Saudi Arabia Surge & Lightning Arrestors Market is expected to grow at a 6.06% CAGR
Saudi Arabia Surge &
Lightning Arrestors Market is expected to grow owing to adoption of smart
technologies including smart cities and smart buildings throughout the forecast
period.
According to TechSci
Research report, “Saudi
Arabia Surge & Lightning Arrestors Market – By Region, Competition, Forecast and Opportunities, 2019-2029”,
the Saudi Arabia Surge & Lightning Arrestors Market is expected
to register robust growth during the forecast period. Saudi
Arabia is continually investing in infrastructure projects, including
commercial and residential buildings, roads, bridges, and industrial
facilities. The construction and modernization of infrastructure require the
installation of surge and lightning protection systems to safeguard critical
equipment and assets.
The energy sector, including
both conventional and renewable sources, is expanding. Surge and lightning
protection are essential in power generation, transmission, and distribution,
as well as for renewable energy installations. This growth presents opportunities
for surge and lightning arrestor manufacturers and service providers.
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Based on end user, the Utilities segment is expected to
dominate the market during the forecast period. As Saudi Arabia invests in
renewable energy sources like solar and wind, the utilities sector is
witnessing new installations. These facilities also require protection from
lightning, boosting the market for surge and lightning arrestors. The market is
evolving with the introduction of advanced surge and lightning protection
technologies. This includes smart protection systems that offer real-time
monitoring and remote diagnostics, which are increasingly adopted by utilities
to enhance their infrastructure's resilience. Saudi Arabia has been encouraging
local production of electrical equipment, and this may lead to the emergence of
local manufacturers in the surge and lightning arrestor market. Utilities need
to invest in maintenance and training for their personnel to ensure these
systems function effectively. This represents an ongoing market for services
related to surge and lightning protection. In conclusion, the utilities segment
of the Saudi Arabia Surge and Lightning Arrestors Market is a critical and
growing area due to the country's expanding utilities sector, regulatory
requirements, vulnerability to lightning strikes, and ongoing infrastructure
modernization. As the sector continues to evolve, companies providing surge and
lightning protection solutions should stay aligned with these market dynamics
to serve the growing demand effectively.
Based on voltage, the High
Voltage segment is projected to dominate the market throughout the forecast
period. Government regulations and industry standards mandate the installation
of surge and lightning protection in high voltage systems to ensure the
reliability of the electrical grid and prevent damage to critical equipment.
Saudi Arabia has been encouraging local production and manufacturing of
electrical equipment. This may lead to the emergence of local manufacturers
providing surge and lightning protection systems for high voltage applications.
Regular maintenance and testing of surge and lightning protection systems in
high voltage applications are essential to ensure their continued
effectiveness. This represents an ongoing market for service providers. In
conclusion, the high voltage segment of the Saudi Arabia Surge and Lightning
Arrestors Market is driven by the growth and modernization of the electric
utility sector, the expansion of the oil and gas industry, the integration of
renewable energy sources, and increasing regulatory requirements. Advanced
technologies and the presence of global and potentially local manufacturers are
likely to shape the future of this market segment. Companies operating in this
sector should stay updated with the latest technologies and standards to
effectively cater to the demand for high voltage surge and lightning
protection.
Key market players in the
Saudi Arabia Surge & Lightning Arrestors Market are:-
- ABB Group
- Schneider Electric
- Siemens AG
- Eaton Corporation
- Hager Group
- Phoenix Contact
- Legrand
- Littelfuse, Inc.
- DEHN Middle East
- Raycap Group
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“The Saudi Arabia Surge
& Lightning Arrestors Market in Riyadh is poised to be the dominant force
in the industry. With the increasing reliance on technology and automation in
Riyadh, surge and lightning protection technologies have advanced to meet the
unique needs of modern infrastructure, including data centers and smart
buildings. Riyadh hosts a growing number of data centers and telecommunications
facilities. The protection of sensitive electronic equipment and data against
lightning-induced surges is a priority in this sector.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Saudi Arabia Surge &
Lightning Arrestors Market Segmented By Type (Polymeric and Porcelain), By End
User (Utilities, Industries and Transportation), By Voltage (Medium Voltage,
High Voltage and Extra High Voltage), By Class (Distribution Class,
Intermediate Class and Station Class), By Region, and By Competition, 2019-2029,” has evaluated the future growth
potential of Saudi Arabia Surge & Lightning Arrestors Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Surge & Lightning Arrestors
Market.
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