Middle East Electrical Equipment Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Middle East Electrical Equipment Market Synopsis

The outbreak of COVID-19 pandemic had a negative impact on Middle East electrical equipment market, since COVID-19 mitigation measures resulted in a sector-wide halt in economic activity, as well as limitations on foreign travel. The construction sector, a key barometer for the growth of electrical equipment market, also suffered severe decline in commercial and residential space development. Apart from this, volatility in raw material prices such as copper and aluminium on account of post COVID-19 supply chain disruption and uneven demand and supply as Middle East countries heavily rely on copper and aluminium import, has become a restraint in Middle East electrical equipment market growth.

According to 6Wresearch, Middle East Electrical Equipment Market revenue size is projected to grow at a CAGR of 8.4% during 2022-2028. Middle East Electrical Equipment market is growing and is anticipated to grow further on account of rise in construction activities such as rising commercial and residential infrastructure in Middle East region owing to several economic vision and government policies that aim to diversify the oil-based economy. Additionally, huge investments in various mega projects in construction, infrastructure, oil & gas, and power sectors have raised demand for electrical equipment's in the region. Furthermore, Middle East countries increased public-private partnership for the development of infrastructure, which would further augment the demand for electrical equipment's. Hence, Middle East Electrical Equipment Market would show positive trend in the forecast period. Government’s initiatives to boost energy sector along with hassle free shifting towards renewable energy sources would act as a catalyst for the demand for electrical equipment's such as low and high voltage wires and cables, wiring devices, electrical lighting equipment in the forecast period.

 Market by Type

Wires and cables acquired major revenue share on the account of rapid usage of smart meters along with the acceptance of evolving smart transmission technologies and ongoing infrastructure to utilize the telecom sector in line with digitalization across the sector. The wires and cables segment are expected to grow in coming years owing to ongoing investments in the power sector providing numerous solutions for establishing distribution network, load management as well as meter data management across the region along with growing government investments in the construction sector.

Market by Application

Non-residential segment dominate the Middle East electrical equipment market revenue share on the account of large-scale infrastructure projects. Non-residential sector is expected to dominate the market revenue share in Middle East Electrical Equipment Industry owing to upcoming commercial and industrial projects.

Market by Countries

Turkey dominate the Middle East electrical equipment market revenue share owing to the development of projects such as new Istanbul Airport metro line project, Marmaray Tunnel in Istanbul, Basaksehir Medical City among others. The Turkey electrical equipment market is expected to dominate in coming years on the account of growing investment in the infrastructure projects by the Turkey government which is expected to help bolster the development of all modes of transport in the country.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2022
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

 Key Highlights of the Report

• Middle East Electrical Equipment Market Overview
• Middle East Electrical Equipment Market Outlook
• Middle East Electrical Equipment Market Forecast
• Historical Data and Forecast of Middle East Electrical Equipment Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Middle East Electrical Equipment Market Revenues By Type, for the Period 2018-2028F
• Historical Data and Forecast of Middle East Electrical Equipment Market Revenues By Applications, for the Period 2018-2028F
• Market Drivers
• Market Restraints
• Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Market Player’s Revenue Ranking
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

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

By Type

• Wires and Cables
• Batteries and Accumulators
• Wiring Devices
• Electrical Lighting Equipment
• Switchgear

By Application

• Residential
• Non-Residential

By Countries

• UAE
• Saudi Arabia
• Qatar
• Kuwait
• Oman
• Bahrain
• Turkey
• Rest of Middle East (Jordan, Lebanon, Iraq, Iran etc.)