Middle East Smart Transformer Market

Middle East Smart Transformer Market

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Aamir

Author :

Aamir Ansari

Vineet

Fact-checked by :

Vineet Pandey

Swapnil

Editor :

Swapnil Hedau

The Middle East smart transformer market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of 1% during 2023–2031. The growth of market is attributed to growing focus of the government over the developed and emerging economies and creating awareness about adoption of smart technological power grid infrastructure and overcome the uncertainties.

Middle East Smart Transformer Market Outlook

Electric vehicles charging points, distributed generation, and aging transmission & distribution (T&D) infrastructure are some of the factors driving the market.

However with the growing demand the energy storage is most likely to surge the smart transformer segment in the region, although the major obstacle that is to be overcome is the poorly formulated government regulation and policies and initiatives to expand and enhance the grid infrastructure.

The smart transformers frequently monitor the voltage and remain in contact with the smart grid allowing it to be administered remotely in the power system. The segment growth is driven by increasing number of investment in developing and strengthening the smart grid infrastructure and digitization in power industry.

Legal authorities across the region are changing their focus on rapid adoption of smart grid technology as a strategic infrastructure investment which allows sustaining long-term economic prosperity and helps in achieving the objective of carbon emission reduction.

This action is estimated to offer immense opportunities to the organizations dealing in with smart transformers market in the near future.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing government initiatives against adoption of smart transformers in emerging economies is expected to spur the market in the coming years.

  • Increasing demand for smart grid technologies and energy storage is estimated to drive the market during the forecast period.

  • Growing awareness and demand towards electric vehicle charging point, and distribution generation is anticipated to boost the market during the projected period.

  • Rising demand of transformers for constant load monitoring and communicate with the consumers is one of the factors ascending the market growth in the coming years.

  • Increasing investment on infrastructure of smart grid technology is anticipated to propel the market during the forecast period.

  • Lack of strategic formulation of rules and planned initiatives act as one of the factor that hinder the market growth.

  • High initial investments required for the implementation of advanced system possess a major challenge that can impede the market expansion in the coming years.

Scope of the market

The report on the Middle East smart transformer market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart transformer market – Middle East Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Distribution Transformers and Power Transformers)

Geographical Scope

Saudi Arabia, United Arab Emirates, Rest of the Middle East

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Schneider Electric SE; Siemens AG; ABB Ltd; Eaton Corporation PLC; General Electric Company.

Market Segment Insights  

The distribution transformer segment is expected to exhibit high CAGR

Based on the types, the market is segregated into distribution transformers and power transformers. The distribution transformer segment is expected to exhibit high CAGR during the forecast period owing to growing focus on renewable energy power generation along with increasing number of electrical infrastructure projects which in-turn claims to attract investments in oil & gas segment as well, with the increasing urbanization and industrial segment it acts as major factors contributing in market growth during the forecast period.

Middle East Smart Transformer Market Type

Saudi Arabia is estimated to dominate the market

In the term of geographies, the market is categorized into Saudi Arabia, United Arab Emirates, and Rest of the Middle East. Saudi Arabia is estimated to dominate the market in the coming years due to new infrastructure developments, huge investments in renewable energy projects, and expansion of existing grids are some of the factors that supports the country to be in dominant position, also current technology of the country are to addressed as an infancy with the favorable government support it is anticipated to thrive the market during the projected period.

Middle East Smart Transformer Market Region

Segments

Segments Covered in the Report

The Middle East smart transformer market has been segregated on the basis of

Types

  • Distribution Transformers
  • Power Transformers

Geographies

  • Saudi Arabia
  • United Arab Emirates
  • Rest of the Middle East

Key Players

  • Schneider Electric SE
  • Siemens AG
  • ABB Ltd
  • Eaton Corporation PLC
  • General Electric Company

Competitive Landscape

Key players competing in the Middle East smart transformer market include Schneider Electric SE; Siemens AG; ABB Ltd; Eaton Corporation PLC; General Electric Company.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

In October 2021, Siemens AG and Deutsch bahn (DB) presents the first automatic train that operates itself on rail traffic.

In October 2021, Siemens AG installed the worlds’ first ever leased rapid response transformer allowing a large generating facility to return to service in Orlando allowing them to provide solution in response to failed conventional transformers at a combined cycle power plant.

Middle East Smart Transformer Market Keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Transformer Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Transformer Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Transformer Market - Supply Chain
  4.5. Global Smart Transformer Market Forecast
     4.5.1. Smart Transformer Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Transformer Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Transformer Market Absolute $ Opportunity
5. Global Smart Transformer Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Smart Transformer Market Size and Volume Forecast by Types
     5.3.1. Distribution Transformers
     5.3.2. Power Transformers
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Smart Transformer Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Transformer Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Transformer Demand Share Forecast, 2019-2026
7. North America Smart Transformer Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Transformer Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Transformer Market Size and Volume Forecast by Types
     7.4.1. Distribution Transformers
     7.4.2. Power Transformers
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Transformer Demand Share Forecast, 2019-2026
8. Latin America Smart Transformer Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Transformer Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Transformer Market Size and Volume Forecast by Types
     8.4.1. Distribution Transformers
     8.4.2. Power Transformers
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Transformer Demand Share Forecast, 2019-2026
9. Europe Smart Transformer Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Transformer Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Transformer Market Size and Volume Forecast by Types
     9.4.1. Distribution Transformers
     9.4.2. Power Transformers
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Transformer Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Transformer Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Transformer Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Transformer Market Size and Volume Forecast by Types
     10.4.1. Distribution Transformers
     10.4.2. Power Transformers
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Transformer Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Transformer Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Transformer Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Transformer Market Size and Volume Forecast by Types
     11.4.1. Distribution Transformers
     11.4.2. Power Transformers
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Transformer Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Transformer Market: Market Share Analysis
  12.2. Smart Transformer Distributors and Customers
  12.3. Smart Transformer Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Schneider Electric SE
     12.4.2. Siemens AG
     12.4.3. ABB Ltd
     12.4.4. Eaton Corporation PLC
     12.4.5. General Electric Company

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