Middle East And Africa High Voltage Switchgear Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East And Africa High Voltage Switchgear Market Analysis
The Middle East And Africa high voltage switchgear market is expected to register a CAGR of more than 6% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently the market now reached pre-pandemic levels.
- Over the medium term, increasing electricity generation and consumption, network expansions to accommodate the infrastructure development projects, and integration of renewables into the grid are expected to drive the Middle East and Africa high-voltage switchgear market during the forecast period.
- On the other hand, stringent environmental and safety regulations related to the Middle East and Africa high-voltage switchgear market are restraining factors.
- Nevertheless, expanding power transmission and distribution (T&D) infrastructure to achieve high electricity access rates in the Middle East and Africa region is expected to create significant opportunities for high-voltage switchgear manufacturers.
- Saudi Arabia dominates the high-voltage switchgear market, with the major demand for high-voltage switchgear coming from the rising investment in alternative energy sources.
Middle East And Africa High Voltage Switchgear Market Trends
Gas-Insulated Switchgear to Witness a Significant Growth
- Gas-insulated high voltage switchgear (GIS) is closed-packed metal-enclosed switchgear. It comprises high-voltage components, such as circuit breakers and disconnectors. GIS offers numerous advantages, including less field construction work, flexible designs, minimal maintenance, and good reliability and safety.
- In March 2022, GE Renewable Energy's Grid Solutions unveiled the world's first 420 kV, 63 kA g3 gas-insulated substation (GIS) circuit-breaker1 prototype. The g3 circuit breaker was presented to a group of leading transmission utilities.
- GIS is a metal-enclosed switchgear, and it occupies much less space. Gas-tight metal enclosures enclose all the equipment. SF6 is used as insulation between the earthed metal enclosures and live parts of the equipment. GIS can be used in city buildings, roofs and offshore platforms, and industrial and hydropower plants where spaces are limited.
- In 2021, the volume of electricity output in the Middle East was approximately 1305.6 TWh. The region's total electricity output volume in the previous year was about 1243.0 TWh. The increasing power generation is expected to drive the demand for high-voltage switchgear in the region.
- The demand for HVDC transmission systems is expected to supplement further the integration of large-scale renewables located far away from the demand centers in the Middle East and Africa power grid.
- Therefore, with increasing urbanization and industrialization across developing economies, the demand for gas-insulated switchgear is expected to grow significantly during the forecast period.
Saudi Arabia to Dominate the Market
- Rapid industrialization and urbanization led to an increase in electricity demand. It, in turn, fueled the need to expand T&D infrastructure across the region, thereby driving the high-voltage switchgear market.
- As per the BP statistics, Saudi Arabia's electricity generation in 2021 stood at 356.5 TWh and is expected to increase further during the forecast period. As a result, there is a need for the expansion of the existing power transmission network, which is expected to drive the demand for high-voltage switchgear in the country.
- Under the Saudi Arabia Vision 2030, the Kingdom seeks to reach 27.3 GW of renewable power capacity by 2023. It includes 20 GW of solar photovoltaic (PV) and 7 GW of wind power and aims at 58.7 GW by 2030, with solar accounting for 40 GW at the end of the decade. It, in turn, will increase the utilization of high-voltage switchgear for transmission and distribution purposes.
- Therefore, owing to the above points, the increasing renewable energy installations and investments in the country are expected to drive the Saudi Arabian high-voltage switchgear market during the forecast period.
Middle East And Africa High Voltage Switchgear Industry Overview
The Middle East and Africa high-voltage switchgear markets are moderately fragmented. Some of the major players in the market (in no particular order) include Hitachi Energy Ltd., Schneider Electric SE, General Electric Company, Toshiba Corporation, and Mitsubishi Electric Corporation.
Middle East And Africa High Voltage Switchgear Market Leaders
General Electric Company
Siemens AG
Mitsubishi Electric Corporation
Hitachi Energy Ltd.
Toshiba Corporation
*Disclaimer: Major Players sorted in no particular order
Middle East And Africa High Voltage Switchgear Market News
- March 2023: Hitachi Energy and Gulf Cooperation Council Interconnection Authority (GCCIA) announced signing a contract to upgrade the Al-Fadhili high-voltage direct current (HVDC) converter station under the GCCIA authority in Saudi Arabia. Hitachi Energy's HVDC solution incorporates world-leading expertise in HVDC converter valves, high-voltage switchgear, system studies, design and engineering, supply, installation supervision, and commissioning.
- November 2022: Hitachi Energy and Schneider Electric collaborated to speed the energy transition. This collaboration aimed to accelerate the deployment of sustainable and smart energy management solutions and complementary portfolios in medium and high-voltage technologies to provide greater customer value.
Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Gas-insulated
5.1.2 Air-insulated
5.1.3 Other Types
5.2 End User
5.2.1 Commercial & Residential
5.2.2 Industrial & Utilities
5.3 Geography
5.3.1 Saudi Arabia
5.3.2 Iran
5.3.3 South Africa
5.3.4 United Arab Emirates
5.3.5 Rest of the Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Hitachi Energy Ltd.
6.3.2 Schneider Electric SE
6.3.3 General Electric Company
6.3.4 Toshiba International Corporation
6.3.5 Mitsubishi Electric Corporation
6.3.6 Siemens AG
6.3.7 Larson & Turbo Limited
6.3.8 Bharat Heavy Electricals Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Middle East And Africa High Voltage Switchgear Industry Segmentation
High-voltage switchgear is vital to electrical grids or high-tension power distribution networks. It enables the safe, efficient, and reliable transfer of electrical energy by providing a means to safely disconnect and isolate electrical equipment from the power supply. Here is more about this type of switchgear.
The Middle East and Africa high voltage switchgear market is segmented based on type, end-user, and geography. The market type is segmented as Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS). The market is segmented by end-user as Commercial & Residential, and Industrial & Utilities. The report also covers the market size and forecasts across major regional countries. Each segment's market size and forecast are based on revenue (USD billion).
| Type | |
| Gas-insulated | |
| Air-insulated | |
| Other Types |
| End User | |
| Commercial & Residential | |
| Industrial & Utilities |
| Geography | |
| Saudi Arabia | |
| Iran | |
| South Africa | |
| United Arab Emirates | |
| Rest of the Middle East and Africa |
Frequently Asked Questions
What is the current Middle East and Africa High Voltage Switchgear Market size?
The Middle East and Africa High Voltage Switchgear Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa High Voltage Switchgear Market?
General Electric Company, Siemens AG, Mitsubishi Electric Corporation, Hitachi Energy Ltd. and Toshiba Corporation are the major companies operating in the Middle East and Africa High Voltage Switchgear Market.
What years does this Middle East and Africa High Voltage Switchgear Market cover?
The report covers the Middle East and Africa High Voltage Switchgear Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Middle East and Africa High Voltage Switchgear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East and Africa High Voltage Switchgear Industry Report
Statistics for the 2024 Middle East And Africa High Voltage Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East And Africa High Voltage Switchgear analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
