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

Topics Covered in the Morocco Switchgear Market

Morocco 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.

Morocco Switchgear Market Synopsis

Morocco Switchgear Market has been gaining steady momentum over the years. The country's growing demand for electricity, infrastructure, and industrialization has paved the way for the expansion of the switchgear market. Switchgear refers to the equipment used in electrical distribution systems to control, protect, and isolate electrical equipment during normal and abnormal conditions.

According to 6Wresearch, the Morocco Switchgear Market size was valued at USD 405.47 million. The market is expected to grow at a CAGR of 7.45% during the forecast period of 2024-2030. One of the significant drivers of the switchgear market in Morocco is the country's plans for infrastructure expansion. The government's ambitious programs to develop and expand the country's infrastructure, particularly in the transportation and energy sectors, play a critical role in driving demand for switchgear. Moreover, the growth of industrialization in the country, including the automotive, chemical production, and other manufacturing industries, has witnessed an increase in demand for switchgear. Despite the current market upward trend, several challenges hinder the Morocco switchgear market growth, including a lack of technical expertise and skilled labor. Furthermore, low product differentiation among suppliers, standardized product ranges, lack of standardization and integration of switchgear components are key challenges inhibiting the adoption of modern technologies in the market. One of the latest trends in the switchgear market is the increasing demand for green and sustainable energy initiatives. Climate change and environmental concerns have led to a surge in the installation of green energy infrastructures, including solar and wind energy. Additionally, there is an increasing drive towards digitalization in the switchgear industry, especially with the rise of Industry 4.0 technologies.

Government policies and schemes introduced in the Morocco Switchgear Market

Morocco is one of the leading countries globally embracing renewable energy. The government is committed to increasing its installed electric power capacity by 52% on clean energy by 2030. In 2019, the government launched the Integrated Wind and Solar Plan, which aims to have a total of 6,000 MW installed by 2025. The Moroccan Agency for Sustainable Energy (MASEN) manages the renewable energy programs and oversees ensuring that the country attains its ambitious renewable energy targets. The government has also launched the Green Morocco Plan, which advocates for the use of renewable energy and energy efficiency. The plan aims to promote sustainable development and minimize the country’s dependency on fossil fuels.

Leading players in the Morocco Switchgear Market

One of the leading players in the Morocco Switchgear Industry is ABB. ABB is a Swiss-based power and automation technology company and has a significant presence in the Moroccan market. The company provides switchgear solutions tailored to the country’s regulations and standards, including Gas Insulated Switchgear (GIS) and Air Insulated Switchgear (AIS). Schneider Electric is also among the major players and has been in the market for over 40 years. The company provides a range of solutions in the switchgear market, including Medium Voltage switchgear and Low Voltage switchgear. Other significant players in the market include SIEMENS, Eaton, and Legrand.

Market Analysis by Voltage

According to Aditi, Senior Research Analyst, 6Wresearch, the medium voltage switchgear segment is expected to dominate the market in the coming years. This can be attributed to the expansion of the industrial sector in Morocco, which requires reliable and consistent power supply. The growth of the industrial sector has led to an increase in demand for medium voltage switchgear for process control and automation.

Market Analysis by Applications

In terms of Applications, the residential segment is expected to dominate the Morocco Switchgear Market Share as there is a surge in residential construction activities in Morocco. The commercial and industrial segments are also expected to see substantial growth, owing to the development of the manufacturing and service sectors in the country. Power utilities remain the largest consumer of switchgear products, and it is expected to continue in the future, with an increased focus on renewable energy sources.

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 Reports

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