UAE Switchgear Market to Reach US$ 2.4 Billion by 2032, Stimulated by Increasing Powder Consumption

July 26, 2023 | Electronics and Semiconductors

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According to the latest report by IMARC Group, titled “UAE Switchgear Market Report by Voltage Type (Low-Voltage, Medium-Voltage, High-Voltage), Insulation (Gas Insulated Switchgear (GIS), Air Insulated Switchgear (AIS), and Others), Installation (Indoor, Outdoor), End Use (Commercial, Residential, Industrial), and Emirates 2024-2032,” the UAE switchgear market size reached US$ 1.6 Billion in 2023. Switchgear encompasses a variety of devices used in electrical power systems for protection, regulation, and control. It includes circuit breakers, fuses, switches, relays, and control panels. It exhibits insulating properties to withstand high voltages without breakdown. It helps safeguard the system from overloads, short circuits, and other electrical faults, enabling safe and reliable power distribution. It aids in providing safety to electrical systems by preventing damage from electrical faults, power surges, and overloads. It enhances the reliability of electrical power systems by facilitating uninterrupted power supply and preventing unscheduled downtimes. Besides this, it helps identify potential issues early, allows preventive maintenance and avoids catastrophic failures. Moreover, it is used to control electric power in industrial plants and factories and enhance safety and reliability in the UAE.

UAE Switchgear Market Trends:

The economic growth and other related demographics of the UAE are resulting in the increasing power consumption. This represents one of the key factors positively influencing the market in the country. Additionally, a considerable reliance on the oil and gas industry is escalating the need for efficient and safe power distribution systems, which, in turn, is catalyzing the demand for switchgear. Apart from this, the growing focus on renewable energy projects, particularly solar power plants, is driving the need for high-quality switchgear for efficient power control and protection. Furthermore, the rising need to modernize and replace aging electrical infrastructure with new, efficient, and reliable systems is driving the demand for new switchgear in the country. Moreover, the growing awareness about electrical safety in commercial and industrial settings is leading to the implementation of switchgear to prevent electrical accidents and ensure system reliability. Besides this, the advent of technologically advanced switchgear, like gas-insulated switchgear and digital switchgear, provides better operational efficiency, which is stimulating market growth in the UAE. Looking forward, the market value is projected to reach US$ 2.4 Billion by 2032, expanding at a CAGR of 4.52% during 2024-2032.

Market Summary:

On the basis of the voltage type, the market has been segmented into low-voltage, medium-voltage, and high-voltage. High-voltage represented the largest segment.
Based on the insulation, the market has been divided into gas insulated switchgear (GIS), air insulated switchgear (AIS), and others. Air insulated switchgear (AIS) currently accounts for the majority of the market.
On the basis of the installation, the market has been bifurcated into indoor and outdoor.
Based on the end use, the market is segmented into commercial, residential, and industrial. Industrial accounts for the majority of the market share.
Region-wise, the market has been segmented into Abu Dhabi, Dubai, Sharjah, and Others. Amongst these, Abu Dhabi enjoys the leading position in the market.
The competitive landscape of the market has also been examined, along with the list of key players operating in the industry.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Voltage Type, Insulation, Installation, End Use, Emirates
Emirates Covered	Abu Dhabi, Dubai, Sharjah, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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UAE Switchgear Market to Reach US$ 2.4 Billion by 2032, Stimulated by Increasing Powder Consumption

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