Per capita electricity consumption in GCC countries
stands at around 10.29 megawatt hour, which is about three times the global
average. Major reasons behind high per capita consumption of electricity include
high dependence on electric appliances, especially air conditioners, due to hot
climatic conditions; and increasing water desalination owing to lack of naturally
available potable water in GCC countries. Desalination of sea water, which is
an energy intensive process, has become imperative in GCC nations to address
the growing water requirement of the region’s expanding population. Growing
demand for electricity is leading to development and expansion of power
infrastructure, which requires installation of switchgears in the electricity
network. Moreover, GCC nations are increasing their focus on developing
refinery and petrochemical processing infrastructure, which would require strengthening
electrical infrastructure as well, including building new power plants and
transmission & distribution networks. These factors are expected to
significantly augment demand for switchgears in the region over the next five
years.
According to “GCC
Switchgear Market By Type, By End User, Competition Forecast and Opportunities,
2011 – 2021”, the switchgear
market in GCC is projected to grow at a CAGR of over 6% during 2016 - 2021. On
the basis of product type, the market has been segmented into three categories,
low voltage (up to 1 kV); medium voltage (1.1 kV to 40 kV); & high voltage
(above 40 kV). Among these categories, low voltage (up to 1 kV) segment
dominated the overall GCC switchgear market in 2015. The segment is anticipated
to maintain its dominance over the next five years as low voltage switchgears are
cheaper as compared to medium and high voltage switchgears and majority of the
consumers are residential users. Few of the leading players operating in the GCC
switchgear market include ABB Electrical Industries Co. Ltd., Schneider
Electric, and General Electric, among others. “GCC Switchgear Market By Type, By End User, Competition Forecast
and Opportunities, 2011 – 2021” discusses the following aspects
related to switchgear market in the
GCC region:
- GCC
Switchgear Market Size, Share & Forecast
- Segmental
Analysis – By Type (Low Voltage (Up to 1
kV); Medium Voltage (1.1 kV to 40 kV); & High Voltage (Above 40 kV)), and By
End Use (Utilities, Residential, Industrial & Others)
- Regional Analysis – Saudi Arabia, the UAE, Kuwait, Qatar,
Oman & Bahrain
- Policy
& Regulatory Landscape
- Changing
Market Trends & Emerging Opportunities
- Competitive
Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of the
GCC switchgear market
- To identify the on-going trends, and
anticipated growth over the next five years
- To help industry consultants, major
players and new entrepreneurs align their market-centric strategies
- To obtain research-based business
decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading
market players
- To avail 10% customization in the report
without any extra charges and get research data or trends added in the report
as per the buyer’s specific needs
Report Methodology
The
information contained in this report is based upon both primary and secondary
sources. Primary research included interviews with
switchgear companies, manufacturers and suppliers, and other stakeholders in
GCC countries. Secondary research included an exhaustive search of
relevant publications like company annual reports, financial reports and other
proprietary databases.