Middle-East Smart Transformer Market Size

Middle East Smart Transformers Market Analysis

The Middle-East smart transformer market is expected to grow at a CAGR of more than 1% during the forecast period of 2020 - 2025. Factors such as the increasing focus of governments across the developed and emerging economies on adopting smart technology in power grid infrastructure and efforts to overcome rising challenges, such as aging transmission and distribution (T&D) infrastructure, electric vehicle charging, and distributed generation, are expected to benefit the growth of smart transformers across the globe. Moreover, the increasing demand for smart grid technologies and energy storage initiatives is likely to further drive the smart transformer market during the forecast period in the region. The challenge, however, is the problem of poor government regulations and initiatives to expand and modernize the grid infrastructure, which is expected to limit the growth of the market studied.

• Distribution transformers, which are to communicate with consumers and for continuous load monitoring, are expected to be the major segment in the smart transformers market.
• A number of governments across the region are increasingly viewing smart grid technology as a strategic infrastructural investment that will sustain their long-term economic prosperity and help them to achieve their carbon emission reduction targets. This, in turn, is expected to provide an ample amount of opportunity to the companies involved in smart transformers market in the near future.
• Saudi Arabia is expected to dominate the market primarily driven by the transmission and distribution developments and industrial growth in the country.