Market Size of Middle-East And Africa Low Voltage Switchgear Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.19 Billion |
| Market Size (2029) | USD 3.70 Billion |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Middle-East And Africa Low Voltage Switchgear Market Analysis
The Middle-East And Africa Low Voltage Switchgear Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 3.70 billion by 2029, growing at a CAGR of 5% during the forecast period (2024-2029).
- Over the short term, the Middle-East and Africa Low Voltage Switchgear Market is anticipated to grow substantially due to the growing infrastructure projects in the region resulting in high demand for power distribution and the growing power demand from commercial and industrial sectors.
- On the other hand, high operations and maintenance costs are expected to hinder the market growth.
- Nevertheless, the developments associated with the smart grids in the region create ample opportunities for the low-voltage switchgear market.
