The Middle East distributiontransformer 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 report by Grand View
Research : http://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
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/semiconductors-and-electronics
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
o Pad mounted
o Pole mounted
·
Dry Type
Distribution Transformers Regional Outlook (Revenue, USD
Million, 2012 - 2022)
·
Saudi Arabia
·
UAE
·
Qatar
·
Egypt
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/middle-east-distribution-transformer-market-analysis
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 Information: www.grandviewresearch.com
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 Information: www.grandviewresearch.com
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