Middle East Load Break Switch and Recloser Market 2018-2024: Market Forecast by Voltage Rating, Insulation Type, End Users, Countries, and Competitive Landscape - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 11, 2018--The “Middle East Load Break Switch and Recloser Market (2018-2024): Market Forecast by Voltage Rating, by Insulation Type, by End Users, by Countries, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Middle East Load Break Switch and Recloser Market revenues are projected to grow at a CAGR of 6.7% and 5.5%, respectively during 2018-24.
Investment in the existing power transmission & distribution network coupled with the development of new power infrastructure to curb the increasing power demand would drive the demand for Load Break Switch and Recloser market in the Middle East region. Further, the Middle East countries are strengthening their non-oil sectors which includes setting up of new offices, residential units, education institutes, data centers, hotels, and manufacturing facilities. These initiatives would also act as some of the key growth drivers of the Load Break Switch and Recloser Market.
Sustained construction and industrial development activities coupled with rising electricity demand from the residential and commercial sectors would increase the demand for power in the Middle Eastern region which in turn would drive the market for recloser and load break switches. Additionally, government plans such as Saudi Vision 2030, Qatar National Vision 2030 and Dubai Vision 2021 are expected to further boost the demand for load Break switch & recloser market over the coming years.
Saudi Arabia, Turkey and UAE captured majority of the revenue share in the Middle East Recloser and Load Break Switch market in 2017 and would continue their dominance during the forecast period on account of increasing electricity demand and upcoming mega infrastructure projects such as Neom, the Red Sea Project, Abu Dhabi’s Barakah nuclear-power plant and Osmangazi Electrik Dagitim (OEDAS).
By Voltage Ratings:< 27 Kv 27 KV and Above
By Insulation Types:Gas Vacuum Others
By End Users:Distribution Utilities Others (Railway and Industrial)
By Countries:Saudi Arabia UAE Qatar Kuwait Bahrain Oman Turkey Iran
For more information about this report visit https://www.researchandmarkets.com/research/f694gd/middle_east_load?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005434/en/
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Related Topics:Insulation ,Electricity ,Electrical Switches
KEYWORD: MIDDLE EAST
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS MANUFACTURING ENGINEERING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/11/2018 08:38 AM/DISC: 10/11/2018 08:38 AM