Press release
UAE Switchgear Market Size to Grow by US$ 2.0 Billion from 2023-2028,Growth Rate (CAGR) of 4.9%
IMARC Group, a leading market research company, has recently releases report titled "UAE Switchgear Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the UAE switchgear market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.How Big is the UAE Switchgear Market?
The UAE switchgear market size reached US$ 1.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
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A switchgear is a combination of various electrical components, such as switches, fuses, circuit breakers, isolators, relays, indicating instruments, and lightning arresters. It is cost-effective, highly reliable, and assists in offering safety and energy efficiency in electrical networks. It controls, monitors, protects, and regulates electrical circuits in the power transmission and distribution systems. It aids in handling abnormal electrical faults in voltage networks and controlling power distribution on a large scale. As it aids in reducing the damage to a system by interrupting the power flow, the demand for switchgear is rising in the UAE region.
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What are the growth prospects and trends in the UAE switchgear industry?
At present, the rising infrastructural development and smart grid projects represent one of the primary factors strengthening the market growth in the UAE region. Apart from this, the growing employment of switchgears to lower electric failures and power blackouts is offering a positive market outlook.
In addition, the rising demand for energy in the residential and commercial sectors to operate various electrical appliances is propelling the growth of the market in the region. Moreover, governing agencies in the UAE are encouraging the adoption of renewable energy sources to decrease carbon emissions, which is bolstering the growth of the market.
Furthermore, the rising utilization of switchgears, as they minimize downtime while keeping the power system running, is contributing to the growth of the market in the region.
UAE Switchgear Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has segmented the market on the basis of region, voltage type, insulation, installation and end use.
Breakup by Voltage Type:
• Low-Voltage
• Medium-Voltage
• High-Voltage
Breakup by Insulation:
• Gas Insulated Switchgear (GIS)
• Air Insulated Switchgear (AIS)
• Others
Breakup by Installation:
• Indoor
• Outdoor
Breakup by End Use:
• Commercial
• Residential
• Industrial
Breakup by Emirates:
• Abu Dhabi
• Dubai
• Sharjah
• Others
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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