Million Insights
Market Research Released A New Research Report On Global Middle East
Distribution Transformer Market - Forecast Up To 2025. Report Provide Overview
Of Top Key Players, Share Analysis, Size, Stake, Progress, Trends And Their
Strategic Profiling In The Market, Comprehensively Analyzing Their Core
Competencies, And Drawing A Competitive Landscape For The Market.
Pune, India: Oct. 31,
2019 - Middle East 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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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.
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.
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Report visit @ https://www.millioninsights.com/industry-reports/middle-east-distribution-transformer-market
Market Segment:
Distribution Transformers Product Outlook (Revenue, USD Million, 2012 -
2022)
• Small Transformers
• Medium Transformers
• Large Transformers
• Unit Substations
Distribution Transformers Technology Outlook (Revenue, USD Million,
2012 - 2022)
• Liquid Filled
• Pad mounted
• Pole mounted
• Dry Type
Distribution Transformers Regional Outlook (Revenue, USD Million, 2012
- 2022)
• Saudi Arabia
• UAE
• Qatar
• Egypt
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