Iraq Medium Voltage Substation Market, By Component (Circuit Breaker, Protective Relay, Transformer, Switchgear, Others), By Type (Transmission and Distribution), By End Use (Metal, Utility, Mining, Oil & Gas, Transportation, Others), By Category (New, Refurbished), By Region, Competition Forecast & Opportunities, 2016-2026

June 2021 | 100 pages | ID: I3FDEEFF9026EN
TechSci Research

Abstracts

Iraq medium voltage substation market stood at USD223.36 million in 2020 and is forecast to grow at a CAGR of 5.61% until 2026. Growth in the medium voltage substation market is driven by growing electricity demand, increasing focus on renewable energy and rise in industrial sector in the county. Furthermore, upgradation and expansion of the electricity transmission network across the country and support from the Iraqi government are expected to create an opportunity for the medium voltage substation market in the near future. Also, the growing focus of government towards diversifying the national economy away from oil and gas and encouraging sustainable use of resources such as the adoption of solar energy is further catalyzing the growth of the medium voltage substation in the country.

Based on component, the market can be segmented into Circuit Breaker, Protective Relay, Transformer, Switchgear and Others. Transformers dominated the market in 2020 and are expected to maintain their market dominance during the forecast period, backed by the growth in the country’s industrial and renewables sector. In a substation, transformers are generally used to step down the incoming voltage for its distribution to end users. The growth of transformers in medium voltage substation market is driven by the need for upgradation and expansion of country’s electricity transmission network, which has been affected by the political instability and war.

Based on type, the market can be bifurcated into Transmission and Distribution. The distribution segment dominated the market in 2020 and is expected to maintain its leading position in the forecast period as well. A substation steps-down high voltage electricity from the transmission system to lower voltage electricity so that it can be distributed to the end users via distribution lines. Based on end use, the market can be segmented into Metal, Utility, Mining, Oil & Gas, Transportation and Others. The utility segment dominated the market in 2020 and is expected to maintain its dominance until 2026 owing to the increasing support from the government for utility aided electrical infrastructure and regulatory directives subject to the grid deployment. In 2019, the Iraqi government signed a USD15 billion contract with Germany-based Siemens AG for the execution of the roadmap for the electrification of the country in order to improve the condition of the Transmission and Distribution network in the country.

Based on category, the market can be bifurcated into New and Refurbished. New segment dominated the market in 2020 and is expected to maintain its market dominance during the forecast period owing to the increasing power consumption in Iraq that has been growing at a high rate. Furthermore, rising population, increasing number of industries and growing number of houses are expected to increase the installation of new medium voltage substations in the country.

On the basis of region, Baghdad held the largest share in Iraq medium voltage substation market in 2020 and is expected to maintain the market dominance during the forecast period owing to the large electricity demand in the country from this region. Majority of the planned power system networks by the government and transmission lines passes through the region making it a dominant region in the segment. Some of the major players in the Iraq medium voltage substation market include Siemens AG, Schneider Electric SE, ABB Limited, General Electric Company, Hyundai Engineering & Construction Co. Ltd., Toshiba Energy Systems & Solutions Corporation, CR Technology Systems S.p.A., Matelec Group, Al-Handasya Electric, CG Power and Industrial Solutions Limited.

Years considered for this report:

• Historical Years: 2016-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2026

Objective of the Study:

• To analyze the historical growth in the market size of Iraq medium voltage substation market from 2016 to 2020.
• To estimate and forecast the market size of the Iraq medium voltage substation market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast Iraq medium voltage substation market based on by component, by type, by end use, by category, by company and by region.
• To identify the dominant region or segment in the Iraq medium voltage substation market.
• To identify drivers and challenges for Iraq medium voltage substation market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Iraq medium voltage substation market.
• To conduct pricing analysis for Iraq medium voltage substation market.
• To identify and analyze the profile of leading players operating in the Iraq medium voltage substation market.
• To identify key sustainable strategies adopted by market players in the Iraq medium voltage substation market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. 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 the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Iraq medium voltage substation market using a bottom-up approach, wherein data for various end-user segments was 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:

• Medium voltage substation manufacturers, distributors and other stakeholders
• Maintenance and repair companies
• Organizations, forums and alliances related to medium voltage substations
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the Iraq medium voltage substation market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Iraq Medium Voltage Substation Market, By Component:
• Circuit Breaker
• Protective Relay
• Transformer
• Switchgear
• Others
• Iraq Medium Voltage Substation Market, By Type:
• Transmission
• Distribution
• Iraq Medium Voltage Substation Market, By End Use:
• Metal
• Utility
• Mining
• Oil and Gas
• Transportation
• Others
• Iraq Medium Voltage Substation Market, By Category:
• New
• Refurbished
• Iraq Medium Voltage Substation Market, By Region:
• Baghdad
• Basra
• Nineveh
• Al Anbar
• Sulaymaniyah
• Rest of Iraq

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Iraq medium voltage substation market.

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).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. IMPACT OF COVID-19 ON IRAQ MEDIUM VOLTAGE SUBSTATION MARKET

4. EXECUTIVE SUMMARY

5. VOICE OF CUSTOMER

5.1. Brand Awareness
5.2. Factors Considered While Selecting a Supplier
5.3. Unmet Needs

6. IRAQ MEDIUM VOLTAGE SUBSTATION MARKET OVERVIEW

7. IRAQ MEDIUM VOLTAGE SUBSTATION MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Component (Circuit Breaker, Protective Relay, Transformer, Switchgear,
Others)
  7.2.2. By Type (Transmission & Distribution)
  7.2.3. By End Use (Metal, Utility, Mining, Oil & Gas, Transportation, Others)
  7.2.4. By Category (New, Refurbished)
  7.2.5. By Region (Baghdad, Basra, Nineveh, Al Anbar, Sulaymaniyah, Rest of Iraq)
  7.2.6. By Company (2020)
7.3. Product Market Map

8. IRAQ MEDIUM VOLTAGE SUBSTATION MRO SERVICES MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value

9. IRAQ MEDIUM VOLTAGE TRANSFORMER SUBSTATION MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By End Use
  9.2.3. By Category
  9.2.4. By Region

10. IRAQ MEDIUM VOLTAGE CIRCUIT BREAKER SUBSTATION MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By End Use
  10.2.3. By Category
  10.2.4. By Region

11. IRAQ MEDIUM VOLTAGE SWITCHGEAR SUBSTATION MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value
11.2. Market Share & Forecast
  11.2.1. By Type
  11.2.2. By End Use
  11.2.3. By Category
  11.2.4. By Region

12. IRAQ MEDIUM VOLTAGE PROTECTIVE RELAY SUBSTATION MARKET OUTLOOK

12.1. Market Size & Forecast
  12.1.1. By Value
12.2. Market Share & Forecast
  12.2.1. By Type
  12.2.2. By End Use
  12.2.3. By Category
  12.2.4. By Region

13. MARKET DYNAMICS

13.1. Drivers
13.2. Challenges

14. MARKET TRENDS & DEVELOPMENTS

15. IRAQ ECONOMIC PROFILE

16. POLICY & REGULATORY LANDSCAPE

17. COMPETITIVE LANDSCAPE

17.1. Competitive Benchmarking
17.2. Company Profiles
  17.2.1. Siemens AG
  17.2.2. ABB Limited
  17.2.3. General Electric Company
  17.2.4. Schneider Electric SE
  17.2.5. Toshiba Energy Systems & Solutions Corporation
  17.2.6. CR Technology Systems S.p.A.
  17.2.7. Matelec Group
  17.2.8. Al-Handasya Electric
  17.2.9. Hyundai Engineering & Construction Co. Ltd.
  17.2.10. CG Power and Industrial Solutions Limited

17. STRATEGIC RECOMMENDATIONS

18. COST OF SETTING UP AN MV COMPANY IN IRAQ

19. ABOUT US & DISCLAIMER

List Of Figures

LIST OF FIGURES

Figure 1: Iraq Medium Voltage Substation Market Size, By Value (USD Million), 2016-2026F
Figure 2: Iraq Electricity Generation (Terawatt-hours), 2016-2019
Figure 3: Iraq Medium Voltage Substation Market Share, By Component, By Value, 2016-2026F
Figure 4: Iraq Medium Voltage Substation Market Share, By Type, By Value, 2016-2026F
Figure 5: Iraq Medium Voltage Substation Market Share, By End Use, By Value, 2016-2026F
Figure 6: Iraq Medium Voltage Substation Market Share, By Category, By Value, 2016-2026F
Figure 7: Iraq Medium Voltage Substation Market Share, By Region, By Value, 2016-2026F
Figure 8: Iraq Medium Voltage Substation Market Share, By Company, By Value, 2020
Figure 9: Iraq Medium Voltage Substation Market Map, By Component, Market Size (USD Million) & Growth Rate (%)
Figure 10: Iraq Medium Voltage Substation Market Map, By Type, Market Size (USD Million) & Growth Rate (%)
Figure 11: Iraq Medium Voltage Substation Market Map, By End Use, Market Size (USD Million) & Growth Rate (%)
Figure 12: Iraq Medium Voltage Substation Market Map, By Category, Market Size (USD Million) & Growth Rate (%)
Figure 13: Iraq Medium Voltage Substation Market Map, By Region, Market Size (USD Million) & Growth Rate (%)
Figure 14: Iraq Medium Voltage Substation MRO Services Market, By Value (USD Million), 2016-2026F
Figure 15: Iraq Oil Production (Million Tonnes), 2016-2019
Figure 16: Iraq Medium Voltage Transformer Substation Market, By Value (USD Million), 2016-2026F
Figure 17: Iraq Per Capita Energy Consumption(kWh), 2016-2019
Figure 18: Iraq Medium Voltage Transformer Substation Market Share, By Type, By Value, 2016-2026F
Figure 19: Iraq Medium Voltage Transformer Substation Market Share, By End Use, By Value, 2016-2026F
Figure 20: Iraq Medium Voltage Transformer Substation Market Share, By Category, By Value, 2016-2026F
Figure 21: Iraq Medium Voltage Transformer Substation Market, By Region, By Value, 2016-2026F
Figure 22: Iraq Medium Voltage Circuit Breaker Substation Market, By Value (USD Million), 2016-2026
Figure 23: Iraq Carbon Dioxide Emissions (Million tons of carbon dioxide), 2016-2019
Figure 24: Iraq Medium Voltage Circuit Breaker Substation Market Share, By Type, By Value, 2016-2026F
Figure 25: Iraq Medium Voltage Circuit Breaker Substation Market Share, By End Use, By Value, 2016-2026F
Figure 26: Iraq Medium Voltage Circuit Breaker Substation Market Share, By Category, By Value, 2016-2026F
Figure 27: Iraq Medium Voltage Circuit Breaker Substation Market, By Region, By Value, 2016-2026F
Figure 28: Iraq Medium Voltage Switchgear Substation Market Size, By Value (USD Million), 2016-2026F
Figure 29: Iraq Energy Consumption (Exajoules), 2016-2019
Figure 30: Iraq Medium Voltage Switchgear Substation Market Share, By Type, By Value, 2016-2026F
Figure 31: Iraq Medium Voltage Switchgear Substation Market Share, By End Use, By Value, 2016-2026F
Figure 32: Iraq Medium Voltage Switchgear Substation Market Share, By Category, By Value, 2016-2026F
Figure 33: Iraq Medium Voltage Switchgear Substation Market, By Region, By Value, 2016-2026F
Figure 34: Iraq Medium Voltage Protective Relay Substation Market Size, By Value (USD Million), 2016-2026F
Figure 35: Iraq Oil Consumption (Thousands of barrels per day), 2016-2019
Figure 36: Iraq Medium Voltage Protective Relay Substation Market Share, By Type, By Value, 2016-2026F
Figure 37: Iraq Medium Voltage Protective Relay Substation Market Share, By End Use, By Value, 2016-2026F
Figure 38: Iraq Medium Voltage Protective Relay Substation Market Share, By Category, By Value, 2016-2026F
Figure 39: Iraq Medium Voltage Protective Relay Substation Market, By Region, By Value, 2016-2026F