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Middle East & Africa High Voltage Gas Insulated Switchgear Market Trends

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

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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.

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.