Egypt Low Voltage Switchgear Market

Egypt Low Voltage Switchgear Market Overview

The term low voltage switchgear includes low voltage circuit breakers, offload electrical isolators, earth leakage breaker, switches, HRC fuses, miniature circuit breakers (MCB), and molded case circuit breakers (MCCB). The low voltage switchgear mainly consists of three distinct and segregated parts, including the breaker compartment, bus compartment, and cable compartment. The compartmentalization of the switchgear is specially designed to improve the safety, reliability, and serviceability of the switchgear by preventing various accidental situations.

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Major Egypt Low Voltage Switchgear Market Drivers

The major factors that are responsible for driving the growth of the Egypt Low Voltage Switchgear market include the surging demand for electricity generation and the continuous development of industrialization, urbanizations, and reliability of the electrical supply, which depends highly on the performance of the switchgear. Additionally, the increasing production of energy due to the rising demand in the rural and urban areas is another factor that will open new opportunities for the growth of the market over the coming years. With the rising focus on modernization, there has been an upsurge in demand for the reinstallation of electric distribution infrastructure, which in turn, is energizing the demand for low voltage switchgear in the coming years. In addition to this, the increasing private sector investment for the development of power plants in the country, thus driving the market growth.

The Egyptian government has constantly been focusing on accelerating their production capacity of electricity and renewable energy to cope up with the growing demand for electricity among people in the country. In 2017, the Egyptian government planned to upgrade and improve the efficiency of electricity transmission and distribution grids by the conversion of the national grid into a smart grid that can easily accommodate the increased generated capacity. Furthermore, the government launched an EGP 100 million initiative with an objective to provide funding to businesses in the industrial sector as a part of the plan to increase local manufacturing. All these factors will indirectly impact the market, thus surging the demand for low voltage switchgear over the next six years.

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Based on the Protection, the circuit breaker segment is predicted to grow at a faster CAGR over the forecast period. This is mainly due to its ability to reset in line with operational safety pose, which is creating growth potential across networks having regular faults and current outrages. Moreover, the increasing application of these units, particularly across utility-based and industrial installations, will further boost the growth of the segment. The circuit breaker has a low unit cost and quick reaction time as compared to other counterparts. The strong demand for smart control systems is another factor that is responsible for increasing the growth of the segment.

On the basis of product, the fixed mounting segment is anticipated to dominate the market over the next six years. The increased adoption of limited adjoining parts, along with the low failure rate are the two major factors that are increasing the demand of the segment. In addition to this, the fixed mounting offers numerous remarkable benefits such as easy installation and effective mechanical stability, which is attracting a large number of consumers to opt for this product.

Based on the Rated current, the ≤ 1000 Ampere segment is expected to witness a higher CAGR during the forecast period. The increasing application of ≤ 1000 Ampere LV switchgear, especially across process industries, power and infrastructure sectors, followed by the decentralized networks, are certain factors that are contributing to the growing demand of the segment.

Based on the Voltage Rating, the ≤ 250 Volts segment is projected to grow at a higher CAGR in the next six years. The inclination of individuals towards the integration of smart low voltage control units across residential peripherals is one of the biggest factors that is driving the growth of the segment. The applicability of the products across fans, elevators, motors, blowers, and pumps is further supporting the segment growth.

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The Egypt Low Voltage Switchgear Market has been segmented on the basis of Protection, Product, Rated Current, Voltage Rating, Installation, Current, Application. Based on Protection, the market is segmented into Circuit Breakers and Fuse. Based on Product, the market is segmented into Fixed Mounting, Plug-in and Withdrawable Unit. Based on Rated Current, the market is segmented ≤ 1000 Ampere, 1001 to 5000 Ampere, > 5000 Ampere. Based on Voltage Rating the market is segmented into ≤ 250 Volts, 251 to 750 Volts, > 750 Volts. Based on Installation, the market is segmented into Indoor and Outdoor. Based on Current, the market is segmented into AC and DC. Based on Application, the market is segmented into Substation, Distribution, Power Factor Correction, Sub Distribution and Motor Control.

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Report Coverage	Details
Market Revenues (2022)	USD Million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Protection, By Product, By Rated Current, By Voltage Rating, By Installation, By Current, By Application
Regional Coverage	Egypt
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Egypt Low Voltage Switchgear Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Egypt Low Voltage Switchgear Market by Protection

• • Circuit Breakers
    • ACB
    • MCCB
    • MCB
    • MSP
    • MPCB
  • Fuse
    • Fuse-Switch Disconnector
    • Switch Disconnector with Fuse
    • Others

Egypt Low Voltage Switchgear Market by Product

• • Fixed Mounting
  • Plug-in
  • Withdrawable Unit

Egypt Low Voltage Switchgear Market by Rated Current

• • ≤ 1000 Ampere
  • 1001 to 5000 Ampere
  • > 5000 Ampere

Egypt Low Voltage Switchgear Market by Voltage Rating

• • ≤ 250 Volts
  • 251 to 750 Volts
  • > 750 Volts

Egypt Low Voltage Switchgear Market by Installation

• • Indoor
  • Outdoor

Egypt Low Voltage Switchgear Market by Current

• • AC
  • DC

Egypt Low Voltage Switchgear Market by Application

• • Substation
  • Distribution
  • Power Factor Correction
  • Sub Distribution
  • Motor Control