The GCC power transformers market is expected to grow at a healthy CAGR during
the forecast period. Saudi Arabia generated most of the revenue, followed by the
United Arab Emirates. In addition to the prominent multinational companies, some
local manufacturers have gained technology expertise by re-engineering, joint
ventures and technology transfers, and they are moving into higher MVA ranges.
Due to investments in various sectors in the GCC, the demand for power
transformers has been steadily growing, and this trend is expected to continue.