentum by the first half of 2021.
South Africa is the leading revenue-generating country in the Africa Power Converter market owing to the owing digitization in the country; power converters form a major component in the digitization technology wherein it is used for converting digital signals into analog signals. The government of South Africa has plans to achieve complete digitization by 2030. However, Egypt and Nigeria are expected to register high growth during the forecast period owing to growing government investment to achieve 100% electrification over the next ten years.
The Africa Power Converter market report thoroughly covers the market by types, applications, and key countries including South Africa, Egypt, Nigeria, and the Rest of Africa region The Africa Power Converter market outlook report provides an unbiased and detailed analysis of the on-going Africa Power Converter market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa power converter market is expected to register sound revenue growth in the coming years on the back an increase in the power consumption in the developed and developing economies across the region. An increase in the power utility sector across the region is also expected to be a potential driver for the market growth in the coming timeframe. An increase in the voltage demands tends to put pressure on accurate power to be supplied at different time intervals to ensure smooth electricity flow and uninterrupted work. With the world transforming towards a digital future, the power utility segment is playing a crucial role in the growth and development of digitalization and power converters tend to play a crucial role in the same by accurate and sufficient supply of power as and when needed along with the assurance of environmental sustainability and is expected to witness a proliferation in the coming years. An increase in the disposable income of the household and suburban migration is leading to an increased demand for power for effective domestic stability to be maintained and as a result, is expected to trigger significant demand projections for a power converter and is expected to benefit the Africa power converter market make serious headway towards the potential growth in the coming timeframe.
Key Highlights of the Report:
Markets Covered
The Africa Power Converter Market report provides a detailed analysis of the following market segments:
Other Key Reports Available:-
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Africa Protective Relay Market Overview |
3.1 Africa Protective Relay Market Revenues, 2016-2026F |
3.2 Africa Protective Relay Market Revenue Share, By Types, 2019 & 2026F |
3.3 Africa Protective Relay Market Revenue Share, By Applications, 2019 & 2026F |
3.4 Africa Protective Relay Market Revenue Share, By Countries, 2019 & 2026F |
3.5 Africa Protective Relay Market Industry Life Cycle |
3.6 Africa Protective Relay Market- Porter’s Five Forces |
4. Africa Protective Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Africa Protective Relay Market Trends |
6. Africa Protective Relay Market Overview, By Types |
6.1 Africa Low Types Protective Relay Market Revenues, 2016-2026F |
6.2 Africa High Types Protective Relay Market Revenues, 2016-2026F |
7. Africa Protective Relay Market Overview, By Applications |
7.1 Africa Protective Relay Market Revenues, By Industrial, 2016-2026F |
7.2 Africa Protective Relay Market Revenues, By Power Utilities, 2016-2026F |
7.3 Africa Protective Relay Market Revenues, By Electronics, 2016-2026F |
7.4 Africa Protective Relay Market Revenues, By Transport Infrastructure, 2016-2026F |
7.5 Africa Protective Relay Market Revenues, By Telecom Infrastructure, 2016-2026F |
7.6 Africa Protective Relay Market Revenues, By Others, 2016-2026F |
8. South Africa Protective Relay Market Overview |
8.1 South Africa Protective Relay Market Revenues, 2016-2026F |
8.2 South Africa Protective Relay Market Revenues, By Types, 2016-2026F |
8.3 South Africa Protective Relay Market Revenues, By Applications, 2016-2026F |
9. Nigeria Protective Relay Market Overview |
9.1 Nigeria Protective Relay Market Revenues, 2016-2026F |
9.2 Nigeria Protective Relay Market Revenues, By Types, 2016-2026F |
9.3 Nigeria Protective Relay Market Revenues, By Applications, 2016-2026F |
10. Egypt Protective Relay Market Overview |
10.1 Egypt Protective Relay Market Revenues, 2016-2026F |
10.2 Egypt Protective Relay Market Revenues, By Types, 2016-2026F |
10.3 Egypt Protective Relay Market Revenues, By Applications, 2016-2026F |
11. Rest of Africa Protective Relay Market Overview |
11.1 Rest of Africa Protective Relay Market Revenues, 2016-2026F |
12. Africa Protective Relay Market Key Performance Indicators |
13. Africa Protective Relay Market Opportunity Assessment |
13.1 Africa Protective Relay Market Opportunity Assessment, By Types, 2026F |
13.2 Africa Protective Relay Market Opportunity Assessment, By Applications, 2026F |
14. Africa Protective Relay Market Competitive Landscape |
14.1 Africa Protective Relay Market Revenue Share, By Companies, 2019 |
14.1.1 South Africa Protective Relay Market Revenue Share, By Companies, 2019 |
14.1.2 Egypt Protective Relay Market Revenue Share, By Companies, 2019 |
14.1.3 Nigeria Protective Relay Market Revenue Share, By Companies, 2019 |
14.2 Africa Protective Relay Market Competitive Benchmarking, By Operating Parameters |
15. Company Profiles |
16. Key Recommendations |
17. Disclaimer |