Tag Archives: Middle East Distribution Transformer Market

Middle East Distribution Transformer Market Is Expected To Reach $3.59 BillionDuring the Forecast Period: Grand View Research, Inc.

San Francisco, 08 January 2019; The Middle East distribution transformer market is expected to reach USD 3.59 billion by 2022, according to a new study by Grand View Research, Inc. The need for effective electrical distribution has led to increasing adoption across the power, commercial and industrial sectors; this is anticipated to fuel product demand. Several benefits including reduced line loss, better power quality, reduced energy costs and optimal energy use are expected to catapult industry growth significantly. They also offer investment related benefits, improved reliability and compatibility. The escalating need to overcome current losses along with the rising electricity demand is also anticipated to fuel demand over the forecast period.