Market Forecast By Insulation Type (Air Insulated, Gas Insulated, And Others Including Hybrid And Oil), By Voltage (1.1KV – 15KV, 15.1KV – 24KV And 24.1KV – 36KV), By Product Type (ISG (Indoor Switchgear), RMU (Ring Main Unit) And Others (OSG- Outdoor Switchgear, CSS-Compact Sub-Station)), By Verticals (Commercial, Industrial, Power Utilities And Others Including Transportation Infrastructure And Government Building) And Competitive Landscape
Product Code: ETC160198 | Publication Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Qatar Medium Voltage Switchgear Market |
Forecast period | 2025-2031 |
CAGR | 5.5% |
Growing Sector | Power Utilities |
The Qatar Medium Voltage Switchgear Market Report thoroughly covers the market by Insulation Type, Voltage, Product Type and Verticals. The Qatar Medium Voltage Switchgear Market Outlook report provides an unbiased and detailed analysis of the ongoing Qatar Medium Voltage Switchgear 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.
The Qatar Medium Voltage Switchgear Market is growing rapidly due to increasing urbanization and industrialization. Moreover, increasing focus on the adoption of renewable energy sources and following its integration to the power grid is flourishing market growth. The major market players are concentrating on innovations and strategic collaborations to scale up their product portfolios. In additional to this, the technological advancement in design and manufacturing of switchgear is further triggering growth of the market. Overall, the Qatar Medium Voltage Switchgear market offers significant growth and development opportunities.
According to 6Wresearch, the Qatar Medium Voltage Switchgear Market is projected to grow at a CAGR of 5.5% during 2025-2031. Qatar Medium Voltage Switchgear Market majorly gains traction from the increasing urbanization and industrialization in Qatar resulting in increased requirement for dependable as well efficient power distribution system. In addition, the government has been making strategic investments in infrastructure projects especially within energy and utilities sectors which drives the market growth. Furthermore, the increasing focus on clean and renewable energy sources and integration of these sources into power grid are also responsible for growth in demand for advanced switchgears. Moreover, improvements in the switchgear design and manufacturing process are further enhancing operational efficiency as well as safety, thereby generating interest across a myriad of end-use industries.
However, the Qatar Medium Voltage Switchgear market faces many challenges that hinder its growth. A major obstacle is the large upfront investment in installation and maintenance, which makes advanced switchgear installations unattractive to smaller businesses. Furthermore, the market is experiencing a scarcity of skilled personnel who are able to operate and manage complex electrical equipment without causing operational delays. An even bigger problem is fluctuating raw material costs, making it very difficult for manufacturers to provide an accurate price on costing-and get the margins they need. In addition, strict regulatory requirements and compliance obligations bring an additional layer to the mix that makes it even harder for organizations to follow industry practices as they continue to evolve.
Key players of Qatar Medium Voltage Switchgear Market are ABB Ltd., Siemens AG, Schneider Electric SE, Eaton Corporation Plc, and General Electric Company. These companies have a major presence in the Qatar market and are actively involved in research and are involved in designing new generation, high-performance & most cost-effective switchgear technologies to meet the requirements of their customers.
The government of Qatar exerts significant influence on the growth of the Medium Voltage Switchgear market through several strategic initiatives. A landmark endeavour is the National Vision 2031 plan which aims to diversify the economy and lessen reliance on oil, instigating increased spending in infrastructure projects demanding innovative electrical systems. In addition, the government launched the Smart Grid Initiative to update the nationwide grid, bettering efficiency and dependability through adopting cutting-edge switchgear technology. Furthermore, Qatar’s Green Building Council advocates sustainable construction practices, urging utilization of energy-efficient electrical components in novel progressions. An additional prominent initiative is the National Program for Conservation and Energy Efficiency (Tarsheed), which endorses sustainable practices and adoption of energy-efficient technologies, like state-of-the-art switchgear.
The Qatar Medium Voltage Switchgear market is projected to expand substantially in the coming years. This growth can be attributed to the growing urbanization and growing industrialization. Furthermore, rising preference for renewable energy sources and its integration with the grid is fuelling the market growth. Leading market players are focusing on innovations and strategic partnerships to expand their product offerings. Moreover, advancement in design and manufacturing of switchgear drives the market growth. Overall, the future of the Qatar Medium Voltage Switchgear market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the gas insulated segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to its compact size, better reliability and easier maintenance compared with the air-insulated switchgear systems. In addition, the rising attention to cost-efficient and more environmentally friendly energy solutions further drives the growth of this segment.
Based on Voltage, the 15.1KV – 24KV segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the rising implementation of digital substations & smart grid technology, which further need medium voltage switchgear solutions under this range.
On the basis of Product Type, the RMU (Ring Main Unit) segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to its compact size, easy installation and maintenance along with rising investments in smart grid infrastructure projects.
In terms of Verticals, the power utilities segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the growing requirement of electricity and investments in creating a strong and efficient power grid infrastructure.
The report offers a comprehensive study of the subsequent market segments:
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. Qatar Medium Voltage Switchgear Market Overview |
3.1 Qatar Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
3.2 Qatar Medium Voltage Switchgear Market - Industry Life Cycle |
3.3 Qatar Medium Voltage Switchgear Market - Porter’s Five Forces |
3.4 Qatar Medium Voltage Switchgear Market Revenue & Volume Share, By Insulation Types, 2021 & 2031F |
3.5 Qatar Medium Voltage Switchgear Market Revenue Share, By Product Types, 2021 & 2031F |
3.6 Qatar Medium Voltage Switchgear Market Revenue & Volume Share, By Voltage, 2021 & 2031F |
3.7 Qatar Medium Voltage Switchgear Market Revenue Share, By Verticals, 2021 & 2031F |
4. Qatar Medium Voltage Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Qatar Medium Voltage Switchgear Market Trends |
6. Qatar Medium Voltage Switchgear Market Overview |
6.1 Qatar Country Indicators |
6.2 Qatar Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.3 Qatar Medium Voltage Switchgear Market Overview, By Insulation Types |
6.3.1 Qatar Medium Voltage Switchgear Market Revenue & Volume Share, By Insulation Types, 2021 & 2031F |
6.3.2 Qatar Medium Voltage Switchgear Market Revenues & Volume, By Insulation Types, 2021-2031F |
6.3.2.1 Qatar Air Insulated Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.3.2.2 Qatar Gas Insulated Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.3.2.3 Qatar Other Insulated Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.4 Qatar Medium Voltage Switchgear Market Overview, By Voltage |
6.4.1 Qatar Medium Voltage Switchgear Market Revenue & Volume Share, By Voltage, 2021 & 2031F |
6.4.2 Qatar Medium Voltage Switchgear Market Revenues & Volume, By Voltage, 2021-2031F |
6.4.2.1 Qatar 1.1-15 kV Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.4.2.2 Qatar 9-24 kV Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.4.2.3 Qatar 25-36 kV Medium Voltage Switchgear Market Revenues & Volume, 2021-2031F |
6.5 Qatar Medium Voltage Switchgear Market Overview, By Product Types |
6.5.1 Qatar Medium Voltage Switchgear Market Revenue Share, By Product Types, 2021 & 2031F |
6.5.2 Qatar Medium Voltage Switchgear Market Revenues, By Product Types, 2021-2031F |
6.5.2.1 Qatar ISG Market Revenues, 2021-2031F |
6.5.2.2 Qatar RMU Market Revenues, 2021-2031F |
6.5.2.3 Qatar Other Medium Voltage Switchgear Market Revenues, 2021-2031F |
6.6 Qatar Medium Voltage Switchgear Market Overview, By Verticals |
6.6.1 Qatar Medium Voltage Switchgear Market Revenue Share, By Verticals, 2021 & 2031F |
6.6.2 Qatar Medium Voltage Switchgear Market Revenues, By Verticals, 2021-2031F |
6.6.2.1 Qatar Medium Voltage Switchgear Market Revenues, By Commercial Vertical, 2021-2031F |
6.6.2.2 Qatar Medium Voltage Switchgear Market Revenues, By Industrial Vertical, 2021-2031F |
6.6.2.3 Qatar Medium Voltage Switchgear Market Revenues, By Power Utilities Vertical, 2021-2031F |
6.6.2.4 Qatar Medium Voltage Switchgear Market Revenues, By Other Verticals, 2021-2031F |
6.7 Qatar Medium Voltage Switchgear Market Key Performance Indicators |
6.7.1 Qatar Government Spending Outlook |
6.7.2 Qatar Commercial Sector Outlook |
6.7.3 Qatar Industrial Sector Outlook |
6.7.4 Qatar Power Sector Outlook |
6.7.5 Qatar Transportation Infrastructure Sector Outlook |
6.8 Qatar Medium Voltage Switchgear Market Opportunity Assessment |
6.8.1 Qatar Medium Voltage Switchgear Market Opportunity Assessment, By Verticals, 2030F |
7. Qatar Medium Voltage Switchgear Market Opportunity Assessment |
7.1 Qatar Medium Voltage Switchgear Market Opportunity Assessment, By Countries, 2030F |
7.2 Qatar Medium Voltage Switchgear Market Opportunity Assessment, By Verticals, 2030F |
8. Qatar Medium Voltage Switchgear Market Competitive Landscape |
8.1 Qatar Medium Voltage Switchgear Market Competitive Benchmarking, By Insulation Types |
8.2 Qatar Medium Voltage Switchgear Market Revenue Share, By Company, 2024 |
9. Company Profiles |
9.1 Schneider Electric SE |
9.2 Siemens AG |
9.3 Eaton Corporation Plc |
9.4 ABB Ltd. |
9.5 Alfanar Group |
9.6 Larsen & Toubro Limited |
9.7 Hitachi Industrial Equipment Systems Co. Ltd. |
9.8 Lucy Qatar FZE |
9.9 General Electric Company |
9.10 Al Ahelia Switchgear Co. |
10. Key Strategic Recommendations |
11. Disclaimer |
Market Forecast By Insulation Type (Air Insulated, Gas Insulated, And Others Including Hybrid And Oil), By Voltage (1.1KV – 15KV, 15.1KV – 24KV And 24.1KV – 36KV), By Product Type (ISG (Indoor Switchgear), RMU (Ring Main Unit) And Others (OSG- Outdoor Switchgear, CSS-Compact Sub-Station)), By Verticals (Commercial, Industrial, Power Utilities And Others Including Transportation Infrastructure And Government Building) And Competitive Landscape
Product Code: ETC160198 | Publication Date: Mar 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 2 |
Qatar Medium Voltage Switchgear Market report thoroughly covers the market by insulation type, voltage, product type, and verticals. The market 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.
Qatar medium voltage switchgear market registered slow growth in recent years owing to setbacks in the construction and power sector which were severely hit by the declining capital expenditure as a result of the oil crisis in the region. Additionally, the outbreak of the COVID-19 pandemic also resulted in the slowdown of the market in 2020.
According to 6Wresearch, Qatar Medium Voltage Switchgear Market size is expected to record a negative CAGR of (0.30%) during 2019-2025. Qatar’s Vision 2030 and FIFA World Cup 2022 are two major factors driving the government to spend heavily on infrastructure and power sector development in the country, which would enhance the need for power transmission and distribution set up across the nation. Infrastructure development combined with strengthening commercial and power sectors would drive the market for medium voltage switchgear in Qatar.
In the case of insulation types, the Gas-insulated switchgear accounted for the majority of the revenue share in the overall Qatar medium voltage switchgear market followed by the Air-insulated switchgear type in 2019.
The report provides a detailed analysis of the following market segments: