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

Topics Covered in the UAE Switchgear Market Report

The UAE Switchgear Market report thoroughly covers the market by voltage, by insulation, by applications and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going 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.

UAE Switchgear Market Synopsis

The UAE's constant industrial development and infrastructure enhancement have led to the evolution of the switchgear market. Switchgears are electrical devices and systems that serve as an interconnection point for numerous circuits in power systems. The UAE switchgear market has seen significant growth in recent years, thanks to various factors such as investments in power transmission, urbanization and industrialization, and advancements in the energy sector. Additionally, one of the significant trends observed in the UAE switchgear market is the shift towards the use of gas-insulated switchgear (GIS) systems, which offer numerous benefits such as high-speed performance, reduced noise levels, and low maintenance. The GIS system has seen significant growth in the country due to its capacity to provide efficient electrical distribution and its eco-friendliness. In addition, with the country’s focus on sustainability and green energy, the market has seen a rise in smart switchgear systems as well, which are suitable for wireless power management. However, the UAE switchgear industry aspects numerous challenges such as price volatility of raw materials, increasing adoption of renewable sources, fragmentation of the market, and the rising threat of cybersecurity. For instance, the cost of raw materials such as copper and aluminum, which are critical components of switchgears, experiences a high unpredictability, which may cause suppliers and manufacturers to struggle to gain a stable foothold in the market.

According to 6Wresearch, UAE switchgear market size is projected to grow at a CAGR of 9.6% during 2024-2030. The rise in electricity demand and the need for building faster and sustainable infrastructure are the crucial drivers of this growth in demand for switchgear and electrical power distribution systems in the country. Additionally, as the UAE Government promotes initiatives to minimize CO2 emissions and develop renewable energy, the installation of switchgear systems compliant with existing green energy regulations has boosted market growth. Additionally, the UAE has set its sights on developing a robust and modern infrastructure. The country has launched numerous infrastructure development projects that include housing, commercial, and industrial sectors. With widespread construction projects in progress, the demand for switchgear and other power distribution systems has grown significantly. The UAE government is also investing heavily in renewable energy and smart city projects, thus creating more opportunities for the switchgear market to thrive. Moreover, as the population in the UAE grows, so does the need for electricity. The government has been taking steps to diversify the energy mix, aiming to generate as much as 44% of the country’s energy through renewable sources by 2050. These moves require significant investment in power generation, transmission, and distribution systems. Thus, the need for switchgear equipment that manages and protects these systems will rise. The increasing adoption of electric vehicles, smart homes, and the Internet of Things further increases the demand for switchgear systems, a trend that’s likely to continue.

Government Initiatives Introduced in the UAE Switchgear Market

One of the significant factors contributing to the growth of the switchgear market is the UAE government's commitment to investing in renewable energy projects. The government has set a target of having 50% of its energy mix from clean energy sources by 2050. This target is being met through ambitious plans such as the development of the world's largest solar power project in Abu Dhabi. These renewable energy projects require robust and reliable switchgear systems to ensure operational safety, and this is where the growth opportunities for switchgear companies lie. Furthermore, these events have reinforced the UAE Switchgear Market Share. Additionally, the UAE government has been focusing on the development of smart cities and infrastructure, creating more significant opportunities for switchgear companies. With the increased development of smart cities, smart buildings, and homes in the UAE, the demand for advanced switchgear systems has substantially increased. In turn, this has created opportunities for local and international manufacturers to invest in Research and Development to create advanced switchgear systems that can cater to the country's specific needs.

Key Players in the UAE Switchgear Market

Several key players have been operating in the UAE switchgear market, including ABB Ltd., Siemens AG, Prysmian Group, Schneider Electric, and Eaton Corporation. Furthermore, some of the key companies occupy extensive UAE Switchgear Market Revenues. These companies have been playing a vital role in the development of the switchgear industry in the UAE, catering to various segments such as power transmission and distribution, construction, residential, and commercial buildings.

Market by Voltage

According to Ravi Bhandari, Research Head, 6Wresearch, the UAE switchgear market has grown considerably, with Low, Medium, and High Voltage Switchgear being the three common types. Additionally, the medium voltage switchgear operates between 1000V to 35,000V, making them suitable for industrial applications such as large-scale factories, refineries, and power generation plants. The MV Switchgear is employed to distribute and control power from the primary distribution system, usually from a substation to the secondary distribution system. Some popular MV switchgear products used in the UAE market are Vacuum Circuit Breakers (VCB), SF6 Circuit Breakers, and Fuse Switch Disconnectors (FSD). Further, high Voltage Switchgear operates between 35,000V and 400,000V and is used in heavy industries, power generation plants, and in generating and distributing electricity to municipalities. The HV Switchgear provides a higher level of protection and safety compared to LV or MV switchgear. It provides a more durable design and compromises safety features such as interlocks to prevent disconnected parts, grounding, and arrestors. Some popular HV switchgear products used in the UAE market are Gas-Insulated Switchgear (GIS), Metal-Clad Switchgear (MCSG), and Hybrid Switchgear (HSG).

Market by Application

The Switchgear is essential in controlling, isolating, and protecting electrical equipment in power systems. This equipment comprises switches, fuses, circuit breakers, and other devices located in substations, electrical panels, and other places. The UAE has emerged as a major hub for the switchgear market globally, and different applications require these crucial components. One of the major application in the UAE switchgear market is Industrial sector. The industrial sector is the most significant consumer of switchgear systems, often provided with custom-built switchgear assemblies. Industrial applications require equipment that can work in harsh, high voltage environments and can control or shut off electrical power flows. Switchgear is used in electrical power grids, manufacturing facilities, and power-producing stations. Gas-insulated switchgear is gaining popularity in industries, where its low maintenance and compact size provide excellent reliability and safety.

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 Reports

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

UAE Switchgear Market (2024-2030): FAQs