Middle East Electrical Equipment Market Size & Growth Rate
The Middle East Electrical Equipment Market is projected to grow at a CAGR of 8.4% during 2022–2028, driven by large-scale infrastructure and non-residential construction projects, increasing public-private partnerships, and rising investments in energy and digital sectors.
Middle East Electrical Equipment Market Synopsis
The outbreak of COVID-19 pandemic had a negative impact on Middle East electrical equipment market, since COVID-19 mitigation measures resulted in a sector-wide halt in economic activity, as well as limitations on foreign travel. The construction sector, a key barometer for the growth of electrical equipment market, also suffered severe decline in commercial and residential space development. Apart from this, volatility in raw material prices such as copper and aluminium on account of post COVID-19 supply chain disruption and uneven demand and supply as Middle East countries heavily rely on copper and aluminium import, has become a restraint in Middle East electrical equipment market growth.
According to 6Wresearch, Middle East Electrical Equipment Market revenue size is projected to grow at a CAGR of 8.4% during 2022-2028. Middle East Electrical Equipment market is growing and is anticipated to grow further on account of rise in construction activities such as rising commercial and residential infrastructure in Middle East region owing to several economic vision and government policies that aim to diversify the oil-based economy. Additionally, huge investments in various mega projects in construction, infrastructure, oil & gas, and power sectors have raised demand for electrical equipment's in the region. Furthermore, Middle East countries increased public-private partnership for the development of infrastructure, which would further augment the demand for electrical equipment's. Hence, Middle East Electrical Equipment Market would show positive trend in the forecast period. Government’s initiatives to boost energy sector along with hassle free shifting towards renewable energy sources would act as a catalyst for the demand for electrical equipment's such as low and high voltage wires and cables, wiring devices, electrical lighting equipment in the forecast period.
Market by Type
Wires and cables acquired major revenue share on the account of rapid usage of smart meters along with the acceptance of evolving smart transmission technologies and ongoing infrastructure to utilize the telecom sector in line with digitalization across the sector. The wires and cables segment are expected to grow in coming years owing to ongoing investments in the power sector providing numerous solutions for establishing distribution network, load management as well as meter data management across the region along with growing government investments in the construction sector.
Market by Application
Non-residential segment dominate the Middle East electrical equipment market revenue share on the account of large-scale infrastructure projects. Non-residential sector is expected to dominate the market revenue share in Middle East Electrical Equipment Industry owing to upcoming commercial and industrial projects.
Market by Countries
Turkey dominate the Middle East electrical equipment market revenue share owing to the development of projects such as new Istanbul Airport metro line project, Marmaray Tunnel in Istanbul, Basaksehir Medical City among others. The Turkey electrical equipment market is expected to dominate in coming years on the account of growing investment in the infrastructure projects by the Turkey government which is expected to help bolster the development of all modes of transport in the country.
Key Attractiveness of the Report:
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2022
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Key Highlights of the Report:
- Middle East Electrical Equipment Market Outlook
- Market Size of Middle East Electrical Equipment Market, 2021
- Forecast of Middle East Electrical Equipment Market, 2028
- Historical Data and Forecast of Middle East Electrical Equipment Revenues & Volume for the Period 2018 - 2028
- Middle East Electrical Equipment Market Trend Evolution
- Middle East Electrical Equipment Market Drivers and Challenges
- Middle East Electrical Equipment Price Trends
- Middle East Electrical Equipment Porter's Five Forces
- Middle East Electrical Equipment Industry Life Cycle
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Countries for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Brazil for the Period 2021 - 2031
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Saudi Arabia for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By UAE for the Period 2021 - 2031
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Qatar for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Kuwait for the Period 2021 - 2031
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Oman for the Period 2021 - 2031
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Bahrain for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Turkey for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Types for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Electronic and electrical wires and cables for the Period 2021 - 2031
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Batteries and accumulators for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Wiring devices for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Electric lighting equipment for the Period 2021 - 2031
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Others for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Applications for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Residential end-users for the Period 2018–2028
- Historical Data and Forecast of Middle East Electrical Equipment Market Revenues & Volume By Residential end-users for the Period 2018–2028
- Middle East Electrical Equipment Import Export Trade Statistics
- Market Opportunity Assessment By Countries
- Market Opportunity Assessment By Types
- Market Opportunity Assessment By Applications
- Middle East Electrical Equipment Top Companies Market Share
- Middle East Electrical Equipment Competitive Benchmarking By Technical and Operational Parameters
- Middle East Electrical Equipment Company Profiles
- Middle East Electrical Equipment Key Strategic Recommendations
Market Covered:
By Countries
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Oman
- Bahrain
By Types
- Electronic and electrical wires and cables
- Batteries and accumulators
- Wiring devices
- Electric lighting equipment
- Others
By Applications
- Residential end-users
- Non-residential end-users
