Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)) By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape.
Product Code: ETC002090 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Tunisia Switchgear market currently, in 2023, has witnessed an HHI of 1223, Which has decreased slightly as compared to the HHI of 1253 in 2017. The market is moving towards highly competitive. 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 fewer numbers of players or countries exporting in the market.
Tunisia Switchgear Market report thoroughly covers the market by voltage. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.
Tunisia Switchgear Market is poised for sustainable growth driven by factors such as infrastructure investments and the adoption of renewable energy sources. The market is also experiencing significant shifts towards smart solutions such as IoT and low voltage switchgear. The market in Tunisia is a key contributor to the North Africa region and has shown significant growth potential over the years. The market has been a critical contributor to the country's economic growth, as the market has grown at a steady pace in recent years.
According to 6Wresearch, the Tunisia Switchgear Market size is expected to grow at a CAGR of 6.4% during the forecast period of 2024-2030. The main drivers of the switchgear market in Tunisia are the increasing investments in the country's infrastructure, the need for better power quality, and the implementation of renewable energy sources. Another significant driver is the government's efforts towards electrifying rural and urban areas, which results in the need for better switchgear components. Despite the growth, there are still some challenges facing the switchgear market in Tunisia. The primary challenge remains the limited manufacturing capabilities of the local industry, which results in a reliance on imports. Additionally, the lack of skilled labor in the country poses a significant challenge to the Tunisia Switchgear Market Growth. The switchgear industry worldwide is undergoing significant changes driven by digitalization, Internet of Things (IoT), and artificial intelligence. The switchgear market in Tunisia is no different. Additionally, low voltage switchgear is poised to dominate the Tunisia switchgear market share in the foreseeable future due to its low cost and the increase in urbanization in the country. The switchgear market in Tunisia presents a massive opportunity for both local and international manufacturers. The country's infrastructure investments, adoption of renewable energy, and rural electrification developments make switchgear components an essential component of infrastructure projects. Additionally, the market is still experiencing significant growth, thus providing opportunities for companies that can meet the market demand.
The government of Tunisia has introduced various policies in the switchgear market to encourage foreign investment in the country. One of these policies is the Tunisian Investment Authority (TIA), which promotes foreign investment and provides a one-stop-shop service for investors. The TIA also aids investors to ensure a smooth entry into the Tunisian market. Another policy is the Industrial Orientation Law that aims to encourage and direct investment in several industries, including the electrical industry. The government of Tunisia has also established schemes to facilitate the growth of the electrical industry. One such initiative is the National Energy Strategy (NES), which targets energy efficiency and alternative energy. The NES aims to reduce energy dependency and improve energy security by encouraging the use of renewable energy sources.
The Tunisia Switchgear Industry comprises several companies involved in the production of switchgear products. Some of the prominent players in the industry include General Electric, Schneider Electric, ABB, and Siemens. These companies have established themselves in the switchgear market, participating in various projects, such as the Tunisian Solar Plan.
According to Kapil, Senior Research Analyst, 6Wresearch, low Voltage Switchgear segment accounted for the largest share of the market and is expected to continue its dominance during the forecast period. Low Voltage Switchgear is widely used in residential, commercial, and industrial applications, due to its flexibility in controlling and protecting electrical equipment.
Based on Application, the Industrial segment is expected to grow, owing to the increasing investments in the industrial sector in Tunisia. The Commercial segment is the second-largest market for switchgear in Tunisia, and it is expected to continue its growth trajectory since there is a growing demand for commercial spaces within the country.
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The report offers a comprehensive study of the subsequent market segments:
Medium Voltage Switchgear
High Voltage Switchgear
Low Voltage Switchgear
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Tunisia Switchgear Market Overview |
3.1 Tunisia Country Indicators |
3.2 Tunisia Switchgear Market Revenues & Volume 2020-2030F |
3.3 Tunisia Switchgear Market Revenue Share, By Voltage, 2020 & 2030F |
3.4 Tunisia Switchgear Market Revenue Share, By Insulation, 2020 & 2030F |
3.5 Tunisia Switchgear Market Revenue Share, By Application, 2020 & 2030F |
3.6 Tunisia Switchgear Market - Industry Life Cycle |
3.7 Tunisia Switchgear Market - Porter’s Five Forces |
4. Tunisia Switchgear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Tunisia Switchgear Market Trends |
6. Tunisia Switchgear Market Overview, By Voltage |
6.1 Tunisia Switchgear Market Revenues & Volume, By Low Voltage Switchgear 2020-2030F |
6.2 Tunisia Switchgear Market Revenues & Volume, By Medium Voltage Switchgear 2020-2030F |
6.3 Tunisia Switchgear Market Revenues & Volume, By High Voltage Switchgear 2020-2030F |
7. Tunisia Switchgear Market Overview, By Insulation |
7.1 Tunisia Switchgear Market Revenues, By Medium Voltage Switchgear, 2020-2030F |
7.2 Tunisia Switchgear Market Revenues, By High Voltage Switchgear, 2020-2030F |
7.3 Tunisia Switchgear Market Revenues, By Low Voltage Switchgear, 2020-2030F |
8. Tunisia Switchgear Market Overview, By Application |
8.1 Tunisia Switchgear Market Revenues & Volume, By Residential, 2020-2030F |
8.2 Tunisia Switchgear Market Revenues & Volume, By Commercial, 2020-2030F |
8.3 Tunisia Switchgear Market Revenues & Volume, By Industrial, 2020-2030F |
8.4 Tunisia Switchgear Market Revenues & Volume, By Power Utilities, 2020-2030F |
9. Tunisia Switchgear Market - Key Performance Indicators |
10. Tunisia Switchgear Market - Opportunity Assessment |
10.1 Tunisia Switchgear Market Opportunity Assessment, By Voltage 2030F |
10.2 Tunisia Switchgear Market Opportunity Assessment, By Insulation 2030F |
10.3 Tunisia Switchgear Market Opportunity Assessment, By Application, 2030F |
11. Tunisia Switchgear Market Competitive Landscape |
11.1 Tunisia Switchgear Market Revenue Share, By Company, 2023 |
11.2 Tunisia Switchgear Market Competitive Benchmarking, By Operating & Technical Parameters |
12. Company Profiles |
13. Key Recommendations |
14. Disclaimer |
Market Forecast By Voltage (Low Voltage Switchgear, Medium Voltage Switchgear, High Voltage Switchgear), By Insulation (Medium Voltage Switchgear (Air Insulated, Gas Insulated), High Voltage Switchgear (Air Insulated, Gas Insulated), Low Voltage Switchgear (MCB, MCCB, C&R, ACB, COS, Others)) By Applications (Residential, Commercial, Industrial, Power Utilities) And Competitive Landscape.
Product Code: ETC002090 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Growing urbanization coupled with the growing demand for electricity supply in the country has driven the demand for the switchgear market in Tunisia. The growing construction sector, and providing connectivity of smart grids in off-grid areas would lead to further growth in the demand for switchgear market in the country during the forthcoming years. However, the Tunisia market is expected to register a decline in demand during 2020, owing to the global pandemic COVID-19, which has spread a worse impact on the business worldwide.
According to 6Wresearch, Tunisia Switchgear Market size is anticipated to register growth during 2020-26. Growing government investment for the expansion of power plants in the country to meet the growing electricity consumption in Sudan would lead to a surge in demand for switchgear market over the forecast period. Moreover, changing government policies to shift from oil and gas-based power plants to solar power plants would lead to further increase in demand for switchgear markets in the country; currently, 90% of the country's electricity supply is through oil and gas-based power plants.
Moreover, growing investment by the international players in the county for the development of solar power plants would lead to a surge in demand for the switchgear market. For instance, Engie, a French power utility company has entered into an agreement with Narva, Morocco Company for the development of a photovoltaic power plant in the country, which would lead to a surge in demand for switchgear market over the forecast period. Based on voltage, the low and medium voltage segment accounted for a leading share of market demand in the country.
The Tunisia Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions. The Tunisia Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Tunisia 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:
Markets Covered
The Tunisia Switchgear Market report provides a detailed analysis of the following market segments: