UAE Power & Distribution Transformer Market (2024-2030) | Analysis, Growth, Share, Revenue, Size, Industry, Outlook, Value, Forecast, Trends & Companies

Topics Covered in the UAE Power & Distribution Transformer Market

UAE Power & Distribution Transformer Market report thoroughly covers the market by types, by rating, by cooling system, and by application. The market outlook 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.

UAE Power & Distribution Transformer Market Synopsis

United Arab Emirates (UAE) has been growing considerably with the introduction of various initiatives and projects being launched to ensure the efficient transmission and distribution of electricity throughout the country. Additionally, the country's population growth, expanding economy, and the need for sustainable energy solutions have all increased the demand for electricity.

According to 6Wresearch, the UAE Power & Distribution Transformer Market size is expected to grow at a CAGR of 6.5% during the forecast period 2024-2030. The high demand for electricity is one of the major growth proliferating aspects of the power and distribution transformer market in the UAE. In addition, the government's focus on developing new infrastructure, such as hospitals, and residential areas, is boosting the demand for electricity. Moreover, with the government's focus on sustainability and reducing GHG level, the renewable energy sector in the UAE is rapidly expanding. The UAE aims to generate 44% of electricity from renewable energy sources by 2050.

Hence, the demand for transformers is increasing that is required to convert the power generated into grid-compatible electricity. However, the market consists of several challenges such as the lack of skilled technicians and engineers, as well as the shortage of raw materials. The demand for sustainable energy solutions has also increased, and transformer manufacturers are under pressure to produce transformers that are environmentally friendly and energy-efficient. Despite these challenges, there are several trends that are leaving a positive impact on the growth of the UAE Power & Distribution Transformer industry. One of these trends is the adoption of smart transformers, which are equipped with sensors that can monitor and regulate power supply. The rising use of renewable energy sources, such as solar and wind power, which require transformers to transmit and distribute power to the grid.

Government Initiatives introduced in the UAE Power & Distribution Transformer Market

The UAE government policies & programmes have been boosting the UAE Power & Distribution Transformer market growth.  The government has introduced various initiatives to ensure the efficient transmission and distribution of electricity, such as the Abu Dhabi Transmission and Despatch Company's (TRANSCO) project to expand the transmission grid infrastructure in the country. The Dubai Electricity and Water Authority (DEWA) is also implementing a smart grid initiative, which aims to facilitate sustainable energy solutions to the population of Dubai.

Key Players in the UAE Power & Distribution Transformer Market

Market has several prominent players such as ABB, Siemens, and General Electric. However, there are also local players in the market, such as Emirates Transformer & Switchgear Ltd. and United Transformers Electric Company, who are working to build a strong existence in the market.

Market Analysis by Type

According to Shivankar, Research Manager, 6Wresearch, the distribution transformer segment is continuously expanding in the market owing to the rapid growth of residential areas and infrastructural growth in the country.

Market Analysis by Application

Based on the application, Power Utilities have been leading the way in this market owing to high requirement in the transmission and distribution of electricity. Also, the deployment of new renewable energy projects is another aspect boosting the Power Utility sector.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• UAE Power & Distribution Transformer Market Overview
• UAE Power & Distribution Transformer Market Outlook
• UAE Power & Distribution Transformer Market Forecast
• Historical data of UAE Power & Distribution Transformer Market Revenues for the Period 2020-2030
• UAE Power & Distribution Transformer Market Size & UAE Power & Distribution Transformer Market Forecast of Revenues until 2030
• Historical Data of UAE Power & Distribution Transformer Market Revenues, By Types, for the period 2020-2030
• Market Size and Forecast of UAE Power & Distribution Transformer Market Revenues, By Types, until 2030
• Historical Data of UAE Power & Distribution Transformer Market Revenues, By Rating, for the period 2020-2030
• Market Size and Forecast of UAE Power & Distribution Transformer Market Revenues, By Rating, until 2030
• Historical Data of UAE Power & Distribution Transformer Market Revenues, By Cooling System, for the period 2020-2030
• Market Size and Forecast of UAE Power & Distribution Transformer Market Revenues, By Cooling System, until 2030
• Historical Data of UAE Power & Distribution Transformer Market Revenues, By Applications, for the period 2020-2030
• Market Size and Forecast of UAE Power & Distribution Transformer Market Revenues, By Applications, until 2030
• UAE Power & Distribution Transformer Market Drivers & Restraints
• UAE Power & Distribution Transformer Market Trends & Evolution
• UAE Power & Distribution Transformer Market Industry Life Cycle
• UAE Power & Distribution Transformer Market Opportunity Assessment
• UAE Power & Distribution Transformer Market Share, By Players
• UAE Power & Distribution Transformer Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Types

• Power Transformer
• Distribution Transformer

By Rating

• Power Transformer
  • 1 MVA – 50 MVA
  • 50.1 MVA – 160 MVA
  • 160.1 MVA – 350 MVA
  • Above 350 MVA
• Distribution Transformer
  • Up to 100 kVA
  • 100.1 – 315 kVA
  • 315.1 – 5 MVA

By Cooling System

• Dry Type
• Liquid Type

By Applications

• Power Utilities
• Industrial