Africa Low Voltage Switchgear Market revenue size is anticipated to grow at a CAGR of 5.4% during 2023-2029

Miniature Circuit Breaker (MCB) in terms of type registered the maximum revenue share in Africa Low Voltage Switchgear Market – 6Wresearch

By Type, The Miniature Circuit Breaker (MCB) has secured a significant portion of the LV components market in the region, driven by the growing residential and commercial sectors in Africa. Countries like Nigeria, Kenya, and Ghana have made substantial strides in the housing sector, witnessing annual increases of 350,000, 200,000, and 100,000 housing units respectively. Moreover, notable investments in the commercial sector, such as the Bolgatanga East District Hospital in Ghana, the 203.8 km long Kano-Kaduna Rail Project in Nigeria, and the completion of phase 2 of the 5,000-acre Special Economic Zone in Kenya in 2022, further contribute to this growth.

According to 6Wresearch, Africa Low Voltage Switchgear Market revenue size is anticipated to grow at a CAGR of 5.4% during 2023-2029. Rapid electrification growth and renewable energy projects in Africa, particularly in Kenya and Ethiopia, are driving the demand for low voltage switchgear, while comprehensive structural reforms in South Africa and Nigeria to increase renewable energy generation would further boost the demand in the future. The expanding African infrastructure sector and ongoing projects are set to boost the demand for low-voltage switchgear, despite a significant infrastructure capital gap, with notable initiatives such as Africa50, an investment platform established by African governments and the African Development Bank to mobilize financing for mega infrastructure projects in the region.

According to Dhaval, Research Manager, 6Wresearch, South Africa among other countries in the region dominated the market as it is the most diversified as well as developed economy in the region. South Africa will continue to dominate the market in the upcoming years.

The Africa Low Voltage Switchgear Market (2023-2029) report provides an in-depth analysis with 41 figures and 23 tables, covered in 108 pages. The report comprehensively covers the market by types, applications, and countries. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.

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