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Middle East & Africa electric distribution utility market size was valued at USD 41 billion in 2024 and is estimated to grow at a CAGR of 7% from 2025 to 2034. Rising electricity demand and paradigm shift toward adoption of renewable energy sources, improved service reliability is complementing the industry landscape. Investments in resilient, efficient networks allow utilities to meet growing demand while reducing outages are reshaping the industry outlook.
Collaborative efforts by authorities and financial institutions toward the enhancement of electricity infrastructure across remote areas will further augment the business dynamics. For instance, in April 2024, the World Bank Group and African Development Bank Group are collaborating with an aim to deliver electricity access to 300 million Africans by 2030. This ambitious project aims to connect 250 million people through the World Bank's efforts, utilizing renewable energy systems and grid expansion.
Report Attribute | Details |
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Base Year: | 2024 |
Middle East and Africa Electric Distribution Utility Market Size in 2024: | USD 41 Billion |
Forecast Period: | 2025 - 2034 |
Forecast Period 2025 - 2034 CAGR: | 7% |
2034 Value Projection: | USD 81.4 Billion |
Historical Data for: | 2021 - 2024 |
No. of Pages: | 90 |
Tables, Charts & Figures: | 12 |
Segments covered: | Component, End Use, Voltage and Country |
Growth Drivers: |
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Pitfalls & Challenges: |
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The African Development Bank will focus on providing power access to the remaining 50 million individuals. This collaborative initiative represents a significant step towards improving energy infrastructure across the African continent.
Middle East & Africa electric distribution utility industry is undergoing significant transformation driven by ongoing technological advancements and favorable regulatory landscape. Utilities are increasingly focusing on sustainability by integrating renewable energy sources into their distribution networks, further complementing the industry landscape. The rapidly rising electricity demand has prompted utilities to invest in advanced infrastructure that supports effective demand response programs, balancing supply and demand dynamics, contributing to industry growth. Furthermore, the integration of digital customer engagement platforms and the increasing focus of component manufacturers on innovative product designs positively enhancing the business dynamics.
The switchgear segment is anticipated to cross USD 33.5 billion by 2034. The increasing implementation of smart grid technologies, which utilize advanced communication and information systems to optimize electricity generation, distribution, and consumption, is contributing to industry growth. Furthermore, the modernization of aging electrical infrastructure in both emerging and developed nations, along with the expansion of power grids, is propelling the switchgear industry growth.
The Middle East & Africa electric distribution utility market from commercial segment is poised to witness a CAGR of over 6.5% through 2034. Rapidly increasing development of commercial establishments, widespread adoption of smart technologies along with government regulations toward adoption of energy efficient units is complementing the business landscape. The increasing demand for safe and reliable electrical infrastructure across commercial establishments including, hotels, hospitals, schools and colleges, malls amongst others is driving the need for more advanced power distribution components across the industry.
Saudi Arabia electric distribution utility market is set to reach USD 16 billion by 2034. Rising electricity demand along with strong government backing and investments in renewable energy projects is contributing to the industry growth. Ongoing expansion of long-distance networks and modernization of local distribution systems, increasing urban population and developing industrial sector is augmenting the industry outlook.
Ongoing technological advancement and public-private partnerships aimed at upgrading and expanding the electric distribution infrastructure will positively influence the business dynamics. For instance, in November 2024, Alfanar Projects came into energy agreements of over USD 5.3 billion with Saudi Electricity Co., announced at the Energy Localization Forum organized by the MOE, aim to advance the nation’s power modernization and renewable energy initiatives.
Major companies in the Middle East & Africa electric distribution utility industry include Eaton, ABB, GE Vernova, Mitsubishi Electric, alfanar and Siemens. These companies are implementing advanced technologies and diverse energy solutions. They hold a significant market share due to their global presence, technological innovations, and strategic positioning. The industry environment promotes collaboration and partnerships, as utilities aim to incorporate advanced technologies to enhance efficiency and customer service.
Major players operating across the industry include:
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Market, By Component
Market, By End Use
Market, By Voltage
The above information has been provided for the following countries: