Middle East Distribution Transformer Market: Growth Opportunities in Global Industry by 2024.
Amalgamation of both non-renewable as well as renewable sources of power needs smart grid that can promote industry growth in future. Requirement of skilled personnel for effective functioning of device can hinder demand in future. High middle east distribution transformer industry price trend can also inhibit the its growth.
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Middle east distribution transformer industry is segmented into products like large transformers, small transformers unit substations and medium transformers. Medium transformer segment contributed more than $1.3 billion for 2015 and is projected to experience highest growth during forecast timeline. This can be attributed to fast implementation of these equipments in less populated regions to reduce 3-phase high voltage to 3-phase low voltage for power distribution. Further, increasing copper costs are predicted to raise acceptance due to utilization of less amount of conductors in the product kind. Also, increasing demand across plants and facilities coupled with high energy needs like information centers can also propel segment demand substantially.
Small transformer segment is predicted to register CAGR of about 3.91% during forecast timeframe. Growing execution of the off load tap changer fitted equipment in outdoor and indoor applications can fuel segment demand. In addition to this, high cost efficacy provided for low density population network can further add to the demand during forecast timeline.
Browse key industry insights spread across 76 pages with 36 market data tables & 30 figures & charts from the report, “Middle East Distribution Transformer Market, 2016 – 2024” in detail along with the table of contents:
Middle east distribution transformer market is segmented into liquid filled technology and dry type technology. Liquid filled technology segment is sub-segmented into pole mounted technology and pad mounted technology.
Liquid filled technology segment contributed greater than three- fourth of total regional revenue for 2015 and projected to register CAGR of about 4.1% during forecast timeline. Segment growth can be credited to factors like compact size and high price efficacy.
Dry type equipments are used in fire safety applications like marine, mining site, industries and underground substations. All these factors are predicted to fuel the demand and growth of dry type technology segment.
Middle east distribution transformer industry is segmented into various geographical locations like UAE (United Arab Emirates), Saudi Arabia, Egypt and Qatar.
Saudi Arabia distribution transformer industry is predicted to surpass $1.6 billion by end of forecast timeframe. This can be credited to fast power consumption across residential as well as commercial segment. Government initiatives like setting up of nuclear power plants, amalgamation of solar power supplies and enhanced efficacy as well as reliability of power supply & distribution are predicted to be main factors for growth of this segment. Further, these factors are also successful in attracting huge capital investments in the country’s electricity infrastructure.
Middle East Distribution Transformer Market Press Release @ https://www.gminsights.com/pressrelease/middle-east-distribution-transformer-market
United Arab Emirates contributed greater than 8.1% of middle east distribution market share for 2015. Rising acceptance of the equipment across big warehouses, high rise constructions and centralized chilling establishments in this region are credited for the regional industry growth. Further, many advantages like minimized length & size of cable, long feeder lines and enhanced usable footage area provided in the region can also enhance the segment growth in future.
Key industry participants profiled in the report include United Transformers Electric Company (UTEC), Alfanar Electrical Systems, SGB-SMIT, Tesar Gulf Power Transformers & Distribution Equipment LLC, Saudi Federal Transformers LLC, Abaft Middle East Transformer Ind. LLC, ABB(ASEA Brown Boveri) Group, General Electric, Eurogulf Transformers, Intact Transformers, Bawan, Matelec, Siemens, The Saudi Transformer Company Limited and Wahah Electric Supply Co. of S.A.
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