GCC Smart Transformers Market By Type (Power Transformers, Distribution Transformers, Specialty Transformers and Instrument Transformers), By Component (Converters, Switches, Transformers, Hardware for Transformer Monitoring and Others), By Application (Traction Locomotive, Electric Vehicle Charging, Smart Grid and Others), By Country, By Company, Competition, Forecast & Opportunities, 2027

GCC smart transformers market is expected to witness formidable growth during the forecast period on account of increasing power demand and increasing importance on alternative energy production in the region. Moreover, increasing investments in smart grids and energy systems, and revamping of old T&D infrastructure are expected to drive the smart transformers market in the region over the coming years.

GCC smart transformers is segmented based on type, component, application and country. At the regional level, the market is segmented into UAE, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. Out of these, UAE is anticipated to continue its dominance during the forthcoming years on account of increasing energy demand in the country.

Some of the major key players operating in GCC smart transformers include ABB Group, Schneider Electric, Siemens AG, Eaton Corporation plc, Wilson Transformer Company Pty Ltd., Mitsubishi Electric Corporation, General Electric, Gridco, SPX Transformer Solutions, Howard Industries, Inc., Bharat Heavy Electricals Limited.

Objective of the Study:

·         To analyze and forecast the market size of smart transformers in terms of value.

·         To classify and forecast global smart transformers based on type, components, application and country wise distribution.

·         To identify drivers and challenges for GCC smart transformers market.

·         To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in GCC smart transformers.

·         To identify and analyze the profile of leading players involved in the manufacturing of smart transformers.

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of smart transformers manufacturers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, application, distribution channel and regional presence of all major smart transformers manufacturers across GCC.

TechSci Research calculated the market size of smart transformers market using a bottom-up approach, where data for various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Smart transformers manufacturers, suppliers and distributors
• Government bodies such as regulating authorities and policy makers

·         Organizations, forums and alliances related to smart transformers market

• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as smart transformers manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, GCC smart transformers has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• GCC Smart Transformers Market, by Type:
• Power Transformers
• Distribution Transformers
• Specialty Transformers
• Instrument Transformers
• GCC Smart Transformers Market, by Component:
• Converters
• Switches
• Transformers
• Hardware for Transformer Monitoring
• Others
• GCC Smart Transformers Market, by Application:
• Traction Locomotive
• Electric Vehicle Charging
• Smart Grid
• Others
• GCC Smart Transformers Market, by Country:

o    UAE

o    Bahrain

o    Saudi Arabia

o    Oman

o    Qatar

o    Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in smart transformers.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.