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Based on core, the closed segment is expected to cross USD 1.2 billion by 2032 since they are known for their high efficiency and reduced energy losses, are becoming increasingly popular due to the region’s focus on improving energy efficiency and reducing operational costs. These transformers offer better magnetic flux distribution and lower noise levels, making them suitable for urban and industrial applications where space and noise are critical concerns.
Based on winding, the Middle East distribution transformer market from two winding segment is anticipated to expand at a CAGR of 6.3% through 2032 owing to the ongoing expansion of the power grid in the Middle East, driven by rapid urbanization and industrialization. Two-winding transformers, with their proven performance and lower installation and maintenance costs, are well-suited to meet these needs, supporting infrastructure development and ensuring stable power supply.
Saudi Arabia distribution transformer market is anticipated to surpass USD 800 million by 2032 on account of rapid urban growth and industrial expansion in cities like Riyadh, Jeddah, and Dammam are significantly increasing electricity demand. Large-scale infrastructure projects, including the development of smart cities and industrial zones, necessitate advanced distribution transformers to ensure reliable and efficient power supply. Saudi Arabia's Vision 2030 plan aims to diversify the economy and reduce its dependence on oil. This involves massive investments in infrastructure, energy, and technology sectors, boosting the demand for modern and efficient distribution transformers.