Market Forecast By Types (Automatic Transfer Switch and Manual Transfer Switch), By Transition Mode (Open Transition Mode and Closed Transition Mode), By Ampere Rating (0-400A, 400-1600A and Above 1600A), By Applications (Industrial, Commercial and Residential), By Countries (Saudi Arabia, UAE, Iran, Kuwait, Oman, Qatar and Rest of Middle East) and Competitive Landscape
According to 6Wresearch, Middle East transfer switch market size is projected to grow at a CAGR of 4.8% during 2018-24. UAE, Saudi Arabia and Kuwait government are taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With expected recovery of crude oil prices in 2017 and increase in public infrastructure development for next 5 years, the market is likely to rebound during the forecast period.
Small and medium rating transfer switches (Below 400A) are expected to capture highest Middle East transfer switch market share due to high demand from residential and commercial sectors. Upcoming mega projects such as Lusail city, railway network expansion and economic cities would drive Middle East transfer switch market forecast revenues over the coming years. Some of the key players in Middle East transfer switch market include- Schneider Electric, Eaton, Socomec and ABB.
The Middle East transfer switch market report thoroughly covers transfer switch market by types, ampere ratings, transition mode, applications and countries. The Middle East transfer switch market outlook report provides an unbiased and detailed analysis of the Middle East transfer switch market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
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Press Release @ https://www.6wresearch.com/press-releases/middle-east-transfer-switch-market-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile.html
Key Highlights of the Report:
Transfer Switch Market
Automatic Transfer Switch
Manual Transfer Switch
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