Thu. Nov 25th, 2021

Growing infrastructure activities including rail, port and energy facilities, encouraging sustainable use of resources and rising adoption of solar energy to drive Qatar medium voltage substation market during the forecast period.

According to TechSci Research report, Qatar 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’’, the Qatar medium voltage substation market is projected to cross USD559.97 billion by 2026, on account of increasing demand for electricity in the country, refurbishment & retrofit of existing grid infrastructure and rising demand for sustainable energy infrastructure to bolster the Qatar medium voltage substation market through 2026.

Qatar medium voltage substation market can be segmented based on Component, Type, End Use, Category and Region. Rapid industrialization in the country with an aim to advance the overall economic growth and encouraging sustainable use of resources is likely to augment the demand for primary and secondary electric distribution infrastructure across the country.

On the basis of 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 & commercial sectors and increasing demand for refurbishment & retrofit of existing grid infrastructure. Substation transformers consist of a core and coils immersed in oil in a steel tank. The oil serves both as an insulator and as a coolant to keep the core at reliable operating temperatures. Some large transformers have fins for the oil to circulate through and thus dissipate heat. Improvements in process control systems, utilization for application in the installation of renewable energy systems and technological developments in the country are expected to drive the demand for transformers in the coming years. However, Protective Relay is forecast to grow at a faster rate owing to its higher reliability and cost reduction which results in a better overall performance of the system.

Browse 39 Figures spread through 98 Pages and an in-depth TOC on “Qatar Medium Voltage Substation Market”

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On the basis of Type, the market is bifurcated into Transmission and Distribution. The distribution segment dominated the market with 63.56% market share in 2020 owing to the rise in industrialization in Qatar. The main purpose of the substation is to reduce high voltage coming from the transmission system to the power supply to be used by end users with distribution cables.

On the basis of 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 investments in the development of airports, metros, etc. by the Government of Qatar. Making significant strides in power transmission as a part of Qatar National Vision, 2030 is likely to drive the demand for switchgears in Qatar in the coming years. In addition, there is a significant focus towards the development of renewable energy sources in Qatar, with Qatar Petroleum & Qatar Electricity and Water Company (QEWC) developing Siraj Energy solar project, which is further anticipated to positively influence the Qatar medium voltage substation market in the coming years.

On the basis of Category, the market can be bifurcated into New and Refurbished. The country’s power consumption has been growing at a high rate, which is expected to increase the installations for new medium voltage substations. Furthermore, the high rate of infrastructure construction, rapid urbanization, and expanding transportation sector across the country are expected to increase the demand for power transmission and distribution, which in turn is expected to increase the demand for new medium voltage substations in the coming years.

In the Qatar medium voltage substation market, Doha region is the largest contributor with around 27% market share in 2020 owing to the development of new power generation projects especially renewable energy projects in the region. More transmission and distribution infrastructure will be needed to accommodate these projects which are expected to drive the growth of the medium voltage substation market in Qatar.

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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, National Contracting Company Limited etc. are among the leading players operating in the Qatar medium voltage substation market. Companies operating in the market are using organic strategies such as product advancement through addition of new features, partnerships, mergers and collaborations to boost their share in the Qatar medium voltage substation.

“Increasing focus on clean energy sources, technological advancements in substations and rise in industrialization activities are boosting the demand for medium voltage substations in Qatar. Moreover, increasing demand for electricity across the country, high rate of infrastructure construction, growing transportation and manufacturing sector have also been positively influencing the market. Government’s focus towards diversifying the national economy away from hydrocarbons, encouraging sustainable use of resources, and rising adoption of solar energy across the country is expected to drive the Qatar medium voltage substation market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Qatar 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’’ has evaluated the future growth potential of the Qatar medium voltage substation market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the Qatar medium voltage substation market.

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