The Middle East distribution transformer market is
expected to reach USD 3.59 billion by 2022, according to a new study by Grand
View Research, Inc. The need for effective electrical distribution has led to
increasing adoption across the power, commercial and industrial sectors; this
is anticipated to fuel product demand. Several benefits including reduced line
loss, better power quality, reduced energy costs and optimal energy use are
expected to catapult industry growth significantly. They also offer investment
related benefits, improved reliability and compatibility. The escalating need
to overcome current losses along with the rising electricity demand is also
anticipated to fuel demand over the forecast period.
Low cost associated with the
installation and conduit of distribution transformers may favorably impact
industry growth. Increasing demand across plants and facilities that require
huge amounts of power supply such as data centers is also anticipated to
elevate product demand. Further, the ability to operate at low power
frequencies offer benefits such as reduced power losses, better voltage
regulation, increased functional flexibility and improved service continuity
making it a lucrative market.
Browse full research report on Middle East Distribution
Transformer Market: https://www.grandviewresearch.com/industry-analysis/middle-east-distribution-transformer-market
Further key findings from the study suggest:
- Medium transformers market accounted for over 40% of the
overall revenue share in 2014, and the segment is expected to witness
significant growth over the next few years. This may be primarily
attributed to the low-cost associated with the installation of this
product.
- Small transformers segment is estimated to witness growth
owing to high demand for stepping voltages down within a distribution
circuit of a building or to supply power to equipment.
- On account of unmatched high efficiency and the ability to
operate at low power frequencies, large transformers segment is
anticipated to exhibit moderate growth over the next seven years. These
are also equipped with water-cooled heat exchangers or oil pumps, and
cooling fans that are designed to remove heat.
- Liquid filled technology segment accounted for more than 70%
of the overall revenue in 2014 which is estimated to increase over the
forecast period owing to several benefits offered by this technology type.
These include retro-fit application capabilities and high reliability
service. Widespread usage of this product type in a wide range of utility,
commercial and industrial applications may also fuel product demand over
the coming years.
- Saudi Arabia distribution transformers market emerged as the
dominant regional segment and accounted for more than 35% of the overall
revenue in 2014. Increasing urbanization and government investments in the
power sector is anticipated to be the key factor that drives the regional
demand.
- Key players in this industry include ABB, Abaft Middle East,
Alstom, General Electric, Siemens, Bawan and Alfanar Electrical Systems.
The industry is poised to face several challenges owing to frequent update
in government norms and regulations coupled with rising raw material
prices making value chain analysis significant.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/middle-east-distribution-transformer-market/request/rs1
Grand View Research has segmented the Middle East distribution
transformer market on the basis of product, technology and region:
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
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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