UAE Switchgear Market to Reach USD 1.35 Bn by 2022, Expects 6Wresearch in Its In-demand Report Now Available at MarketPublishers.com
02 Dec 2016 • by Natalie Aster
LONDON – The expansion of power infrastructure on the back of rising demand for electricity in the residential, commercial, and industrial sectors is likely be the key force driving the UAE market for switchgears. Further, government incentives to boost the non-oil share by actively pouring funds in the real property, lodging, retail, and manufacturing domains will likely play a huge role in the market growth and expansion.
The value of the UAE switchgear sector is poised to stand at USD 1.35 billion by 2022-end. The evolution of smart grids and setup of nuclear and solar generating stations will likely give a boost to the market for switchgears in the offing. The power utility segment captured the lion’s revenue share of the country’s switchgear market. In the next six years, the industrial and commercial segments will likely witness healthy growth in the marketplace. The national switchgear market is led by air insulated switchgear solutions owing to mass infrastructure activities and expanding commercial operations.
With respect to verticals, power utilities grab the major share in the total UAE switchgear market. Commercial, industrial, and residential are also major revenue generating segments.
In-demand research report “UAE Switchgear Market (2016-2022)” elaborated by 6Wresearch offers a comprehensive guide to the market on a country level, categorising it based on product type, voltage, vertical, and by geographic regions. The report provides unbiased and granular analysis of the current market trends, opportunities and high growth areas, and carefully examines the market growth restraints and drivers. The study looks at the competitive environment and profiles the top 9 players. Historical data and actual market size & forecast figures, by revenue and volume, are presented from 2010 till 2022.
Firms profiled include: General Electric Company, ABB Ltd., Hyosung Corporation, Schneider Electric SE, Hitachi, Ltd., Siemens AG, Toshiba Corporation, Larsen & Toubro Limited, and Eaton Corporation Plc.
More cutting-edge market research reports by 6Wresearch are available at its page.