Egypt Switchgear Market (2024-2030) | Outlook, Revenue, Size, Share, Growth, Forecast, Companies, Industry, Trends, Analysis & Value

Topics Covered in the Egypt Switchgear Market

Egypt Switchgear Market report thoroughly covers the market by voltage, by insulation, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Switchgear Market Synopsis

Egypt Switchgear Market has witnessed growth in recent years owing to the surge in investment in infrastructure development projects. Switchgear, which is used to control, protect, and isolate electrical equipment, is in high demand as the country seeks to expand its power generation and distribution network. 

According to 6Wresearch, the Egypt Switchgear Market size is anticipated to grow at a CAGR of 7.3% during the forecast period of 2024-2030. One of the main drivers of the switchgear market in Egypt is the government's plan to increase the country's electricity capacity by 50% by 2020. This has resulted in the expansion of power transmission and distribution networks across the country, which in turn has increased demand for switchgear. Additionally, the rise of renewable energy projects, such as solar and wind energy, has created new opportunities for switchgear manufacturers. Moreover, one of the latest trends in the switchgear market in Egypt is the use of digital technologies and smart solutions.

Companies are investing heavily in research and development to develop smart solutions that enable remote monitoring and predictive maintenance of switchgear, resulting in better efficiency and reduced downtime. Another trend is the preference for eco-friendly switchgear that uses less energy and reduces carbon emissions. Despite the growth prospects, the Egypt switchgear industry faces several challenges. One of the main challenges is the lack of skilled workers and qualified engineers to install and maintain switchgear. Additionally, the country's political instability and economic uncertainties have led to delays in infrastructure projects, affecting the demand for switchgear. The switchgear market in Egypt presents several opportunities for manufacturers and suppliers. The market is highly fragmented, creating opportunities for new players to enter the market and capture market share. Additionally, the government's efforts to diversify the economy and increase investment in infrastructure projects, such as the New Administrative Capital City project and the Suez Canal corridor development project, will create additional demand for switchgear.

Government policies and schemes introduced in the Egypt Switchgear Market

The government has adopted several policies and launched initiatives to promote the use of renewable energy sources such as wind, solar, and hydroelectric power. One of the significant policies introduced is the Feed-in Tariff (FiT) program, which aims to increase the share of renewable energy sources in the country's energy mix. Under this program, the government offers incentives to investors who invest in renewable energy projects and guarantees purchasing their energy production at pre-determined rates for a specific period. Another scheme launched by the Egyptian government to increase the share of renewable energy sources in the country's energy mix is the Net Metering program. This program allows domestic and commercial consumers to sell excess energy generated by their solar panels or wind turbines back to the grid. 

Leading Players in the Egypt Switchgear Market

The Egypt switchgear market growth is dominated by some of the leading players such as Schneider Electric, ABB, Siemens, and General Electric. These companies have a significant presence in the market and offer a wide range of switchgear, including low-voltage switchgear, medium-voltage switchgear, and high-voltage switchgear. Schneider Electric is one of the leading players in the market, due to its extensive product portfolio and focus on research and development.

Market Analysis by Voltage

According to Kapil, Senior Research Analyst, 6Wresearch, Low voltage switchgear, rated below 1000 volts, dominates the market in terms of volume. They find significant applications in residential, commercial, and industrial sectors, mainly for electrical control and protection. 

Market Analysis by Applications

In terms of Applications, the residential sector is the largest segment of the market and forecast to lead the Egypt Switchgear Market Share, accounting for over 50% of the total market share. The growing population and increasing urbanization have led to an increase in the construction of new residential buildings, leading to a high demand for switchgear equipment. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of The Report

• Egypt Switchgear Market Overview
• Egypt Switchgear Market Outlook
• Egypt Switchgear Market Forecast
• Historical Data of Egypt Switchgear Market Revenues & Volume for the Period 2020-2030
• Egypt Switchgear Market Size and Egypt Switchgear Market Forecast of Revenues & Volume, Until 2030
• Historical Data of Egypt Switchgear Market Revenues & Volume, By Voltage, for the Period 2020-2030
• Market Size & Forecast of Egypt Switchgear Market Revenues & Volume, By Voltage, Until 2030
• Historical Data of Egypt Switchgear Market Revenues & Volume, By Insulation, for the Period 2020-2030
• Market Size & Forecast of Egypt Switchgear Market Revenues & Volume, By Insulation, Until 2030
• Historical Data of Egypt Switchgear Market Revenues & Volume, By Applications, for the Period 2020-2030
• Market Size & Forecast of Egypt Switchgear Market Revenues & Volume, By Applications, Until 2030
• Market Drivers and Restraints
• Egypt Switchgear Market Price Trends
• Egypt Switchgear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Egypt Switchgear Market Share, By Players
• Egypt Switchgear Market Share, By Regions
• Egypt Switchgear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Voltage

• Low Voltage Switchgear
• Medium Voltage Switchgear
• High Voltage Switchgear

By Insulation

Medium Voltage Switchgear

• Air Insulated
• Gas Insulated

High Voltage Switchgear

• Air Insulated
• Gas Insulated

Low Voltage Switchgear

• MCB
• MCCB
• C&R
• ACB
• COS
• Others

By Applications

• Residential
• Commercial
• Industrial
• Power Utilities