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The GCC Medium and High Voltage Switchgears Market : Opportunity Analysis of the Rapidly Growing GCC Market

  • March 2015
  • 68 pages
  • Frost & Sullivan
Report ID: 2795968

Summary

Table of Contents

Key Findings

•The cumulative Gulf Cooperation Council (GCC) market for MV and HV switchgears was worth $ x billion in 2013, with the Kingdom of Saudi Arabia (KSA) contributing the largest share of about x % followed by the United Arab Emirates (UAE) and Qatar. The total MV and HV switchgears market in this region is expected to experience a compound annual growth rate (CAGR) of x % between 2013 and 2020.
•The GCC MV switchgears market was worth $ x billion in 2013, whereas, the GCC HV switchgears market was valued at $ x billion the same year.
•The top five MV and HV switchgears market participants contributed slightly over x % of the total revenue in 2013. ABB led the competition, with a market share of x % the same year followed by Siemens, Alstom Grid, and Hyundai with shares of x %, x %, and x %, respectively.
•Utilities and oil and gas (O&G) were the two major end-user segments contributing about x % and x %, respectively, of the total MV and HV switchgears market revenue.
•Qatar and the UAE are expected to be the fastest growing markets with CAGRs of x % and x %, respectively, from 2013 to 2020.
•Market conditions are currently healthy with increased investment expected in the power, O&G, infrastructure, and construction sectors over the forecast period.
•Prices of both copper and steel dropped marginally in 2013 and 2014 and this is expected to bring down the cost of switchgears marginally.
•However, this decrease could be nullified by the increasing cost in labour and transport depending on the country of manufacture in the region.
•Increase in the electricity installed capacity of the GCC countries and rising demand for electrical energy to power growing industrial and commercial sectors are driving the demand for switchgears.

CEO’s Perspective

The GCC MV and HV switchgears market is expected to generate an all-time high revenue during the forecast period due to huge investment in infrastructure and utilities.
MV and HV switchgear suppliers need to reconsider their pricing strategy on the backdrop of the recent drop in raw material prices.
MV and HV switchgear suppliers from APAC are expected to work toward establishing a stronger presence in the Middle East.
The EPC companies/panel builders/system integrators are expected to remain the leading sales channel over the forecast period.
The KSA and UAE combined are expected to account for x % revenue by 2020.

Definitions

•A switchgear is a combination of electrical disconnect switches, fuses, or circuit breakers used to control, protect, and isolate electrical equipment. It is used to de-energize equipment to allow work to be done as well as to clear faults downstream.
•A gas insulated switchgear (GIS) includes components of a substation within a metal enclosure that is filled with high-insulation gas (SF6) and connected to the ground. The components of a switchgear typically include a circuit breaker, disconnecting switches, earthing switches, and peripheral devices (for example, current transformer, voltage transformer, and lightning arrester).
•An air insulated switchgear (AIS) uses compressed air (puff) or the magnetic force of the arc itself to elongate it.

Key Questions This Study Will Answer

What is the current market situation and at what rate will the market grow?
What are the factors influencing the growth of the GCC MV and HV switchgears market and to what extent do they have an impact?
What are the factors influencing the growth of the segments of MV and HV switchgears markets? Which are the segments with a high level of market activity and which are still in the development stage?
At a regional level, which countries will offer the best growth opportunities in the future?
Which are the key participants in the regional markets?

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