Press Release

Saudi Arabia Power & Distribution Transformer Market is expected to grow at a robust CAGR

Saudi Arabia Power & Distribution Transformer Market is expected to grow owing to integration of digitalization and smart grid technologies enhancing grid management throughout the forecast period.

 

According to TechSci Research report, “Saudi Arabia Power & Distribution Transformer Market – By Region, Competition, Forecast and Opportunities, 2019-2029”, the Saudi Arabia Power & Distribution Transformer Market is expected to register robust growth during the forecast period. Saudi Arabia is currently undergoing rapid urbanization, characterized by population growth and the expansion of urban areas. As cities and metropolitan regions continue to expand, there is a significant increase in the demand for electricity in residential, commercial, and industrial sectors. Consequently, the installation of power distribution networks and deployment of power transformers are essential to ensure a stable and reliable supply of electricity.

Saudi Arabia has established ambitious goals for renewable energy, with a target of generating 50% of its electricity from renewable sources by 2030. This presents a substantial opportunity for the transformer market, as the incorporation of solar and wind power into the grid necessitates the installation of new transformers and grid infrastructure. Companies specializing in the design and manufacturing of transformers suitable for renewable energy applications can capitalize on this expanding market.

 

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Based on phase, the Three Phase segment is expected to dominate the market during the forecast period. The expansion of commercial and retail developments, office complexes, and data centers in Saudi Arabia necessitates the utilization of three-phase transformers. These transformers are vital for ensuring a stable and reliable power supply to meet the demands of commercial establishments. The growth of the commercial sector contributes to the increasing demand for medium and high-voltage three-phase transformers. Saudi Arabia is actively modernizing its electrical grid, with a primary focus on enhancing efficiency and grid reliability. This encompasses the replacement and upgrade of aging transformers with modern three-phase transformers equipped with advanced monitoring and control capabilities. The integration of smart grid technologies further amplifies the demand for these transformers. The integration of intermittent renewable energy sources necessitates transformers that can stabilize voltage levels and ensure grid stability. Modern three-phase transformers with enhanced capabilities, such as reactive power control, play a critical role in maintaining the quality and reliability of the electrical grid. The Kingdom's commitment to environmental sustainability and reducing greenhouse gas emissions significantly influences the transformer market. Manufacturers are increasingly prioritizing the development of environmentally friendly transformers, including those with low-noise levels and reduced environmental impact, in response to these environmental concerns. Collaboration between private sector entities and government-owned utilities presents significant opportunities to contribute to the development of the electrical infrastructure and the provision of power distribution services, thereby driving the demand for three-phase transformers.

Based on insulation, the Oil Immersed segment is projected to dominate the market throughout the forecast period. The modernization of the electrical grid entails the replacement of aging transformers with more efficient and technologically advanced oil-immersed transformers. These contemporary transformers are equipped with features such as real-time monitoring and remote control capabilities, which contribute to enhanced grid reliability and efficiency. The expansion of commercial and residential developments, office complexes, and data centers necessitates the use of oil-immersed transformers to ensure a stable and dependable power supply. These transformers play a vital role in meeting the electrical demands of commercial establishments. The integration of intermittent renewable energy sources into the grid requires transformers that can stabilize voltage levels and ensure grid stability. Modern oil-immersed transformers with enhanced features play a crucial role in maintaining the quality and reliability of the electrical grid during the integration of renewable energy. Environmental sustainability and the reduction of greenhouse gas emissions are key priorities in Saudi Arabia. Manufacturers are increasingly focusing on developing environmentally friendly oil-immersed transformers with features such as low-noise operation and reduced environmental impact to address these concerns. Collaborations between private sector entities and government-owned utilities provide opportunities to contribute to the development of electrical infrastructure and power distribution services, thereby driving the demand for oil-immersed transformers.

 

Key market players in the Saudi Arabia Power & Distribution Transformer Market are:-

  • Saudi Transformers Company Ltd (STC)
  • ABB Saudi Arabia
  • Schneider Electric Saudi Arabia
  • Siemens Saudi Arabia
  • Alfanar Electrical Systems
  • WESCOSA Group
  • General Electric Saudi Arabia
  • Toshiba Gulf FZE
  • Hyundai Electric Saudi Arabia
  • Matelec Group

 

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“The Saudi Arabia Power & Distribution Transformer Market in Riyadh is poised to be the dominant force in the industry. Riyadh is actively embracing digitalization and smart grid technologies to optimize grid management and enhance energy efficiency. This involves the integration of intelligent transformers equipped with advanced monitoring and control capabilities. The smart grid initiatives in Riyadh are fueling the need for transformers that can actively contribute to grid modernization endeavors.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Power & Distribution Transformer Market Segmented By Type (Power Transformer and Distribution Transformer), By Rating (1-500 MVA, Up to 1000 KVA and Above 500 MVA), By End User (Industrial, Commercial, Residential and Utility), By Phase (Three Phase and Single Phase), By Insulation (Oil Immersed and Dry), By Region, and By Competition, 2018-2028F,” has evaluated the future growth potential of Saudi Arabia Power & Distribution Transformer 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 Power & Distribution Transformer Market.

 

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