The Middle East switchgears market is anticipated to reach USD 13.35 billion by 2030, registering a CAGR of 3.4% from 2023 to 2030. During the forecast period, rising electricity consumption in the area is anticipated to boost the market expansion. Electrical systems employ switchgear to reduce failure and the impacts of faulty currents.
Due to their efficiency and financial advantages, gas-insulated switchgears are outpacing air-insulated switchgears. Device reduction and technological developments to reduce environmental effects could possibly be major market drivers for Middle East switchgears market. During the forecast period, market growth is anticipated to be aided by the requirement to guarantee safety and quicken economic development. However, the Middle East switchgears market is anticipated to face difficulties because of the large price cuts brought on by the fierce competition.
Switchgear is generally utilized to ensure consistent, high-quality power supply in several applications, including transmission and distribution utilities, residential, commercial, and industrial sectors. The outcomes of R&D initiatives include supplying competitive pricing, raising end-user performance satisfaction, and integrating smart and intelligent technology into switchgear.
By collaborating on projects or forming partnerships, firms can increase their R&D efforts and introduce cutting-edge goods to the Middle East switchgears market. Additionally, setting up service and sales locations in developing switchgear markets of the Middle East and Africa and establishing partnerships with local distributors pave the way for the channel's reach to increase in the Middle East switchgears market.
As a result of the rising investments in the creation of renewable energy sources and supportive governmental policies along with subsidies for new technology, it is expected that the market ecology would improve. Following that, as attempts to reduce global carbon emissions and consumer awareness of the benefits of renewable energy, switching equipment would be used more frequently.
It is expected that both the adoption of switchgear components and the demand for switchgear will be influenced by the building of new transmission and distribution lines through bulk power generating infrastructure using onshore and offshore hydro sources, wind, and solar, which is further anticipated to support the Middle East switchgears market.
Due to their efficiency and financial advantages, gas-insulated switchgears are outpacing air-insulated switchgears. Device reduction and technological developments to reduce environmental effects could possibly be major market drivers for Middle East switchgears market. During the forecast period, market growth is anticipated to be aided by the requirement to guarantee safety and quicken economic development. However, the Middle East switchgears market is anticipated to face difficulties because of the large price cuts brought on by the fierce competition.
Switchgear is generally utilized to ensure consistent, high-quality power supply in several applications, including transmission and distribution utilities, residential, commercial, and industrial sectors. The outcomes of R&D initiatives include supplying competitive pricing, raising end-user performance satisfaction, and integrating smart and intelligent technology into switchgear.
By collaborating on projects or forming partnerships, firms can increase their R&D efforts and introduce cutting-edge goods to the Middle East switchgears market. Additionally, setting up service and sales locations in developing switchgear markets of the Middle East and Africa and establishing partnerships with local distributors pave the way for the channel's reach to increase in the Middle East switchgears market.
As a result of the rising investments in the creation of renewable energy sources and supportive governmental policies along with subsidies for new technology, it is expected that the market ecology would improve. Following that, as attempts to reduce global carbon emissions and consumer awareness of the benefits of renewable energy, switching equipment would be used more frequently.
It is expected that both the adoption of switchgear components and the demand for switchgear will be influenced by the building of new transmission and distribution lines through bulk power generating infrastructure using onshore and offshore hydro sources, wind, and solar, which is further anticipated to support the Middle East switchgears market.
Middle East Switchgears Market Report Highlights
- The demand for medium and high-voltage switchgears is anticipated to increase significantly as they are utilized more frequently in industrial and utility applications. Power distribution systems and residential applications, where low voltage switchgears are most frequently used. During the next six years, high-voltage switchgears are anticipated to be the dominant product category
- The fundamental driver for the T & D Utilities sector is the growing requirement for a steady supply of electricity to sustain economic expansion. Growing regional awareness of the need to prevent water waste is helping the industry to expand. The oil and gas sector is anticipated to provide the maximum contributions to the expansion of industrial applications
- The Middle East switchgears market is favored by the economic expansion in Saudi Arabia across numerous industries, including power, infrastructure, petrochemicals, and water & wastewater. During the forecast period, significant growth is anticipated in the UAE and Qatar. These nations' have quick infrastructure growth, which is anticipated to fuel market expansion
Table of Contents
Chapter 1. Methodology and Scope1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Middle East Switchgears Market - Industry Snapshot, 2018 - 2030
Chapter 3. Middle East Switchgears Market Variables, Trends & Scope
3.1. Market Size and Growth Prospects, 2018 - 2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis
Chapter 4. Middle East Switchgears Voltage Outlook
4.1. Low Voltage
4.1.1. Low Voltage Market estimates and forecasts, 2018 - 2030
4.2. Medium Voltage
4.2.1. Medium Voltage Market estimates and forecasts, 2018 - 2030
4.3. High Voltage
4.3.1. High Voltage Market estimates and forecasts, 2018 - 2030
Chapter 5. Middle East Switchgears Insulation Outlook
5.1. Air
5.1.1. Air Market estimates and forecasts, 2018 - 2030
5.2. Gas
5.2.1. Gas Market estimates and forecasts, 2018 - 2030
5.3. Oil
5.3.1. Oil Market estimates and forecasts, 2018 - 2030
5.4. Vacuum
5.4.1. Vacuum Market estimates and forecasts, 2018 - 2030
5.5. Other
5.5.1. Other Market estimates and forecasts, 2018 - 2030
Chapter 6. Middle East Switchgears Current Outlook
6.1. AC
6.1.1. AC Market estimates and forecasts, 2018 - 2030
6.2. DC
6.2.1. DC Market estimates and forecasts, 2018 - 2030
Chapter 7. Middle East Switchgears Application Outlook
7.1. T & D Utilities
7.1.1. . T & D Utilities Market estimates and forecasts, 2018 - 2030
7.2. Commercial & Residential
7.2.1. Commercial & Residential Market estimates and forecasts, 2018 - 2030
7.3. Industrial
7.3.1. . Industrial Market estimates and forecasts, 2018 - 2030
Chapter 8. Competitive Landscape
8.1. ABB Ltd
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Alstom
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Areva Inc.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Bharat Heavy Electricals Limited (BHEL)
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Crompton Greaves
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Eaton Corporation
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. General Electric
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Hitachi Limited
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Larsen & Toubro Limited
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Legrand
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Mitsubishi Electric Corporation
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. NR Electric Co., Ltd
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Powell Industries
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
List of Tables
Table 1 Middle East switchgears market, 2018 - 2030 (USD Billion)
Table 2 Middle East switchgears market by voltage, 2018 - 2030 (USD Billion)
Table 3 Middle East switchgears market by insulation, 2018 - 2030 (USD Billion)
Table 4 Middle East switchgears market by current, 2018 - 2030 (USD Billion)
Table 5 Middle East switchgears market by application, 2018 - 2030 (USD Billion)
Table 6 Middle East low-voltage switchgears market, 2018 - 2030 (USD Billion)
Table 7 Middle East medium-voltage switchgears market, 2018 - 2030 (USD Billion)
Table 8 Middle East high-voltage switchgears market, 2018 - 2030 (USD Billion)
Table 9 Middle East air insulation switchgears market, 2018 - 2030 (USD Billion)
Table 10 Middle East gas insulation switchgears market, 2018 - 2030 (USD Billion)
Table 11 Middle East oil insulation switchgears market, 2018 - 2030 (USD Billion)
Table 12 Middle East vacuum insulation switchgears market, 2018 - 2030 (USD Billion)
Table 13 Middle East other insulation switchgears market, 2018 - 2030 (USD Billion)
Table 14 Middle East AC current switchgears market, 2018 - 2030 (USD Billion)
Table 15 Middle East DC current switchgears market, 2018 - 2030 (USD Billion)
Table 16 Middle East T & D utilities application switchgears market, 2018 - 2030 (USD Billion)
Table 17 Middle East commercial & residential application switchgears market, 2018 -2030 (USD Billion)
Table 18 Middle East industrial application switchgears market, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Middle East Switchgears market segmentation
Fig. 2 Middle East switchgears market, 2018 - 2030 (USD Billion)
Fig. 3 Switchgears - Value chain analysis
Fig. 4 Switchgears market dynamics
Fig. 5 Switchgears - Porter’s Five Forces Analysis
Fig. 6 Switchgears - PESTEL Analysis
Fig. 7 Middle East switchgears market by voltage, 2013 & 2020
Fig. 8 Middle East low-voltage switchgears market, 2018 - 2030 (USD Billion)
Fig. 9 Middle East medium-voltage switchgears market, 2018 - 2030 (USD Billion)
Fig. 10 Middle East high-voltage switchgears market, (USD Billion)
Fig. 11 Middle East switchgears market by insulation, 2013 & 2020
Fig. 12 Middle East air insulation switchgears market, 2018 - 2030 (USD Billion)
Fig. 13 Middle East gas insulation switchgears market, 2018 - 2030 (USD Billion)
Fig. 14 Middle East oil insulation switchgears market, (USD Billion)
Fig. 15 Middle East vacuum insulation switchgears market, 2018 - 2030 (USD Billion)
Fig. 16 Middle East other insulation switchgears market, (USD Billion)
Fig. 17 Middle East switchgears market by current, 2013 & 2020
Fig. 18 Middle East AC current switchgears market, 2018 - 2030 (USD Billion)
Fig. 19 Middle East DC current switchgears market, 2018 - 2030 (USD Billion)
Fig. 20 Middle East switchgears market by application, 2013 & 2020
Fig. 21 Middle East T & D application switchgears market, 2018 - 2030 (USD Billion)
Fig. 22 Middle East commercial & residential application switchgears market, 2018 - 2030 (USD Billion)
Fig. 23 Middle East industrial application switchgears market, 2018 - 2030 (USD Billion)
Companies Mentioned
- ABB Ltd
- Alstom
- Areva Inc.
- Bharat Heavy Electricals Limited (BHEL)
- Crompton Greaves
- Eaton Corporation
- General Electric
- Hitachi Limited
- Larsen & Toubro Limited
- Legrand
- Mitsubishi Electric Corporation
- NR Electric Co., Ltd
- Powell Industries
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 10.29 Billion |
| Forecasted Market Value ( USD | $ 13.35 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Middle East |
| No. of Companies Mentioned | 13 |
