Kuwait Switchgear Market Shipment Analysis
Kuwait Switchgear market registered a growth of 75.35% in value shipments in 2021 as compared to 2020 and a decrease of -4.01% CAGR in 2021 over a period of 2017. In Switchgear market Kuwait is becoming more competitive as the HHI index in 2021 was 716 while in 2017 it was 843. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Kuwait has reportedly relied more on imports to meet its growing demand in Switchgear market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Switchgear market in 2021 was 100.42 while in 2017 it was 144.79. China, Finland, Saudi Arabia, USA and Germany were among the top players of the market in 2021, where China acquired the largest market share of 13.42% with a shipment value of 2.54 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 16.39% with the shipment value of 2.17 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
Projected growth in the construction market, upcoming new hotels & shopping malls coupled with an increasing inflow of FDI in the construction and retail sectors are some of the key factors that would result in the surge in demand for the switchgear market in Kuwait. In the Kuwait switchgear market, the gas insulated switchgear segment accounted for the majority of the market revenues owing to technological and economic advantages associated with it over air insulated switchgear.
According to 6Wresearch, Kuwait Switchgear Market size is anticipated to register growth during 2020-26. Kuwait switchgear market has registered a decline in revenues owing to the deteriorating economic situations followed by a decline in the oil prices. With the decline in oil prices government revenues also decreased which has resulted in a halt in government projects in the country resulting in the slowdown in the demand for switchgear in Kuwait. However, the shift in government focus towards the non-oil sector which would ultimately spur the growth of commercial and industrial sectors would lead to growth in the switchgear market in the country over the forecast period.
Kuwait City led the overall Kuwait switchgear market share and is projected to witness the highest growth rate in the coming years due to the development of the commercial and industrial sectors owing to country's 5-year development plan and other initiatives such as Kuwait Vision 2035. The government is aiming to increase the foreign investment by 300% in the coming years which would enhance the growth of the infrastructural footprint in the region.
The Kuwait Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Kuwait Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Kuwait Switchgear market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Kuwait Switchgear Market Overview
- Kuwait Switchgear Market Outlook
- Kuwait Switchgear Market Forecast
- Historical Data of Kuwait Switchgear Market Revenues & Volume for the Period 2016-2019
- Kuwait Switchgear Market Size and Kuwait Switchgear Market Forecast of Revenues & Volume, Until 2026
- Historical Data of Kuwait Switchgear Market Revenues & Volume, By Types, for the Period 2016-2019
- Market Size & Forecast of Kuwait Switchgear Market Revenues & Volume, By Types, Until 2026
- Historical Data of Kuwait Switchgear Market Revenues & Volume, By Voltage, for the Period 2016-2019
- Market Size & Forecast of Kuwait Switchgear Market Revenues & Volume, By Voltage, Until 2026
- Historical Data of Kuwait Switchgear Market Revenues & Volume, By Insulation, for the Period 2016-2019
- Market Size & Forecast of Kuwait Switchgear Market Revenues & Volume, By Insulation, Until 2026
- Historical Data of Kuwait Switchgear Market Revenues & Volume, By Applications, for the Period 2016-2019
- Market Size & Forecast of Kuwait Switchgear Market Revenues & Volume, By Applications, Until 2026
- Market Drivers and Restraints
- Kuwait Switchgear Market Price Trends
- Kuwait Switchgear Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Kuwait Switchgear Market Share, By Players
- Kuwait Switchgear Market Share, By Regions
- Kuwait Switchgear Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Kuwait Switchgear Market report provides a detailed analysis of the following market segments:
- By Voltage:
- Low Voltage Switchgear
- Medium Voltage Switchgear
- High Voltage Switchgear
- By Insulation:
- Medium Voltage Switchgear
- Air Insulated
- Gas Insulated
- Others
- High Voltage Switchgear
- Air Insulated
- Gas Insulated
- Others
- By Types:
- Low Voltage Switchgear
- MCB
- MCCB
- C&R
- ACB
- COS
- Others
- Medium Voltage Switchgear
- Indoor Switchgear (ISG)
- Outdoor Switchgear (OSG)
- Others
- By Applications:
- Residential
- Commercial
- Industrial
- Power Utilities
- Other
6Wresearch tracks and manages databases of global switchgear market. 6wresearch have been supporting various stakeholders in desigining their entry and growth strategies with the help of robust research and forecasting tools. We have been identifying and tracking various KPIs across major geographies enabling growth projections. With in-house research and data analytics capabilties, 6wresearch delivers actionable insights for companies to make Go/No-Go decisions.
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com
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1 Executive Summary
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2 Introduction
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2.1 Report Description
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2.2 Key Highlights of The Report
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2.3 Market Scope & Segmentation
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2.4 Research Methodology
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2.5 Assumptions
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3 Kuwait Switchgear Market Overview
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3.1 Kuwait Switchgear Market Revenues & Volume, 2016-2026F
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3.2 Kuwait Switchgear Market Revenue Share, By Voltage, 2019 & 2026F
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3.3 Kuwait Switchgear Market Revenue Share, By Applications, 2019 & 2026F
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3.4 Kuwait Switchgear Market Revenue Share, By Regions, 2019 & 2026F
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3.5 Kuwait Switchgear Market Industry Life Cycle
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3.6 Kuwait Switchgear Market- Porter’s Five Forces, 2019
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4 Kuwait Switchgear Market Dynamics
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4.1 Impact Analysis
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4.2 Market Drivers
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4.3 Market Restraints
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5 Kuwait Switchgear Market Trends
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6 Kuwait Low Voltage Switchgear Market Overview
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6.1 Kuwait Low Switchgear Market Revenues & Volume, 2016-2026F
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6.2 Kuwait Low Switchgear Market Revenues & Volume, By Types
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6.2.1 Kuwait Low Voltage Switchgear Market Revenues & Volume, By MCB, 2016-2026F
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6.2.2 Kuwait Low Voltage Switchgear Market Revenues & Volume, By MCCB, 2016-2026F
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6.2.3 Kuwait Low Voltage Switchgear Market Revenues & Volume, By C&R, 2016-2026F
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6.2.4 Kuwait Low Voltage Switchgear Market Revenues & Volume, By ACB, 2016-2026F
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6.2.5 Kuwait Low Voltage Switchgear Market Revenues & Volume, By COS, 2016-2026F
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6.2.6 Kuwait Low Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F
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7 Kuwait Medium Voltage Switchgear Market Overview
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7.1 Kuwait Medium Switchgear Market Revenues & Volume, 2016-2026F
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7.2 Kuwait Medium Switchgear Market Revenues & Volume, By Types
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7.2.1 Kuwait Medium Voltage Switchgear Market Revenues & Volume, By Indoor Switchgear (ISG), 2016-2026F
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7.2.2 Kuwait Medium Voltage Switchgear Market Revenues & Volume, By Outdoor Switchgear(OSG), 2016-2026F
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7.2.3 Kuwait Medium Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F
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7.3 Kuwait Medium Switchgear Market Revenues & Volume, By Insulation
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7.3.1 Kuwait Medium Voltage Switchgear Market Revenues & Volume, By Air Insulated, 2016-2026F
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7.3.2 Kuwait Medium Voltage Switchgear Market Revenues & Volume, By Gas Insulated, 2016-2026F
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7.3.3 Kuwait Medium Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F
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8 Kuwait High Voltage Switchgear Market Overview
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8.1 Kuwait High Switchgear Market Revenues & Volume, 2016-2026F
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8.2 Kuwait High Switchgear Market Revenues & Volume, By Insulation
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8.2.1 Kuwait High Voltage Switchgear Market Revenues & Volume, By Air Insulated, 2016-2026F
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8.2.2 Kuwait High Voltage Switchgear Market Revenues & Volume, By Gas Insulated, 2016-2026F
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8.2.3 Kuwait High Voltage Switchgear Market Revenues & Volume, By Others, 2016-2026F
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9 Kuwait Switchgear Market Overview, By Applications
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9.1 Kuwait Switchgear Market Revenues & Volume, By Residential, 2016-2026F
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9.2 Kuwait Switchgear Market Revenues & Volume, By Commercial, 2016-2026F
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9.3 Kuwait Switchgear Market Revenues & Volume, By Industrial, 2016-2026F
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9.4 Kuwait Switchgear Market Revenues & Volume, By Power Utilities, 2016-2026F
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9.5 Kuwait Switchgear Market Revenues & Volume, By Others, 2016-2026F
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10 Kuwait Switchgear Market Overview, By Regions
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11 Kuwait Switchgear Market Key Performance Indicators
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12 Kuwait Switchgear Market Opportunity Assessment
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12.1 Kuwait Switchgear Market Opportunity Assessment, By Voltage, 2026F
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12.2 Kuwait Switchgear Market Opportunity Assessment, By Applications, 2026F
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13 Kuwait Switchgear Market Competitive Landscape
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13.1 Kuwait Switchgear Market Revenue Share, By Companies, 2019
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13.2 Kuwait Switchgear Market Competitive Benchmarking, By Operating Parameters
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14 Company Profiles
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15 Strategic Recommendations
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16 Disclaimer
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