UAE Switchgear Market Overview:
The UAE switchgear market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Switchgear is an essential part of an electric power system that protects, isolates, and controls power systems. It includes switches, circuit breakers, fuses, isolators, current transformers, lightning arresters, and indicating devices that protect electrical hardware from faulty conditions. It is used to de-energize equipment and clear faults downstream. Automated protective switchgear includes a relay and a circuit breaker, which acts whenever there is a fault by closing the faulty circuit and disconnecting the disrupted line. This further ensures that the appliances are not damaged while providing an unremitting power supply. Currently, three different classes of switchgear systems are available in the market, including medium-, low-, and high-voltage. Switchgear also enhances system availability by permitting more than one source to feed a load, which is why it is witnessing a significant growth in demand across the commercial, residential, and industrial sectors across the UAE.
The rapid infrastructure development has surged the need to minimize electric failures and power blackouts in the UAE, which is one of the primary factors providing a considerable boost to the market growth. The increasing environmental awareness has further prompted a gradual shift toward renewable power grid systems, which, in turn, is bolstering the market growth. In line with this, the establishment of new business hubs and hotels and increasing construction activities in the country are acting as another growth-inducing factor. Moreover, the surging rate of energy consumption due to the burgeoning population is positively contributing to the market growth. Additionally, governments in the UAE are actively working to increase the non-oil share by investing in real estate, hospitality, retail, and manufacturing areas, which is creating a positive outlook for the market. Besides this, the rapid industrialization and increasing awareness regarding the benefits offered by switchgear, such as effective separation, swift operation, and provision for manual control, are accelerating the market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the UAE switchgear market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry.
The report analyses the competitive structure of the UAE switchgear market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the UAE switchgear market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the UAE switchgear market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the UAE switchgear market industry. Furthermore, the value chain analysis of the UAE switchgear market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
UAE Switchgear Market Segment Insights:
The UAE switchgear market has been analysed as followed:
By Voltage Type:
By End Use:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the UAE Switchgear Market Report:
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