Saudi Arabia Low Voltage Switchgear Market is expected to grow at a robust CAGR
Saudi Arabia Low Voltage Switchgear Market is expected
to grow owing to relying on LV switchgear for various applications, including
oil refineries and petrochemical plants throughout the forecast period.
According to TechSci Research report, “Saudi
Arabia Low Voltage Switchgear Market – By Region, Competition, Forecast and
Opportunities, 2018-2028”, the Saudi Arabia Low Voltage Switchgear Market
is expected to register robust growth during the forecast period. Saudi Arabia
continues to invest in various infrastructure projects, including
transportation, healthcare facilities, educational institutions, and
residential developments. The construction of new infrastructure necessitates
the installation of LV switchgear for electrical distribution and safety.
Saudi Arabia continues to invest in infrastructure
projects, including transportation, healthcare, and education. The construction
of new buildings and facilities necessitates the installation of LV switchgear
for power distribution and safety, creating a significant market opportunity.
The growing interest in renewable energy sources, such
as solar and wind, presents opportunities for LV switchgear manufacturers.
These systems require LV switchgear for electrical distribution and protection,
including grid interconnection and integration with energy storage solutions.
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Based on product type, the Fixed
Mounting segment is expected to dominate the market during the forecast period.
The oil and gas industry relies on fixed mounting LV switchgear for specific
applications in potentially hazardous environments. The sector's growth drives
demand. Flameproof and explosion-proof fixed mounting switchgear with
certifications for hazardous locations. Safety, reliability, and compliance
with international standards are paramount in this sector due to the hazardous
nature of the environment. The healthcare sector, including hospitals and
clinics, requires fixed mounting LV switchgear for uninterrupted power supply
and patient safety. Growth in healthcare facilities drives demand. Fixed
isolation panels, automatic transfer switches (ATS), and distribution boards.
High reliability, backup power systems, and compliance with medical equipment
standards are important in this segment. Safety and reliability are critical.
The Fixed Mounting segment in the Low Voltage Switchgear Market in Saudi Arabia
plays a crucial role in providing permanent electrical distribution and
protection for various sectors.
Based on voltage rating, the Less Than
250v segment is projected to dominate the market throughout the forecast
period. The growth in commercial infrastructure, such as office buildings,
shopping malls, and hotels, fuels the demand for LV switchgear. Energy
efficiency and safety are critical considerations. Air circuit breakers (ACBs),
molded case circuit breakers (MCCBs), and distribution panels are commonly
used. The adoption of green building standards and the integration of energy
management systems are driving the use of advanced LV switchgear. Low voltage
switchgear is used in various industrial applications, including manufacturing,
food processing, and small-scale industries. The demand is influenced by the
industrial growth in Saudi Arabia. Motor control centers (MCCs), power
distribution boards, and variable frequency drives (VFDs). Energy-efficient LV
switchgear solutions are gaining importance in the industrial sector, along
with a focus on safety and reliability. The healthcare sector, including
hospitals and clinics, relies on LV switchgear for uninterrupted power supply,
patient safety, and critical medical equipment. Isolation panels, automatic
transfer switches (ATS), and LV distribution boards. The need for
high-reliability LV solutions with backup power systems is growing, driven by
advancements in medical technology and patient care. The Low Voltage Switchgear
Market in Saudi Arabia for applications less than 250V encompasses a diverse
range of sectors with specific needs and growth drivers.
Key market players in the Saudi Arabia Low Voltage
Switchgear Market are:-
- Schneider Electric
- Siemens
- ABB
- Eaton Corporation
- Mitsubishi Electric
- General Electric (GE)
- Schweitzer Engineering Laboratories (SEL)
- Crompton Greaves (CG)
- Legrand
- L&T Electrical and Automation
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“The Saudi Arabia Low Voltage Switchgear Market in
Riyadh is poised to be the dominant force in the industry. Riyadh is home to
several industrial zones and business parks. The industrial sector's expansion,
especially in manufacturing and petrochemicals, drives the demand for LV
switchgear for power distribution within these facilities. Riyadh is actively
working on smart grid initiatives to improve the efficiency and reliability of
its electrical distribution network. This trend creates opportunities for LV
switchgear with advanced monitoring and control capabilities.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi Arabia Low Voltage Switchgear Market Segmented
By Product Type (Fixed Mounting, Plug-In and Withdrawable Unit), By Voltage
Rating (Less than 250V, 250V to 750V, and 751V to 1000V), By Installation
(Indoor and Outdoor), By Application (Substation, Distribution, Power Factor
Correction, Sub-Distribution and Motor Control), By Region, and By Competition,
2018-2028,” has evaluated the future growth potential of Saudi Arabia Low Voltage
Switchgear Market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia Low Voltage
Switchgear Market.
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