Market Size of UAE Switchgear Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UAE Switchgear Market Analysis
The United Arab Emirates switchgear market is expected to register a CAGR of over 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market reached pre-pandemic levels.
- Over the medium term, the increasing investment in the electricity sector and the increasing adaption of renewable energy sources are expected to increase the demand for switchgear in the region.
- On the other hand, high operations and maintenance costs are expected to hinder the market growth.
- Nevertheless, the increasing technological investments in the market to produce energy-efficient switchgear are expected to create huge opportunities for the United Arab Emirates switchgear market.
UAE Switchgear Industry Segmentation
Switchgears are electrical equipment that controls, protects, and isolates electrical circuits and equipment. They are commonly used in power systems, industrial and commercial facilities, and other applications that require reliable and safe electrical power distribution. Switchgear typically consists of circuit breakers, disconnect switches, fuses, relays, and transformers. These components work together to ensure the safe and efficient operation of the electrical system.
The United Arab Emirates switchgear market is segmented by application, installation, insulation, and voltage. The market is segmented by application into residential, industrial, commercial, and utility. By installation, the market is segmented into indoor and outdoor. By insulation, the market is segmented into air, gas, and others. The market is segmented by voltage into low, medium, and high. Each segment's market sizing and forecasts are based on revenue capacity (USD billion).
| Application | |
| Residential | |
| Commercial and Industrial | |
| Utility |
| Installation | |
| Indoor | |
| Outdoor |
| Insulation | |
| Air | |
| Gas | |
| Others |
| Voltage | |
| Low Voltage | |
| Medium Voltage | |
| High Voltage |
UAE Switchgear Market Size Summary
The United Arab Emirates switchgear market is poised for growth, driven by increasing investments in the electricity sector and the adoption of renewable energy sources. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to continue expanding over the forecast period. The UAE's strategic focus on diversifying its energy portfolio, particularly through solar energy, is a significant factor propelling the demand for switchgear. The country's efforts to enhance energy security and meet rising electricity demands are supported by large-scale power projects and the expansion of transmission and distribution networks. However, high operational and maintenance costs pose challenges to market growth, although technological advancements in energy-efficient switchgear present substantial opportunities.
The UAE's commitment to renewable energy, especially solar power, is a key driver of the switchgear market. With ambitious targets to generate a significant portion of its electricity from renewable sources by 2050, the country is actively investing in solar projects and promoting energy-efficient initiatives. This shift towards renewable energy is not only aimed at reducing carbon emissions but also at strengthening the grid infrastructure, which in turn fuels the demand for switchgear. The market is moderately fragmented, with major players like ABB Ltd., Schneider Electric SE, Siemens AG, Eaton Corporation PLC, and General Electric Company playing pivotal roles. Strategic agreements and recognitions, such as those involving Schneider Electric and AG PCS Switchgear, highlight the ongoing advancements and contributions to the sector.
UAE 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 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Residential
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2.1.2 Commercial and Industrial
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2.1.3 Utility
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2.2 Installation
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2.2.1 Indoor
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2.2.2 Outdoor
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2.3 Insulation
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2.3.1 Air
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2.3.2 Gas
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2.3.3 Others
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2.4 Voltage
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2.4.1 Low Voltage
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2.4.2 Medium Voltage
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2.4.3 High Voltage
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UAE Switchgear Market Size FAQs
What is the current UAE Switchgear Market size?
The UAE Switchgear Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in UAE Switchgear Market?
General Electric Company, Siemens AG, Eaton Corporation PLC, Schneider Electric SE and ABB Ltd. are the major companies operating in the UAE Switchgear Market.
