The Middle East molded case circuit beakers (MCCB) market is
expected to reach USD 652.4 million by 2022, according to a new study by Grand
View Research, Inc. Increasing demand for electricity and reliable power
delivery coupled with inadequate electric power infrastructure is expected to
fuel demand. Emergence of smart grids in power transmission and distribution
systems is projected to drive the MCCB industry.
Large-scale demand for power infrastructure to provide efficient
operation of transmission and distribution has increased dynamically over the
past few years. Rising need to enhance the power infrastructure as aging
transmission cannot support the bulk power currently required is expected to
drive demand over the next seven years.
Rapid expansion of power distribution & transmission system
and rapid growth of heavy industries such as petrochemicals, oil & gas,
steel and other metals is expected to positively impact the market. Completion
and introduction of mega construction projects including commercial centers and
economic cities combined with replacement of aging and inefficient instruments
is expected to spur demand across the region.
Browse full research report on Middle East Molded Case
Circuit Breakers Market: https://www.grandviewresearch.com/industry-analysis/middle-east-molded-case-circuit-breakers-mccb-market
Further key findings from the study suggest:
- Thermal
magnetic strip-based MCCBs accounted for over 60% of the overall revenue
in 2014. They are the most common over-current protection devices. Their
characteristic inverse time tripping under overload condition is suited for
varied applications from residential to heavy industrial loads. Further,
they are suited for several general-purpose applications as they are
temperature-sensitive and automatically follow safe cable and equipment
loadings, thus leading to higher demand across the region.
- Microprocessor
segment is estimated to witness robust demand by 2022. It forms an
integral part of electronic trip unit (ETU) and perform several protection
functions such as the short, long-term delay trip function, ground fall,
and instantaneous trip function. This technology is expected to heavy
replace conventional systems with a CAGR of over 8.0% from 2015 to 2022.
- Saudi
Arabia dominated the Middle East molded case circuit beakers market
in 2014, and is expected to grow at a CAGR of over 7.0% from 2015 to 2022.
Increasing government initiatives for increasing power generation capacity
are expected to favor the regional market. For instance, the Saudi
government is expected to spend over USD 65 billion from 2014 to 2017 to
increase power generation by 18,000 MW and to install 234 transfer
stations along with 20,000 km of transmission lines.
- Middle
East MCCB market share is occupied by companies such as General Electric,
Siemens, ABB, Hitachi, Eaton, Havells, and Mitsubishi. Manufacturers aim
at developing innovative circuit protection solutions to meet the
customers’ demand. In August 2015, ABB won orders worth USD 150 million
from the Saudi Electric Company (SEC) for expanding five existing
substations, thus helping to ready the region’s transmission system for a
50 percent expansion of power generation capacity to accommodate a growing
economy.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/middle-east-molded-case-circuit-breakers-mccb-market/request/rs1
Grand View Research has segmented the Middle East MCCB market on
the basis of product and region:
Middle East MCCB Product Outlook (Revenue, USD Million, 2012 –
2022)
- Thermal
Magnetic
- Microprocessor
Middle East MCCB Regional Outlook (Revenue, USD Million, 2012 –
2022)
- Saudi
Arabia
- Qatar
- UAE
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.
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