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Middle East Distribution Transformer Market Value to Flourish by 2026
Published Date: 2020-03-04
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According to the Graphical Research new growth forecast report titled “Middle East Distribution Transformer Market Value By Insulation, Phase, Rating, Mounting, Application, Core, Winding Installation, Cooling, Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026”, Estimated to Flourish by 2026. Middle East Distribution Transformer Market value will witness significant growth on account of rising investments toward the upgradation of existing power supply grid network. In addition, intensifying efforts toward increasing the access to electricity ratio has proliferated the business landscape. The growing replacement of single-phase system with more efficient and effective three-phase systems will further boost the industry growth. In addition, increasing private and public investments to mitigate the demand and supply gap will further augment the business outlook.
Growing infrastructural developmental activities along with the continuous expansion of real estate sector will fuel the Middle East distribution transformer market growth. Subsequently several regulatory bodies across the region have oriented their focus toward the deployment of efficient power supply systems. Moreover, favorable norms & regulations coupled with growing emphasis toward the integration of renewable energy systems will propel the product demand in the forthcoming years.
Three phase transformers will witness growth on account of its higher efficiency, compact size and ease of installation. In addition, structural advantages of the product including significant mechanical strength, better control over magnetic flux and low maintenance will positively impact the product demand.
The growing demand for reliable and affordable power across various commercial and industrial facilities including, datacenters will propel the Middle East distribution transformer market growth. The government initiatives toward the development of new manufacturing facilities to reduce import dependency, will further propel the industry growth.
Shell core distribution transformer market is set to witness significant growth on account of its cost effectiveness, and improved efficiency as compared with conventional units. In addition, the ongoing integration of smart monitoring units will further stimulate the product penetration over the forecast timeline.
The growing population along with soaring energy demand will drive the Oman distribution transformer market over the forecasted timeframe. The government is focusing on refurbishment and upgradation of existing transmission and distribution network across the country, which will further enhance the industry outlook.
The companies operating across the Middle East distribution transformer market include United Transformers Electric Company, Elsewedy Electric, General Electric, Voltamp Oman, Siemens AG, Bharat Heavy Electricals Limited, Hyosung Power and Industrial Systems, Toshiba Corporation, CG Power and Industrial Solutions Limited, Eaton Corporation, and Mitsubishi Electric.
Middle East Distribution Transformer Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2020 to 2026, for the following segments:
Market Share, By Insulation
Market Size, By Insulation
Market Growth, By Rating
- ≤ 2.5 MVA
- 2.6 MVA to 10 MVA
- 10 MVA
Market Value, By Mounting
Market Forecast, By Application
- Residential & Commercial
- Oil & Gas
Market Value, By Core
Market Share, By Winding
- Two winding
Market Size, By Installation
Market Growth, By Cooling
- Dry type
- Air blast
- Oil immersed
- Water cooled
- Forced oil