Qatar Busbar Market to Witness CAGR 12% till 2021
High per capita electricity consumption coupled with growing
infrastructure development and booming industrial sector to drive Qatar busbar market
through 2021
According to a recently published TechSci Research report “Qatar Busbar Market By Type, By End User, Competition Forecast & Opportunities,
2011 – 2021”, busbar market in the country is anticipated to grow at a CAGR of 12% during 2016 - 2021. Rising population
in the country is driving demand for air conditioners, refrigerators and other
electric appliances, which is consequently boosting electricity consumption,
and thereby driving busbar market in Qatar. Anticipated growth in per capita electricity
consumption coupled with strengthening of power distribution and transmission
system in the country are expected to continue boosting Qatar busbar market
during the forecast period. With the rollout of National Vision 2030, Qatar has planned to
make huge investments in building infrastructure pertaining to utilities as
well as residential and industrial sectors in the coming years. Further, demand
for busbars would also be stimulated over the next five years with various
construction and infrastructure projects being undertaken for hosting FIFA
World Cup 2022 in the country.
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9 market data Tables and 25 Figures spread through 124 Pages and
an in-depth TOC on "Qatar
Busbar Market "
https://www.techsciresearch.com/report/qatar-busbar-market-by-type-low-up-to-125-a-medium-126-a-to-800-a-high-above-801-a-by-end-user-utilities-industrial-residential-other-competition-forecast-opportunities-2011-2021/744.html
Low power busbar (up to 125 A) accounted for the largest
share in Qatar busbar market in 2015, followed by High and Medium power busbar segments.
Qatar Electricity &
Water Company is planning to invest US$ 22 billion in strengthening and
expanding the country’s power and water infrastructure by 2019. Moreover, total
electricity production in Qatar is likely to surpass 11,000 MW by the mid of
2018, thereby boost demand for busbars in the country in the coming years. Accounting
for a value share of more than 40% in 2015, Doha province dominates the busbar
market in Qatar, and the region is forecast to continue its dominance during
the forecast period.
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Qatar is developing its
refinery and petrochemical processing infrastructure in order to promulgate
industrial diversification, which calls for the development of electrical
infrastructure, including building new power plants and transmission and
distribution network, consequently boosting demand for busbars in the country. “Owing
to continuing growth in residential, industrial and commercial segments,
coupled with initiation of smart power distribution and transmission systems
and integration of renewable energy to the country’s grid infrastructure, demand
for busbars in Qatar is expected to grow in the coming years.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Qatar Busbar Market By Type, By End User, Competition Forecast &
Opportunities, 2011 – 2021” has evaluated the future growth potential of busbar market in
Qatar and provides statistics and information on market structure, industry
behaviour 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 Qatar busbar market.
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