The Middle East market for medium-voltage (MV) and high-voltage (HV) switchgear is poised for strong growth, with projected compound annual growth rates (CAGR) of 10% and 7%, respectively, from 2023 to 2028. This growth is driven by economic expansion, infrastructure development, and grid projects, with Saudi Arabia leading the region in demand. The region’s commitment to a low-carbon future, highlighted by ambitious renewable energy targets post-COP27 and COP28, further fuels this market.
However, the European Union’s phase-out of sulfur hexafluoride (SF6) in switchgear, due to its high global warming potential, poses a supply chain risk for the Middle East, heavily reliant on imports. This shift toward eco-friendly practices is pushing global switchgear markets to adopt SF6-free alternatives. Governments can play a pivotal role by providing incentives and fostering local expertise in SF6-free technologies. Collaboration between governments and OEMs is crucial to developing a robust, self-sufficient market that aligns with global sustainability trends. The successful shift to environmentally friendly switchgear will position the Middle East as a leader in the sustainable energy landscape, supporting its economic and environmental objectives.
Follow this link to learn more: The Middle East’s Crucial Step Towards a Sustainable Future: Preparing for the SF6 Phase-Out
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