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Middle East & Africa High Voltage Gas Insulated Switchgear Market Analysis

  • Report ID: GMI8643
  • Published Date: Mar 2024
  • Report Format: PDF

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.
 

Middle East & Africa High Voltage Gas Insulated Switchgear Market Revenue Share, By Application, 2023

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.
 

Saudi Arabia High Voltage Gas Insulated Switchgear Market Size, 2022 – 2032 (USD Million)

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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of Middle East & Africa high voltage gas insulated switchgear was reached USD 2.6 billion in 2023 and is projected to grow at a rate of 8.7% through 2032, propelled by rapid urbanization, industrialization, and infrastructure development projects.

The 72.5 kV voltage segment of MEA high voltage gas insulated switchgear industry is projected to surpass USD 2.2 billion by 2032, driven by its broad application scope, cost-effectiveness, and reliability.

The Saudi Arabia HV gas insulated switchgear industry held a decent revenue share in 2023 and is projected to cross USD 1.2 billion by 2032, owing to the rapid industrialization, alongside the investments in renewable energy projects.

Bharat Heavy Electricals Limited, CHINT Group, Fuji Electric Co., Ltd., GE, Hitachi Energy Ltd., HD HYUNDAI ELECTRIC CO., LTD., Huayi Electric Co. Ltd., Jiangsu Jingdian Electric Co., Ltd., LS ELECTRIC Co., Ltd., Mitsubishi Electric Corporation, MEIDENSHA CORPORATION are some of the major industry contenders.

MEA High Voltage Gas Insulated Switchgear Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 207
  • Countries covered: 6
  • Pages: 170
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