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Saudi Arabia Medium Voltage Switchgear Market Insights, Trends Sales, Supply, Demand 2019-2026

Dec 4th 2019 at 5:43 AM

Medium voltage switchgear is a type of switchgear which is a crucial part of the power network. Switchgear consists of a combination of disconnect switches, fuses or circuit breakers which are used to control, regulate, meter and protect electric generation, transmission and distribution equipment. Voltage ranging from 3.6 KV to 40.5 KV is labeled as Medium Voltage Switchgear. With growing operational experience, switchgear design and optimization parameters changed significantly to energize or de-energize electrical equipment, as per the requirement. Medium voltage switchgear can detect any sort of variation from the norm in the flow stream, for example, overcurrent, hamper some other flaw in the system, and consequently switch off the power stream. Medium voltage switchgear is majorly used for power distribution, particularly in commercial buildings and industrial plants.

Major factors such as growth in switchgear installations across residential, utilities and large-scale industries, diversified Product portfolio, increasing demand for electricity coupled with replacement of aging switchgear. Rising demand for effective, secure and reliable power distribution networks are further fuelling the market growth. In addition, commercial expansion and government efforts to upgrade and modernize power distribution will gain traction for 9 to 15kV MV switchgear during the forecast period. Rising awareness, lower competence from other insulation technologies and higher demand for circuit protection devices are also spurring the growth of the market. However, rising raw material prices and maintenance are expected to hamper the growth of the market.

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The government of Saudi Arabia is focusing on providing adequate power infrastructure and efficient quality of power. Accordingly, the Saudi Arabian power sector is witnessing significant growth in power sectors over the coming years. For instance: Saudi Arabia intends to delicate 11 PV power ventures with a joined limit of 2,225 MW this year. Also, Saudi Arabia is encountering a substantial development in construction, industrial development and expansion of manufacturing sectors. Such advancements will further surge the electricity demand and thus impact the market growth of medium voltage switchgear.

Various notable players operating in the market, include First ABB Ltd., Al Ahelia Switchgear Co., Alfanar Group, Eaton Corporation Plc., General Electric Company, Hager Middle East, Larsen & Toubro Limited, Legrand, Schneider Electric SE, Siemens AG among others.

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Key questions answered in this research report:

· At what pace is Saudi Arabia Medium Voltage Switchgear market growing? What will be the Saudi Medium Voltage Switchgear market forecast?

· What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?

· What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Saudi Medium Voltage Switchgear and market size?

· Saudi Arabia Medium Voltage Switchgear market outlook, application areas and how they are poised to grow?

· Saudi Arabia Medium Voltage Switchgear market overview, industry analysis and scope of study?

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