The medium voltage (MV) switchgear market in Saudi Arabia, South Africa, and Egypt has been witnessing significant growth in recent years. The market is expected to grow further in the coming years, driven by the increasing demand for energy and the growth of industrial and commercial sectors in these countries.
According to market research, the Middle East and Africa AIS medium voltage switchgear market size was valued at USD 1.52 billion in 2019 and is expected to reach USD 2.09 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period (2020-2027).
In Saudi Arabia, the medium voltage switchgear market is experiencing steady growth due to the increasing demand for electricity in the country. The Saudi Arabian government is investing heavily in developing the energy sector, which is driving the growth of medium voltage switchgear market in the country.
Similarly, South Africa's medium voltage switchgear market is also witnessing growth due to the expansion of the industrial and commercial sectors in the country. The government is also investing heavily in renewable energy projects, which is driving the demand for medium voltage switchgear in the country.
Egypt is also experiencing growth in the medium voltage switchgear market due to the increasing demand for electricity in the country. The government is investing in the energy sector to meet the growing demand for electricity, which is driving the demand for medium voltage switchgear in the country.
In terms of segmentation, the AIS primary and AIS secondary segments are expected to dominate the market during the forecast period, owing to their wide applications in various industries such as utilities, generation, and industry.
Seven Stars, a national high-tech enterprise dedicated to the R&D and production of electrical insulation products and high-voltage transmission and distribution products, is one of the key players in the medium voltage switchgear market in these countries. The company offers a wide range of products such as ring network cabinets, cable branch boxes, high and low voltage complete sets of equipment, electric clairvoyance, cable joints, cold shrinkable cable accessories, insulators, and lightning arresters.
In conclusion, the medium voltage switchgear market in Saudi Arabia, South Africa, and Egypt is expected to witness steady growth in the coming years, driven by the increasing demand for energy and the growth of industrial and commercial sectors. The market is dominated by companies such as Seven Stars, which are offering a wide range of products to meet the growing demand for medium voltage switchgear in these countries.