Qatar Switchgear Market to be driven by increase in demand of power consumption by 2028
Qatar switchgear market is anticipated to expand
between 2024 and 2028 because of increased expenditures in the energy sector
and high demand from sectors that use a lot of energy.
According to
TechSci Research report, “Qatar Switchgear Market - By Region,
Competition Forecast & Opportunities, 2018-2028”, the Qatar Switchgear Market
is expected to register robust growth during the forecast period 2024-2028. The
market is anticipated to expand because of elements including the incorporation
of digital solutions and smart monitoring and control devices, as well as increasing
investment in technological advancements for sustainable power generation. As
people become more conscious of alternative energy sources and need more energy
to keep up with the world's fast urbanization, these factors are predicted to
have a favorable influence on the switchgear market's growth in the years to
come. Switchgear equipment is frequently utilized in intricate industries and
electrical substations to ensure voltage stability and manage fluctuating
operating voltages.
The power infrastructure's
ageing is one of the key factors driving the switchgear industry. In Qatar,
outdated infrastructure, a lack of investment, and a lack of clearly defined
grid modernization strategies are the main contributors to the increased number
of blackouts. To reduce power outages and replace ageing power networks, new
regulations throughout the country are creating a market for the whole value
chain of equipment used in the power industry. Switchgear, by providing
real-time data that includes improvement measures, serves as a valuable tool
that enables the maintenance team to detect potential equipment failures and
alerts them when outdated and frequently used equipment is at risk of breaking
down. This enables them to make better judgements.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Qatar Switchgear Market”
The epidemic had a
significant impact on the Qatar switchgears market. Following lockdowns and
disruptions in production, supply chain bottlenecks occurred, stopping building
projects and thereby reducing demand for switch gears in the Middle Eastern
area. However, the market experienced an increase because of quick vaccination
efforts, and the price of the equipment has risen because of its sophisticated
functionality and IoT-based control system. Because of high capital investment
and severe environmental considerations, the Qatar switchgears market may
suffer modest expansion in the coming years.
Qatar Switchgear Market is divided into insulation, voltage,
installation, and end user.
Based on insulation, the market is divided into gas, air, oil, vacuum. Based
on insulation, the gas sector will dominate this market. The expansion is due
to the increased installation of variable voltage substations across the world.
Because of its potential to reduce carbon emissions, the vacuum category is
expected to occupy a higher part of the market in the forecast period.
Based on Voltage, the market divided into low, medium, and high voltage.
Based on installation, the market is divided into indoor and outdoor. Based
on end users, the market is divided into utilities, commercial &
residential, industrial, and others. The utilities are going to
dominate this market as demand of switchgear in the utility sector is going to
increase in the forecasting period.
The market analysis also studies the regional segmentation to devise
regional market segmentation, divided among Al Dawhah (Doha), Al Rayyan, Al
Khor, Al Wakrah, Al Daayen, Umm Salal, and Al
Shamal
Key market
players in the Qatar Switchgear Market include:
- Siemens
WL
- ABB Ltd
- Schneider Electric FZE (Middle East)
- Eaton FZE
- Zamzama Property Group
- Al Farraj Trading and Contracting Co
- Al-Bidda Group
- Q-Tec Switchgear W.L.L
- Lucy Switchgear FZE
- Elimsan Switchgear Equipment &
Electromechanical Industry and Trade Inc.
The energy business segment of ABB, a
prominent technology company, is dedicated to delivering high-quality products
and services to its customers, which include comprehensive solutions for
installation, maintenance, and optimization of energy systems. ABB is renowned
for its steadfast commitment to energizing the transformation of society and
industry to attain a productive, sustainable future. With a primary focus on
sectors such as infrastructure, financing, mobility, and energy, ABB offers
end-to-end solutions to various industries, enabling them to improve
efficiency, productivity, and sustainability. The energy business of ABB caters
to a diverse range of customers, including power utilities, industrial users,
and commercial customers. Through its energy business, ABB provides various
products and services, including grid automation solutions, energy storage
systems, electrical distribution solutions, and other related offerings,
designed to help customers meet their energy requirements efficiently and
sustainably. The company's expertise and technological innovations make it a
trusted partner for businesses that seek to optimize their energy usage, reduce
costs, and minimize environmental impact.
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“The market for switchgear in Qatar is expected to expand
over the projection period. Qatar offers a respectable switchgear market
platform. As part of the Qatar National Vision 2030, the government of Qatar is
investing in the building of airports, metros, etc. and is making substantial
progress in power transmission, which is projected to stimulate demand for
switchgears in Qatar in the upcoming years. Additionally, Qatar Petroleum and
Qatar Electricity and Water Company (QEWC) is developing the Siraj Energy solar
project, which is further anticipated to have a positive impact on the Qatar Switchgear
Market during the forecast period. In addition, there is a significant focus on
the development of renewable energy sources in Qatar.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
Qatar Switchgear Market by Insulation (Gas, Air, Oil, Vacuum),
By Voltage (Low Voltage, Medium Voltage, High Voltage), By Installation (Indoor,
Outdoor), By End Users (Utilities, Commercial & Residential, Industrial),
By Region, Competition Forecast & Opportunities, 2028 has assessed the Qatar Switchgear
market's future development potential and provides data and information on
market size, structure, and projected market growth. The report's goal is to
give current market knowledge and assist decision makers in making informed
investment decisions. Furthermore, the study identifies and analyses emerging
trends, as well as key drivers, constraints, and opportunities in the Qatar Switchgear
market.
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