Market World Middle East Distribution Transformer Market | Page 3

Regional Insights The electricity sector is privatized in numerous Middle East economies, so this factor is projected to be a major industry development factor over the upcoming period. Fast growth in the industrial sector, mainly in industries like petrochemicals along with oil & gas is expected to drive demand in Saudi Arabia. UAE Distribution Transformer market has also witnessed high growth owing to early technology adoption in this region. Also, availability of a large amount of coastal region for water transportation in the many countries in Middle East region may ease raw materials procurement in this region, which is expected to propel demand over the next few years. Competitive Market Share Insights Leading transformer manufacturers give emphasis on practices like merger & acquisition for establishing a presence in the Middle East region. For example, General Electrical acquired Alstom to increase its product portfolio in the market. Local manufacturers concentrate on providing high-quality products across the particular country. Important companies that lead the market include ABB, Siemens, Electrical Systems, Saudi Federal, GE, Bawan, and Alfanar. Market Segment: Distribution Transformers Product Outlook (Revenue, USD Million, 2012 - 2022) • Small Transformers • Medium Transformers • Large Transformers • Unit Substations Distribution Transformers Technology Outlook (Revenue, USD Million, 2012 - 2022) • Liquid Filled • Pad mounted • Pole mounted • Dry Type Distribution Transformers Regional Outlook (Revenue, USD Million, 2012 - 2022) • Saudi Arabia • UAE