The Middle
East molded case circuit breakers (MCCB) market size is projected to value at USD 652.4 million by 2022, according to a
new report published by Million Insights. The rising demand for reliable power
and electricity delivery along with insufficient electric power infrastructure
is likely to augment demand. The growth of smart grids in power distribution
and transmission systems is expected to boost the market growth.
Widespread demand for power
infrastructure to offer efficient operation of distribution and transmission
has grown dynamically in recent years. The increasing need for better power
infrastructure, as old transmission cannot load the bulk power presently
needed, is anticipated to fuel the demand in the next seven years.
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The growing power
transmission and distribution system and the emergence of heavy industries like
oil & gas, steel, petrochemicals, and other metals is anticipated to have a
positive impact on the market. Introduction and completion of major projects
such as economic cities and commercial centers integrated with the replacement
of inefficient and old instruments is projected to surge regional demand.
The key players in the
Middle East MCCB market include ABB, Mitsubishi, Hitachi, Havells, Eaton,
Siemens, and General Electric. Companies are focusing at manufacturing advanced
circuit protection solution to fulfill consumers’ demand. For instance, ABB, in
August 2015, won order valued at USD 150 million by the Saudi Electric Company
(SEC) in order to expand five substations, thereby, ensuring the onset of the
region’s transmission system for around 50 percent widening of power generation
capacity to hold an emerging economy.
Further key findings from
the report suggest:
• The thermal magnetic
strip-based MCCBs held a share of above 60% of the total revenue in 2014. Their
feature of inverse time tripping during overload situation is preferred for
different applications from heavy industrial to residential loads. Moreover, they
have application for various general-purpose activities since they are
automatically follow safe equipment and cable loadings.
• Microprocessor segment is
expected to observe spurring demand by 2022. It is an important part of
electronic trip unit (ETU) and facilitates various protection functions like
long-term delay trip function, instantaneous trip function, ground fall, and
short. This technology is predicted to replace traditional systems registering
a CAGR of above 8.0% over the forecast period.
• Saudi Arabia held the
leading regional market in 2014 and is likely to register a CAGR of above 7.0%
over the projected period. The growing government initiatives for higher power
generation capacity are anticipated to positively impact the regional market.
For example, the Saudi government is anticipated to spend around USD 65 billion
by 2017 for higher power generation by 18,00 MW. Further, it is expected to
install 234 transfer platforms coupled with 20,000 km of transmission channels.
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