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.


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Latest Developments in Saudi Arabia Power & Distribution Transformers Market

  • In April 2022, Hitachi ABB Power Grid won a contract to build a power link from Saudi Power Company and Egyptian Power Transmission Company. The connection allows Saudi Arabia and Egypt to exchange up to 3,000 MW of electricity. This is the first large-scale high-voltage DC interconnection project in the Middle East and North Africa. The project will cover 1,350 km via overhead lines and submarine cables through the Red Sea.
  • In February 2022, Alfanar Construction announced US$175 million investment in Saudi Arabia to build a 380 kV substation in Baha and expand his three existing substations in Umruji, Alwaj, and Yanbu. The project includes design, engineering, material procurement, factory inspection and testing, transportation and delivery to the site, installation, civil engineering, testing and commissioning, and other related tasks.
  • In June 2022, as part of its goal to reduce upstream carbon intensity by 15% by 2035, Saudi Aramco announced that they shall invest in 12 GW worth of solar and wind projects and also produce 11 million mt/year blue ammonia by 2030 as a part of their net zero greenhouse gas emissions from scope 1 and scope 2 assets by 2050.

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.

Attribute

Details

Base Year

2022

Historic Data

2018– 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

Rating

Cooling

Applications

Regional scope

Riyadh, Makkah, Eastern Province, Rest of Saudi Arabia

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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.

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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

6.2.6.            By Company

6.3.  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. Rest of Saudi Arabia Power & Distribution Transformers Market Outlook

10.1.   Market Size & Forecast

10.1.1.          By Value

10.2.   Market Share & Forecast

10.2.1.          By Type

10.2.2.          By Rating

10.2.3.          By Cooling System

10.2.4.          By Applications

11. Market Dynamics

11.1.   Drivers

11.1.1.          Advantages of Power & Distribution Transformers

11.1.2.             Investment in Renewable Energy

11.2.   Challenges

11.2.1.          High Initial Cost

12. Market Trends & Developments

12.1.   Contract won by Hitachi ABB Power Grid

12.2.   Alfanar Construction investment in substation

12.3.   Saudi Aramco Solar & Wind projects

13. Saudi Arabia Economic Profile

14. Company Profiles

14.1.   ABB Ltd.

14.1.1.          Business Overview

14.1.2.          Key Revenue and Financials (If available)

14.1.3.          Recent Developments

14.1.4.          Key Personnel

14.1.5.          Key Product/Services

14.2.   General Electric Company

14.2.1.          Business Overview

14.2.2.          Key Revenue and Financials (If available)

14.2.3.          Recent Developments

14.2.4.          Key Personnel

14.2.5.          Key Product/Services

14.3.   Siemens Ltd.

14.3.1.          Business Overview

14.3.2.          Key Revenue and Financials (If available)

14.3.3.          Recent Developments

14.3.4.          Key Personnel

14.3.5.          Key Product/Services

14.4.   Schneider Electric SE 

14.4.1.          Business Overview

14.4.2.          Key Revenue and Financials (If available)

14.4.3.          Recent Developments

14.4.4.          Key Personnel

14.4.5.          Key Product/Services

14.5.   Alfanar Company Ltd.

14.5.1.          Business Overview

14.5.2.          Key Revenue and Financials (If available)

14.5.3.          Recent Developments

14.5.4.          Key Personnel

14.5.5.          Key Product/Services

14.6.   United Transformers Electric Company

14.6.1.          Business Overview

14.6.2.          Key Revenue and Financials (If available)

14.6.3.          Recent Developments

14.6.4.          Key Personnel

14.6.5.          Key Product/Services

14.7.   Wahah Electric Supply Company of Saudi Arabia Ltd.

14.7.1.          Business Overview

14.7.2.          Key Revenue and Financials (If available)

14.7.3.          Recent Developments

14.7.4.          Key Personnel

14.7.5.          Key Product/Services

14.8.   Arabian Transformer Co.

14.8.1.          Business Overview

14.8.2.          Key Revenue and Financials (If available)

14.8.3.          Recent Developments

14.8.4.          Key Personnel

14.8.5.          Key Product/Services

14.9.   The Saudi Transformers Company Ltd.

14.9.1.          Business Overview

14.9.2.          Key Revenue and Financials (If available)

14.9.3.          Recent Developments

14.9.4.          Key Personnel

14.9.5.          Key Product/Services

14.10. Hyundai Electric & Energy Systems Co., Ltd.

14.10.1.       Business Overview

14.10.2.       Key Revenue and Financials (If available)

14.10.3.       Recent Developments

14.10.4.       Key Personnel

14.10.5.       Key Product/Services

15. Strategic Recommendations

15.1.   More focused on Distribution Transformer segment

15.2.   More focused on Riyadh region

17. About Us & Disclaimer

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