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Middle East & Africa High Voltage Power Transformer Market Share

Report ID: GMI8474
Published Date: Mar 2024
Report Format: PDF

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Middle East & Africa High Voltage Power Transformer Market Share

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Siemens Energy holds a significant market share in the Middle East & Africa high voltage power transformer industry due to its advanced technology, reliability, and extensive experience in providing power solutions. Siemens Energy's innovative transformer designs and commitment to sustainable energy solutions have solidified its position as a preferred supplier for utility companies and infrastructure projects across the region.

Middle East & Africa High Voltage Power Transformer Market Companies

Major participants operating across the Middle East & Africa high voltage power transformer industry are:

ABB
Abaft Middle East Transformer
alfanar Group
Elsewedy Electric
Emirates Transformer and Switchgear Ltd
EUROGULF TRANSFORMERS
Federal Transformers Company LLC
General Electric
Hyosung Heavy Industries
HD HYUNDAI ELECTRIC CO., LTD.
Hitachi Energy Ltd
LS ELECTRIC Co., Ltd
Matelec Group
Mitsubishi Electric Corporation
SGB SMIT
Siemens Energy
The Saudi Transformer Co. Ltd.
Toshiba Energy Systems & Solutions Corporation
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of high voltage power transformer in Middle East & Africa was reached USD 3.7 billion in 2023 and is set to expand at 7.2% CAGR from 2024 to 2032, driven by rapid urbanization, industrialization, and infrastructure development initiatives necessitating robust electricity transmission networks.

The oil immersed cooling segment accounted for more than 60% share of the Middle East & Africa high voltage power transformer market in 2023 and is poised for substantial growth through 2032 owing to efficient heat dissipation, enhanced insulation properties, and greater reliability in harsh environmental conditions prevalent in the region.

Saudi Arabia high voltage power transformer market size is anticipated to surpass USD 1.9 billion by 2032, owing to the increasing demand for electricity across the country due to industrialization and urbanization, which is fueling the need for reliable power infrastructure.

Some of the top firms engaged in the MEA high voltage power transformer industry are ABB, alfanar Group, Elsewedy Electric, Emirates Transformer and Switchgear Ltd, EUROGULF TRANSFORMERS, General Electric, Hyosung Heavy Industries, HD HYUNDAI ELECTRIC CO., LTD., Hitachi Energy Ltd, LS ELECTRIC Co., Ltd, Matelec Group, Mitsubishi Electric Corporation, Siemens Energy, The Saudi Transformer Co. Ltd., Toshiba Energy Systems & Solutions Corporation, and WEG, among others.