According to the research report titled ‘GCC Switchgear Market Analysis, 2020’, available with Market Study Report, GCC switchgear market is predicted to record a CAGR of 5% over 2020-2025.
 

Shifting preferences towards renewable energy incorporation across transmission and distribution networks, soaring demand for energy effective systems, and inclination towards integration of smart meter are propelling the growth of GCC switchgear industry.
 

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The research literature on GCC switchgear market covers all important factors such as driving forces, challenges, and opportunities that majorly impact the business scenario. It also evaluates the past and present business data to determine the growth rate of the market.
 

Moving further, the document assesses this business domain, highlighting market segments such as insulation type, installation type, voltage type, end user scope, and regional landscape. The study also mentions the competitive arena along with company profile and product portfolio.

For those unversed, switchgear is a combination of switches, fuses, and circuit breakers which work to isolate, control, and protect electrical equipment or gears from defective condition.
 

Growing population, rising retrofitting of transmission lines projects, and escalating investment in development of transportation infrastructure are further augmenting worldwide GCC switchgear industry share. In addition, expanding transmission and distribution networks coupled with mounting demand for monitoring and control systems across power grid networks are impelling the market remuneration.
 

Based on insulation type, GCC switchgear industry is segmented into oil insulated switchgear, air insulated switchgear, and gas insulated switchgear. As per installation, the industry is classified into outdoor and indoor.
 

Speaking of voltage type, the market is categorized into high, medium, and low. Out of these, medium voltage segment held large share of GCC switchgear market in 2019, attributable to growing investments in non-oil & gas sector by top GCC economies including Qatar, Saudi Arabia, and UAE.
 

Moreover, factors such as surging demand for medium voltage switchgear in utility, industrial, and commercial applications to safeguard and control electrical equipment, establishing nuclear power plants, and increasing expenditure on development of smart grids & public as well as transportation infrastructure like metros, airports, etc. are stimulating the segmental share.
 

With respect to end user scope, the market is divided into residential, commercial, industrial, and T&D utility.
 

Major companies operating in GCC switchgear industry sphere are Al Ahelia Switchgear Co., Alfanar, Eaton Corporation, Schneider Electric, Mitsubishi Electric, Fuji Electric, Siemens AG, ABB Ltd., Hitachi Global, and General Electric.