Middle East switchgear market is anticipated
to grow at a steady pace during the forecast period
of 2024-2028. The surge in the demand for energy across
several end-use industries has led to an increased focus on renewable energy
solutions that have allowed the acceptance of smart switchgear in the region.
Additionally, innovations in smart grid technologies and a growing focus on environmental
protection have further boosted the demand for switchgear in the Middle East.
The main use of these switchgear devices
is to reduce electric failures and lessen the consequences of faulty currents
that pass through the circuits. The region is anticipated to experience an
increase in demand for electricity as a result of several international
projects & events. For instance, the FIFA (International Federation of
Association Football (FIFA) World Cup in Dubai is gaining significant traction.
These developments and ongoing and upcoming events are factors propelling the
market during the forecast period.
Switchgear is a centralized collection
of circuit breakers, fuses, and switches that function to protect, control, and
isolate electrical equipment. Switchgears are circuit protection devices,
mounted in metal constructions, which distribute power to different sections of
a resource and the electrical loads within those units. A collection of one or
more of these structures is known as a line-up or assembled switchgear.
Switches are attached directly to the supply system by putting in the low &
high-voltage planes of the power transformer. Disconnect the device from power,
eliminate the fault, test, and serve. These devices are important in the
electrical system to protect the equipment against high currents.
Manual control provision, completely
certain discrimination, and entire reliability are some main features of
switchgear. The main purpose of switchgear is to safeguard or secure, from the short-circuit,
surplus fault currents while defending service to unaffected circuits and to
enhance system availability by providing various sources to support a high
electricity load. Switches can function in both normal and abnormal conditions,
can operate for proper electrical energy utilization, and can be installed in
residential, commercial, and industrial locations.
Rising Demand for Safe & Secure Control
Distribution Systems
During the forecast period, new
high-voltage long-distance transmission systems are predicted to increase
market expansion. The durability & performance of the switchgear is largely
influenced by the type of raw material used in the manufacturing process. Raw
resources are approachable from a variety of sources in enough quantity to
satisfy the demands of various businesses. Numerous enterprises are taking up switchgear
as a cost-effective solution.
Moreover, the high reliability and
efficiency of switchgear, its modular structure with reduced maintenance needs,
performance enhancement through technological advancements; government
assistance in the form of installation cost subsidies and tax exemptions, and
increased penetration of smart switchgear and hybrid switchgear in smart cities
of developing economies are driving the market.
Emergence of Digitalization and
Digitalized Switchgears
The rapid growth of the substation and
switchgear market is expected in the coming years, due to digitization, and
several technical solutions have been created that have significantly improved
station operation, reduced costs, and made projects more profitable. Digital
switches and substations are one such solution that offers multiple benefits to
utilities. They are equipped with advanced software solutions that protect
systems against potential cyber threats and, thus, enhance system security.
In addition, all auxiliary devices of
the digital search engine are automated, which makes it possible to implement
future technical solutions more quickly. Also, utilities can monitor substation
data in real-time and remotely control certain switch functions, this provides
operational and financial benefits. Machine controllers can remotely use
switchgear equipment which can help to improve the safety and security of the
control system.
Apart from this, real-time data
monitoring also reduces downtime and increases system reliability. Digital
substations and switches have backward compatibility, which enables seamless
integration of new communication technology with existing system enablers,
enabling mass adoption of digital switches. Due to this, the switchgear market
in the Middle East is estimated to grow during the forecast period.
Rising Adoption of Smart Switchgears
The rising demand for smart Internet of Things
(IoT) ready switch solutions is one of the main drivers for the growth of the Middle
East switchgear market. Due to the continuous development of infrastructure and
production facilities, companies are more concerned about adapting smart power
distribution products, such as smart switches. An intelligent switch enables
real-time monitoring, proactive diagnosis, and precise protection against
electrical faults. In addition, many companies enable seamless interaction of
devices with building management systems, expand monitoring, and other
enterprise-level support systems to regulate electric current and achieve
energy savings.
With huge efforts to integrate renewable
energy into the grid, the smart switch will act as a catalyst to meet the
requirements of high energy efficiency and energy distribution. These smart
switches offer cloud connectivity, predictive diagnostics, flexibility, and
continuity of service. In addition, the deployment of a smart switch increases
availability, making modern utilities more competitive and limiting
intervention costs through improved load cycle scheduling and improved
reliability. Therefore, the increasing number of smart Internet of Things (IoT)
ready switching devices has led to the growth of the Middle East Switchgear Market.
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Increasing Infrastructural Development
The Middle East is also investing
heavily in infrastructure development. New highways, railways, airports, and
other infrastructure projects are being built in the region. These investments
will increase the demand for switchgear used in these projects to distribute
and control electricity. For instance,
Abu Dhabi-based property dealer Bloom Holding has opened a gated community in
the capital to meet the growing demand for property in the emirate. Bloom
Living has more than 4,000 Spanish-style villas, townhouses, and apartments
around a large lake. According to the Andalusian city, the first phase of the
development, called Cordoba in the UAE capital, is expected to be completed by
October 2023. Abu Dhabi International Airport and Zayed City, also known as
Khalifa City C. Owing to this investment, the demand for switchgear would
increase hence the Middle East switchgear market is projected to grow during the
forecast period.
Recent
Developments
· On
24 May 2023, Eaton Corporation, the intelligent power management company,
stated that it will now manufacture the latest power and electrical solutions
in the Middle East region in collaboration with regional partners. The
initiative aims to improve Eaton's position as a manufacturer of low-voltage
switchgear and distribution centers for customers in the Middle East locations,
with emerging end users, engineering, procurement, construction companies, and
commercial contractors.
· Eaton
has completed its first localized xEnergy and Distribution Board arrangements
in the United Arab Emirates, Kingdom of Saudi Arabia, and Egypt. With factories
centrally strengthening local projects, Eaton can now help customers
significantly by reducing project lead times and by increasing service customer
flexibility.
· March
2023: Hitachi Energy and the Gulf Cooperation Council Communities Authority
(GCCIA) announced the contract of an agreement to upgrade the Al-Fadhil High
Voltage Direct Current (HVDC) substation under the Gulf Cooperation Council
Interconnection Authority (GCCIA) in Saudi Arabia. Hitachi Energy's HVDC
solution involves world-leading expertise in HVDC converter valves and high-voltage
switchgear.
· November
2022: Hitachi Energy and Schneider Electric merge forces to accelerate the
energy transition. This collaboration aimed to step up the deployment of
sustainable and intelligent energy management solutions and complementary
medium & high voltage technology portfolios to create greater value for
customers.
· The
contracts signed between Riyadh and Cairo have a capacity of 3,000 megawatts
using 500 kV HVDC technology. They involve the construction of three
high-voltage substations, East Madinah Station, Tabuk Station in the Kingdom,
and Badr Station in East Cairo, connected by about 1,350 kilometers of overhead
and submarine cables in the Persian Gulf. Aqaba with a length of 22 km. During
the predicted period, these variables will simultaneously support the expansion
of the Middle East Switchgear Market.
Market
Segmentation
The
Middle
East switchgear market is classified based on insulation, installation,
voltage, current, end user, and country. Based on insulation, the market is
bifurcated into air-insulated switchgear, gas-insulated switchgear, and others.
Based on installation, the market is segmented into indoor and outdoor. Based
on voltage, the market is categorized into low (up to 1 kV), medium (between
1.1 kV and 40 kV), and high (above 40 kV). Based on current, the market is
segmented into alternating current (AC) and direct current (DC). Based on end user,
the market is bifurcated into commercial, residential, transmission &
distribution utilities, industrial, and others. Based on country, the market is segmented into Saudi
Arabia, UAE, Qatar, Kuwait, Bahrain, Israel, Iran, Iraq, and the Rest of the Middle
East.
Market Players
Key
players in the Middle East switchgear market are ABB Ltd, Alstom SA, Areva
Inc, Crompton Greaves, General Electric Company, Hitachi Energy Ltd, Larsen
& Toubro Limited, Eaton Corporation, Legrand, and Mitsubishi Electric
Corporation.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic Data
|
2018 –
2022
|
|
Estimated
Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative
Units
|
Revenue
in USD Million, and CAGR for 2018-2022 and 2024-2028.
|
|
Report Coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments
Covered
|
Insulation
Installation
Voltage
Current
End
User
|
|
Regional Scope
|
Saudi
Arabia, UAE, Qatar, Kuwait, Bahrain, Israel, Iran, Iraq, and the Rest of the Middle
East
|
|
Key
Companies Profiled
|
ABB
Ltd, Alstom SA, Areva Inc, Crompton Greaves, General Electric Company,
Hitachi Energy Ltd, Larsen & Toubro Limited, Eaton Corporation, Legrand, and
Mitsubishi Electric Corporation
|
|
Customization Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report
Scope:
In this
report, the Middle East switchgear market has been segmented into the following
categories, in addition to the industry trends, which have also been detailed
below:
- Middle East Switchgear Market, By
Insulation:
o Air Insulated
o Gas Insulated
o Others
- Middle East Switchgear Market, By
Installation:
o Indoor
o Outdoor
- Middle East Switchgear Market, By
Voltage:
o Low (up to 1 kV)
o Medium (between 1.1 kV and 40 kV)
o High (above 40 kV)
- Middle East Switchgear Market, By
Current:
o Alternating current (AC)
o Direct Current (DC)
- Middle East Switchgear Market, By
End User:
o Commercial
o Residential
o Transmission & Distribution Utilities
o Industrial
o Others
- Middle East Switchgear Market, by Region:
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Israel
- Iran
- Iraq
- Rest of Middle East
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present in the Middle East Switchgear Market.
Available
Customizations:
With
the given market data on the Middle East switchgear market, TechSci Research
offers customizations according to a company's specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Middle
East Switchgear Market is an upcoming report to be released soon. If you wish
an early delivery of this report or want to confirm the date of release, please
contact us at [email protected]