Market Size of Middle East and Africa High Voltage Switchgear Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East And Africa High Voltage Switchgear Market Analysis
The Middle East And Africa high voltage switchgear market is expected to register a CAGR of more than 6% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market now reached pre-pandemic levels.
- Over the medium term, increasing electricity generation and consumption, network expansions to accommodate the infrastructure development projects, and integration of renewables into the grid are expected to drive the Middle East and Africa high-voltage switchgear market during the forecast period.
- On the other hand, stringent environmental and safety regulations related to the Middle East and Africa high-voltage switchgear market are restraining factors.
- Nevertheless, expanding power transmission and distribution (T&D) infrastructure to achieve high electricity access rates in the Middle East and Africa region is expected to create significant opportunities for high-voltage switchgear manufacturers.
- Saudi Arabia dominates the high-voltage switchgear market, with the major demand for high-voltage switchgear coming from the rising investment in alternative energy sources.
Middle East And Africa High Voltage Switchgear Industry Segmentation
High-voltage switchgear is vital to electrical grids or high-tension power distribution networks. It enables the safe, efficient, and reliable transfer of electrical energy by providing a means to safely disconnect and isolate electrical equipment from the power supply. Here is more about this type of switchgear.
The Middle East and Africa high voltage switchgear market is segmented based on type, end-user, and geography. The market type is segmented as Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS). The market is segmented by end-user as Commercial & Residential, and Industrial & Utilities. The report also covers the market size and forecasts across major regional countries. Each segment's market size and forecast are based on revenue (USD billion).
| Type | |
| Gas-insulated | |
| Air-insulated | |
| Other Types |
| End User | |
| Commercial & Residential | |
| Industrial & Utilities |
| Geography | |
| Saudi Arabia | |
| Iran | |
| South Africa | |
| United Arab Emirates | |
| Rest of the Middle East and Africa |
Middle East and Africa High Voltage Switchgear Market Size Summary
The Middle East and Africa high-voltage switchgear market is poised for significant growth, driven by increasing electricity generation and consumption, as well as the expansion of transmission and distribution infrastructure to support infrastructure development projects. The integration of renewable energy sources into the grid further propels the demand for high-voltage switchgear. Despite challenges posed by stringent environmental and safety regulations, the market is expected to benefit from substantial opportunities in power transmission and distribution, particularly in regions with high electricity access rates. Saudi Arabia stands out as a dominant player in the market, largely due to its investments in alternative energy sources, which are expected to drive the demand for high-voltage switchgear.
Gas-insulated high-voltage switchgear (GIS) is gaining traction due to its advantages, such as reduced field construction work, flexible designs, and minimal maintenance. The increasing urbanization and industrialization across developing economies in the region are anticipated to boost the demand for GIS. Notably, Saudi Arabia's Vision 2030 aims to significantly increase renewable power capacity, which will enhance the utilization of high-voltage switchgear for transmission and distribution purposes. The market is moderately fragmented, with key players like Hitachi Energy Ltd., Schneider Electric SE, and General Electric Company actively participating in the region. Collaborations and contracts, such as those between Hitachi Energy and GCCIA, highlight ongoing efforts to upgrade and expand high-voltage infrastructure, further supporting market growth.
Middle East and Africa High Voltage Switchgear Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Gas-insulated
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2.1.2 Air-insulated
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2.1.3 Other Types
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2.2 End User
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2.2.1 Commercial & Residential
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2.2.2 Industrial & Utilities
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 Iran
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2.3.3 South Africa
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2.3.4 United Arab Emirates
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2.3.5 Rest of the Middle East and Africa
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Middle East and Africa High Voltage Switchgear Market Size FAQs
What is the current Middle East and Africa High Voltage Switchgear Market size?
The Middle East and Africa High Voltage Switchgear Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa High Voltage Switchgear Market?
General Electric Company, Siemens AG, Mitsubishi Electric Corporation, Hitachi Energy Ltd. and Toshiba Corporation are the major companies operating in the Middle East and Africa High Voltage Switchgear Market.
