SAN FRANCISCO, November 30, 2015 /PRNewswire/ --
The Middle East MCCB market is expected to reach USD 652.4 million by 2022, according to a new study by Grand View Research, Inc. Increasing demand for electricity and reliable power delivery coupled with inadequate electric power infrastructure is expected to fuel demand. Emergence of smart grids in power transmission and distribution systems is projected to drive the MCCB industry.
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Large-scale demand for power infrastructure to provide efficient operation of transmission and distribution has increased dynamically over the past few years. Rising need to enhance the power infrastructure as aging transmission cannot support the bulk power currently required is expected to drive demand over the next seven years.
Browse full research report with TOC on "Middle East Molded Case Circuit Breakers (MCCB) Market Analysis By Product (Thermal Magnetic, Microprocessor) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/middle-east-molded-case-circuit-breakers-mccb-market
Rapid expansion of power distribution & transmission system and rapid growth of heavy industries such as petrochemicals, oil & gas, steel and other metals is expected to positively impact the MCCB market. Completion and introduction of mega construction projects including commercial centers and economic cities combined with replacement of aging and inefficient instruments is expected to spur demand across the region.
Further key findings from the report suggest:
Grand View Research has segmented the Middle East MCCB market on the basis of product and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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