Middle East Transfer Switch Market 2018-2024: Market Forecast by Types, Transition Mode, Ampere Rating, Applications and Competitive Landscape - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 5, 2018--The “Middle East Transfer Switch Market (2018-2024): Market Forecast by Types, by Transition Mode, by Ampere Rating, by Applications, by Countries and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Middle East Transfer Switch Market revenues are projected to grow at a CAGR of 4.8% during 2018-2024
The market for transfer switch has registered substantial growth in the Middle East region as a result of growing technological precision favored by rapid commercialization as well as escalating industrial expenditure. These factors have increased the demand for a reliable and safe operating environment. Further, economic diversification plans and expansion of power infrastructure across the region would also surge the transfer switch market over the next six years.
UAE, Saudi Arabia, and Kuwait government are taking major steps to strengthen the non-oil sectors due to the recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With expected recovery of crude oil prices in 2017 and increase in public infrastructure development for the next 5 years, the market is likely to rebound during the forecast period.
Small and medium rating transfer switches (Below 400A) are expected to register strong growth during the forecast period due to high demand from residential and commercial sectors. Upcoming mega projects such as Lusail city, railway network expansion and economic cities would also drive the transfer switch market during the forecast period. Some of the key players in Middle East transfer switch market include- Schneider Electric, Eaton, Socomec and ABB.
By TypesAutomatic Transfer Switch Manual Transfer Switch
By Transition ModeOpen Transition Mode Closed Transition Mode
By Ampere Rating0-400A 400-1600A Above 1600A
By ApplicationsIndustrial Commercial Residential
By CountriesSaudi Arabia UAE Iran Kuwait Oman Qatar Rest of Middle East
Companies MentionedABB Ltd. Eaton Corporation Plc General Electric Legrand SNC FZE Schneider Electric Socomec Middle East Tripp Lite Vertiv Co.
For more information about this report visit https://www.researchandmarkets.com/research/s7rvt2/middle_east?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005385/en/
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Related Topics:Electrical Switches
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SOURCE: Research and Markets
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PUB: 09/05/2018 04:13 AM/DISC: 09/05/2018 04:13 AM