Press Release Description

Rapid Infrastructural Development & Renovations across the GCC to Drive the Switchgear Market

The GCC Switchgear Market is expecting around 5% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The growing energy consumption by the exponentially rising population is the prime aspect surging the demand for a robust system like switchgear to manage & protect the facility from sudden triggers of energy flow and, in turn, driving the market across GCC countries.

Besides, the mounting focus of governments of different regional countries on infrastructural developments, i.e., introducing numerous projects associated with the construction of residential, commercial, & industrial facilities, along with renovations of aging facilities, is also boosting the switchgear market. 

Moreover, the growing establishment of power plants and the swift expansion of the manufacturing sector are other crucial aspects projected to fuel the overall market growth through 2027, further states the research report, "GCC Switchgear Market Analysis, 2022."

High Protection & Operational Efficiency of Air Insulated Switchgear to Boost the Market

Air-insulated switchgear occupies less space, offers greater safety than other types of switchgear & higher protection from ambient conditions, and is pollution-free & cost-effective. As a result, its burgeoning demand across different end-users like T&D (Transmission & Distribution) utilities, industrial, commercial, and residential sectors is contributing significantly to the overall market growth.

Moreover, their extensive use in compact substations in load centers like high-rise buildings, large public facilities, & factories, owing to benefits like hassle-free fault location & repairing, is also projecting lucrative prospects for the overall market growth through 2027.

Rapid Construction & Development in Saudi Arabia to Augment the Market Growth through 2027

The growing government focus on infrastructural developments and remodeling of aging facilities is surging the demand for switchgear across Saudi Arabia and stimulating the overall market growth. Besides, increasing construction activities associated with airports, malls, hotels, resorts, corporate spaces, educational institutes, etc., in the country are other prominent aspects augmenting the demand for robust switchgear systems for greater operational efficiency & safety by automatically interrupting the high energy flow and protecting the entire electrical systems from damage, reveals MarkNtel Advisors in their research report, "GCC Switchgear Market Analysis, 2022."

Competitive Landscape

The leading players in the GCC Switchgear Market are General Electric, Hitachi, ABB, Siemens, Fuji Electric, Mitsubishi Electric, Schneider, Eaton, Alfanar, and Al Ahelia Switchgear Co.

Key Questions Answered in the Research Report

  1. What are the current & future trends in the GCC Switchgear Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across GCC, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the GCC Switchgear Market?
  5. What are the customer orientation, purchase behavior, & expectations from switchgear manufacturers across GCC?

Market Segmentation:

  1. By Insulation (Gas Insulated Switchgear, Air Insulated Switchgear, Oil Insulated Switchgear, Vacuum Insulated Switchgear)
  2. By Installation (Indoor, Outdoor)
  3. By Voltage (Low, Medium, High)
  4. By End-User (T&D Utility, Industrial, Commercial, Residential)
  5. By Region (UAE, Saudi Arabia, Oman, Qatar, Bahrain, Kuwait)
  6. By Company (General Electric, Hitachi, ABB, Siemens, Fuji Electric, Mitsubishi Electric, Schneider, Eaton, Alfanar, Al Ahelia Switchgear Co.)