Market Forecast By Core (Closed, Shell, Berry), By Product (Power Transformer, Distribution Transformer, Instrument Transformer, Others), By Winding (Two-Winding, Auto-Transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-Type, Oil Immersed), By Phase (Single Phase, 3-Phase), By Rating (10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, and Turkey) And Competitive Landscape
Product Code: ETC060147 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Middle East Transformer Market report thoroughly covers the market by Core, Product, Winding, Application, Cooling, Phase, Rating, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Transformer Market is expected to project substantial growth during the upcoming years on account of the rising penetration of the smart grid. The upsurging population coupled with increasing industrialization drives the market’s success. Additionally, the growing up gradation of transformers owing to the installation of energy-efficient propels the Middle East Transformer Market Share.
According to 6Wresearch, Middle East Transformer Market size is projected to register a growth rate (CAGR) of 4.6% during 2024-2030. Rising penetration towards the adoption of renewable energy coupled with rising government favourable norms is driving the Middle East Transformer Market Share. The increasing adoption of electric vehicles among consumers triggers the potential growth of the Transformer Market in the Middle East. Rising awareness regarding the reduction of carbon emissions is also accelerating the growth of the market.
The outbreak of the COVID-19 pandemic hindered the growth of the market owing to the nationwide lockdown leading to the delay in upcoming projects. The ongoing projects were paused due to the nationwide lockdown. However, the market is expected to re-gain its growth owing to the resumption of construction activities. Rising efforts by the government in order to develop the existing grid and overcome the challenge of aging transformer is adding to the development of the industry. The investment in a smart grid is considered a long-term economic benefit by the government that would further proliferate the Middle East Transformer Market Growth.
Most of the key players in the transformer industry in the Middle East are multinational companies, including ABB, Siemens, Schneider Electric, and GE. These companies are known for their high-quality and reliable products, which have been essential in the development of the transformer industry over the years. In addition, there are several local companies in the region such as National Transformers Company, which have entered the market to provide competition and new innovative products to meet the increasing demand.
Middle East has seen significant improvements over the years. Many countries in the region have established regulatory frameworks to address quality control and safety issues and protect the interests of consumers, including Saudi Arabia’s SASO, UAE’s ESMA and Qatar’s GSAS. In addition to this, local governments and companies are collaborating to introduce technical standards, new guidelines, and codes of practice, to improve safety and reliability in the industry.
According to Dhaval, Research Manager, 6Wresearch, the distribution transformer segment is expected to register a significant share in overall Middle East Transformer Market Revenue during the forecast period on account of rising industrialization and installation of new transformers.
On the basis of country, Saudi Arabia is expected to dominate the overall Middle East Transformer Market owing to rising investment and development of new infrastructure.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Transformer Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Transformer Market Revenues & Volume, 2020 & 2030F |
3.3 Middle East Transformer Market - Industry Life Cycle |
3.4 Middle East Transformer Market - Porter's Five Forces |
3.5 Middle East Transformer Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Middle East Transformer Market Revenues & Volume Share, By Core, 2020 & 2030F |
3.7 Middle East Transformer Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.8 Middle East Transformer Market Revenues & Volume Share, By Winding, 2020 & 2030F |
3.9 Middle East Transformer Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 Middle East Transformer Market Revenues & Volume Share, By Cooling, 2020 & 2030F |
3.12 Middle East Transformer Market Revenues & Volume Share, By Phase, 2020 & 2030F |
4 Middle East Transformer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Transformer Market Trends |
6 Saudi Arabia Transformer Market, 2020 - 2030 |
6.1 Saudi Arabia Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
6.2 Saudi Arabia Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
6.3 Saudi Arabia Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
6.4 Saudi Arabia Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
6.5 Saudi Arabia Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
6.6 Saudi Arabia Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
6.7 Saudi Arabia Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
7 UAE Transformer Market, 2020 - 2030 |
7.1 UAE Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
7.2 UAE Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
7.3 UAE Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
7.4 UAE Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
7.5 UAE Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
7.6 UAE Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
7.7 UAE Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
8 Qatar Transformer Market, 2020 - 2030 |
8.1 Qatar Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
8.2 Qatar Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
8.3 Qatar Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
8.4 Qatar Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
8.5 Qatar Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
8.6 Qatar Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
8.7 Qatar Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
9 Kuwait Transformer Market, 2020 - 2030 |
9.1 Kuwait Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
9.2 Kuwait Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
9.3 Kuwait Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
9.4 Kuwait Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
9.5 Kuwait Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
9.6 Kuwait Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
9.7 Kuwait Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
10 Oman Transformer Market, 2020 - 2030 |
10.1 Oman Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
10.2 Oman Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
10.3 Oman Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
10.4 Oman Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
10.5 Oman Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
10.6 Oman Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
10.7 Oman Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
11 Bahrain Transformer Market, 2020 - 2030 |
11.1 Bahrain Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
11.2 Bahrain Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
11.3 Bahrain Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
11.4 Bahrain Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
11.5 Bahrain Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
11.6 Bahrain Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
11.7 Bahrain Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
12 Turkey Transformer Market, 2020 - 2030 |
12.1 Turkey Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
12.2 Turkey Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
12.3 Turkey Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
12.4 Turkey Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
12.5 Turkey Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
12.6 Turkey Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
12.7 Turkey Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
13 Rest of Middle East Transformer Market, 2020 - 2030 |
13.1 Rest of Middle East Transformer Market, Revenues & Volume, By Core, 2020 - 2030 |
13.2 Rest of Middle East Transformer Market, Revenues & Volume, By Product, 2020 - 2030 |
13.3 Rest of Middle East Transformer Market, Revenues & Volume, By Winding, 2020 - 2030 |
13.4 Rest of Middle East Transformer Market, Revenues & Volume, By Application, 2020 - 2030 |
13.5 Rest of Middle East Transformer Market, Revenues & Volume, By Cooling, 2020 - 2030 |
13.6 Rest of Middle East Transformer Market, Revenues & Volume, By Phase, 2020 - 2030 |
13.7 Rest of Middle East Transformer Market, Revenues & Volume, By Rating, 2020 - 2030 |
14 Middle East Transformer Market Key Performance Indicators |
15 Middle East Transformer Market - Opportunity Assessment |
15.1 Middle East Transformer Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Middle East Transformer Market Opportunity Assessment, By Core, 2020 & 2030F |
15.3 Middle East Transformer Market Opportunity Assessment, By Product, 2020 & 2030F |
15.4 Middle East Transformer Market Opportunity Assessment, By Winding, 2020 & 2030F |
15.5 Middle East Transformer Market Opportunity Assessment, By Application, 2020 & 2030F |
15.6 Middle East Transformer Market Opportunity Assessment, By Cooling, 2020 & 2030F |
15.7 Middle East Transformer Market Opportunity Assessment, By Phase, 2020 & 2030F |
15.8 Middle East Transformer Market Opportunity Assessment, By Rating, 2020 & 2030F |
16 Middle East Transformer Market - Competitive Landscape |
16.1 Middle East Transformer Market Revenue Share, By Companies, 2023 |
16.2 Middle East Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Market Forecast By Core (Closed, Shell, Berry), By Product (Power Transformer, Distribution Transformer, Instrument Transformer, Others), By Winding (Two-Winding, Auto-Transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-Type, Oil Immersed), By Phase (Single Phase, 3-Phase), By Rating (10 MVA, 11 MVA To 60 MVA, 61 MVA To 600 MVA, > 600 MVA), by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, and Turkey) And Competitive Landscape
Product Code: ETC060147 | Publication Date: Jul 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Transformer Market is projected to grow over the coming years. Middle East Transformer Market is a part of our various regional publications globally. 6W tracks the Transformer Market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Transformer Market outlook report annually.
Middle East Transformer Market report thoroughly covers the market by Core, Product, Winding, Application, Cooling, Phase, Rating, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Transformer Market is expected to project substantial growth during the upcoming years on account of the rising penetration of the smart grid. The upsurging population coupled with increasing industrialization drives the Middle East Transformer Market Growth. Additionally, the growing up gradation of transformers owing to the installation of energy-efficient propels the Middle East Transformer Market Share. Rising efforts by the government in order to develop the existing grid and overcome the challenge of aging transformer is adding to the development of the industry. The investment in a smart grid is considered a long-term economic benefit by the government that would further proliferate the development of the market.
According to 6Wresearch, Middle East Transformer Market size is projected to register growth during 2021-2027. Rising penetration towards the adoption of renewable energy coupled with rising government favorable norms is driving the Middle East Transformer Market Share. The increasing adoption of electric vehicles among consumers triggers the potential growth of the Transformer Market in the Middle East. Rising awareness regarding the reduction of carbon emissions is also accelerating the growth of the market. The outbreak of the COVID-19 pandemic hindered the growth of the market owing to the nationwide lockdown leading to the delay in upcoming projects. The ongoing projects were paused due to the nationwide lockdown. However, the market is expected to re-gain its growth owing to the resumption of construction activities.
On the basis of product, the distribution segment is expected to register a significant share in overall Middle East Transformer Market Revenue during the forecast period on account of rising industrialization and installation of new transformers.
On the basis of country, Saudi Arabia is expected to dominate the overall Middle East Transformer Market owing to rising investment and development of new infrastructure.
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The report provides a detailed analysis of the following market segments: