Middle East & Africa High Voltage Power Transformer Market Trends
Middle East & Africa high voltage power transformer industry is anticipated to grow exponentially owing to the ongoing shift towards energy efficiency and sustainability, leveraging IoT and advanced analytics for predictive maintenance. Interconnection projects and eco-friendly insulation materials are gaining traction, while the expansion of renewable energy storage solutions alongside transformers is enhancing grid stability.
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.
