The Middle East distribution panel market size was estimated at USD 1.34 billion in 2014. Rising population and an increasing demand for electricity in the region have driven demand.
With the advancement of technologies in power sector such as ACCESS power monitoring and temperature-rated or density-rated aluminum or copper bus, the demand for these boards has increased to provide Transmission & Distribution (T&D) services to all.
Technological developments in panels have led to significant reduction in complexities associated with installation and maintenance. The development of efficient boards using solar energy for generating more power and clean energy has eventually resulted in renewable electricity generation and is anticipated to catapult demand in the recent future.
The telecommunication sector is expected to outpace overall demand owing to increased requirement of panels for effective electricity supply, while having a protecting fuse for every circuit.
With increasing population and higher rate of urbanization, the need for electricity and efficient power delivery is increasing. Power companies are seeking innovative ways to reduce T&D costs, thereby increasing the delivery efficiency.
Surging data requirement and its associated concerns over the recent past have instigated the use of cloud technology and big data platform. Effective power supply paired with circuit safety issues is anticipated to drive demand for these boards to maximize the performance of the server industry.
The need for a device location plan along with the potential damage from building maintenance or construction trades is expected to inhibit industry growth to a certain degree. Signaling for dispatch of resources becomes complicated, and revenue and connection contracts are difficult to establish, which may pose as a challenge to industry growth over the forecast period.
Saudi Arabia distribution panel market by product (USD Million), 2012 - 2022
Standalone panels accounted for over 55% of the market in 2014. They include power, gas, and water supply. They are off-the-grid electricity systems for locations that are not fitted with an electricity distribution system. These are typically used for energy storage, electricity generation, and regulation.
Poised to grow at a CAGR of close to 5% from 2015-2022, boards for pole mounted transformers find applications in electricity T&D in remote as well as urban areas. They are used to provide subsidiary voltage supply from the main feeder to a sub-distribution network.
The industry is classified on the basis of operating capacity into low voltage, medium voltage, and high voltage. Poised to grow at an estimated CAGR of close to 6% from 2015 to 2022, medium voltage panels find applications across domestic end-use such as residences and apartments. Rising demand for improved quality and reliability of energy supply coupled with optimum management of medium voltage grids is expected to increase demand for medium voltage boards
High voltage panels accounted for over 35% of the overall revenue share in the year 2014. High voltage capacity boards and switchgears are extensively used in commercial applications as critical as airports, and other buildings such as shopping malls and other industrial applications. Long working life, less maintenance, and small size are some key features of a high voltage panel.
Demand for low voltage panels was estimated to be over USD 250 million in 2014. Low voltage boards and circuit breakers are used in domestic and residential applications are largely manufactured by the local vendors. Low voltage boards are a part of complete AC and DC UPS offerings, which are available in two-, three-, or four-pole feeder configuration and equipped with IP54 external ingress protection. They are used in residential applications, commercial buildings, and other applications.
Saudi Arabia contributed to over 35% of the overall Middle East distribution panel market revenue in 2014. Rising population and an increasing demand for electricity in remote areas of KSA have driven industry growth. Developments in the country, reducing energy imports resulting in increased self-sustainability, and lesser dependence on imports of fossil fuels are also expected to catapult growth over the forecast period.
Poised to grow at a CAGR of over 6% from 2015-2022, Qatar is estimated to witness considerate growth owing to low labor cost and high infrastructural development. Moreover due to higher industrialization in the country, the emerged need for longer durability of components used such as aluminum and copper coupled with low power consumption and efficient power supply is anticipated to spur demand.
Rapid growth in population and increasing urbanization in UAE are expected to drive demand over the forecast period. High penetration of renewable resources, dynamic islanding, distributed control, and increase in generation efficiencies in the country are also expected to escalate demand over the next few years.
Competitive Market Share Insights
The key companies in the Middle East distribution panel market include Alfanar Group, Hager, EAMFCO, Legrand, NAFFCO, Meba Electric Enterprise, Schneider Electric, National for Electrical Panel Boards, and ABB Limited. These players are focusing on product development, emerging technologies for developing solar panels in electricity generation, and providing solutions that help to reduce environmental impact and increase efficiency of T&D. Moreover, these players are developing new innovative boards that would prove useful in multiple applications.
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