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Middle East & Africa Switchgear Market Analysis

  • Report ID: GMI8600
  • Published Date: Mar 2024
  • Report Format: PDF

Middle East & Africa Switchgear Market Analysis

The AC switchgear market across Middle East & Africa is projected to reach over USD 38 billion by 2032, owing to its ability to flow in multiple directions, making it ideal for various applications in residential and commercial settings. AC current is widely used in power distribution systems, including transmission and distribution networks, substations, and industrial applications. With increasing demand for reliable electricity supply, the adoption of AC-based switchgear solutions is surging, driven by their efficiency, flexibility, and compatibility with existing infrastructure, thus fueling market expansion in the region.
 

Middle East & Africa Switchgear Market Revenue Share, By Application, 2023

The utility based on applications across Middle East & Africa will showcase gains at nearly 8% up to 2032. With rising electricity demand, governments are investing heavily in modernizing and expanding power generation, transmission, and distribution networks. Utilities are upgrading aging infrastructure, integrating renewable energy sources, and enhancing grid reliability and resilience. Switchgear plays a critical role in these initiatives, facilitating efficient power distribution, protection, and control. As a result, the utility sector's increasing investments in infrastructure development are driving significant market growth.
 

Saudi Arabia Switchgear Market Size, 2022 – 2032 (USD Billion)

The Saudi Arabia switchgear market is poise to grow over USD 9.8 billion by 2032, on account of the rapid industrialization, urbanization, and population growth across the nation. The country is also investing in renewable energy projects, including the Sakaka solar project, which is expected to drive the demand for switchgear. The Saudi government has launched several initiatives to modernize and upgrade the country's power infrastructure, including the National Transformation Program and Vision 2030, which aim to diversify the economy and promote sustainable development. Furthermore, government regulations emphasizing energy efficiency and grid reliability are further fueling the adoption of advanced switchgear technologies in the country.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of the Middle East & Africa switchgear was reached USD 20.6 billion in 2023 and is projected to grow at a CAGR of 8.7% through 2032, driven by increasing investments in the power sector, growing urbanization, and the expansion of the industrial sector.

AC switchgear market segment in MEA is projected to reach over USD 38 billion by 2032, driven by their efficiency, flexibility, and compatibility with existing infrastructure.

Saudi Arabia switchgear market revenue to cross USD 9.8 billion by 2032, on account of the rapid industrialization, urbanization, and population growth across the nation.

ABB, Bharat Heavy Electricals Limited (BHEL), CHINT Group, Eaton, Fuji Electric Co., Ltd., General Electric, Hitachi Ltd., HD HYUNDAI ELECTRIC CO., LTD., Hyosung Heavy Industries, Lucy Group Ltd., Mitsubishi Electric Corporation, Ormazabal, Powell Industries, and Regal Rexnord Corporation.

Middle East & Africa Switchgear Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 305
  • Countries covered: 6
  • Pages: 260
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