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UNDER THE PATRONAGE OF HIS HIGHNESS SHEIKH KHALED BIN MOHAMED BIN ZAYED AL NAHYAN CROWN PRINCE OF ABU DHABI AND CHAIRMAN OF THE ABU DHABI EXECUTIVE COUNCIL

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Key Trends In Sales Landscape: Evolving HV Market In KSA

Switchgear ensures safe, efficient operation of electrical systems, linking power generation, transmission, and distribution. The MEA HV switchgear market is projected to grow at a CAGR of 8.12% by 2030, with KSA leading at a CAGR of 8.57%

Wednesday, 05 June 2024

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Key Trends Ptr

Switchgear plays a critical role in the energy industry by ensuring the safe and efficient operation of electrical power systems. Acting as a crucial link between power generation, transmission, and distribution, switchgear is responsible for controlling, protecting, and isolating electrical equipment and circuits.

The HV switchgear market of the Middle East and Africa (MEA) was at USD 4.25 billion at the end of 2022 and is expected to grow at an impressive CAGR of 8.12% from 2023 to 2030. KSA holds the greater share of the HV switchgear market, which was at USD 1.3 billion in 2022 and is expected to grow at a high CAGR of 8.57% from 203 to 2030. This article explores the key trends, market dynamics, and future considerations for the HV switchgear industry in KSA.

INSIGHT PREPARED BY OUR KNOWLEDGE PARTNER: Power Technology Research (PTR)