According to MarkNtel Advisors’ research report “GCC Switchgear Market Analysis, 2020”, the GCC Switchgear market is anticipated to grow at a substantial CAGR during 2020-25. Based on Voltage, Medium Voltage acquired the substantial market share in 2019. Middle voltage is majorly used for power distribution in commercial and industrial plants. The ongoing rapid industrialization, escalating government funding in sub-station automation and smart grids apart from construction of new power plants and expansion in the grid network to avoid any disruption in the power supply. Thus, this is anticipated to fuel the demand for Switchgear in the coming years.
Get a free sample report: https://www.marknteladvisors.com/query/request-sample/gcc-switchgear-market.html
Key questions answered in the study:
- What are the current and future trends of the Switchgear industry?
- How the industry has been evolving in terms of end-user demand and application areas?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the Switchgear industry?
- What is the customer orientation, purchase behaviour, and expectations from the Switchgear firms across various regions?
“GCC Switchgear Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Switchgear providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor’s capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings
Saudi Arabia Grabbed the Majority Market Share
Saudi Arabia captured the largest market share in the GCC switchgear market in 2019 followed by UAE, Kuwait, Qatar, Oman, and Bahrain. The country power generation capacity is the largest among other GCC countries. Moreover, perennial growth in construction and development activities, introduction of various renewable power generation projects by the government along with snowballing development in refinery and petrochemical processing infrastructure and desalination plant which is strongly contributing towards the growth of Switchgear market in the coming period as stated in MarkNtel Advisors’ research report “GCC Switchgear Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the GCC Switchgear market include ABB Electrical Industries Co. Ltd., Siemens Saudi Arabia, Al-Kiyumi Switchgear Co. LLC, Al Hassan Switchgear Manufacturing Company L.L.C, Majan Switchgear Co. LLC., Jyoti Sohar Switchgear LLC, Qatari German Switchgear Company W.L.L., Arabian Gulf Switchgear, Schneider Electric Gulf, GEDAC Electric, Al Nisf Electrical Company, Musaid Switch Gear Factory Company Ltd, The International Electrical Products Company (TIEPCO), Wahah Electric Supply Company of Saudi Arabia Ltd. (WESCOSA), Alfanar Electric Company, Voltamp Switchgear Co. W.L.L, Al-Ahlehia Switchgear, Connect Switchgear, Bahrain Switchgear & Lighting Industries