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

Topics Covered in UAE Wiring Devices Market Report

UAE Wiring Devices Market Report thoroughly covers the market by types, applications and residential applications. The UAE Wiring Devices Market Outlook report provides an unbiased and detailed analysis of the ongoing UAE Wiring Devices Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

UAE Wiring Devices Market Synopsis

The UAE wiring devices market attained growth owing to increased commercial and residential construction, alongside major government infrastructure projects. Key developments, including the Wasl Tower, the $204 million Regalia residential project, and the Bloom Living project with 4,000 villas and apartments, have consistently driven demand. Additionally, significant transportation and road infrastructure projects, such as the $11 billion Etihad Rail, the $5.9 billion proposed Hyperloop between Dubai and Abu Dhabi, and the $2.7 billion Sheikh Zayed double-deck road, are anticipated to sustain and further amplify demand for wiring devices, supporting continued market growth and development.

According to 6Wresearch, the UAE Wiring Devices Market is projected to grow at a CAGR of 5.9% during 2024-2030F. UAE's "We the Emirates 2031" vision and national action plan are set to significantly influence the wiring devices market. This strategic initiative aims to foster economic growth, leading to heightened demand for advanced electrical infrastructure across sectors such as infrastructure, hospitality, and residential, among others. Upcoming projects in the UAE, including the Natural History Museum, Falcon Island, and Rixos Dubai Islands with their mix of residential and commercial developments, are expected to drive demand for wiring devices.

Additionally, the $300 billion strategic initiative to advance the UAE's industrial sector by 2030, along with the "Projects of the 50" focusing on industrial, transportation, and energy infrastructure, would further contribute to the growth of the wiring devices market in the coming years.

Market Segmentation by Types

Receptacles/Sockets segment is projected to spearhead the wiring devices market revenues in the UAE throughout the forecast period, propelled by rapid developments in the residential and commercial sectors, highlighted by major projects such as Mondrian, Rixos Dubai Islands, and Hotel and Residences, among others.

Market Segmentation by Applications

In 2023, the residential sector represented the majority of revenue in the wiring devices market, a trend projected to continue. This sustained growth is driven by an increase in residential construction projects and government housing initiatives in the UAE. The combination of escalating demand for residential developments and significant upcoming construction projects is expected to support and enhance the market's expansion in the foreseeable future.

Market Segmentation by Residential Applications

In 2023, mid-range residential housing captured the largest share of revenue, a trend anticipated to continue due to persistent demand. Furthermore, upcoming construction projects in the UAE are expected to substantially boost the growth of the wiring devices market. The synergy of ongoing residential housing demand and new construction activities is poised to drive significant market expansion.

Key Attractiveness of the Report

• 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

• UAE Wiring Devices Market Overview
• UAE Wiring Devices Market Outlook
• UAE Wiring Devices Market Forecast
• Historical Data and Forecast of UAE Wiring Devices Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of UAE Wiring Devices Market Revenues By Types, for the Period 2020-2030F
• Historical Data and Forecast of UAE Wiring Devices Market Revenues By Applications, for the Period 2020-2030F
• Historical Data and Forecast of UAE Wiring Devices Market Revenues By Residential Application, for the Period 2020-2030F
• 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 Types

• Receptacles/Sockets
• Switches
• Wall Plates
• Plugs
• Others (Wire Mesh, Wire connectors etc.)

By Applications

• Residential
• Commercial
• Industrial
• Public Transport and Infrastructure

By Residential Applications

• Basic Housing
• Mid-Range Housing
• Premium Housing