NEW YORK, August 9, 2016 /PRNewswire/ --
Anticipated expansion and upgrading of power transmission and distribution networks to boost GCC insulators market through 2021
According to TechSci Research report "GCC Insulators Market By Rating, By Type, Competition Forecast & Opportunities, 2011 - 2021", insulators market in GCC is projected to reach US$ 409 million by 2021, on account of increasing investments in power projects driven by expanding population base, growing manufacturing sector, and rapid expansion of infrastructure projects such as railways, sea ports, etc. Insulators are widely used in transmission and distribution networks to prevent energy loss by acting as a barrier between current carrying cables and supporting towers. Over the next five years, anticipated expansion of transmission and distribution networks in GCC nations to supply power from source of generation to demand location is projected to drive demand for insulators in the region.
Power Generation Capacity in GCC Countries, 2013 (Megawatts)
Power Generation Capacity in Country Megawatt Saudi Arabia 53.62 United Arab Emirates 27.23 Kuwait 14.7 Qatar 7.95 Oman 5.81 Bahrain 3.94
Browse 15 market data Tables and 36 Figures spread through 143 Pages and an in-depth TOC on
"GCC Insulators Market"
On the basis of ratings, GCC insulators market is categorized into low voltage insulators, medium voltage insulators and high voltage insulators. Low voltage insulators segment accounts for the largest share in the region's insulators market on account of rapid expansion of low voltage distribution lines to cater to the growing electricity demand from the residential segment. Saudi Arabia dominates GCC insulators market due to growing housing sector and increasing inclination of the country to diversify into non-oil sectors such as manufacturing, real estate, infrastructure, etc. Insulators market in the GCC region is dominated by global electrical equipment manufacturers such as ABB, NGK insulators and Toshiba Gulf FZE.
"Growing infrastructure developments and increasing focus of GCC nations to develop their manufacturing sector is projected to boost demand for electricity in the region over the next five years. Moreover, growth of real estate markets in the region is driven by rapidly growing population base in these countries. In order to cater to rising need for housing, UAE, Saudi Arabia and Qatar have initiated several housing and real estate projects. Moreover, in order to address the rising demand for electricity, various major GCC countries have announced massive investments in power sector projects, particularly in power transmission and distribution segment, which would drive demand for insulators in the coming years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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"GCC Insulators Market By Rating, By Type, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of insulators market across the GCC region and provide statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in the insulators market in the GCC region.
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