The Middle
East MCCB market is expected to reach USD 652.4 million by
2022, according to a new study by Grand View Research, Inc. Increasing demand
for electricity and reliable power delivery coupled with inadequate electric
power infrastructure is expected to fuel demand. Emergence of smart grids in
power transmission and distribution systems is projected to drive the MCCB
industry.
Large-scale demand for power infrastructure
to provide efficient operation of transmission and distribution has increased
dynamically over the past few years. Rising need to enhance the power
infrastructure as aging transmission cannot support the bulk power currently
required is expected to drive demand over the next seven years.
Rapid expansion of power distribution &
transmission system and rapid growth of heavy industries such as
petrochemicals, oil & gas, steel and other metals is expected to positively
impact the MCCB market. Completion and introduction of mega construction
projects including commercial centers and economic cities combined with replacement
of aging and inefficient instruments is expected to spur demand across the
region.
Access
Research Report of Middle East Molded Case Circuit Breakers (MCCB) Market@:
Further key findings from the study suggest:
· Thermal magnetic strip-based MCCBs accounted
for over 60% of the overall revenue in 2014. They are the most common
over-current protection devices. Their characteristic inverse time tripping
under overload condition is suited for varied applications from residential to
heavy industrial loads. Further, they are suited for several general-purpose
applications as they are temperature-sensitive and automatically follow safe
cable and equipment loadings, thus leading to higher demand across the region.
· Microprocessor segment is estimated to
witness robust demand by 2022. It forms an integral part of electronic trip
unit (ETU) and perform several protection functions such as the short,
long-term delay trip function, ground fall, and instantaneous trip function.
This technology is expected to heavy replace conventional systems with a CAGR
of over 8.0% from 2015 to 2022.
· Saudi Arabia dominated the Middle East MCCB
market in 2014 and is expected to grow at a CAGR of over 7.0% from 2015 to
2022. Increasing government initiatives for increasing power generation
capacity are expected to favor the regional market. For instance, the Saudi
government is expected to spend over USD 65 billion from 2014 to 2017 to
increase power generation by 18,000 MW and to install 234 transfer stations
along with 20,000 km of transmission lines.
· Middle East MCCB market share is occupied
by companies such as General Electric, Siemens, ABB, Hitachi, Eaton, Havells,
and Mitsubishi. Manufacturers aim at developing innovative circuit protection
solutions to meet the customers’ demand. In August 2015, ABB won orders worth
USD 150 million from the Saudi Electric Company (SEC) for expanding five
existing substations, thus helping to ready the region’s transmission system
for a 50 percent expansion of power generation capacity to accommodate a
growing economy.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/semiconductors
Grand View Research has segmented the
Middle East MCCB market on the basis of product and region:
Middle East MCCB Product Outlook (Revenue,
USD Million, 2012 – 2022)
·
Thermal Magnetic
·
Microprocessor
Middle East MCCB Regional Outlook (Revenue,
USD Million, 2012 – 2022)
·
Saudi Arabia
·
Qatar
·
UAE
Access Press Release of
Middle East Molded Case Circuit Breakers (MCCB) Market@: www.grandviewresearch.com/press-release/middle-east-mccb-analysis
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment