Middle East Distribution Transformer Market Is Anticipated to Reach USD 3.60 billion By 2022 | Million Insights

Industry Insights

Distribution Transformer market volume in 2014 was valued at price USD 2.68 billion in the Middle East; furthermore, it is anticipated to attain USD 3.60 billion at the end of 2022. The development may be recognized to increasing acceptance of smart grid solutions worldwide. Supplementary, growing need for sustainable energy around the globe, it is also expected to stimulate product demand over the forecast period. Infrastructure improvement in numerous countries across the Middle East may positively impact development projection.

Rising population has considerably spurred electricity demand around the globe; thereby it is helping for driving the power industry. Smart grid installations need two-way, real-time communication along with components that integrate related capabilities to observe a variety of system parameters distantly. This may supplementary impel demand for inventive products with interactive information to convey potential. Nevertheless, substitution of highly robust conventional counterparts may cause confront to the business in upcoming seven years.

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The requirement to supervise power consumption may stimulate the usage of alternative energy. Incorporation of the backup conventional power source in addition to alternative sources requires the practice of smart grids moreover is expected to impel industry expansion over the forecast period. High installation, as well as transportation costs together with the lack of trained professionals for setting up, may confront product demand.

Product Insights

Small distribution transformers consist of a power rating in the range of 0- 315kVA moreover they are largely used in a vicinity with low population concentration. Growing replacement of conventional overhead products with smart grid well-matched pole mounted products; smaller devices are anticipated to pitch demand in future. A small distribution transformer is also appropriate for numerous diversified power applications along with light industrial or commercial applications.

Medium distribution Transformer, normally in the range of 316 kVA to 2,499 kVA, is anticipated to observe high saturation owing to rising population in cities like Riyadh, Dubai, along with Abu Dhabi. The soaring rate of population migration in the abovementioned cities is also anticipated to encourage local market demand. Advancements in the field of sustainable expansion have resulted in the acceptance of superior goods which use copper-silver alloy windings to avoid them from self-annealing while operation.

Speedy industrialization is likely to be a key factor which will drive the superior transformer demand across the local market in the Middle East. However, lack of transportation amenities to distant areas may create a challenge, as the design of the transformer is bulky. Unit substations may also observe stable growth because of low installation as well as maintenance costs.

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Technology Insights

The transformer industry is projected to observe high growth owing to the development of technologically in the area of electrical equipment. Development of a range of core materials along with fall of core flux density is anticipated to reduce noise in the transformer operations.

Liquid-filled Transformer market is also anticipated to observe considerable growth over the forecast period. This growth is credited to superior functional capabilities in addition to proficient design. Pad mounted have several utility applications across the commercial, industrial, with residential sector, these applications are expected to drive demand over the predictable future. Dry type technology is used mainly in a rough environment along with high fire safety requirements such as mining sites, oil & gas industries as well as marine industry.

Regional Insights

The electricity sector is privatized in numerous Middle East economies, so this factor is projected to be a major industry development factor over the upcoming period. Fast growth in the industrial sector, mainly in industries like petrochemicals along with oil & gas is expected to drive demand in Saudi Arabia.

UAE Distribution Transformer market has also witnessed high growth owing to early technology adoption in this region. Also, availability of a large amount of coastal region for water transportation in the many countries in Middle East region may ease raw materials procurement in this region, which is expected to propel demand over the next few years.

Competitive Market Share Insights

Leading transformer manufacturers give emphasis on practices like merger & acquisition for establishing a presence in the Middle East region. For example, General Electrical acquired Alstom to increase its product portfolio in the market. Local manufacturers concentrate on providing high-quality products across the particular country. Important companies that lead the market include ABB, Siemens, Electrical Systems, Saudi Federal, GE, Bawan, and Alfanar.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/semiconductor

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