Ghana Switchgear Market (2025-2031) | Analysis, Size, Growth, Industry, Value, Revenue, Share, Trends, Companies, Outlook & Forecast

Market Forecast 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) And Competitive Landscape

Product Code: ETC001685 Publication Date: Dec 2023 Updated Date: Dec 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Ghana Switchgear Market Competition 2023

Ghana Switchgear market currently, in 2023, has witnessed an HHI of 992, Which has increased slightly as compared to the HHI of 795 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Ghana Switchgear Market Competition 2023

Topics Covered in the Ghana Switchgear Market

Ghana 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.

Ghana Switchgear Market Synopsis

Ghana Switchgear Market is anticipated to grow rapidly in the coming years, due to the increasing demand for electricity in the country and the government's push to achieve sustainable development by deploying more renewable energy sources. In general, switchgear refers to a combination of electrical devices that perform the task of switching, protecting, and controlling the electrical circuits and equipment.

According to 6Wresearch, the Ghana Switchgear Market size is expected to grow at a CAGR of 8.5% during the forecast period of 2025-2031. The government is currently working towards the goal of universal access to electricity, and this has been a significant driver for the Ghana switchgear market growth. Additionally, industrialization and urbanization have also fueled the demand for electricity, leading to an increased need for switchgear products. Ghana has also been investing heavily in renewable energy, which has been driving the demand for climate-friendly switchgear products. The Ghana switchgear market has witnessed trends in the switchgear product development, with manufacturers focusing on more climate-friendly products. Additionally, there has been a shift towards high-voltage products with smart technology, which allows for remote operation and monitoring. With the increase in renewable energy projects, there has been a trend in the adoption of green switchgear products. The Ghana switchgear market has been facing challenges such as lack of skilled workforce and limited investment in research and development. Due to these challenges, the market has been heavily reliant on imported products, leading to increased costs for consumers. Nevertheless, the Ghana switchgear industry offers significant growth opportunities in the renewable energy sector, with an increasing number of renewable energy projects being planned and developed in the country. Additionally, with country’s goal of universal access to electricity, there are opportunities for new entrants to enter the market and cater to the increasing demand for switchgear products.

Government policies and schemes introduced in the Ghana Switchgear Market

Ghana has emerged as a new hub for the switchgear industry in Africa. One of the key government policies that have significantly impacted the Ghana switchgear market share is the Renewable Energy Act. This act, which was passed in 2011, serves to promote the development and usage of renewable energy in the country. It outlines the legal framework for renewable energy generation, distribution, and consumption, which has encouraged private entities to invest in renewable energy projects, such as solar and wind. Another government policy introduced in Ghana is the establishment of the Energy Commission. This is the regulatory body that oversees the energy sector in the country. The Energy Commission has played a vital role in ensuring accountability and transparency in the switchgear industry, whilst also promoting innovation and competitiveness in the market.

Leading players in the Ghana Switchgear Market

Ghana switchgear market comprises a mix of domestic and international companies, each with varying levels of expertise in the industry. Some of the notable players in the market include ABB, General Electric, Siemens, and Schneider Electric. ABB is one of the leading players in the industry, providing innovative and energy-efficient switchgear products for seamless electrical power transmission. General Electric has also been making significant strides in the Ghanaian switchgear market, with its range of flexible and highly reliable switchgear solutions. Siemens delivers high-quality switchgear products and offers technical support services to ensure the seamless operation of the systems. Finally, Schneider Electric provides top-of-the-range sustainable switchgear solutions to enhance energy efficiency and reduce carbon emissions.

Market Analysis by Applications

According to Arun, Senior Research Analyst, 6Wresearch, Residential and commercial applications are among the largest segments of the Ghana switchgear market owing to population growth, urbanization, and increased investments in real estate. The industrial sector has also emerged as a robust application for switchgears in Ghana, with industries such as mining, oil and gas, and manufacturing driving the demand.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2021 to 2024.
  • Base Year: 2024
  • Forecast Data until 2031.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

s

  • Argentina Switchgear Market Overview
  • Argentina Switchgear Market Outlook
  • Argentina Switchgear Market Forecast
  • Historical Data of Argentina Switchgear Market Revenues & Volume for the Period 2021-2031
  • Argentina Switchgear Market Size and Argentina Switchgear Market Forecast of Revenues & Volume, Until 2031
  • Historical Data of Argentina Switchgear Market Revenues & Volume, By Voltage, for the Period 2021-2031
  • Market Size & Forecast of Argentina Switchgear Market Revenues & Volume, By Voltage, Until 2031
  • Historical Data of Argentina Switchgear Market Revenues & Volume, By Insulation, for the Period 2021-2031
  • Market Size & Forecast of Argentina Switchgear Market Revenues & Volume, By Insulation, Until 2031
  • Historical Data of Argentina Switchgear Market Revenues & Volume, By Applications, for the Period 2021-2031
  • Market Size & Forecast of Argentina Switchgear Market Revenues & Volume, By Applications, Until 2031
  • Market Drivers and Restraints
  • Argentina Switchgear Market Price Trends
  • Argentina Switchgear Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Argentina Switchgear Market Share, By Players
  • Argentina Switchgear Market Share, By Regions
  • Argentina 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
Ghana Switchgear Market (2025-2031): FAQs
The switchgear market in Ghana is expected to reach USD 373 million over the forecast period. The growth can be attributed to the increasing demand for electricity as well as the rise in renewable energy projects.
The Ghana switchgear market is highly competitive, with several players operating in the sector. Some of the major players in the market include ABB, Siemens, Schneider Electric, Eaton, and General Electric.
The switchgear market presents several opportunities for businesses and investors. The government's efforts to increase power generation and distribution capacity, the increasing demand for renewable energy, and the shift towards smart grid technology are some of the factors that indicate the potential for growth.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Ghana Switchgear Market Overview
3.1 Ghana Country Indicators
3.2 Ghana Switchgear Market Revenues & Volume 2021-2031F
3.3 Ghana Switchgear Market Revenue Share, By Voltage, 2021&2031F
3.4 Ghana Switchgear Market Revenue Share, By Insulation, 2021&2031F
3.5 Ghana Switchgear Market Revenue Share, By Application, 2021&2031F
3.6  Ghana Switchgear Market - Industry Life Cycle
3.7  Ghana Switchgear Market - Porter’s Five Forces
4. Ghana Switchgear Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Ghana Switchgear Market Trends
6. Ghana Switchgear Market Overview, By Voltage
6.1 Ghana Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2021-2031F
6.2 Ghana Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2021-2031F
6.3 Ghana Switchgear Market Revenues & Volume, By High Voltage Switchgear 2021-2031F
7. Ghana Switchgear Market Overview, By Insulation
7.1 Ghana Switchgear Market Revenues, By Medium Voltage Switchgear, 2021-2031F
7.2 Ghana Switchgear Market Revenues, By High Voltage Switchgear, 2021-2031F
7.3 Ghana Switchgear Market Revenues, By Low Voltage Switchgear, 2021-2031F
8. Ghana Switchgear Market Overview, By Application
8.1 Ghana Switchgear Market Revenues & Volume, By Residential, 2021-2031F
8.2 Ghana Switchgear Market Revenues & Volume, By Commercial, 2021-2031F
8.3 Ghana Switchgear Market Revenues & Volume, By Industrial, 2021-2031F
8.4 Ghana Switchgear Market Revenues & Volume, By Power Utilities, 2021-2031F
9.  Ghana Switchgear Market - Key Performance Indicators
10. Ghana Switchgear Market - Opportunity Assessment
10.1 Ghana Switchgear Market Opportunity Assessment, By Voltage 2031F
10.2 Ghana Switchgear Market Opportunity Assessment, By Insulation 2031F
10.3 Ghana Switchgear Market Opportunity Assessment, By Application, 2031F
11. Ghana Switchgear Market Competitive Landscape
11.1 Ghana Switchgear Market Revenue Share, By Company, 2024
11.2 Ghana Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters
12. Company Profiles
13. Key Recommendations
14. Disclaimer
 

Market Forecast 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), By Types(Low Voltage, Medium Voltage), By Applications(Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape

Product Code: ETC001685 Publication Date: Mar 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Ghana switchgear market is expected to witness rapid growth owing to sizeable investment in oil and gas, infrastructure, and transportation sector. Additionally, as the government aims to drive the economic growth through means of Public-Private Partnership the FDI in the region is anticipated to grow along with rising commercial and economic activities in the country resulting in a surge in demand for power supply leading to an increase in switchgear market revenues in the country. Healthy growth is anticipated during the forecast period on account of projected growth in the construction market and increasing the inflow of FDI in the construction and retail sectors.

According to 6Wresearch, the Ghana Switchgear Market size is anticipated to register growth during 2020-26. Increasing power requirements on account of the growing population, rising industrialization, and shortage in power supply due to inefficient grid infrastructure would lead to a surge in demand for the switchgear market over the forecast period.

The commercial application market is the leading revenue-generating segment in the Ghana switchgear market owing to an increase in investment in social infrastructure and transportation projects. Additionally, large-scale government infrastructure development projects, such as Tema and Takoradi Ports expansion, Boankra Inland Port and Eastern Rail Corridor, expansion of the Accra-Tema, and development of other social infrastructure, are also strengthening the construction sector in the region resulting in a further increase in the demand for uninterrupted power supply in the country. 

The Ghana Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Ghana Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Ghana Switchgear 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.

Ghana switchgear market is projected to gain traction in the upcoming six years on the back of the rising expansion of industrialization in the country. Rising foreign investment and government support in the establishment of industries in the country coupled with the rising need for heavy machine setups tend to require reliable energy supply to operate machines efficiently. This factor creates a favorable impact on market growth. 

emerging service sectors are expected to generate overall market growth in the country.  As flourishing service sectors like banking and insurance sector highly need a regular energy supply to operate systems efficiently and ensure high productivity. As a result, strengthening product demand and would benefit the Ghana switchgear market garner enormous growth in the upcoming six years.

Key Highlights of the Report:

  • Ghana Switchgear Market Overview
  • Ghana Switchgear Market Outlook
  • Ghana Switchgear Market Forecast
  • Historical Data of Ghana Switchgear Market Revenues & Volume for the Period 2016-2019
  • Ghana Switchgear Market Size and Ghana Switchgear Market Forecast of Revenues & Volume, Until 2026
  • Historical Data of Ghana Switchgear Market Revenues & Volume, By Types, for the Period 2016-2019
  • Market Size & Forecast of Ghana Switchgear Market Revenues & Volume, By Types, Until 2026
  • Historical Data of Ghana Switchgear Market Revenues & Volume, By Voltage, for the Period 2016-2019
  • Market Size & Forecast of Ghana Switchgear Market Revenues & Volume, By Voltage, Until 2026
  • Historical Data of Ghana Switchgear Market Revenues & Volume, By Insulation, for the Period 2016-2019
  • Market Size & Forecast of Ghana Switchgear Market Revenues & Volume, By Insulation, Until 2026
  • Historical Data of Ghana Switchgear Market Revenues & Volume, By Applications, for the Period 2016-2019
  • Market Size & Forecast of Ghana Switchgear Market Revenues & Volume, By Applications, Until 2026
  • Market Drivers and Restraints
  • Ghana Switchgear Market Price Trends
  • Ghana Switchgear Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Ghana Switchgear Market Share, By Players
  • Ghana Switchgear Market Share, By Regions
  • Ghana Switchgear Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Ghana Switchgear Market report provides a detailed analysis of the following market segments:

  • By Voltage:
    • Low Voltage Switchgear
    • Medium Voltage Switchgear
    • High Voltage Switchgear
  • By Insulation:
    • Medium Voltage Switchgear
      • Air Insulated
      • Gas Insulated
      • Others
    • High Voltage Switchgear
      • Air Insulated
      • Gas Insulated
      • Others

  • By Types:
    • Low Voltage Switchgear
      • MCB
      • MCCB
      • C&R
      • ACB
      • COS
      • Others
    • Medium Voltage Switchgear
      • Indoor Switchgear (ISG)
      • Outdoor Switchgear (OSG)
      • Others

  • By Applications:
    • Residential
    • Commercial
    • Industrial
    • Power Utilities
    • Other

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