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.