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The utility segment dominated the market in 2020 and is expected to maintain its dominance until 2026 owing to the increasing support from the government for utility aided electrical infrastructure and regulatory directives subject to the grid deployment. Based on end-use, the market can be segmented into Metal, Utility, Mining, Oil & Gas, Transportation and Others. A substation steps-down high voltage electricity from the transmission system to lower voltage electricity so that it can be distributed to the end-users via distribution lines. The distribution segment dominated the market in 2020 and is expected to maintain its leading position in the forecast period as well. The growth of transformers in medium voltage substation market is driven by the need for upgradation and expansion of country’s electricity transmission network, which has been affected by the political instability and war.īased on type, the market can be bifurcated into Transmission and Distribution. In a substation, transformers are generally used to step down the incoming voltage for its distribution to end-users. 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 and renewables sector. Also, the growing focus of government towards diversifying the national economy away from oil and gas and encouraging sustainable use of resources such as the adoption of solar energy is further catalyzing the growth of the medium voltage substation in the country.īased on component, the market can be segmented into Circuit Breaker, Protective Relay, Transformer, Switchgear and Others. Furthermore, upgradation and expansion of the electricity transmission network across the country and support from the Iraqi government are expected to create an opportunity for the medium voltage substation market in the near future. Growth in the medium voltage substation market is driven by growing electricity demand, increasing focus on renewable energy and rise in industrial sector in the county. The Iraq Medium Voltage Substation Market stood at USD223.36 million in 2020 and is forecast to grow at a CAGR of 5.61% until 2026.