Get a free sample of Middle East & Africa High Voltage Gas Insulated Switchgear Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Middle East & Africa High Voltage Gas Insulated Switchgear Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
Why is the demand for 72.5 kV voltage gas insulated switchgear increasing in MEA?
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.
What factors are pushing the growth of Saudi Arabia HV gas insulated switchgear market?
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.
How big is the Middle East & Africa high voltage gas insulated switchgear market?
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.
Which companies define the competitive landscape of Middle East & Africa high voltage gas insulated switchgear market?
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.