MarkNtel GCC Switchgear Market Analysis-2020

GCC Switchgear
Market Analysis, 2020
marknteladvisors.com
Document Outline
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope of Work
Research Process & Methodology

Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research 14
Methodology, Forecasting
Sample Pages 22
GCC Switchgear Market Analysis, 2020
Commercials 48
Disclaimer 50
Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 2

Market Segmentation
GCC Switchgear Market Segmentation
By Insulation By Installation By End-User By Voltage By Country By Company
• Gas Insulated • Indoor • Transmission & • Low • UAE • General Electric

• Hitachi
Switchgear • Outdoor Distribution • Medium • Saudi Arabia
• ABB
• Air Insulated Utility • High • Oman • Siemens
Switchgear • Industrial • Qatar • Fuji Electrics

• Mitsubishi
• Oil Insulated • Commercial • Bahrain
• Schneider
Switchgear • Residential • Kuwait • Eaton
• Vacuum Insulated • Alfanar

• Al Ahelia Switchgear Co.
Switchgear
• Hyosung
• Majan Switchgear Co.
L.L.C.
• Al-Kiyumi Switchgear Co.
LLC
• Bahrain Switchgear &
Lighting Industries
• Al Hassan LLC

Historical Year: 2015
Base Year: 2019
Table of Content (1/7) Forecast Year: 2025
Table of Content
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Impact of COVID-19 on GCC Switchgear Market
4. Expert Verbatim-Interview Excerpts of industry experts
5. GCC Switchgear Market Outlook, 2015-2025F
5.1. Market Size & Analysis
5.1.1. By Revenues & Units Sold
5.2. Market Share & Analysis
5.2.1. By Insulation
5.2.1.1. Gas Insulated Switchgear
5.2.1.2. Air Insulated Switchgear
5.2.1.3. Oil Insulated Switchgear
5.2.1.4. Vacuum Insulated Switchgear
5.2.2. By Installation

Base Year: 2019
Table of Content
5.2.2.1. Indoor
5.2.2.2. Outdoor
5.2.3. By Voltage
5.2.3.1. Low
5.2.3.2. Medium
5.2.3.3. High
5.2.4. By End User
5.2.4.1. Transmission & Distribution Utility
5.2.4.2. Industrial
5.2.4.3. Commercial
5.2.4.4. Residential
5.2.5. By Region
5.2.5.1. UAE
5.2.5.2. Saudi Arabia
5.2.5.3. Oman
5.2.5.4. Qatar
5.2.5.5. Bahrain
5.2.5.6. Kuwait

Base Year: 2019
Table of Content
5.2.6. By Company
5.2.6.1. Revenue Shares
5.2.6.2. Strategic Factorial Indexing
5.2.6.3. Competitor Placement in MarkNtel Quadrant
5.3. Market Attractiveness Index
5.3.3. By Voltage
5.3.4. By End User
5.3.5. By Region
6. UAE Switchgear Market Outlook, 2015-2025F
6.2.3. By Voltage
6.2.4. By End User

Base Year: 2019
Table of Content
7. Saudi Arabia Switchgear Market Outlook, 2015-2025F
7.2.3. By Voltage
7.2.4. By End User
8. Oman Switchgear Market Outlook, 2015-2025F
8.2.3. By Voltage
8.2.4. By End User
9. Qatar Switchgear Market Outlook, 2015-2025F

Base Year: 2019
Table of Content
9.2.3. By Voltage
9.2.4. By End User
10. Bahrain Switchgear Market Outlook, 2015-2025F
10.2.3. By Voltage
10.2.4. By End User
11. Kuwait Switchgear Market Outlook, 2015-2025F

Base Year: 2019
Table of Content
11.2.3. By Voltage
11.2.4. By End User
12. Global Switchgear Market Policies, Regulations, Product Standards
13. Global Switchgear Market Trends & Insights
14. Global Switchgear Market Dynamics
14.1. Growth Drivers
14.2. Challenges
14.3. Impact Analysis
15. Global Switchgear Market Hotspot and Opportunities
16. Global Switchgear Market Key Strategic Imperatives for Success and Growth
17. Competitive Outlook
17.1. Competition Matrix
17.1.1. Product Portfolio
17.1.2. Target Markets
17.1.3. Target End User
17.1.4. Research & Development

Base Year: 2019
Table of Content
17.1.5. Strategic Alliances
17.1.6. Strategic Initiatives
17.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/
Partnerships, Future Plans)
17.2.1. General Electric
17.2.2. Hitachi
17.2.3. ABB
17.2.4. Siemens
17.2.5. Fuji Electrics
17.2.6. Mitsubishi
17.2.7. Schneider
17.2.8. Eaton
17.2.9. Alfanar
17.2.10. Al Ahelia Switchgear Co.
17.2.11. Al-Kiyumi Switchgear Co. LLC
17.2.12. Bahrain Switchgear & Lighting Industries
17.2.13. AL HASSAN LLC
17.2.14. Al Ahelia Switchgear Co.
18. Disclaimer

Document Outline
Introduction
02
About Us, Key Questions Answered In This Study
Table of Content 05
Market Segmentation, Scope Of Work
Research Process & Methodology

Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research 14
Methodology, Forecasting
Sample Pages 22
GCC Switchgear Market Analysis, 2020
Commercials 48
Disclaimer 50

GCC Switchgear Market Outlook, 2015-2025F
Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

GCC Switchgear Market Outlook, By Revenues & Units Sold
Figure XX: GCC Switchgear Market Revenues (USD Million) & Units Sold (Thousand Units), 2015 - 2025F
Revenue: XX% Revenue: XX%
CAGR
Units Sold : XX% Units Sold : XX%
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Revenue (USD Million) Units Sold (Thousand)
Source: MarkNtel Advisors
• The GCC switchgear market is soaring over the past few years owing to the construction of petrochemical facilities and government
initiatives to decline dependency on the oil industry. This diversification drive has translated into huge government investment to enhance
public infrastructure in the Gulf countries, particularly UAE and Saudi Arabia during 2016-19. Moreover, the introduction of smart
switchgear coupled with increasing demand for energy-efficient management solutions also driving the switchgear demand, hence the
GCC switchgear market has been experiencing positive growth over the last couple of years.
• The outbreak of COVID-19 triggered the situation of lockdown in the region, thus work on several construction sites has been suspended,
Moreover, lockdowns in China and India has negatively impacted the crude earnings of the countries in GCC region. Therefore, the
Governments’ investments in construction would register a subdued growth. Eventually, the switchgear market in the GCC region would

GCC Switchgear Market Revenue Share, By Insulation
Figure XX: GCC Switchgear Market Revenue Share (%), By Insulation, 2019 & 2025F
Gas Insulated Switchgear
Air Insulated Switchgear

2019 2025F
Oil Insulated Switchgear
Vacuum Insulated Switchgear
*These are dummy charts and do not represent actual value Source: MarkNtel Advisors
• Gas Insulated Switchgear: The compactness of gas-insulated switchgear enables underground, hybrid, indoor, and outdoor installation,
this is among the major market drivers of gas-insulated switchgear in GCC.
• The demand for gas-insulated switchgear is generating for the transmission and distribution of electricity in the Gulf countries. However,
the high cost of gas-insulated switchgear in comparison to air-insulated has been restricting the segment to grow through 2015.
• The government focus to improve electricity transmission and distribution reliability, increase energy efficiency, and achieve renewable
energy objective, etc. is rising the adoption of smart grid strategy over the past few years. This rolling out several smart grid projects,
which in turn translated into an increased demand for gas insulated switchgear would soar in the region by 2025.

GCC Switchgear Market Revenue Share, By Installation
Figure XX: GCC Switchgear Market Revenue Share (%), By Installation, 2015 - 2025F
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Indoor Outdoor
• The indoor installation has been rising over the couple few years due to several characteristics. The indoor installation is more secure,
requires less space, easy maintenance, and requires less cost for operation, etc. are some properties that influence the end-users to adopt
indoor deployment of switchgear in the GCC region. However, the high installation cost associated with indoor, shift consumers'
preference towards outdoor deployment since 2015.
• The governments in GCC countries provide a subsidy on electricity, which leads to higher electricity consumption in the region. To
minimize the gap in demand and supply, the governments have planned to establish additional power plant over the past few years.
Consequently, the demand for indoor installation of switchgear would soar in the forthcoming years.

GCC Switchgear Market Size, By Voltage
Figure XX: GCC Switchgear Market Size (USD Million), By Voltage, 2019 & 2025F
2019 2025F
High High
Medium Medium
Low Low
• Low: Low voltage switchgear segment is expected to account for a maximum share in the GCC switchgear market. Low voltage switchgear
majorly finds application in the residential sector and the availability of low voltage switchgear at less price comparison to medium and
high attracts residential end-users to choose low voltage switchgear. Therefore, it is anticipated that the segment would experience a
rising trend in the coming years.
• The supply of residential units in Riyadh and Jeddah remains vigorous due to government focus for rising residential ownership to 60% by
2020 and 70% by 2030. In the 1st quarter of 2020, about 1800 residential units have delivered in Jeddah and 7500 units in Riyadh, and
more units would supply over the next 5 years. With the surging number of residential units, the demand for low voltage switchgear would
escalate during the forecast years.

GCC Switchgear Market Revenue Share, By End User
Figure XX: GCC Switchgear Market Revenue Share (%), By End User, 2019 & 2025F
• Commercial: UAE, Saudi Arabia, and Qatar

T&D Utility are the main geographies driving the
commercial segment in the region. The
2019 2025
announcement of the Public-Private
XX% XX%
Partnership (PPP) program to construct
public infrastructure in Qatar is flourishing
the pipeline of construction projects and
surging the switchgear sales in Qatar.
Industrial Residential Therefore, the market revenue of the
2019:
commercial segment is projected to soar by
2019 2025 USD XX 2019 2025
2025. The construction activity is set to
XX% XX% Million XX% XX%
resume with full force in 2021, as the
impact of COVID-19 would be marginalized
and preparation for Football World Cup
would gain momentum
Commercial • Industrial: The number of desalination
facilities has been increasing in the GCC,
2019 2025 particularly in UAE, Saudi Arabia, and
XX% XX%
Oman to surge the per day production of
desalinated water. This propels the
Source: demand
MarkNtel Advisors

GCC Switchgear Market Revenue Share, By Region
Figure XX: GCC Switchgear Market Revenue Share (%), By Region, 2019 & 2025F
CAGR
Country 2019 2025F
(2020-25)
Kuwait UAE XX% XX% XX%
Saudi
Bahrain XX% XX% XX%
Arabia
Qatar
Saudi Arabia
UAE Oman XX% XX% XX%
Oman
Qatar XX% XX% XX%
Kuwait XX% XX% XX%
Bahrain XX% XX% XX%

UAE Market Outlook, 2015-2025F
Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

UAE Switchgear Market Outlook, By Revenues & Units Sold
Figure XX: UAE Switchgear Market Revenues (USD Million) & Units Sold (Thousand Units), 2015 - 2025F
Revenue: XX% Revenue: XX%
CAGR
Units Sold : XX% Units Sold : XX%
CAGR
2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Revenue (USD Million) Units Sold (Thousand) Source: MarkNtel Advisors
• UAE is among the major countries that are driving the GCC switchgear market over the past few years. The UAE government has
announced “Energy Strategy 2050” to augment the clean energy share in electricity generation capacity to 50% by 2050. The development
of solar and nuclear power plants under energy strategy has been mounting the demand for switchgear in the country. The country has
reduced its dependence upon crude earnings to 30% of its GDP in 2019. However, COVID-19 has brought a halt in the construction
activities for a short duration.
• The government vision to increase tourism in the UAE would generate additional demand for switchgear. The government launched the
“Dubai tourism strategy 2020” to lure 20 million visitors each year after 2020 and “Sharjah Tourism Vision 2021” intending to attract
above 10 million visitors every year by 2021. These are among the key factors that mount the construction of infrastructure such as hotels,

UAE Switchgear Market Revenue Share & Market Size, By Insulation
Figure XX: UAE Switchgear Market Revenue Share (%), By Insulation, 2019 & 2025F
Gas Insulated Switchgear
Air Insulated Switchgear

2019 2025F
Oil Insulated Switchgear
Vacuum Insulated Switchgear
Insulation 2019 2025F CAGR (2020-25)
Gas Insulated Switchgear XX XX XX%
Air Insulated Switchgear XX XX XX%
Oil Insulated Switchgear XX XX XX%
Vacuum Insulated Switchgear XX XX XX%

UAE Switchgear Market Revenue Share & Market Size, By Installation
Figure XX: UAE Switchgear Market Revenue Share, By Installation, 2015 - 2025F
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Indoor Outdoor
CAGR
Installation 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025F
(2020-25)
Indoor XX XX XX XX XX XX XX XX XX XX XX XX%
Outdoor XX XX XX XX XX XX XX XX XX XX XX XX%

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GCC Switchgear

Market Analysis, 2020

Research Process & Methodology

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 2

GCC Switchgear Market Segmentation

By Insulation By Installation By End-User By Voltage By Country By Company

• Gas Insulated • Indoor • Transmission & • Low • UAE • General Electric

Switchgear • Industrial • Qatar • Fuji Electrics

• Vacuum Insulated • Alfanar

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 3

1.1. Research Process

1.3. Market Segmentation

1.4. Market Definition

3. Impact of COVID-19 on GCC Switchgear Market

4. Expert Verbatim-Interview Excerpts of industry experts

5. GCC Switchgear Market Outlook, 2015-2025F

5.1. Market Size & Analysis

5.1.1. By Revenues & Units Sold

5.2. Market Share & Analysis

5.2.1.1. Gas Insulated Switchgear

5.2.1.2. Air Insulated Switchgear

5.2.1.3. Oil Insulated Switchgear

5.2.1.4. Vacuum Insulated Switchgear

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 4

5.2.4. By End User

5.2.4.1. Transmission & Distribution Utility

5.2.5.2. Saudi Arabia

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 5

5.2.6.1. Revenue Shares

5.2.6.2. Strategic Factorial Indexing

5.2.6.3. Competitor Placement in MarkNtel Quadrant

5.3. Market Attractiveness Index

5.3.4. By End User

6. UAE Switchgear Market Outlook, 2015-2025F

6.1. Market Size & Analysis

6.1.1. By Revenues & Units Sold

6.2. Market Share & Analysis

6.2.4. By End User

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 6

7.1. Market Size & Analysis

7.1.1. By Revenues & Units Sold

7.2. Market Share & Analysis

7.2.4. By End User

8. Oman Switchgear Market Outlook, 2015-2025F

8.1. Market Size & Analysis

8.1.1. By Revenues & Units Sold

8.2. Market Share & Analysis

8.2.4. By End User

9. Qatar Switchgear Market Outlook, 2015-2025F

9.1. Market Size & Analysis

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved. 7

9.2. Market Share & Analysis

9.2.4. By End User

10. Bahrain Switchgear Market Outlook, 2015-2025F

10.1. Market Size & Analysis

10.1.1. By Revenues & Units Sold

10.2. Market Share & Analysis

10.2.4. By End User

11. Kuwait Switchgear Market Outlook, 2015-2025F