Market Forecast By Insulation Type (Vacuum Circuit Breaker, Air Circuit Breaker, Gas Circuit Breaker, Oil Circuit Breaker), By Voltage (Medium Voltage, High Voltage), By Installation (Indoor, Outdoor), By End User (T&D Utilities, Power Generation, Renewables, Railways) And Competitive Landscape
Product Code: ETC431437 | Publication Date: Jun 2023 | Updated Date: Feb 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Qatar is one of the fastest growing economies in the Middle East and its power sector has been witnessing robust growth over the past few years. This has led to an increased demand for circuit breakers in Qatar. The country’s government has invested heavily in expanding electricity production capacity, which is expected to further boost circuit breaker demand. Increasing investments towards infrastructure and industrial projects are also projected to spur market growth during the forecast period. Further, rising awareness among consumers regarding energy efficiency is likely to provide impetus to the segment over the forthcoming years. Manufacturers are introducing technologically advanced products such as intelligent circuit breakers that offer enhanced safety and protection against overloads owing to their built-in self-diagnostics features. Moreover, leading companies are focusing on strengthening their presence through strategic collaborations with regional distributors thus creating new opportunities for market expansion across Qatar