Middle East Distribution Transformer Market Supplier, Competition by Manufacturers and Competitor Analysis to 2022 Forecast
31 January 2020 - 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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The
requirement to supervise power consumption may stimulate the usage of
alternative energy. Incorporation of the backup conventional power source in
addition to alternative sources requires the practice of smart grids moreover
is expected to impel industry expansion over the forecast period. High
installation, as well as transportation costs together with the lack of trained
professionals for setting up, may confront product demand.
Product Insights
Small
distribution transformers consist of a power rating in the range of 0- 315kVA
moreover they are largely used in a vicinity with low population concentration.
Growing replacement of conventional overhead products with smart grid
well-matched pole mounted products; smaller devices are anticipated to pitch
demand in future. A small distribution transformer is also appropriate for
numerous diversified power applications along with light industrial or
commercial applications.
Medium
distribution Transformer, normally in the range of 316 kVA to 2,499 kVA, is
anticipated to observe high saturation owing to rising population in cities
like Riyadh, Dubai, along with Abu Dhabi. The soaring rate of population
migration in the abovementioned cities is also anticipated to encourage local
market demand. Advancements in the field of sustainable expansion have resulted
in the acceptance of superior goods which use copper-silver alloy windings to
avoid them from self-annealing while operation.
Speedy
industrialization is likely to be a key factor which will drive the superior
transformer demand across the local market in the Middle East. However, lack of
transportation amenities to distant areas may create a challenge, as the design
of the transformer is bulky. Unit substations may also observe stable growth
because of low installation as well as maintenance costs.
Technology Insights
The
transformer industry is projected to observe high growth owing to the
development of technologically in the area of electrical equipment. Development
of a range of core materials along with fall of core flux density is
anticipated to reduce noise in the transformer operations.
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.
Competitive Market Share Insights
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.
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
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