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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.
MEA High Voltage Gas Insulated Switchgear Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| MEA High Voltage Gas Insulated Switchgear Market Size in 2023: | USD 2.6 Billion |
|---|
| Forecast Period: | 2024 - 2032 |
|---|
| Forecast Period 2024 - 2032 CAGR: | 8.7% |
|---|
| 2032 Value Projection: | USD 5.6 Billion |
|---|
| Historical Data for: | 2018 – 2023 |
|---|
| No. of Pages: | 170 |
|---|
| Tables, Charts & Figures: | 207 |
| Segments covered: | Capacity, Application |
|---|
| Growth Drivers: | - Rising demand for electricity
- Sustainable energy infrastructure integration
|
|---|
| Pitfalls & Challenges: | - Slow paced technological evolution across developing regions
- Heavy reliability on imports
|
|---|
