GCC Insulators Market to Surpass USD 409 Mln by 2021, Projects TechSci Research in Its Topical Study Available at MarketPublishers.com
19 Dec 2017 • by Natalie Aster
LONDON – An ongoing upsurge in energy consumption in the GCC region has led to higher CapEx in transmission and distribution (T&D) during the past 10 years, which results in elevated demand for insulators. Electricity demand has been gaining traction in the region owing to rapidly increasing population size, fast-paced industrialisation, thriving real estate development, and the surging number of utility and transportation projects. In addition, increasing trend of GCC nations to diversify their economies by paying attention to non-oil sectors like railways, infrastructure and real estate is fuelling electricity demand, and hence leading to the expansion of energy T&D infrastructure in the region.
Development of distribution channels to meet the soaring power demand from end-user sectors is set to fuel the growth of the region’s insulators sector to 2021.
The GCC market for insulators is poised to surpass the USD 409 million mark by 2021, due to fast expansion of T&D network. The expanding manufacturing sector, forthcoming housing projects and the rising number of renewable energy projects are amid the major factors boosting T&D network expansion in the region. Further, most GCC nations are focusing more on upgrading their pertinent T&D networks to decrease energy related losses, thus boosting the GCC insulators market.
Topical report “GCC Insulators Market By Rating, By Type, Competition Forecast and Opportunities, 2011 - 2021” elaborated by TechSci Research is dedicated at giving an all-round examination of the market on a regional level.
The study provides granular market size estimates and forecast figures; market shares and forecasts by company and application. It offers an all-round segmental market analysis by rating and type, covering market size estimates, market shares and forecast for each of the segments. The publication explores key market drivers and hindrances, identifies market trends and developments. It includes a list of top distributors and dealers with contact information. Furthermore, the study offers profiles of the 15 leading companies and scrutinises the competitive scenario. Strategic recommendations are also available in the report.
Follow TechSci Research catalogue at MarketPublishers.com and find many other topical reports by this publisher.