San Francisco, California, Dec. 10, 2015 (GLOBE NEWSWIRE) -- The Middle East feeder and distribution pillar market is anticipated to reach USD 217.4 million by 2022, according to a new study by Grand View Research, Inc. The regional industry is characterized by vast investment in the power sector due to rising electricity demand across the residential and commercial areas.
The industry is expected to witness rise in demand in commercial and light industrial applications over the forecast period. Increasing need for efficient low voltage outdoor electricity distribution along with emerging real estate sector and industrial growth in the region is anticipated to drive demand over the next seven years.
Industry players use premium quality raw material for manufacturing to ensure features such as low maintenance cost, resistivity to adverse conditions, and high endurance. They also offer customized solutions based on the contract or tender to cater to specific needs of the customer. Technological advancement such as smart-grid compatibility may add new dimension to product features, which is anticipated to spur industry growth over the next seven years. Strong research and development activity is expected to be a crucial success factor for feeder and distribution pillar market players.
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Growing needs for effective low-voltage electrical distribution across medical centers, hospitals, education institutions, retail parks, shopping centers, and office buildings are expected to boost adoption over the next seven years.
Fluctuation in raw material and crude oil prices may adversely affect growth, as the Middle East economy is highly dependent on oil prices.
Further key findings from the study suggest:
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Grand View Research has segmented the Middle East feeder and distribution pillar market on the basis of technology and region:
Middle East Feeder & Distribution Pillar Technology Outlook (USD Million, 2012 – 2022)
Middle East Feeder & Distribution Pillar Regional Outlook (USD Million, 2012 – 2022)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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