News Category: International

Complimentary Analyst Briefing to be hosted on December 18th, 2012 at 12:00 Noon U.A.E. Time will the examine the potential growth in the GCC Switchgear Market

Dubai, United Arab Emirates, Thursday, December 13, 2012 -- (Business Wire India) -- The Medium-Voltage (MV) switchgear market in Gulf Cooperation Council (GCC) has evolved over the years with the emergence of local participants. Although the traditional global players still hold the majority of market share, local manufacturers have gained technological expertise to surface as important regional suppliers. It was only a matter of time before domestic companies came under the spotlight, considering the double digit growth in the demand for electricity from almost all GCC countries.

The high level of technical knowledge involved in the production of High Voltage gas insulated switchgears has meant that only a handful of global majors dominate this market. However, Asian manufacturers are increasingly making their presence felt. The emergence of new players, particularly Korean manufacturers, has resulted in higher price competition in a market historically dominated by large multi-national transmission and distribution (T&D) companies.

New analysis from Frost & Sullivan (http://www.energy.frost.com), Strategic Analysis of the Gulf Cooperation Council Medium-Voltage Switchgear Market and Strategic Analysis of GCC High Voltage Gas Insulated Switchgear Market, finds that the MV market earned revenues of USD895.0 million in 2011 and estimates this to reach USD 1.24 billion in 2016. Although, there has been some slowdown in investments in Dubai, the market is likely to grow at a compound annual growth rate (CAGR) of approximately 6.6 per cent. While the HV market earned revenues of USD 829.9 million in 2011 and is estimated to reach USD 1.14 billion in 2016 at a CAGR rate of 6.5 per cent. The Energy and Power Systems Practice at Frost & Sullivan, a Global Growth Partnership Company, is pleased to host an Analyst Briefing on these research services on Tuesday, 18th December, 2012 at 12.00 p.m. UAE time.

As there is no sign of a let up in the demand for power, the GCC countries are aggressively spending on their power sector to improve their generation capacity. This is expected to infuse funds into the transmission and distribution (T&D) segment, which, in turn, will increase the adoption of the MV switchgear and HV gas insulated switchgears.

Further, the improved interconnection between the national power grids due to the GCC grid interconnection project and continued expansion of the oil and gas sector are also expected to indirectly drive the adoption of HV Gas Insulated and MV switchgear market.

"Infrastructure development and continuous investment in industries will ensure that the MV switchgears market continues to grow at a healthy rate," said Frost & Sullivan Energy and Power Systems Industry Analyst. "Further, the upcoming 2022 FIFA World Cup in Qatar will attract investors to infrastructure and construction, which is expected to directly propel the market."

"Also, in order to reduce production costs and lead time, manufacturers are striving to achieve manufacturing excellence and increase plant efficiency," said Frost & Sullivan Industry Analyst. "Switchgear companies are continuously investing in research and development to ensure that novel materials and system-related engineering technologies are incorporated in new products."

The highlights of the must-attend briefing that is scheduled for December 18, 2012, at 12 Noon U.A.E. Time, include the major drivers, restraints and challenges of the MV and HV Gas Insulated Switchgear market, along with current and future prospects, trends and market estimates.

This Analyst Briefing will benefit existing suppliers as well as Local companies and Panel builders who want to get into the switchgear business or expand into new geographies"

To attend this complimentary Analyst Briefing session, click here - REGISTER HERE.

How will this work:

Click on the 'Register Here' tab, given above. This will direct you to the launch page of the Analyst Briefing. Press on the 'Attend' button; this will register you for the AB. Once you have saved the HTML page, click on it and save the event to your Calendar page.

Strategic Analysis of the Gulf Cooperation Council Medium-Voltage and High Voltage Gas Insulated Switchgear Market and is part of the Energy & Power Growth Partnership Services program, which also includes research in the following markets: Power Transformers Market & Distribution Transformers Market in the GCC region. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

-- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, inn-- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

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