Qatar medium voltage substation market stood at USD342.51 million in 2020 and is forecast to grow at a CAGR of over 8.58% until 2026. Growth in the medium voltage substation market is driven by growing electricity consumption, increasing industrialization and rapid urbanization across Qatar. Furthermore, the high rate of infrastructure construction, growing transportation sector, and rising manufacturing sector, among others are expected to push the demand for power, which is likely 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 hydrocarbons and encouraging sustainable use of resources such as the adoption of solar energy is additionally anticipated to act as a catalyst in 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
Based on type, the market can be bifurcated into Transmission and Distribution. The distribution segment dominated the market in 2020 as the main objective of a substation is to step-down high voltage electricity from the transmission system to lower voltage electricity so it can be utilized by the end users through distribution lines. Based on end use, the market can be segmented into Metal, Utility, Mining, Oil & Gas, Transportation and Others. The transportation segment is expected to grow at the highest rate in the forecast period owing to the increasing public transportation sector in the country which in turn increases the electricity demand from metros and electric trains.
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 Qatar that has been growing at a high rate which in turn will increase the installations for new medium voltage substations. Additionally, the high rate of infrastructure construction, rapid urbanization, and expanding transportation sector across the country are expected to increase the demand for power, which is anticipated to create an opportunity for new medium voltage substation installations.
On the basis of region, Doha held the largest share in Qatar medium voltage substation market in 2020 and is expected to maintain the market dominance during the forecast period owing to the increasing power generation capacity plans, increasing industrial and infrastructural development activities, rising population, growing demand for replacing/refurbishing existing grid infrastructure and increasing electricity demand in this region. Some of the major players in the Qatar medium voltage substation market include Siemens AG, Schneider Electric SE, ABB Limited, Eaton Corporation Plc, Emerson Electric Company, Voltech Engineers Private Limited, General Electric Company, Hyundai Engineering & Construction Co. Ltd., Dodsal Engineering, and National Contracting Company Limited.
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022-2026
Objective of the Study
- To analyze the historical growth in the market
size of Qatar medium voltage substation market from 2016 to 2020.
- To estimate and forecast the market size of the
Qatar medium voltage substation market from 2021 to 2026 and growth rate
until 2026.
- To classify and forecast Qatar 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 Qatar medium voltage substation market.
- To identify drivers and challenges for Qatar medium
voltage substation market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Qatar
medium voltage substation market.
- To conduct pricing analysis for Qatar medium
voltage substation market.
- To identify and analyze the profile of leading
players operating in the Qatar medium voltage substation market.
- To identify key sustainable strategies adopted
by market players in the Qatar medium voltage substation market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of
Market insights research calculated the market size of
Key Target Audience
- Medium voltage substation manufacturers, distributors and other stakeholders
- Maintenance and repair
companies
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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.
