Market Size of Middle East and Africa High Voltage Switchgear Industry
| 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.
