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This “Qatar medium voltage substation market, by component (circuit breakers, protective relays, transformers, switchgear, etc.), by type (transmission and distribution), by end use, by category, by region, competition forecasts and opportunities, 2016-2026” Report has been added to ResearchAndMarkets.com provide.
Qatar’s medium voltage substation market will reach 342.1 million U.S. dollars in 2020 and is expected to grow at a compound annual growth rate of over 8.58% by 2026.
The growth of electricity consumption, industrialization and rapid urbanization in all parts of Qatar has promoted the growth of the medium voltage substation market.
In addition, high-level infrastructure construction, a growing transportation sector, and a growing manufacturing sector are expected to drive power demand, which is likely to create opportunities for the medium voltage substation market in the near future.
In addition, the government is increasingly concerned about shifting the national economy from hydrocarbons to diversification and encouraging sustainable use of resources (such as the use of solar energy), which is expected to become a catalyst for the development of medium-voltage substations in the country.
According to the components, the market can be subdivided into circuit breakers, protective relays, transformers, switchgear, etc. Transformers dominate the market in 2020. Supported by the growth of the country’s industrial and commercial sectors, this segment is expected to maintain its market dominance during the forecast period.
The transformer is the main component of the substation, which reduces the transformation or transformation to a lower level for use by the end user. The growth of transformers is driven by process control systems and their installation in renewable energy systems and their application in the country’s technological development.
According to the type, the market can be divided into transmission and distribution. The main goal of the substation is to dominate the distribution market in 2020, because the main goal of the substation is to step down high-voltage power from the transmission system to low-voltage power so that end users can use it through distribution lines.
According to the end use, the market can be subdivided into metals, utilities, mining, oil and gas, transportation, etc. Due to the increase in the country’s public transportation sector, the transportation sector is expected to grow at the highest rate during the forecast period, which in turn increases the electricity demand for subways and electric trains.
According to the category, the market can be divided into new and refurbished. New market segments dominate the market in 2020. As Qatar’s electricity consumption continues to increase and its growth rate has been high, it is expected to maintain its market dominance during the forecast period, which in turn will increase new Installed volume of medium-voltage substations.
In addition, it is expected that the high speed of infrastructure construction, rapid urbanization and the development of the transportation industry across the country will increase the demand for electricity, which is expected to create opportunities for the installation of new medium voltage substations.
Based on the region, Doha will hold the largest share of the Qatar medium-voltage substation market in 2020. Due to the planned increase in power generation capacity, the increase in industrial and infrastructure development activities, and the increase in population, it is expected to maintain its leading position in the market during the forecast period. The demand for replacement/refurbishment of the existing grid infrastructure is growing, and the demand for electricity in the region is also growing.
Some of the major players in the Qatar medium-voltage substation market include Siemens, Schneider Electric, ABB, Eaton, Emerson Electric, Voltech Engineers Pte Ltd, General Electric, Hyundai Engineering & Construction Co., Ltd., Dodsal Engineering and National Contracting Limited company.
Main target audience:
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Manufacturers, distributors and other stakeholders of medium voltage substations
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Maintenance company
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Organizations, forums and alliances related to medium voltage substations
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Government agencies, such as regulators and decision makers
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Market research and consulting firm
Years considered in this report:
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Historical year: 2016-2019
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Base year: 2020
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Estimated year: 2021
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Forecast period: 2022-2026
Report scope:
Qatar’s medium voltage substation market, according to its components:
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breaker
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Protection relay
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transformer
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Switchgear
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other
Qatar medium voltage substation market, by type:
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spread
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distribution
Qatar medium voltage substation market, according to end use:
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metal
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Public utilities
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mining
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Oil and gas
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transport
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other
Qatar medium voltage substation market, by category:
Qatar medium voltage substation market, by region:
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Doha
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Al Rayyan
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Al Wakra
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Umm Slar
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Al Khor and Al Thakhira
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Rest of Qatar
Companies mentioned
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Siemens AG
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Schneider Electric SE
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ABB Co., Ltd.
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Eaton
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Emerson Electric Company
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Voltech Engineers Pte Ltd
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General Electric Company
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Hyundai Engineering Construction Co., Ltd.
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Total Engineering
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National Contracting Co., Ltd.
For more information about this report, please visit https://www.researchandmarkets.com/r/4dutwr
View the source code version on businesswire.com: https://www.businesswire.com/news/home/20210512005448/zh/
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