Press Release

Shift towards Travel and Tourism Sector to Aid Growth of Qatar Switchgear Market

Mega infrastructure projects, rising investment in power sector under Qatar National Vision 2030 and upcoming FIFA World Cup 2022 to drive Qatar switchgear market through 2025

According to TechSci Research report, Qatar Switchgear Market By Type, By End User, Competition Forecast & Opportunities, 2013-2025’’, Qatar switchgear market is projected to cross $ 1 billion by 2025. Qatar is increasing focusing on shifting from an oil dependent economy to a travel and tourism-based economy as the mega oil reservoirs are likely to deplete over the next 30-40 years. Thus, as a substitute source of capital, Qatar is building tourist attractions and strengthening the transportation sector by constructing more metros and airports. All these factors are anticipated to steer growth in Qatar switchgear market during the forecast period. Additionally, FIFA World Cup 2022 is going be held in Qatar, which would further induce infrastructural development in the country, thereby driving the demand for switchgears in the coming years.

Browse 51 market data Figures and Tables spread through 108 Pages and an in-depth TOC on "Qatar Switchgear Market"


Furthermore, the Qatar National Vision 2030 aims at transforming Qatar into an advanced and self-sustainable economy. With anticipated growth in infrastructure, the market for switch gears in the country is poised to grow. On the basis of type, Qatar switchgear market is segmented into low voltage, medium voltage and high voltage. The low voltage segment accounted for the highest share on account of increasing demand for consumer products and high spending on residential and cooling facilities due to the country’s high GDP per capita. Among end users, utilities accounted for the largest share in Qatar switchgear market in 2017 due to large-scale utility projects of electricity transmission and distribution, as well as water management and wastewater drainage projects in the country.  

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In 2017, Al Dawhah (Doha) region accounted for the largest revenue share in Qatar switchgear market due to high population in the region which in turn leads to demand for utility, residential and construction projects in the region. “Focus towards mega construction projects in Qatar is boosting the demand for switchgears in utilities and construction sectors. Moreover, on account of growing tourism sector and Qatar National Vision 2030, the country is taking a sustainable approach towards development of the economy. Additionally, FIFA World Cup 2020 which is going to be held in Qatar has resulted in growth of hospitality, transportation, construction sector. Consequently, switchgear market in Qatar is expected to witness a robust growth in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Qatar Switchgear Market By Type, By End User, Competition Forecast & Opportunities, 2013-2025 has evaluated the future growth potential of Qatar switchgear market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in Qatar switchgear market.

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