Strategic Analysis of the Gulf Cooperation Council Medium-Voltage Switchgear Market

This Frost & Sullivan research service titled Strategic Analysis of the Gulf Cooperation Council Medium-Voltage Switchgear Market provides detailed analysis and insights of market dynamics, trends, market shares, and forecasts for the three medium voltage (MV) switchgear product segments: indoor switchgears, outdoor switchgears and ring main units. In this research, Frost & Sullivan's expert analysts thoroughly examine the following geographical markets: The Kingdom of Saudi Arabia, The United Arab Emirates, Qatar, Kuwait, Oman and Bahrain.

This analysis is available through our Energy & Power Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services programme ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth. For more information on this custom subscription service, please click here.

Market Overview

Higher Investments in the Power Industry Bodes Well for the MV Switchgear Market in the GCC

Infrastructure Development to Provide Further Impetus to Market Growth

The MV switchgear market in Gulf Cooperation Council (GCC) has evolved over the years with the emergence of local participants. Although the traditional global players still hold the majority of market share, local manufacturers have gained technological expertise to surface as important regional suppliers. It was only a matter of time before domestic companies came under the spotlight, considering the double digit growth in the demand for electricity from in almost all GCC countries. As there is no sign of let up in demand, GCC countries are aggressively spending on their power sector to improve their generation capacity. This will infuse funds into the transmission and distribution (T&D) segment, which, in turn, will increase the adoption of MV switchgears.

Further, the GCC grid interconnection project and continued expansion of the oil & gas sector are also expected to indirectly drive the MV switchgears market. “Infrastructure development and continuous investment in industries will ensure that this market continues to grow at a healthy rate,” says the analyst of this research. “Further, the upcoming 2022 FIFA World Cup in Qatar will attract investors to infrastructure and construction, which will directly propel the market.”

However, despite the market potential, suppliers’ margins have narrowed due to the rise in raw material (metals) costs and stiff competition among manufacturers. Delays in the execution stages, which result in a long gestation periods during the equipment supply stage, and high lead time for sub-components have also restrained the growth of the market to some extent. As the sub-suppliers are usually overbooked with orders, manufacturers are hard pressed to reduce lead times. “To reduce costs and lead time, many multinational companies are trying to source their products from sourcing opportunity areas such as Eastern Europe and Asia,” notes the analyst. “Many have also signed joint ventures with local panel manufacturers to reduce their production costs and make the most of the opportunities in the GCC MV switchgear market.”

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

• Indoor switchgears
• Outdoor switchgears
• Ring main units

Frost & Sullivan Growth Partnership Services

Frost & Sullivan's Growth Partnership Services empower companies to accelerate their growth by achieving top-line improvements and bottom-line results. This is accomplished by helping our clients execute successful growth strategies and providing their Growth Teams™ with the skills, know-how, and tools to generate growth opportunities, evaluate these opportunities to create a growth pipeline, and implement a growth strategy to deliver measurable business results.

Our growth solutions support the entire growth process:

TEAM Research is a program that furnishes clients with access to market research, competitive intelligence, financial benchmarking, and market strategies and analysis, and provides access to industry experts to aid in generating growth opportunities.

Growth Consulting Services unite clients with our industry experts to evaluate opportunities and develop customized strategies and business plans to drive top-line revenue and margin growth.

Growth Team Membership™ is a career-focused offering that was developed to address the unique challenges that senior executives face when implementing strategies to achieve aggressive corporate growth targets.