GCC Switchgear

GCC Switchgear Market Research Report: Forecast (2022-27)

By Insulation (Gas Insulated Switchgear, Air Insulated Switchgear, Oil Insulated Switchgear, Vacuum Insulated Switchgear), By Installation (Outdoor, Indoor), By Voltage (Low, Medium, High), By End-Use Read more

  • Energy
  • Mar 2022
  • 167
  • EN77017

Market Definition

Switchgear is a centralized collection of fuses, circuit breakers, & switches that protect, manage, & isolate electrical equipment from triggering energy flow. During an electrical surge, the switchgear automatically interrupts the power flow & protects the entire electrical system from damage. In addition, these systems are also used widely for de-energizing equipment to ensure fuel clearance, safer testing, and maintenance.

Market Insights

The GCC Switchgear Market is projected to grow at a CAGR of around 5% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the rapidly increasing electricity consumption across different countries in the GCC, owing to the rapidly expanding industrial sector. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 5%
Country Covered UAE, Saudi Arabia, Oman, Qatar, Bahrain, Kuwait
Key Companies Profiled General Electrics, Hitachi, ABB, Siemens, Fuji Electrics, Mitsubishi, Schneider, Eaton, Alfanar, Al Ahelia Switchgear Co.
Unit Denominations USD Million/Billion

 

Besides, the growing focus of governments of countries like the UAE, Saudi Arabia, Oman, Qatar, Bahrain, and Kuwait, on infrastructural developments under their strategic plan for economic diversification is leading to the construction of airports, metros & railways, shopping complexes, corporate spaces, among others. As a result, the demand for switchgear for the adequate management & protection of the facility from high energy flow is swiftly escalating. 

Moreover, with the growing influx of tourists & pilgrims across the GCC, governments are actively working on expanding the tourism & hospitality sectors by investing massively in developing multiple hotels, resorts, & commercial complexes, while renovating aging structures. It, in turn, shall further play a crucial role in propelling the demand for switchgear and driving the market through 2027. 

In addition, since the region is a host of several expos & events, including World Expo 2020 and FIFA World Cup 2022, the construction of stadiums, auditoriums, etc., are also increasing and directly impacting the demand for switchgear and boosting the overall market growth.

Furthermore, the set-up of new power plants, refinery & petrochemical processing infrastructure, smart grids, and nuclear & renewable energy power plants is also spurring the demand for switchgear across the entire region & driving the market.

Impact of Covid-19 on the GCC Switchgear Market

The advent of Covid-19 in 2020 had a decelerating effect on most industries across the GCC, and the Switchgear Market was no exception. With the imposition of stringent movement restrictions & lockdowns by the governments of GCC countries to curb the spread of this dreadful disease, the leading players in the market witnessed several unprecedented challenges. Besides the disruptions in the supply chain for raw materials, they also observed difficulties in the deliveries of pre-produced switchgear due to hampered transportation & logistics, which, in turn, caused them significant financial losses.

Moreover, as most industries opted for work from home, the demand for switchgear across various commercial & industrial sectors reduced substantially. However, on the other hand, the power consumption rates escalated dramatically across the residential sector and induced a temporary hike in switchgear market growth amidst the crisis. It, in turn, generated growth opportunities for the leading players to expand production capacities and meet the burgeoning consumer requirements, which gave a decent boost to the overall market amidst the crisis.  

Market Segmentation

Based on Insulation:

  • Gas Insulated Switchgear
  • Air Insulated Switchgear
  • Oil Insulated Switchgear
  • Vacuum Insulated Switchgear

Amongst them all, air-insulated switchgear is likely to dominate the GCC Switchgear Market with the largest share during 2022-27. It owes principally to the easy storage of these systems, which require less space and offer greater operational efficiency & protection to the facility when the electrical flow is high.

Besides, air-insulated switchgear is gaining swift traction across compact load centers, power distribution stations, residential areas, high-rise buildings, & corporate spaces due to its capabilities to control & protect the power system.

Furthermore, other advantages like affordability, lower carbon emissions, easy construction & application, & low-cost maintenance are also contributing to the overall market growth for air-insulated switchgear across GCC.

Country Landscape

Geographically, the GCC Switchgear Market expands across:

  • UAE
  • Saudi Arabia
  • Oman
  • Qatar
  • Bahrain
  • Kuwait

Here, Saudi Arabia is expecting the largest share of the Switchgear Market during 2022-27. It owes principally to the growing government focus on infrastructural developments, i.e., leading to the increasing construction of facilities like airports, railway stations, residential complexes, commercial buildings, & corporate spaces and, in turn, surging the demand for switchgear to manage & protect the energy flow. Besides, with a growing number of aging properties, the country is also undergoing renovations, which, in turn, is propelling the need to remodel the entire electrical structure and soaring the demand for switchgear. Moreover, the various plans for economic diversification like Saudi Vision 2030, Neom City, and the Red Sea project are projecting peak electricity demand in the future. It is generating lucrative opportunities for the leading players to expand their product offerings and meet the burgeoning end-user requirements across the country over the forecast years.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the GCC Switchgear Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Switchgear Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the GCC Switchgear Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the GCC Switchgear Market study?

Frequently Asked Questions

A. The GCC Switchgear Market is projected to grow at a CAGR of around 5% during 2022-27.

A. The growing number of construction & renovation activities across different gulf countries is projected to drive the GCC Switchgear Market through 2027.

A. The escalating renovations of aging structures & facilities is an emerging trend in the GCC Switchgear Market.

A. Air Insulated Switchgear is anticipated to emerge as an area of remunerative opportunities for the leading players in the GCC Switchgear Market over the forecast years.

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Segmentation
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on GCC Switchgear Market
  4. Expert Verbatim-Interview Excerpts of industry experts
  5. GCC Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
        1. Gas Insulated Switchgear
        2. Air Insulated Switchgear
        3. Oil Insulated Switchgear
        4. Vacuum Insulated Switchgear
      2. By Installation
        1. Indoor
        2. Outdoor
      3. By Voltage
        1. Low
        2. Medium
        3. High
      4. By End User
        1. T&D Utility
        2. Industrial
        3. Commercial
        4. Residential
      5. By Region
        1. UAE
        2. Saudi Arabia
        3. Oman
        4. Qatar
        5. Bahrain
        6. Kuwait
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
    3. Market Attractiveness Index
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
      5. By Region
  6. UAE Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
  7. Saudi Arabia Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
  8. Oman Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
  9. Qatar Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
  10. Bahrain Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
  11. Kuwait Switchgear Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Insulation
      2. By Installation
      3. By Voltage
      4. By End User
  12. Global Switchgear Market Policies, Regulations, Product Standards
  13. Global Switchgear Market Trends & Insights
  14. Global Switchgear Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  15. Global Switchgear Market Hotspot and Opportunities
  16. Global Switchgear Market Key Strategic Imperatives for Success and Growth
  17. Competitive Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End User
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. General Electrics
      2. Hitachi
      3. ABB
      4. Siemens
      5. Fuji Electrics
      6. Mitsubishi
      7. Schneider
      8. Eaton
      9. Alfanar
      10. Al Ahelia Switchgear Co.
  18. Disclaimer
GCC Switchgear Market Segmentation