Middle East Distribution Transformer Market Analysis By Product (Small Transformer, Medium Transformer, Large Transformer, Unit Substations), By Technology (Liquid Filled, Dry Type) And Segment Forecasts To 2022

Published: November 2015 | ISBN Code: 978-1-68038-639-4 | Report Format: PDF

Industry Insights

Middle East distribution Transformer market size in 2014 was valued at USD 2.68 billion and is expected to reach USD 3.60 billion by 2022. The growth may be attributed to growing adoption of smart grid solutions. Further, increasing the need for sustainable energy worldwide is also expected to fuel product demand over the forecast period. Infrastructure development in several countries across the Middle East may favorably impact growth prospects.

Growing population has significantly spurred electricity demand, thereby driving the industry. Smart grid installations need two-way, real-time communication and components that incorporate similar capabilities in order to monitor a range of system parameters remotely. This may further drive demand for innovative products with interactive information transfer capability. However, replacement of highly durable traditional counterparts may pose a challenge to the industry over the next seven years.

The need to monitor power consumption may spur the usage of alternative energy. Integration of backup conventional power source and alternative sources requires the usage of smart grids and is expected to impel industry growth over the forecast period. High installation and transportation costs coupled with the lack of trained professionals for installation may challenge product demand.

Saudi Arabia distribution Transformer market by product, 2012 – 2022 (USD Million)

Saudi Arabia distribution Transformer market

Product Insights

Small distribution Transformers have a power rating of 0- 315kVA and are primarily used in an area with low population density. Increasing substitution of traditional overhead products with smart grid compatible pole mounted, small devices are expected to surge demand over the next seven years. The product is also suitable for several diversified power applications along with light industrial or commercial applications.

Medium distribution Transformer, typically within a range of 316 kVA to 2,499 kVA, are expected to witness high penetration owing to growing population in cities including Riyadh, Dubai, and Abu Dhabi. The high rate of population migration in the aforementioned cities is also expected to spur regional market demand. Advancements in the field of sustainable development have resulted in the adoption of advanced products with copper-silver alloy windings to prevent them from self-annealing.

Rapid industrialization is expected to be a key factor that drives the larger transformer demand across the regional market. However, lack of transportation facilities to remote areas may pose a challenge owing to the bulky design of these products. Unit substations may also witness steady growth owing to low installation and maintenance costs.

Technology Insights

The industry is expected to witness high growth owing to the development of technologically advanced electrical equipment. Development of a variety of core materials and reduction of core flux density is expected to reduce noise.

Liquid-filled Transformer market is expected to witness substantial growth over the forecast period, which may be attributed to advanced functional capabilities and efficient design. Pad mounted have numerous utility applications across the industrial, commercial and residential sector, and is expected to drive demand over the foreseeable future. Dry type technology is used particularly in a rough environment with high fire safety requirements such as mining sites, marine, and oil & gas industries.

Regional Insights

Electricity sector privatization in several Middle East economies including Saudi Arabia, UAE, and Qatar is expected to be a key industry growth factor over the next few years. Rapid growth in the industrial sector, primarily petrochemicals and oil & gas is anticipated to propel demand in Saudi Arabia. The industry is also poised for growth owing to increasing penetration in the industrial and residential sector in Qatar.

UAE distribution Transformer market has also witnessed considerable growth owing to early technology adoption. Additionally, high costal region presence in Saudi Arabia, Qatar, and UAE may ease raw materials procurement, which is expected to propel demand over the next few years.

Competitive Market Share Insights

Key distribution transformer manufacturers emphasize on merger and acquisition in establishing a strong foothold in this region. For Instance, GE acquired Alstom in order to expand its product portfolio and enter the Middle East energy sector. Local manufacturers focus on providing high-quality products across the specific country. Key companies dominating the market include ABB, GE, Siemens, Alfanar Electrical Systems, Bawan, and Saudi Federal.

 

Key question answered by the report
  • What was the market size from 2013 to 2015?
  • What will be the market growth till 2024 and what will be the resultant market forecast in the year?
  • How will the market drivers, retraints and future opportunieties affect the market dynamics and a subsequent analysis of the associated trends?
  • What segment and region will drive or lead market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants behavior.
  • What are the key sustainability strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and growth.
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