Middle East & Africa High Voltage Gas Insulated Switchgear Market, By Capacity (72.5 kV, 145 kV, 245 kV, 275 kV, 300 kV, 400 kV, 500 kV, 765 kV), By Application (Offshore Wind, Others), & Forecast, 2024 – 2032
Report ID: GMI8643
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Published Date: March 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 207
Countries covered: 6
Pages: 170
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Middle East & Africa High Voltage Gas Insulated Switchgear Market
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Middle East & Africa High Voltage Gas Insulated Switchgear Market Size
Middle East & Africa High Voltage Gas Insulated Switchgear Market was values at USD 2.6 billion in 2023 and is projected to grow at a CAGR of over 8.7% during 2024 to 2032, propelled by rapid urbanization, industrialization, and infrastructure development projects, which in turn necessitate reliable electricity transmission solutions.
Moreover, increasing investments in renewable energy projects and grid modernization initiatives drive demand for high voltage gas insulated switchgear. In August 2023, the UAE Ministry of Energy and Infrastructure unveiled a USD 653 million investment plan for electricity transmission and distribution projects. This initiative involves constructing new substations and upgrading existing ones, fueling HV switchgear demand in the country.
Middle East & Africa High Voltage Gas Insulated Switchgear Market Trends
The Middle East & Africa high voltage gas insulated switchgear industry is witnessing significant growth driven by regulatory mandates for energy efficiency and emission reduction, driving the adoption of high voltage gas insulated switchgear. Additionally, the need for grid reliability and resilience, particularly in areas prone to natural disasters, is accelerating market growth. Additionally, increasing investments in renewable energy projects and the expansion of transmission and distribution networks are creating opportunities for market expansion in the Middle East & Africa region.
Middle East & Africa High Voltage Gas Insulated Switchgear Market Analysis
In the Middle East & Africa, the 72.5 kV voltage capacity holds a dominant market position and is projected to surpass USD 2.2 billion until 2032, driven by its broad application scope, cost-effectiveness, and reliability. With its versatility, this switchgear is well-suited for power distribution across various sectors and serves as an optimal choice for integrating renewable energy sources, facilitating grid modernization initiatives. Additionally, its cost-efficient nature enables utilities and industries to maximize their investments in power infrastructure without sacrificing performance. Moreover, the high reliability and safety of 72.5 kV gas-insulated switchgear ensure stable power transmission, further enhancing its market preference.
The offshore wind application is likely to grow at a CAGR of over 8.5% between 2024 and 2032, driven by expansion in sectors such as renewable energy integration, industrial infrastructure development, and grid modernization initiatives. This expansion is fueled by increasing investments in power transmission and distribution infrastructure, rising demand for reliable electricity supply, and the need for efficient grid management solutions. These factors are propelling the adoption of HV gas insulated switchgear across various applications in the region.
The Suadi Arabia HV gas insulated switchgear market is estimated to reach USD 1.2 billion by 2032, owing to the rapid industrialization, urbanization, and population growth Investments in renewable energy projects, such as the Sakaka solar project, are further driving this demand. The Saudi government's initiatives like the National Transformation Program and Vision 2030 aim to modernize the power infrastructure, diversify the economy, and promote sustainable development. Additionally, government regulations prioritizing energy efficiency and grid reliability are accelerating the adoption of advanced switchgear technologies in the country.
Middle East & Africa High Voltage Gas Insulated Switchgear Market Share
GE holds a significant share in the Middle East & Africa high voltage gas insulated switchgear industry due to its advanced technology offerings, extensive product portfolio, and strong regional presence. Leveraging innovative solutions and strategic partnerships, GE has established itself as a preferred choice for utilities and industries seeking reliable and efficient switchgear solutions in the region.
Middle East & Africa High Voltage Gas Insulated Switchgear Market Companies
Some of the major key players operating across the Middle East & Africa high voltage gas insulated switchgear industry are:
Middle East & Africa High Voltage Gas Insulated Switchgear Industry News
This Middle East & Africa high voltage gas insulated switchgear market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume and revenue in Units and USD Million from 2019 to 2032, for the following segments:
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Market, By Capacity
Market, By Application
The above information has been provided for the following countries: