Gcc Switchgear Market Forecast and Opportunities: Jsbmarketresearch

GCC Switchgear Market by Type, By End User, Competition Forecast and Opportunities, 2011 – 2021

Released on 29th April 2016

Per capita electricity consumption in GCC countries stands at around 10.29 megawatt hour, which is about three times the global average. Major reasons behind high per capita consumption of electricity include high dependence on electric appliances, especially air conditioners, due to hot climatic conditions; and increasing water desalination owing to lack of naturally available potable water in GCC countries. Desalination of sea water, which is an energy intensive process, has become imperative in GCC nations to address the growing water requirement of the regions expanding population. Growing demand for electricity is leading to development and expansion of power infrastructure, which requires installation of switchgears in the electricity network. Moreover, GCC nations are increasing their focus on developing refinery and petrochemical processing infrastructure, which would require strengthening electrical infrastructure as well, including building new power plants and transmission & distribution networks. These factors are expected to significantly augment demand for switchgears in the region over the next five years.

According to GCC Switchgear Market By Type, By End User, Competition Forecast and Opportunities, 2011 2021, the switchgear market in GCC is projected to grow at a CAGR of over 6% during 2016 - 2021. On the basis of product type, the market has been segmented into three categories, low voltage (up to 1 kV); medium voltage (1.1 kV to 40 kV); & high voltage (above 40 kV). Among these categories, low voltage (up to 1 kV) segment dominated the overall GCC switchgear market in 2015. The segment is anticipated to maintain its dominance over the next five years as low voltage switchgears are cheaper as compared to medium and high voltage switchgears and majority of the consumers are residential users. Few of the leading...