Ocean View, Delaware, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Middle East Distribution Transformer Market size is estimated to reach USD 3.92 billion by 2024; according to a new research report by Global Market Insights, Inc.
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Distribution transformers are primarily used to distribute power in a particular locality, industrial estates as well as remotely located houses and buildings and are usually found on the pole or underground near residential, commercial, or industrial areas. Rising population across the region may further instigate need to save energy, which in turn is expected to catalyze distribution transformer market growth over the forecast timeframe. Growing knowledge pertaining to sustainable development among the general population may further increase demand for energy efficient solutions. These devices represent to be one of the major sources of power loss and are easily measurable and replaceable. Thus, implementation of these innovative systems may aid in power loss reduction.
Energy use in households and commercial buildings accounts for major part of the total energy consumption. Two major sources of energy consumption which can be regulated are interior environment comfort and electrical appliances. Several countries in the Middle East including Egypt, Jordan, Kuwait, Lebanon, Sudan, Syria, Tunisia, and UAE have developed policies to limit the consumption. These policies may spur government initiatives for using efficient devices on power transmission poles across the region in order to further decrease energy consumption at higher level.
Technological development across the electrical equipment sector is expected to be a key factor contributing towards the Middle East distribution transformer market size. Growing trend towards the use of thinner material for outer metallic coating may further reduce losses. Introduction of nanotechnology is anticipated to improve several parameters. For instance, integration of hydrogen sensors with wireless transmission can help monitor device status remotely and take corrective measures efficiently. Smart distribution transformer is also expected to be used in electrical vehicle charging, as it encompasses AC Level 2 charging that can overload distribution network at distant buses.
Browse key industry insights spread across 76 pages with 36 market data tables & 30 figures & charts from the report, “Middle East Distribution Transformer Market Size By Technology (Liquid Filled [Pad Mounted, Pole Mounted], Dry Type), By Product (Small Transformers [0-315 kVA], Medium Transformers [316-2499 kVA], Large Transformers [2500-10000 kVA], Unit Substations), Industry Analysis Report, Regional Outlook (Saudi Arabia, UAE, Qatar, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/middle-east-distribution-transformer-market
Key insights from the report include:
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Global Market Insights has segmented the Middle East distribution transformer market on the basis of product, technology, and region:
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.