The market for insulators in GCC is forecast to cross US$ 409 million by 2021, on account of robust expansion of transmission and distribution (T&D) network.
Continuing increase in energy consumption across the GCC region has resulted in higher capital expenditure in transmission and distribution over the last decade, resulting in boosting demand for insulators. Demand for electricity has been growing in the region due to fast growing population base, rapid industrialization, increasing real estate development, and rising number of transportation and utility projects.
Additionally, increasing inclination of GCC countries to diversify their economies by focusing on non-oil sectors such as infrastructure, railways and real estate is driving demand for electricity, and thereby resulting in expansion of power transmission and distribution infrastructure in the region. Development of distribution lines to address the rising electricity demand from end users is projected to fuel growth in the region's insulators market through 2021.
Few of the major factors propelling expansion of T&D network in the region include growing manufacturing sector, upcoming housing projects and increasing number of renewable energy projects. Furthermore, majority of GCC nations are increasing focus on upgrading their respective transmission and distribution networks in order to reduce energy related losses, thereby driving insulators market in the region.
- ABB Saudi Arabia
- Aditya Birla Insulators
- Bharat Heavy Electricals Limited
- Dalian Insulators Group Co. Ltd.
- Emco Industries Limited
- General Electric Grid Solutions
- Hubble Power Systems Inc.
- Lapp Insulators
- Maclean Power Systems
- NGK Insulators Ltd.
- PPC Insulators
- Siemens Saudi Arabia
- Toshiba Gulf FZE
- WT Henley
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. GCC Power Sector Overview
5. GCC Insulators Market Outlook
6. GCC Low Voltage Insulators Market Outlook
7. GCC Medium Voltage Insulators Market Outlook
8. GCC High Voltage Insulators Market Outlook
9. Saudi Arabia Insulators Market Outlook
10. UAE Insulators Market Outlook
11. Kuwait Insulators Market Outlook
12. Oman Insulators Market Outlook
13. Qatar Insulators Market Outlook
14. Bahrain Insulators Market Outlook
15. Market Dynamics
16. Market Trends & Developments
17. Channel Partner Analysis
18. Competitive Landscape
19. Strategic Recommendations
For more information about this report visit http://www.researchandmarkets.com/research/w9wrqh/gcc_insulators
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SOURCE Research and Markets