Saudi Arabia Power and Distribution Transformer Market 2018-2024: Forecast by Types, Power Rating, Cooling System, Applications, Regions, Types of Services Offered, Service and Repair – Research and Markets

The "Saudi Arabia Power and Distribution Transformer Market (2018-2024): Forecast by Types, Power Rating, Cooling System, Applications, Regions, Types of Services Offered, Service and Repair, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The Saudi Arabia Power and Distribution Transformer Market Revenues are Projected to Grow at a CAGR of 2.4% During 2018-2024

Increasing construction activities, establishment of business hubs, industries and infrastructure development have resulted in the development of power infrastructure, which has further amplified the demand for transformers all across the kingdom of Saudi Arabia. Further, government initiatives such as Saudi Arabia Vision 2030 and economic diversification policy would surge the transformer market in the forecast period.

Saudi Arabian government is taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With expected recovery of crude oil prices and growth in public infrastructure development over next 5 years, the market would rebound during the forecast period.

Service and repair market of transformers has witnessed continuous growth in the country as servicing and repairing of a transformer is a more economical and more feasible option than purchasing a new one as it can substantially reduce investment costs.

Key players in Saudi Arabia Power and Distribution Transformer Market include ABB, GE, Hyundai Electric, Schneider, Siemens, Alfanar, Wahah Electric Supply Company Ltd., Arabian Transformers, United Transformers and Saudi Transformers.

Markets Covered

• By Types:
  • Power Transformer
  • Distribution Transformer
• By Power Ratings:
  • Up to 315 KVA
  • 315.1 KVA - 5000 KVA
  • 5.1 MVA - 50 MVA
  • 50.1 MVA - 160 MVA
• By Cooling Systems:
  • Dry Type
  • Liquid Type
• By Types of Services Offered:
  • Intelligence Service
  • Repair Service
  • Site Service
• By Applications:
  • Power Utilities
  • Industrial
• By Regions:
  • Central
  • Eastern
  • Western
  • Southern

Companies Mentioned

• ABB Ltd.
• Alfanar Company Ltd.
• Arabian Transformer Co.
• General Electric Company
• Hyundai Electric & Energy Systems Co., Ltd.
• Schneider Electric SE
• Siemens Ltd. Company
• The Saudi Transformers Company Ltd.
• United Transformers Electric Company
• Wahah Electric Supply Company of Saudi Arabia Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/9qn49w/saudi_arabia?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180112005165/en/