- The Middle East feeder and distribution pillar market was worth USD 130 million in 2014. It would grow at a CAGR of around 6.1% from 2015 to 2022 (forecast period). Escalating demand for residential, commercial, and light industrial applications in the Middle East will drive the market. Increasing urbanization is contributing high demand for power.
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The need for reliable & low voltage outdoor power and smart-grid compatible products is on the rise. Demand for these products would emerge mainly from hospitals, retail parks, educational institutes, office buildings, medical centers, and educational institutions. Demand for the protection of transformers & cables from electrical faults will also fuel the Middle East feeder and distribution pillar market.
However, volatile raw materials & crude oil pricings may prove detrimental to growth. Oil prices have a large impact on the economic growth of this region. Thus, any fluctuations in the same could affect the feeder and distribution pillars of the Middle East.
The market is split on the basis of technologies and geographies. Single-phase and three-phase are the technologies. Single-phase technology is adopted in places which need power to be provided to small number of houses. Three-phase is mainly used for bulk power delivery across residential townships and large industries.
Three-phase technology generates maximum demand for the Middle East feeder and distribution pillar market. It is likely to grow at a CAGR exceeding 5.9% in the next seven years. Air circuit breakers, molded cases, and other new products have come up as a result of product innovations. They have introduced affordability, safety, and flexibility. This would also steer market sales.
The geographies market comprises Saudi Arabia, Qatar, and U.A.E. Saudi Arabia is estimated o be the leading segment in the forthcoming years. It will account for more than 44% of the total market by 2022. Propellers of the Saudi Arabian market include infrastructural growth and electricity demand in residential applications. U.A.E. would witness significant growth in the near future.
Dominant players of the Middle East feeder and distribution pillar market encompass Lucy Electric, Schneider Electric, Qatar International Electrical, Hager Group, and KEMCO Group. They focus on research & developments for expansion. They use superior raw materials to decrease maintenance costs and promote endurance.
Information Source: Grand View Research
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