EGYPT HIGH VOLTAGE SWITCHGEAR MARKET

Egypt high voltage switchgear market is anticipated to experience strong CAGR in the forecast years fueled by supportive government policies along with growing energy consumption.

Major Market Drivers and Emerging Trends

Egypt high voltage switchgear market size expansion is significantly fueled by the plan from the government to boost the electricity generation capacity in the country which has resulted in the electrical transmission and distribution system expansion that drives demand for switchgear. The government also launched initiatives to diversify the economy along with boosting investment in infrastructure projects like the Suez Canal Corridor and New Administrative Capital City that will generate further demand for switchgear.

The increasing focus on renewable energy initiatives has also opened up new possibilities for switchgear manufacturers. The government has implemented various policies alongside initiated programs aimed at promoting renewable energy sources including solar and wind power. The Integrated Sustainable Energy Strategy underscores plan to increase its renewable energy generation to forty two percent by 2035.

 A key policy that has been implemented is the Feed-in Tariff program designed to boost the amount attributed to renewable sources in the overall energy mix. The program allows the government to support investors in renewable energy initiatives with incentives and commits to buying their energy output at fixed rates over a specified timeframe. The Net Metering program is another scheme implemented by the Egyptian government aimed at increasing the renewable source’s role within the energy mix. This initiative permits home and business owners to sell any surplus energy produced by their wind turbines or solar panels to the grid.

In response to various load and energy growth scenarios, a strategic approach has been established for upcoming generation projects including the Luxor power plant which will boast a capacity of 2250 MW and be carried out by ACWA Power using a BOO model. Additionally, with the recent drop in costs for renewable energies, an agreement was reached with the investor of the Oyoun Moussa coal project to convert it into two renewable energy projects which are wind and solar with a total capacity of 750 MW under a BOO system.

The increase in Egypt high voltage switchgear market can also be driven by the increasing energy consumption which is fueled by rising temperatures, transportation system development along with industrialization. Moreover, industrial applications require a consistent power supply that is free from outages or fluctuations to ensure safety and dependability across various functional units. Companies are making significant investments in research and development to create smart solutions that facilitate remote monitoring along with predictive maintenance for switchgear which enhances efficiency and minimizes downtime. This trend is leading companies to harness data-driven technologies, where data obtained during power transmission can help forecast power outages or fluctuations which contribute to energy savings and lower emissions.

The market can be segmented based on the type into Air-Insulated and Gas-Insulated Switchgear. Gas-based insulation is getting traction as it is usually installed in locations that have restricted space or that are subject to high pollution concentrations. Its small footprint and robust design safeguard it from environmental damage which contributes to a longer operational life. The low potential for explosion and oil leaks along with lower operational expenses makes it a popular option for end users. Its compact design also presents a significant advantage as it helps utilities to efficiently utilize space in crowded areas. This approach is essential for contemporary power supply networks which must balance growing energy capacity with reduced physical infrastructure.

The market can be divided based on the installation into indoor and outdoor which depends on the power system’s requirements. Switchgear that operates at medium to high voltages is typically installed outdoors while those with lower levels are usually set up indoors to allow for easier maintenance.

Top market Players:

Several prominent firms in the market are ABB, Schneider Electric, among others. These firms hold a substantial market presence and provide various switchgear products. Schneider Electric is particularly notable in the market because of its broad product range and commitment to innovation.

Segments covered in the Report:

The Egypt High Voltage Switchgear Market has been segmented on the basis of Type, Voltage and Installation. Based on the type, the market is segmented into air-insulated switchgear (AIS), gas-insulated switchgear (GIS). Based on the Voltage, the market is segmented into 42-150 V, 150-250 kV, above 250 kV. Based on the installation, the market is segmented into indoor, outdoor.

Market Segmentation

Egypt High Voltage Switchgears Market by Type

• • Air-Insulated Switchgear (AIS)
  • Gas-Insulated Switchgear (GIS)

Egypt High Voltage Switchgears Market by Voltage

• • 42-150 V
  • 150 -250kV
  • Above 250kV

Egypt High Voltage Switchgears Market by Installation

• • Indoor
  • Outdoor

Egypt High Voltage Switchgears Market Leading players (Option 1: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Schneider Electric