Middle East Distribution Panel Market Size By Capacity (Low Voltage, Medium Voltage, High Voltage), By Product (Pole Mounted Transformers, Standalone), Industry Analysis Report, Regional Outlook (Saudi Arabia, Qatar, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2023

Published Date: May 2016 | 74 Pages | Report ID: GMI467 Report Format: PDF

Summary Table of Contents Industry Coverage Methodology

Industry Analysis

Middle East Distribution Panel Market size was valued at USD 1.25 billion in 2015, and is expected to grow at 5.3% CAGR from 2016 to 2023.

Saudi Arabia Distribution Panel Market size, by capacity, 2012 - 2023 (USD Million)

Saudi Arabia Distribution Panel Market size, by capacity, 2012 - 2023 (USD Million)

Technological advancements have resulted in development of smart panels that use displays, Ethernet, and modbus interfaces for safe information transmission. It provides better reliability, flexibility, and upgradability to alternate resources, which in turn is likely to propel Middle East distribution panel market growth.

Reduction in energy imports is likely to result in high self-sustainability and less dependency on fossil fuels imports. This in turn may catapult the distribution panel market growth. Technological advancement enables incorporation of several features in these systems such as temperature rated or density rated and ACCESS power monitoring. In addition, technological development leads to reduced complexities in installation and maintenance.

The industry is expected to witness the onset of emerging technologies such as development of efficient products using solar energy for generating clean energy and increasing production efficiency. Efficient products may result in renewable electricity generation, which is anticipated to catapult Middle East distribution panel market demand over the next few years.

The industry is characterized by several standards and regulations pertaining to the installation and operation of these products. For instance, all electrical installation works are required to be carried out only by licensed electrical contractors, as authorized by the Qatar General Electricity & Water Corporation (KAHRAMAA).

Telecommunication, server, and power sectors may escalate product demand over the next few years. The telecommunication industry requires these devices for effective electricity supply, while protecting fuse for every circuit. Additionally, the Middle East power industry is expected to witness considerable growth over the coming years, which may impel demand for efficient distribution panels.

Effectual power supply accompanied by circuit safety concerns is anticipated to fuel in order to maximize the performance of the server industry. The mounting data amount and its associated concerns over the recent past are likely to instigate the use of big data platform as well as cloud technology, which has completely revolutionized the server industry.

Potential damage from building maintenance or construction trades and inevitability of device location plan may hamper product demand significantly. In addition, damage to the power or data communication circuits supplying the control modules may prohibit monitoring and control of the peripheral devices from the point of damage, which is also expected to hinder product demand over the next few years.

Standalone distribution panel market size is estimated to exceed USD 1.1 billion by 2023, growing at 5.7% CAGR from 2016 to 2023. These systems are mainly used for energy storage, electricity generation, and regulation. These off grid electricity systems are ideal for locations not fitted with electricity distribution system.

The pole mounted transformers segment was valued at over USD 500 million in 2015. Rising population and demand for electricity in remote areas of KSA and UAE is expected to drive growth.

Capacity Analysis

High voltage distribution panel market share are predicted to grow at 5.3% CAGR from 2016 to 2023 with revenue forecast to exceed USD 675 million by 2023. Features such as low maintenance, long working life, and small size are expected to propel industry demand.

Medium voltage products were valued at over USD 550 million in 2015 and are likely to witness significant growth prospects from 2016 to 2023. Increasing demand for improvised energy supply and reliability along with optimum management of medium voltage grids is anticipated to boost revenue across the segment.

Regional Analysis

Saudi Arabia is forecast to be the most attractive region. Rapid growing population accompanied by electricity demand from remote areas of KSA is likely to drive growth through 2023. Regional developments such as reduced energy imports are likely to result in high self-sustainability and less dependence on fossil fuels.

UAE distribution panel market accounted for over 9.5% of the overall share in 2015 and is predicted to grow at 5.7% CAGR form 2016 to 2023. Increasing construction projects are projected to drive regional growth over the next seven years. Furthermore, swift penetration of renewable resources, dynamic islanding, high disposable income, distributed control, and increase in generation efficiencies is expected to further catalyze demand.

Competitive Market Share

Industry participants accumulating major industry share include ABB Limited, Schneider Electric SA and Legrand. Other prominent partners are Abunayyan Holding, Alfanar Group, Arabian Gulf Switchgear, Ba`amer Electr, EAMFCO, Hawa Electric Panel Board Factory and Hager.

Industry players are focusing on new product development, new technologies for developing solar panels for electricity generation, and environmentally friendly and efficient devices. Furthermore, they are concentrating on developing innovative boards that would be compatible for multiple applications.

Market Background

Distribution panels are insulated boards or boxes containing circuit breakers, used to make connections with main feeder lines and other branch lines. They divide electrical power supply into subsidiary circuits, and are primarily used for providing a circuit breaker or protective fuse for each circuit in a common enclosure.

The setup includes main breaker that can appropriately cut power to the entire house, along with many other circuit breakers present in the house. Each one is linked by three wires to a connection box or series of outlets along a circuit. These are switches that possess the capability of automatically cutting off electric current in case of overload or some other anomalies. In addition, it also prevents circuits overheating due to defective appliance or wiring problems.

Questions addressed by this report?
What was the historic market data from 2012 to 2015, what is the industry growth forecast from 2016 to 2023?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2023?
What are the technology & innovation trends, how will they evolve by 2023?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
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