The Middle East Molded Case Circuit Breakers (MCCB) Market size is projected to value at USD 652.4 million by 2022, according to a new report published by Million Insights. The rising demand for reliable power and electricity delivery along with insufficient electric power infrastructure is likely to augment demand. The growth of smart grids in power distribution and transmission systems is expected to boost the market growth.
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Market Synopsis of Middle East MCCB Market:
Widespread demand for power infrastructure to offer efficient operation of distribution and transmission has grown dynamically in recent years. The increasing need for better power infrastructure, as old transmission cannot load the bulk power presently needed, is anticipated to fuel the demand in the next seven years.
The growing power transmission and distribution system and the emergence of heavy industries like oil & gas, steel, petrochemicals, and other metals is anticipated to have a positive impact on the market. Introduction and completion of major projects such as economic cities and commercial centers integrated with the replacement of inefficient and old instruments is projected to surge regional demand.
The key players in the Middle East MCCB market include ABB, Mitsubishi, Hitachi, Havells, Eaton, Siemens, and General Electric. Companies are focusing at manufacturing advanced circuit protection solution to fulfill consumers’ demand. For instance, ABB, in August 2015, won order valued at USD 150 million by the Saudi Electric Company (SEC) in order to expand five substations, thereby, ensuring the onset of the region’s transmission system for around 50 percent widening of power generation capacity to hold an emerging economy.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/middle-east-molded-case-circuit-breakers-mccb-market
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Middle East MCCB: Market Variables, Trends & Scope
Chapter 4 Middle East MCCB: Product Estimates & Trend Analysis
Chapter 5 Middle East MCCB: Application Estimates & Trend Analysis
Chapter 6 Middle East MCCB: End-use Estimates & Trend Analysis
Chapter 7 Middle East MCCB: Industrial End-use Estimates & Trend Analysis
Chapter 8 Middle East MCCB: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Middle East MCCB: Manufacturers Company Profiles
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