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Saudi Arabia Power & Distribution Transformers Market by Type (Power Transformer & Distribution Transformer), By Rating (Upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, and Above 500MVA), By Cooling System (Dry Type and Liquid Type), By Applications (Power Utilities and Industrial), By Region, Competition Forecast & Opportunities, 2018-2028
Market Report I 2023-09-05 I 75 Pages I TechSci Research
Saudi Arabia Power & Distribution market is anticipated to grow at a robust CAGR during the forecast period as upgrade of existing infrastructure in order to adopt smart technologies for the upcoming Saudi Vision 2030 are the major factors.
A transformer is a device that transfers electrical energy from one AC circuit to one or more other circuits by increasing (boosting) or decreasing (decreasing) the voltage. A transformer is basically a voltage control device used in the transmission and distribution of AC power.
Rapid population growth has significantly boosted the demand for electricity, thereby boosting the market. Smart grid installations require timely, two-way components, and communications that use similar functions to track various system parameters together. This could also stimulate demand for interactive communication with advanced products. However, the replacement of durable legacy components could hinder the growth of the industry over the next seven years. The need to track electricity consumption can drive adoption of alternative energy sources. Integrating traditional backup and alternative power sources will require smart grid deployment, which is expected to boost industry growth in the future.
Rise in demand for Power & Distribution fuel the growth of the market
The modern world requires a continuous and safe flow of electricity in homes and businesses. A combination of power transformers and distribution transformers can bring power anywhere. Power transformers receive electricity at very high voltages. Transformers step down power to lower voltage levels that can be distributed to individual residential or commercial units via distribution transformers. Lower voltages (or higher currents) are more suitable for everyday electronics functions.
Increasing investment in renewable energy systems is expected to be the major driver of the transformer market during the forecast period. The country has invested heavily in renewable energy in recent years to move away from generating electricity from traditional energy sources such as oil and natural gas. Under Vision 2030, Saudi Arabia aims to develop significant renewable energy potential by reducing its dependence on oil revenues, diversifying its energy mix, and increasing the share of solar energy. Saudi Arabia has set new renewable targets to develop and install 27.3 GW of clean energy by 2024 and 58.7 GW by 2030 out of which 40 GW will be for solar power.
Market Segmentation
Saudi Arabia Power & Distribution Transformers market is bifurcated based on Type, Rating, Cooling System, Applications. Based on type, the market is bifurcated into power transformer & distribution transformer. Based on rating, the market is bifurcated into Upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, and above 500MVA). Based on cooling system, the market is bifurcated into dry type and liquid type. Based on applications, the market is bifurcated into power utilities and industrial.
Market player
Major market players in the Saudi Arabia Power & Distribution Transformers market are ABB Ltd., General Electric Company, Siemens Ltd., Schneider Electric SE, Alfanar Company Ltd., United Transformers Electric Company, Wahah Electric Supply Company of Saudi Arabia Ltd., Arabian Transformer Co., The Saudi Transformers Company Ltd., Hyundai Electric & Energy Systems Co., Ltd.
Report Scope:
In this report, Saudi Arabia Power & Distribution Transformers Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Power & Distribution Transformers Market, By Type:
o Power Transformer
o Distribution Transformers
- Saudi Arabia Power & Distribution Transformers Market, By Rating:
o Upto 100 kVA
o 100.1-500kVA
o 500.1-1000kVA
o 1000.1-5000kVA
o 5.1-100MVA
o 100.1-500MVA
o Above 500MVA
- Saudi Arabia Power & Distribution Transformers Market, By Cooling:
o Dry Type
o Liquid Type
- Saudi Arabia Power & Distribution Transformers Market, By Applications:
o Power Utilities
o Industrial
- Saudi Arabia Power & Distribution Transformers Market, By Region:
o Riyadh
o Makkah
o Eastern Province
o Rest of Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Power & Distribution Transformers market.
Available Customizations:
Saudi Arabia Power & Distribution Transformers market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Power & Distribution Transformers Market
5. Voice of Customers
6. Saudi Arabia Power & Distribution Transformers Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type (Power Transformer & Distribution Transformer)
6.2.2. By Rating (upto 100 kVA, 100.1-500kVA, 500.1-1000kVA, 1000.1-5000kVA, 5.1-100MVA, 100.1-500MVA, Above 500MVA)
6.2.3. By Cooling System (Dry Type, Liquid Type)
6.2.4. By Applications (Power Utilities, Industrial)
6.2.5. By Region
6.3. By Company
6.4. Market Map
7. Riyadh Power & Distribution Transformers Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Rating
7.2.3. By Cooling System
7.2.4. By Applications
8. Makkah Power & Distribution Transformers Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Rating
8.2.3. By Cooling System
8.2.4. By Applications
9. Eastern Province Power & Distribution Transformers Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Rating
9.2.3. By Cooling System
9.2.4. By Applications
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
12. Saudi Arabia Economic Profile
13. Company Profiles
13.1. ABB Ltd.
13.1.1. Business Overview
13.1.2. Key Revenue and Financials (If available)
13.1.3. Recent Developments
13.1.4. Key Personnel
13.1.5. Key Product/Services
13.2. General Electric Company
13.2.1. Business Overview
13.2.2. Key Revenue and Financials (If available)
13.2.3. Recent Developments
13.2.4. Key Personnel
13.2.5. Key Product/Services
13.3. Siemens Ltd.
13.3.1. Business Overview
13.3.2. Key Revenue and Financials (If available)
13.3.3. Recent Developments
13.3.4. Key Personnel
13.3.5. Key Product/Services
13.4. Schneider Electric SE
13.4.1. Business Overview
13.4.2. Key Revenue and Financials (If available)
13.4.3. Recent Developments
13.4.4. Key Personnel
13.4.5. Key Product/Services
13.5. Alfanar Company Ltd.
13.5.1. Business Overview
13.5.2. Key Revenue and Financials (If available)
13.5.3. Recent Developments
13.5.4. Key Personnel
13.5.5. Key Product/Services
13.6. United Transformers Electric Company
13.6.1. Business Overview
13.6.2. Key Revenue and Financials (If available)
13.6.3. Recent Developments
13.6.4. Key Personnel
13.6.5. Key Product/Services
13.7. Wahah Electric Supply Company of Saudi Arabia Ltd.
13.7.1. Business Overview
13.7.2. Key Revenue and Financials (If available)
13.7.3. Recent Developments
13.7.4. Key Personnel
13.7.5. Key Product/Services
13.8. Arabian Transformer Co.
13.8.1. Business Overview
13.8.2. Key Revenue and Financials (If available)
13.8.3. Recent Developments
13.8.4. Key Personnel
13.8.5. Key Product/Services
13.9. The Saudi Transformers Company Ltd.
13.9.1. Business Overview
13.9.2. Key Revenue and Financials (If available)
13.9.3. Recent Developments
13.9.4. Key Personnel
13.9.5. Key Product/Services
13.10. Hyundai Electric & Energy Systems Co., Ltd.
13.10.1. Business Overview
13.10.2. Key Revenue and Financials (If available)
13.10.3. Recent Developments
13.10.4. Key Personnel
13.10.5. Key Product/Services
14. Strategic Recommendations
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