MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET 2021-2028

Energy, Power & Utilities | Power

MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET 2021-2028

Market by Type, Technology, Phase, Voltage, End-user, and Country | Forecast 2021-2028

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Triton’s research report determines the dry type transformer market in the Middle East and Africa to witness growth at a compound annual growth rate of 6.37% during the projected years 2021-2028.


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The countries considered for analysis in this market are:

•        The United Arab Emirates

•        Turkey

•        South Africa

•        Saudi Arabia

•        Rest of Middle East & Africa

In the region, the UAE has become a pioneer with the launch of its Energy Strategy 2050. Under this initiative, the country plans to incorporate a large number of clean energy resources to generate electricity to meet future energy requirements. Additionally, the country’s ministry of energy is considering to tender a significant amount of megawatt of renewable-based mega projects each year to meet the energy targets. Besides, the government aims to invest a substantial amount in the renewable energy sector to avert the country’s reliance on subsidized natural gas power. This increase in the integration of renewable projects in the power sector and surge in infrastructure projects will increase the need for T&D infrastructure upgradation, surging the demand for dry type transformers. Hence, these factors are likely to augment the dry type transformer market’s growth within the country.

On the other hand, Saudi Arabia depends heavily on liquid petroleum to generate a significant amount of its electricity. Over the years, the electricity demand has surged significantly, owing to the rising in population, growth in construction activities, and industrialization. Additionally, under the Saudi Vision 2030, the country has announced its plans to initiate several large-scale infrastructure projects to attract tourists. This will increase the need for electricity, influencing the demand for dry type transformers. Thus, such development may positively impact the dry type transformer market across Saudi Arabia.

Hanley Energy GCC is involved in designing, developing, supplying, and installing critical power and energy management solutions. Its product portfolio includes cast resin transformers, Powerlink software, and other products. Besides, the company offers dry type transformers based on cast resin technology as per the customer specifications. Hanley has operations in various regions, including the Middle East and Africa region. 

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Table of Content

1. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET - SUMMARY   

2. INDUSTRY OUTLOOK  

2.1. KEY INSIGHTS      

2.1.1. INCREASING POPULARITY OF BIO-BASED AND NAPHTHENIC TRANSFORMER OIL        

2.1.2. DETERIORATION OF TRANSFORMER OIL DUE TO MOISTURE INGRESS       

2.2. IMPACT OF COVID-19 ON DRY TYPE TRANSFORMER MARKET          

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS    

2.3.2. THREAT OF SUBSTITUTE

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS      

2.3.5. THREAT OF COMPETITIVE RIVALRY  

2.4. MARKET ATTRACTIVENESS MATRIX

2.5. REGULATORY POLICIES & FRAMEWORK   

2.6. VENDOR SCORECARD 

2.7. KEY MARKET STRATEGIES     

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. ACQUISITIONS & MERGERS      

2.7.3. NEW PRODUCT LAUNCHES      

2.8. MARKET DRIVERS         

2.8.1. SURGE IN DOMESTIC DEMAND FOR POWER          

2.8.2. GROWTH IN RENEWABLE ENERGY USE

2.8.3. INCREASING ADOPTION OF SMART GRID AND GROWING SMART DISTRIBUTION NETWORK 

2.9. MARKET CHALLENGES

2.9.1. ADOPTION OF SOLID-STATE TRANSFORMERS      

2.9.2. LIMITATIONS OF DRY TYPE TRANSFORMERS        

2.10. MARKET OPPORTUNITIES     

2.10.1. 3D CORE DRY TYPE TRANSFORMER APPLICATIONS    

2.10.2. DEVELOPMENT OF DIGITAL DRY TRANSFORMERS       

2.10.3. INCREASING ELECTRIFICATION RATE IN AFRICA

3. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET - BY TYPE       

3.1. DRY TYPE CONVERTER TRANSFORMER   

3.2. DRY TYPE RECTIFIER TRANSFORMER       

4. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET - BY TECHNOLOGY  

4.1. CAST RESIN         

4.2. VACUUM PRESSURE IMPREGNATED          

5. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET - BY PHASE    

5.1. SINGLE-PHASE   

5.2. THREE-PHASE    

6. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET - BY VOLTAGE           

6.1. LOW-VOLTAGE    

6.2. MEDIUM-VOLTAGE         

7. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET - BY END-USER        

7.1. INDUSTRIAL         

7.1.1. MARINE        

7.1.2. CHEMICAL   

7.1.3. OIL AND GAS          

7.1.4. RENEWABLE ENERGY GENERATION 

7.1.5. RAILWAY      

7.1.6. OTHERS       

7.2. COMMERCIAL      

7.3. OTHERS     

8. MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET – REGIONAL OUTLOOK                 

8.1. COUNTRY ANALYSIS    

8.1.1. UNITED ARAB EMIRATES

8.1.2. TURKEY       

8.1.3. SAUDI ARABIA        

8.1.4. SOUTH AFRICA      

8.1.5. REST OF MIDDLE EAST & AFRICA       

9. COMPETITIVE LANDSCAPE 

9.1. ABB LTD     

9.2. BHARAT HEAVY ELECTRICALS LTD

9.3. CROMPTON GREAVES LIMITED         

9.4. EATON CORPORATION PLC    

9.5. FUJI ELECTRIC CO LTD

9.6. GENERAL ELECTRIC COMPANY        

9.7. HAMMOND POWER SOLUTIONS INC

9.8. HANLEY ENERGY GCC 

9.9. HITACHI LTD         

9.10. HYOSUNG HEAVY INDUSTRIES       

9.11. HYUNDAI HEAVY INDUSTRIES CO LTD     

9.12. KIRLOSKAR ELECTRIC CO LTD        

9.13. POWER SP Z O O          

9.14. SCHNEIDER ELECTRIC          

9.15. SIEMENS AG      

9.16. TBEA CO LTD     

9.17. VOLTAMP TRANSFORMERS LTD     

9.18. WEG GROUP      

9.19. HYUNDAI HEAVY INDUSTRIES CO LTD     

10. METHODOLOGY & SCOPE  

10.1. RESEARCH SCOPE & DELIVERABLES      

10.2. SOURCES OF DATA     

10.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS MATRIX

TABLE 3: VENDOR SCORECARD

TABLE 4: LIST OF CONTRACTS & PARTNERSHIPS

TABLE 5: LIST OF ACQUISITIONS & MERGERS

TABLE 6: LIST OF NEW PRODUCT LAUNCHES

TABLE 7: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY PHASE, 2021-2028 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2021-2028 (IN $ MILLION)

TABLE 11: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY END-USER, 2021-2028 (IN $ MILLION)

TABLE 12: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)

TABLE 13: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

FIGURE 2: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY TYPE, 2020 & 2028 (IN %)

FIGURE 3: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY DRY TYPE CONVERTER TRANSFORMER, 2021-2028 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY DRY TYPE RECTIFIER TRANSFORMER, 2021-2028 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY TECHNOLOGY, 2020 & 2028 (IN %)

FIGURE 6: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY CAST RESIN, 2021-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY VACUUM PRESSURE IMPREGNATED, 2021-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY PHASE, 2020 & 2028 (IN %)

FIGURE 9: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY SINGLE-PHASE, 2021-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY THREE-PHASE, 2021-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY VOLTAGE, 2020 & 2028 (IN %)

FIGURE 12: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY LOW-VOLTAGE, 2021-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY MEDIUM-VOLTAGE, 2021-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY END-USER, 2020 & 2028 (IN %)

FIGURE 15: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY INDUSTRIAL, 2021-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY MARINE, 2021-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY CHEMICAL, 2021-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY OIL AND GAS, 2021-2028 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY RENEWABLE ENERGY GENERATION, 2021-2028 (IN $ MILLION)

FIGURE 20: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY RAILWAY, 2021-2028 (IN $ MILLION)

FIGURE 21: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 22: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY COMMERCIAL, 2021-2028 (IN $ MILLION)

FIGURE 23: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 24: MIDDLE EAST AND AFRICA DRY TYPE TRANSFORMER MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 25: UNITED ARAB EMIRATES DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 26: TURKEY DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 27: SAUDI ARABIA DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 28: SOUTH AFRICA DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

FIGURE 29: REST OF MIDDLE EAST & AFRICA DRY TYPE TRANSFORMER MARKET 2021-2028 (IN $ MILLION)

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