A substation is part of a system for electrical producing, transmitting, and distributing. Substations alter voltage from high to low or from low to high, based on demand. Between the generating plant and the client, electricity may flow at varying voltage levels through several substations. Transformers, switchgear, circuit breakers, power cables, and safety relays are just a few examples of the equipment that is made up of and which helps in the transmission and distribution of energy.
Increasing Demand for Electricity
The UAE's rapid increase in electricity demand is anticipated to accelerate the development of medium voltage substations. The demand for energy is rising as a result of the nation's growing urbanisation and ongoing industry. The need for electricity is also anticipated to rise as a result of the rapid infrastructural development, the expanding transportation and manufacturing sectors. This is projected to present an opportunity for the medium voltage substation market in the near future.
Refurbishment & Retrofit of Existing Grid Infrastructure
The UAE's market for medium voltage substations is expected to be stimulated by ongoing trends toward improving the grid infrastructure. As the country's population expands more quickly and as vital infrastructure, like trains, ports, and energy facilities, rises at a faster rate, a reliable supply of power is necessary to support further growth. The need for medium voltage substations expected to surely rise across the country as a result of the significant investment that must be made in state-of-the-art transmission and distribution infrastructure. Establishment of Networks with Sustainable Energy Infrastructure
During the projected period, it is predicted that the creation of various energy networks and the incorporation of sustainable technologies like solar and other renewable energies would increase the demand for medium voltage substations throughout the UAE. Additionally, it is projected that the government's increased emphasis on diversifying the country's economy away from hydrocarbons, supporting resource conservation, and encouraging the increased use of solar energy would accelerate the development of the medium voltage substation in the nation.
Focus on Modernizing Electrification
The increased requirement for electrification, upcoming substation replacements, and rising need for safe and reliable power distribution networks are some of the main underlying factors influencing the market growth. The market is expanding due to rising demand for circuit protection devices, declining competition from manufacturers of insulating technologies, and growing public awareness is helping to rising the market of medium voltage substation market in the upcoming years.
Medium voltage substations are also having a favourable impact on the market's expansion. The improvement of the intensity control system will be necessary to integrate renewable energy sources into the electrical grid, which is expected to boost UAE demand for medium voltage substations. During the forecast period, raw material costs and pricing restrictions can prevent the market from growing. The upgrading of the power grid and significant investments in transmission and distribution are expected to cause the medium voltage substation sector in UAE to expand at a significant rate over the course of the projected period. The utility and commercial sectors, including new hotels, hospitals, museums, and public infrastructure, will employ medium voltage substations much more frequently. Although medium voltage substations are used more often than traditional substations in the commercial and industrial sectors, there is also significant opportunity for market expansion.
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Market Segmentation
The UAE Medium Voltage Substation Market is divided into Component, Type, Category and End Use. Based on Component, the market is divided into Circuit Breaker, Protective Relay, Transformer, Switchgear, and Others. Based on Type, the market is segmented into
Market Players
Major market players in the UAE Medium Voltage Substation Market are
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018–
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028
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Report Coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments Covered
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Component
Type
Category
End Use
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Regional scope
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Dubai,
Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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ABB Ltd, Hyosung Corporation, Alstom SA, Siemens AG, CG Power
& Industrial Ltd, General Electric, Mitsubishi Electric Corporation,
Toshiba International Corporation, Eaton FZE Middle, Al Fanar Electric
(L.L.C), Larsen & Toubro Limited, Hitachi Industrial Equipment Systems Co.
Ltd, Al-Ahelia Switchgear Co.
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Customization scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
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