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Middle East Distribution Transformer Market Trends

Report ID: GMI686
Published Date: May 2023
Report Format: PDF

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Middle East Distribution Transformer Market Trends

The electricity consumption across the GCC nations has observed a significant growth attributed to the rising energy demand, primarily from residential and commercial users. With the global statistics hovering around 25%, almost 47% of the region’s energy consumption has siphoned in suburban establishments. Furthermore, re-establishment of the electric grid infrastructure in war affected GCC nations to sustain the economic growth will drive middle east distribution transformer market. As per the EIA, the per capita electricity consumption in the Gulf is projected to witness an appreciable turnaround from 2007 to 2035, predominantly credited to the growing population.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Middle East market for distribution transformer crossed USD 1.6 billion in 2022 and will grow at a 7% CAGR by 2032, says this GMI report.

The berry core distribution transformer market for Middle East was valued at USD 280 million by 2022 and is set to observe 8.5% growth rate through 2032.

Saudi Arabia distribution transformer market will showcase over 6% CAGR from 2023 to 2032 due to the lack of grid infrastructure across countries along with the increasing electricity demand.

Global Transformers & Switchgears FZCO, Eurogulf Transformers, Abaft Middle East Transformer Ind. LLC, ABB, Alfanar Electrical Systems, General Electric, Saudi Transformers, Arabian Transformers, Saudi Power transformers Company Ltd.