Middle-East And Africa Low Voltage Switchgear Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.19 Billion |
| Market Size (2029) | USD 3.70 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle-East And Africa Low Voltage Switchgear Market Analysis
The Middle-East And Africa Low Voltage Switchgear Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 3.70 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).
- Over the short term, the Middle-East and Africa Low Voltage Switchgear Market is anticipated to grow substantially due to the growing infrastructure projects in the region resulting in high demand for power distribution and the growing power demand from commercial and industrial sectors.
- On the other hand, high operations and maintenance costs are expected to hinder the market growth.
- Nevertheless, the developments associated with the smart grids in the region create ample opportunities for the low-voltage switchgear market.
Middle-East And Africa Low Voltage Switchgear Market Trends
Upcoming Power Transmission Projects Expected to Drive the Market
- The Middle East and African region have witnessed continuous growth in industrialization and other infrastructural growth, leading to an upsurge in demand for power distribution networks. The most highlighted countries in the region in the power distribution sector, as of 2022, are Saudi Arabia, Ghana, Nigeria, United Arab Emirates.
- In the United Arab Emirates, the electricity generated was around 154.74 TWh in 2022, an uptrend in the last five years due to the country's power demand growth. The government and the private companies responded well by power distribution network establishments and smart grids.
- Not only in the United Arab Emirates, the other countries in the region m and the governments are also focusing on power distribution projects based on the smart grid concept. It is predicted that the Middle East and North African region will invest heavily in developing smart grids as utilities and energy companies push ahead with programs to develop clean energy and improve the efficiency of electricity sectors.
- Furthermore, due to the relative lack of indigenous technology and expertise, many African countries collaborate with others, such as China, India, and Europe. These countries have the technical and financial capabilities to help develop T&D projects and have collaborated with financially weaker African countries in their grid modernization efforts. In January 2022, Power Grid Corporation of India Ltd signed an agreement with Africa50 to develop the Kenya T&D Project on a public-private partnership basis. The project involves developing, financing, constructing, and operating the 400 kV Lessos- Loosuk and 220 kV Kisumu - Musaga transmission lines, with PowerGrid India providing technical and operational expertise.
- Such developments have a proliferating effect on the low-voltage switchgear market in the region.
Saudi Arabia Expected to Witness Significant Growth
- Saudi Arabia is developing new greenfield and brownfield power transmission and distribution projects to meet the growing power demand from all consumption areas. The government and private companies responded to the elevated power demand through new power generation projects and upgrading the power transmission and distribution networks.
- In the year 2022, the electricity generated in the country was around 401.59 TWh, an upward shift from 380.89 TWh in 2020. The government has also planned new power transmission and distribution projects to enhance and expand power transmission efficiency.
- For example, in March 2022, the Linxon company clinched three contracts worth USD 62 million to deliver power distribution network expansion projects for the Saudi Electricity Company. It includes the expansion of the existing Badar substation in Riyadh, the additional installation of reactors at Nafal, and the expansion and installation of bus reactors at Makkah and Jeddah North East substations.
- Furthermore, in March 2023, L&T bagged the contract to build a 380kV substation in Saudi Arabia. The agreement includes the design and EPC of more than 400km of 380kV overhead transmission lines, a new 230kV gas-insulated substation, and associated automation and protection systems.
- Such developments are expected to have a propelling effect on the low-voltage switchgear market in the country.
Middle-East And Africa Low Voltage Switchgear Industry Overview
The Middle-East and Africa Low Voltage Switchgear Market is semi-consolidated. Some of the key players (in no particular order) include Hitachi Energy Ltd., General Electric Company, Schneider Electric SE, Siemens AG, and Eaton Corporation PLC., among others.
Middle-East And Africa Low Voltage Switchgear Market Leaders
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General Electric Company
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Schneider Electric SE
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Siemens AG
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Eaton Corporation PLC
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Hitachi Energy Ltd.
*Disclaimer: Major Players sorted in no particular order
Middle-East And Africa Low Voltage Switchgear Market News
- January 2023: Vertiv announced the expansion of its factory in Ras Al Khaimah, United Arab Emirates, to support its low voltage switchgear, integrated modular solutions (IMS), and busway businesses.
- October 2022: ABB Ltd. supplied and installed low-voltage switchgear at the largest potato processing factory in Egypt, particularly for the power management of its two production lines. The factory covering an area of 15,000 square meters, is located in the EI Oweinat area of Egypt.
- September 2022: Civil & Electrical Projects Contracting Company (CEPCO), Saudi Arabia, announced signing a contract agreement with Saudi Electricity Company (SEC). The contract was the first strategic business regarding the complete engineering, procurement, and construction (EPC) of the substation contract. The major equipment/material of the project includes different types of switchgear and others.
Middle-East And Africa Low Voltage Switchgear Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD, till 2028
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Growing Infrastructure Projects in the Region
- 4.5.2 Restraints
- 4.5.2.1 High Operations and Maintenance Costs
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Substation
- 5.1.2 Distribution
- 5.1.3 Utility
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5.2 Installation
- 5.2.1 Outdoor
- 5.2.2 Indoor
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5.3 Voltage Rating
- 5.3.1 Less Than 250 V
- 5.3.2 250 V - 750 V
- 5.3.3 750 V - 1000 V
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5.4 Geography
- 5.4.1 Saudi Arabia
- 5.4.2 United Arab Emirates
- 5.4.3 Nigeria
- 5.4.4 South Africa
- 5.4.5 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Hitachi Energy Ltd.
- 6.3.2 Schneider Electric SE
- 6.3.3 General Electric Company
- 6.3.4 Eaton Corporation PLC
- 6.3.5 Toshiba Corporation
- 6.3.6 Mitsubishi Electric Corporation
- 6.3.7 Siemens Energy AG
- 6.3.8 Hyosung Heavy Industries Corporation
- 6.3.9 Bharat Heavy Electricals Limited
- 6.3.10 Powell Industries Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 The Developments associated with the Smart Grids in the Region
Middle-East And Africa Low Voltage Switchgear Industry Segmentation
Low voltage switchgear refers to a collection of electrical equipment used to control, protect, and isolate electrical equipment and circuits with a voltage rating of up to 1000V AC (alternating current) or 1500V DC (direct current). The main function of low-voltage switchgear is to distribute electrical power from the source of power to various electrical equipment and loads and to protect the equipment and circuits from overloads, short circuits, and other faults. Low-voltage switchgear is essential to any electrical distribution system, ensuring the safe and reliable delivery of electrical power.
The Middle-East and Africa Low Voltage Switchgear Market is segmented by Application (Substation and Distribution), Installation (Indoor and Outdoor), Voltage Rating (Below 250 V, 250 V - 750V, and 750V - 1000 V), and Geography (Saudi Arabia, United Arab Emirates, Nigeria, South Africa, Rest of Middle-East and Africa). The report also covers the market size and forecasts across major regional countries. For each segment, the market sizing and forecasts have been done based on revenue (USD).
| Application | Substation |
| Distribution | |
| Utility | |
| Installation | Outdoor |
| Indoor | |
| Voltage Rating | Less Than 250 V |
| 250 V - 750 V | |
| 750 V - 1000 V | |
| Geography | Saudi Arabia |
| United Arab Emirates | |
| Nigeria | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle-East And Africa Low Voltage Switchgear Market Research Faqs
How big is the Middle-East And Africa Low Voltage Switchgear Market?
The Middle-East And Africa Low Voltage Switchgear Market size is expected to reach USD 2.19 billion in 2024 and grow at a CAGR of 5% to reach USD 3.70 billion by 2029.
What is the current Middle-East And Africa Low Voltage Switchgear Market size?
In 2024, the Middle-East And Africa Low Voltage Switchgear Market size is expected to reach USD 2.19 billion.
Who are the key players in Middle-East And Africa Low Voltage Switchgear Market?
General Electric Company, Schneider Electric SE, Siemens AG, Eaton Corporation PLC and Hitachi Energy Ltd. are the major companies operating in the Middle-East And Africa Low Voltage Switchgear Market.
What years does this Middle-East And Africa Low Voltage Switchgear Market cover, and what was the market size in 2023?
In 2023, the Middle-East And Africa Low Voltage Switchgear Market size was estimated at USD 2.09 billion. The report covers the Middle-East And Africa Low Voltage Switchgear Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East And Africa Low Voltage Switchgear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East And Africa Low Voltage Switchgear Industry Report
Statistics for the 2024 Middle-East And Africa Low Voltage Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East And Africa Low Voltage Switchgear analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
