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Middle-East And Africa Low Voltage Switchgear Market Size (2024 - 2029)

The Middle-East and Africa Low Voltage Switchgear Market is projected to experience significant growth over the forecast period, driven by increasing infrastructure projects and rising power demand from commercial and industrial sectors. This expansion in market size is, however, challenged by high operations and maintenance costs, which may impede growth. Despite these challenges, the advancements in smart grid technologies within the region present substantial opportunities for the market's development.

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Market Size of Middle-East And Africa Low Voltage Switchgear Industry

Middle-East And Africa Low Voltage Switchgear Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.19 Billion
Market Size (2029) USD 3.70 Billion
CAGR (2024 - 2029) 5.00 %
Market Concentration Medium

Major Players

Middle-East And Africa Low Voltage Switchgear Market Major Players

*Disclaimer: Major Players sorted in no particular order

Middle-East And Africa Low Voltage Switchgear Market Analysis

The Middle-East And Africa Low Voltage Switchgear Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 3.70 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).

  • Over the short term, the Middle-East and Africa Low Voltage Switchgear Market is anticipated to grow substantially due to the growing infrastructure projects in the region resulting in high demand for power distribution and the growing power demand from commercial and industrial sectors.
  • On the other hand, high operations and maintenance costs are expected to hinder the market growth.
  • Nevertheless, the developments associated with the smart grids in the region create ample opportunities for the low-voltage switchgear market.

Middle-East And Africa Low Voltage Switchgear Industry Segmentation

Low voltage switchgear refers to a collection of electrical equipment used to control, protect, and isolate electrical equipment and circuits with a voltage rating of up to 1000V AC (alternating current) or 1500V DC (direct current). The main function of low-voltage switchgear is to distribute electrical power from the source of power to various electrical equipment and loads and to protect the equipment and circuits from overloads, short circuits, and other faults. Low-voltage switchgear is essential to any electrical distribution system, ensuring the safe and reliable delivery of electrical power.

The Middle-East and Africa Low Voltage Switchgear Market is segmented by Application (Substation and Distribution), Installation (Indoor and Outdoor), Voltage Rating (Below 250 V, 250 V - 750V, and 750V - 1000 V), and Geography (Saudi Arabia, United Arab Emirates, Nigeria, South Africa, Rest of Middle-East and Africa). The report also covers the market size and forecasts across major regional countries. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Application
Substation
Distribution
Utility
Installation
Outdoor
Indoor
Voltage Rating
Less Than 250 V
250 V - 750 V
750 V - 1000 V
Geography
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Rest of Middle-East and Africa
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Middle-East And Africa Low Voltage Switchgear Market Size Summary

The Middle-East and Africa Low Voltage Switchgear Market is poised for significant growth over the forecast period, driven by the region's expanding infrastructure projects and increasing power demand from commercial and industrial sectors. The market is characterized by a semi-consolidated landscape with key players such as Hitachi Energy Ltd., General Electric Company, Schneider Electric SE, Siemens AG, and Eaton Corporation PLC. Despite challenges like high operational and maintenance costs, the development of smart grids presents substantial opportunities for market expansion. Countries like Saudi Arabia, Ghana, Nigeria, and the United Arab Emirates are at the forefront of this growth, with substantial investments in power distribution networks and smart grid technologies.

In the United Arab Emirates, the government's proactive response to rising power demand has led to the establishment of advanced power distribution networks and smart grids, contributing to the region's low-voltage switchgear market growth. Similarly, Saudi Arabia is undertaking extensive power transmission and distribution projects to meet its increasing power needs, with significant contracts awarded for network expansion and substation development. Collaborative efforts with countries like China, India, and European nations are also aiding African countries in modernizing their transmission and distribution projects. These developments underscore the region's commitment to enhancing power infrastructure, thereby propelling the low-voltage switchgear market forward.

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Middle-East And Africa Low Voltage Switchgear Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Growing Infrastructure Projects in the Region

      2. 1.5.2 Restraints

        1. 1.5.2.1 High Operations and Maintenance Costs

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Substation

      2. 2.1.2 Distribution

      3. 2.1.3 Utility

    2. 2.2 Installation

      1. 2.2.1 Outdoor

      2. 2.2.2 Indoor

    3. 2.3 Voltage Rating

      1. 2.3.1 Less Than 250 V

      2. 2.3.2 250 V - 750 V

      3. 2.3.3 750 V - 1000 V

    4. 2.4 Geography

      1. 2.4.1 Saudi Arabia

      2. 2.4.2 United Arab Emirates

      3. 2.4.3 Nigeria

      4. 2.4.4 South Africa

      5. 2.4.5 Rest of Middle-East and Africa

Middle-East And Africa Low Voltage Switchgear Market Size FAQs

The Middle-East And Africa Low Voltage Switchgear Market size is expected to reach USD 2.19 billion in 2024 and grow at a CAGR of 5% to reach USD 3.70 billion by 2029.

In 2024, the Middle-East And Africa Low Voltage Switchgear Market size is expected to reach USD 2.19 billion.

Middle-East And Africa Low Voltage Switchgear Market Report Snapshots

Middle-East and Africa Low Voltage Switchgear Market Size & Share Analysis - Growth Trends & Forecast (2024 - 2029)