MEA Medium Voltage Switchgear Market Size (2024 - 2029)

The Middle East and Africa Medium Voltage Switchgear market is poised for significant growth, driven by the increasing integration of renewable energy sources and the development of new transmission and distribution networks. Despite challenges posed by the region's reliance on conventional energy supplies, urbanization is boosting energy consumption, creating substantial opportunities for the switchgear market. The market's expansion is further supported by Saudi Arabia's rising energy demands and the advancement of renewables-driven smart grid initiatives.

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Market Size of MEA Medium Voltage Switchgear Industry

MEA Medium Voltage Switchgear Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 7.00 %
Market Concentration Medium

Major Players

MEA Medium Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Medium Voltage Switchgear Market Analysis

The Middle East and Africa Medium Voltage Switchgear market is expected to register a CAGR of around 7% during the forecast period.

The COVID-19 pandemic drastically affected the electrical equipment market due to the crashed power demand and fewer power projects planned in the region.

  • Over the short term, the Middle East and Africa switchgear market is anticipated to include elevated growth due to the growing penetration of renewables in the power sector. It is also due to the new transmission and distribution network projects in countries needing appreciable access to electricity.
  • On the other hand, the dominance of the conventional energy supply, that is, the incumbent oil and gas industry in the region, is expected to challenge the growth of the power sector to fulfil the energy needs.
  • Nevertheless, the growing urbanization in the Middle East and Africa magnifies energy consumption. Hence, the demand for power generation and transmission places ample opportunities for the switchgear market.
  • Saudi Arabia will likely ace the market due to escalating energy needs and renewables-propelled smart grid development.

MEA Medium Voltage Switchgear Industry Segmentation

Switchgear consists of switching devices like circuit breakers, load break switches, contractors, current transformers, instrumentation, and control devices to perform various functions like protection and control. Medium voltage switchgear devices, commonly known as MV switchgear, play a significant role in modern electrical networks, from generating stations to transmission substations at different voltages, distribution substations, and load centres.

The Middle East and Africa medium voltage switchgear market is segmented by type, installation, application, and geography. The market is segmented by type into compact switchgear, metal-clad switchgear, metal-enclosed switchgear, pad-mounted switchgear, and vault or subsurface switchgear. By installation, the market is segmented into indoor and outdoor devices. The market is segmented by application into transmission and distribution networks, electricity generating stations, commercial buildings, industrial sector, railways, and Others. The report also covers the market size and forecasts across major regional countries. The market sizing and forecasts for each segment are based on revenue (in USD billion).

Type
Compact Switchgear
Metal-Clad Switchgear
Metal-Enclosed Switchgear
Vault or Subsurface Switchgear
Pad-mounted Switchgear
Installation
Indoor
Outdoor
Applications
Transmission and Distribution Networks
Electricity Generating Stations
Commercial Buildings
Industrial Sector
Railways
Others
Geography
Iran
Saudi Arabia
United Arab Emirates
Angola
South Africa
Rest of Middle-East and Africa
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MEA Medium Voltage Switchgear Market Size Summary

The Middle East and Africa medium voltage switchgear market is poised for significant growth, driven by the increasing integration of renewable energy sources and the development of new transmission and distribution networks. Despite the challenges posed by the dominance of conventional energy supplies, such as oil and gas, the region's growing urbanization and rising energy consumption are creating ample opportunities for the switchgear market. Countries like Saudi Arabia are expected to lead the market due to their escalating energy needs and advancements in smart grid development. The region has seen a steady, albeit slow, growth in renewable energy integration, with countries like South Africa, Iran, and the UAE making notable progress. This shift towards renewables is prompting upgrades to power infrastructure, including the adoption of smart grids, which in turn is boosting the demand for medium voltage switchgear.

Saudi Arabia is anticipated to experience accelerated growth in the medium voltage switchgear market, supported by its ambitious renewable energy projects and infrastructure developments. The Saudi government has outlined plans to significantly increase the share of renewables in its energy mix, with several large-scale projects underway. These initiatives are complemented by smart grid projects aimed at enhancing the country's electricity distribution network. The market is moderately fragmented, with key players such as ABB Ltd., Schneider Electric SE, Eaton Corporation Plc., Havells Group, and Siemens AG actively participating. Recent collaborations and projects, like those in South Africa and Turkey, highlight the ongoing efforts to bolster local manufacturing and develop innovative technologies in the region's energy management sector.

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MEA Medium Voltage Switchgear Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Compact Switchgear

      2. 2.1.2 Metal-Clad Switchgear

      3. 2.1.3 Metal-Enclosed Switchgear

      4. 2.1.4 Vault or Subsurface Switchgear

      5. 2.1.5 Pad-mounted Switchgear

    2. 2.2 Installation

      1. 2.2.1 Indoor

      2. 2.2.2 Outdoor

    3. 2.3 Applications

      1. 2.3.1 Transmission and Distribution Networks

      2. 2.3.2 Electricity Generating Stations

      3. 2.3.3 Commercial Buildings

      4. 2.3.4 Industrial Sector

      5. 2.3.5 Railways

      6. 2.3.6 Others

    4. 2.4 Geography

      1. 2.4.1 Iran

      2. 2.4.2 Saudi Arabia

      3. 2.4.3 United Arab Emirates

      4. 2.4.4 Angola

      5. 2.4.5 South Africa

      6. 2.4.6 Rest of Middle-East and Africa

MEA Medium Voltage Switchgear Market Size FAQs

The MEA Medium Voltage Switchgear Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

ABB Ltd., Schneider Electric , Eaton Corporation Plc., Havells Group and Siemens AG are the major companies operating in the MEA Medium Voltage Switchgear Market.

MEA Medium Voltage Switchgear Market Report Snapshots

Middle-East and Africa Medium Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)