According to the recent research report titled ‘Middle East Distribution Transformer Market Value By Insulation, Phase, Rating, Mounting, Application, Core, Winding, Installation, Cooling, Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, Middle East distribution transformer market is projected to record substantial growth during 2020-2026.
 

Increasing investments towards upgradation of existing power supply grid network is primarily driving the growth of Middle East distribution transformer market. In addition, growing efforts to increase access to electricity also adds momentum to the market growth.
 

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Widespread replacement of single-phase system with three-phase systems owing to its efficiency will further augment the industry outlook. Growing public and private investments to reduce demand & supply gap will propel Middle East distribution transformer market outlook.
 

Expansion of real estate sector along with growing infrastructural development activities, shifting focus of various regulatory bodies across the region towards deployment of efficient power supply systems, and increasing focus on incorporation of renewable energy systems will boost the demand for distribution transformers across Middle East in the ensuing years.
 

Surging demand for affordable and reliable power across several industrial and commercial facilities including the datacenters is fueling Middle East distribution transformer industry trends. Favorable government initiatives for development of new manufacturing facilities to decrease dependency on import will positively impact the market forecasts.
 

Speaking of phase type, three phase distribution transformer industry segment in Middle East is projected to grow substantially through 2026, owing to ease of installation, compact size, and high efficiency of these units. Additionally, structural benefits including low maintenance, superior control over magnetic flux, and considerable mechanical strength are fostering the demand for three phase units.
 

Based on core type, shell segment of Middle East distribution transformer industry is anticipated to record a decent growth rate during 2020-2026, owing to its improved efficiency and cost effectiveness as compared to traditional units. Moreover, incorporation of smart monitoring units is likely to stimulate product penetration over the study period.
 

From the regional perspective, Oman distribution transformer market is expected to expand substantially over the analysis timeframe, on account of increasing population and surging energy demand. Shifting attention of government on upgradation and refurbishment of existing distribution & transmission network is also contributing to Oman market revenues.
 

Major contenders in Middle East distribution transformer market are Voltamp Energy SAOG, Elsewedy Electric Co. S.A.E., Ormazabal, Hyosung Power & Industrial Systems, Bharat Heavy Electricals Limited, Eaton Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, United Transformers Electric Company, CG Power and Industrial Solutions Limited, Schneider Electric, Siemens AG, General Electric, and ABB Limited.