Project Description

Market Assessment for ELV (Extra Low Voltage) Systems in UAE

  • ELV products and services are spread across building solutions (automation systems, security & alarm, AV Systems and fire & safety) and ICT (Network solutions) sub-segments
  • The ELV market in the UAE is expected to grow at a healthy growth of 6% for next five years. The growth is driven by government initiatives to support construction sector, smart city initiatives and cloud adoption in the country
  • AV Systems and network solutions together account for more than 50% of the ELV market in the country
  • Greenfield ELV projects account for more than 75% projects. Majority are large to medium projects and are dominated by integrated ELV players
  • HVAC is the largest category in the building automation segment. Residential and commercial buildings account for more than 40% of the building automation segment

Table of Content:

Macro Overview of UAE

  • Macro overview of UAE: GDP, sector-wise breakdown of GDP, unemployment and inflation
  • % GDP contribution by construction, ICT sector
  • Review, analyze and forecast demographic indicators, including:
    • Population size, distribution by region, gender and age, nationality etc.
    • Population growth rate
  • Analyze economic drivers and risks affecting the construction and ICT industry at large
    • g., improvement in oil prices fueling the GDP growth momentum

Brief Overview of UAE construction sector & Growth Assessment

  • Construction sector market size & growth (2023-2028 F)
  • Key drivers impacting future growth in the region:
    • Growth in luxury residential properties
    • Tourism infrastructure growth
    • Growth in project awards with residential, mixed-use, cultural, and commercial as the leading segments
  • Key challenges / deterrents to watch out

Market Size, Segmentation & Outlook

  • ELV systems: Definition & key product segments (will be proposed and agreed with client during the kick-off stage)
  • Typical Value chain: Type of players in the industry (producers / importers / distributors / retailers)
  • Market size: current and forecast growth (2023-2028F)
  • Market segmentation by product segments
    • Access control systems
    • CCTV and IPTV
    • Security Alarms
    • Public Address systems
    • Queuing Systems
    • AV systems, etc.
  • Market segmentation by industries
    • Residential
    • Commercial (Offices and Corporates, HoReCa, Malls, Hospitals, Municipal/Government Offices, Others)
  • Key market drivers during the forecast period
    • New residential, infrastructure, and commercial projects
    • Increasing focus on safety regulations
    • Replacement demand
  • Key industry challenges e.g., supply chain issues, skillset availability

Competition Overview

  • List of major suppliers / producers of ELV systems in the UAE
  • Estimated market share based on revenue (2023)
  • Basis of competition (product range / quality / distribution reach / pricing, etc.

Competition profiles (5-6 major players)

  • Business overview: Location(s), # of people, Vintage
  • Ownership structure (public / private / partnership)
  • Management overview: CXO profiles
  • Product portfolio
  • Brand strength
  • Type of end markets served
  • Pricing overview
  • Clientele overview* (key clients)
  • Geographical reach
  • Partnerships / tie Ups with local / international players
  • Sales and distribution network / strategy
  • Financials*: Revenue, revenue growth (over the past 5 years)
  • Key strengths and weaknesses of each player

*On best effort basis considering confidential nature of the information