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Middle East & Africa Electric Distribution Utility Market
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Middle East & Africa Electric Distribution Utility Market Size
Middle East & Africa electric distribution utility market size was valued at USD 41 billion in 2024 and is estimated to grow at a CAGR of 7% from 2025 to 2034. Rising need to cater to the increasing electricity demand coupled with ongoing integration of renewable energy is shaping the business landscape. Shifting focus to develop efficient systems that provide electricity and accelerating investments for grid development to meet the growing electricity consumption is shaping the industry outlook.
To get key market trends
The collaboration of authorities and financial institutions toward development of electricity infrastructure in the rural areas will complement the business dynamics. For instance, in April 2024, the World Bank Group and African Development Bank Group plan to work together on an ambitious project which with an aim to bring electricity to 300 million people across Africa by 2030. World Bank efforts to further extend grid access to 250 million people with the help of renewable energy systems will aim to address this challenge. 50 million people without power access will be targeted by the African Development Bank. This collaboration represents significant step to eliminate energy infrastructure barriers in the African continent
Middle East & Africa Electric Distribution Utility Market Report Attributes
| Key Takeaway | Details |
|---|---|
| Market Size & Growth | |
| Base Year | 2024 |
| Market Size in 2024 | USD 41 Billion |
| Forecast Period 2025 - 2034 CAGR | 7% |
| Market Size in 2034 | USD 81.4 Billion |
| Key Market Trends | |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Middle East & Africa Electric Distribution Utility Market Trends
The Middle East and Africa’s Electricity distribution utility is set to grow owing to continuous advancements in technology along with the introduction of favorable regulations. Utilities across the region are focusing on renewable energy sources integration within the distribution networks, which will complement the business outlook. Rapidly increasing electricity consumption have led utilities to invest into advanced infrastructure that supports effective demand response programs, contributing to industry growth. In addition, the engagement of consumers with digital platforms is prompting component manufacturers to adopt advanced product designs further augmenting the business landscape.
Middle East & Africa Electric Distribution Utility Market Analysis
Learn more about the key segments shaping this market
The switchgear segment is anticipated to cross USD 33.5 billion by 2034. Increased deployment of smart grid technology utilizing advanced information and communication technologies that allows for enhanced optimization of electricity generation, distribution and usage will further contribute to industry growth. Furthermore, the modernization of aging electrical infrastructure in both emerging and developed nations, along with the expansion of power grids, is propelling the switchgear industry growth.
Learn more about the key segments shaping this market
The Middle East & Africa electric distribution utility market from commercial segment is set to witness a CAGR of over 6.5% through 2034. Rapidly increasing development of commercial establishments, widespread adoption of smart technologies along with government regulations toward adoption of energy efficient units is complementing the business landscape. The increasing demand for safe and reliable electrical infrastructure across commercial establishments including, hotels, hospitals, schools and colleges, malls amongst others is driving the need for more advanced power distribution components across the industry.
Looking for region specific data?
Saudi Arabia electric distribution utility market is set to reach USD 16 billion by 2034. Rising electricity demand along with strong government backing and investments in renewable energy projects is contributing to the industry growth. Ongoing expansion of long-distance networks and modernization of local distribution systems, increasing urban population and developing industrial sector is augmenting the industry outlook.
The continuous developments in technology along with supportive collaborations between public and private entities aimed at improving the existing electric distribution infrastructure will further augment the business landscape. For instance, in November 2024, Alfanar Projects established energy partnerships approximating USD 5.3 billion with the Saudi Electricity Co, which was announced during the Energy Localization Forum organized by the Ministry of Economy, with a goal of facilitating the country’s power transformation and renewable energy goals.
Middle East & Africa Electric Distribution Utility Market Share
Major companies in the Middle East & Africa electric distribution utility industry include Eaton, ABB, GE Vernova, Mitsubishi Electric, alfanar and Siemens. These companies are implementing advanced technologies and diverse energy solutions. They hold a significant market share due to their global presence, technological innovations, and strategic positioning. Players are aiming for collaboration and strategic partnerships, as utilities focusing to adopt enhanced technologies and components to increase efficiency and customer service.
Middle East & Africa Electric Distribution Utility Market Companies
Major players operating across the industry include:
- Abaft
- ABB
- ACWA Power
- alfanar
- Eaton
- Elsewedy Electric
- Enel
- Engie
- Fuji Electric
- GE Vernova
- Hitachi Energy
- Hyosung
- HD Hyundai Electric
- Iberdrola
- Lucy
- Mitsubishi Electric
- Schneider Electric
- Siemens
Middle East & Africa Electric Distribution Utility Industry News
- In November 2024, GE Vernova will participate in ADIPEC 2024 in Abu Dhabi between the 4-7 November. The company plans to showcase technologies that facilitate dependable and environmentally friendly energy systems. Their stand will include interactive models and presentations about the clean energy transition and grid modernization. As power grids become more digitized, cybersecurity opportunities become more prevalent, this will discuss how to protect smart grids from increasing cyber-attacks. The paper highlights the increasing demand for new hardware-embedded programmable systems that can guarantee the safety and reliability of grids in an increasingly connected energy landscape.
- In August 2024, Chint Global has opened a smart meter factory located in Machakos, situated near Nairobi, Kenya. The plant, located in Graylands Industrial Park, will manufacture smart meters for Kenya and other Eastern Africa. The plant is expected to produce 400,000 units annually of single-phase and three-phase meter that targets homes and businesses. The factory started with 40 employees, most of whom are locals, with plans to increase the local content in its products over time.
The Middle East & Africa Electric Distribution Utility market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:
Market, By Component
- Distribution substations
- Distribution transformers
- Switchgear
- Distribution lines and poles
- Ami smart meters
- Others
Market, By End Use
- Residential
- Commercial
- Industrial
Market, By Voltage
- Low voltage
- Medium voltage
The above information has been provided for the following countries:
- Saudi Arabia
- UAE
- Egypt
- South Africa
Frequently Asked Question(FAQ) :
How big is the Middle East & Africa electric distribution utility market?
The market for electric distribution utility in Middle East & Africa reached was valued at USD 41 billion in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034, driven by rising electricity demand and a shift toward renewable energy adoption.
How fast is the commercial segment of the Middle East & Africa electric distribution utility industry growing?
The commercial segment is anticipated to grow at a CAGR of over 6.5% through 2034, driven by the development of commercial establishments and government regulations promoting energy-efficient units.
What is the projected size of Saudi Arabia's electric distribution utility market?
Saudi Arabia's market is forecasted to reach USD 16 billion by 2034, fueled by rising electricity demand, government support, and investments in renewable energy projects.
Who are the major players in the Middle East & Africa electric distribution utility industry?
Key players in the market include Abaft, ABB, ACWA Power, alfanar, Eaton, Elsewedy Electric, Enel, Engie, Fuji Electric, GE Vernova, Hitachi Energy, Hyosung, HD Hyundai Electric, Iberdrola, Lucy, Mitsubishi Electric, Schneider Electric, and Siemens.
