Middle East Switchgear Market By Insulation (Air Insulated, Gas Insulated, and Others), By Installation (Indoor, Outdoor), By Voltage, (low (up to 1 kV), medium (between 1.1 kV and 40 kV), and high (above 40 kV)), By Current (Alternating current (AC), Direct Current (DC)), By End User (Commercial, Residential, Transmission & Distribution Utilities, Industrial, and Others), By Country, Competition,
Published on: 2024-12-04 | No of Pages : 320 | Industry : Power
Publisher : MIR | Format : PDF&Excel
Middle East Switchgear Market By Insulation (Air Insulated, Gas Insulated, and Others), By Installation (Indoor, Outdoor), By Voltage, (low (up to 1 kV), medium (between 1.1 kV and 40 kV), and high (above 40 kV)), By Current (Alternating current (AC), Direct Current (DC)), By End User (Commercial, Residential, Transmission & Distribution Utilities, Industrial, and Others), By Country, Competition,
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.
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.
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
Recent Developments
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Market Segmentation
The
Market Players
Key players in the Middle East switchgear market
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) |