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Middle East Distribution Transformer Market to grow at 3.9% CAGR from 2016 to 2024 | Alfanar Electrical Systems, General Electric, Bawan, and Intact. Other prominent industry participants include Matelec, SGB-SMIT, Siemens, Tesar, etc

02-11-2019 01:02 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Middle East Distribution Transformer

Middle East Distribution Transformer

Middle East Distribution Transformer Market size is estimated to reach USD 3.92 billion by 2024; according to a new research report by Global Market Insights, Inc.

Distribution transformers are primarily used to distribute power in a particular locality, industrial estates as well as remotely located houses and buildings and are usually found on the pole or underground near residential, commercial, or industrial areas. Rising population across the region may further instigate need to save energy, which in turn is expected to catalyze distribution transformer market growth over the forecast timeframe. Growing knowledge pertaining to sustainable development among the general population may further increase demand for energy efficient solutions. These devices represent to be one of the major sources of power loss and are easily measurable and replaceable. Thus, implementation of these innovative systems may aid in power loss reduction.

Request for Sample Copy of this research report @ https://www.gminsights.com/inquiry-before-buying/686

Global Market Insights has segmented the Middle East distribution transformer market on the basis of product, technology, and region:
Distribution Transformer Product Analysis (Revenue, USD Million, 2013 - 2024)

• Small transformers
• Medium transformers
• Large transformers
• Unit substations

Distribution Transformer Technology Analysis (Revenue, USD Million, 2013 - 2024)
• Liquid filled
• Pad Mounted
• Pole Mounted
• Dry type

Distribution Transformes Regional Analysis (Revenue, USD Million, 2013 - 2024)
• Saudi Arabia
• UAE
• Qatar
• Egypt

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/686

Key insights from the report include:

Small distribution transformer market share will witness growth with 3.9% CAGR from 2016 to 2024. Increased adoption of these devices across indoor and outdoor applications is expected to catalyze growth.

Liquid filled distribution transformer market size was valued at over USD 2 billion in 2015; it is likely to grow at an estimated 4% CAGR. Features such as compactness and substantial cost optimization may catalyze the product demand through 2024. Dry type segment is likely to witness considerable growth prospects, over the next seven years. Surging demand for these devices from fire safety application such as marine, underground substations, mining sites, and associated industrial activities may fuel revenue.

Browse key industry insights spread across 76 pages with 36 market data tables & 30 figures & charts from the report @ https://www.gminsights.com/industry-analysis/middle-east-distribution-transformer-market

Saudi Arabia distribution transformer market share is forecast to lead the industry, with revenue set to surpass USD 1.5 billion by 2024. Significant energy consumption in the residential and commercial sectors alike will drive regional growth.

Key industry participants include General Electric, ABB Group, Abaft, Alfanar, Intact and Bawan. Other players in the industry are Saudi Federal Transformers, Matelec, Tesar, SGB-SMIT, and Siemens.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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