Product Code: ETC020941 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Qatar Switchboards Market is expected to grow at a CAGR of 5.4% during the forecast period 2025-2031. With the increasing demand for electric power in various sectors, and a steady rise in industrial activities due to investments from both domestic and international sources, switchboard manufacturers are investing heavily in this region. Additionally, liberalization of foreign direct investment (FDI) policies by the government has also attracted many new entrants into the market. Furthermore, local companies have been actively partnering with global players for technology transfer that allows them to produce high-end products as per customer requirements.
The primary driver of growth in Qatar switchboard market is attributed to rapidly growing electricity consumption across all industries including commercial establishments and households alike. Furthermore, ongoing developments such as FIFA World Cup 2022 which will require immense infrastructure development will further increase demand within this sector over the years ahead till 2031. In addition to that government initiatives such as ???Qatar National Vision 2031??? also focus on expansion of energy grid network across various parts of country while simultaneously reducing cost energy tariffs which bodes well for overall industry outlook going forward until 2031 end. Moreover, several major projects such as Barzan Gas Project and North Field Expansion Project being undertaken by state owned oil company.
One key challenge faced by participants operating within Qatar Switchboards Industry include stiff competition from low-cost imports particularly those originating from countries like China or India. This can be attributed mainly due lower labor costs associated with production process, hence providing these countries advantage when it comes offering competitive price points against their local counterparts.
ABB Ltd., Eaton Corporation PLC., Siemens AG, Schneider Electric SE, Hubbell Incorporated, Larsen & Toubro Limited are some prominent names present in Qatar switchboard market landscape recently. Out of above-mentioned players ABB ltd has emerged leader terms revenue contribution however other too have significant foothold especially Hubbell inc who holds major chunk share rural areas where access modern electronic components limited hindering entry big names industry.
The Covid-19 pandemic has had a significant impact on the Qatar switchboards market. The lockdown restrictions imposed by the government have led to a decrease in demand for switchboards from commercial and industrial customers, resulting in decreased sales of these products. Furthermore, with companies reducing their spending due to uncertainty about future economic conditions, they are likely to postpone any planned expansion or modernization projects involving installation of new switchboards. This is expected to further dent the sales of switchboard solutions over 2025-2031. Moreover, with international travel almost completely suspended during this period, parts and components required for manufacturing new switchboard systems may be difficult to procure until there is greater normalcy in global operations.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Switchboards Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Switchboards Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Switchboards Market - Industry Life Cycle |
3.4 Qatar Switchboards Market - Porter's Five Forces |
3.5 Qatar Switchboards Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Qatar Switchboards Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Qatar Switchboards Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Switchboards Market Trends |
6 Qatar Switchboards Market, By Types |
6.1 Qatar Switchboards Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Qatar Switchboards Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Qatar Switchboards Market Revenues & Volume, By Low-Voltage, 2021-2031F |
6.1.4 Qatar Switchboards Market Revenues & Volume, By Middle-Voltage, 2021-2031F |
6.1.5 Qatar Switchboards Market Revenues & Volume, By High-Voltage, 2021-2031F |
6.2 Qatar Switchboards Market, By End-users |
6.2.1 Overview and Analysis |
6.2.2 Qatar Switchboards Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Qatar Switchboards Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 Qatar Switchboards Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.5 Qatar Switchboards Market Revenues & Volume, By Other, 2021-2031F |
7 Qatar Switchboards Market Import-Export Trade Statistics |
7.1 Qatar Switchboards Market Export to Major Countries |
7.2 Qatar Switchboards Market Imports from Major Countries |
8 Qatar Switchboards Market Key Performance Indicators |
9 Qatar Switchboards Market - Opportunity Assessment |
9.1 Qatar Switchboards Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Qatar Switchboards Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Qatar Switchboards Market - Competitive Landscape |
10.1 Qatar Switchboards Market Revenue Share, By Companies, 2024 |
10.2 Qatar Switchboards Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |