Saudi Arabia High Voltage Switchgear Market Research report explores the Ready To Use Market for the forecast period, 2019 – 2026


Posted November 17, 2019 by nikitamanwar

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts.
 
High voltage switchgear is designed for distributing electricity and power transmission. Voltage ranging above 36KV is referred to as high voltage switchgear and it can be installed indoor and outdoor as per the requirement. High voltage switchgear is widely used for power transmission in various application areas such as cities, towns, industrial centers. Switchgear consists of a combination of disconnect switches, fuses or circuit breakers which are used to electrical networks to control, protect and isolate electrical equipment. Voltage ranging above 36KV is referred to as high voltage switchgear.

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Major factors such as growth in high voltage switchgear installations across residential rapid industrialization, urbanization, wide product portfolio, rising demand for electrification coupled with potential replacement of switchgear. Increasing demand for secure and reliable power distribution networks is further fuelling market growth. In addition, the introduction of smart grid technology and government initiative to upgrade and modernize power distribution will gain traction for high voltage switchgear during the forecast period. Rising awareness and higher demand for circuit protection devices are also spurring the growth of the market. However, increasing raw material prices are expected to hamper the growth of the market.

The government of Saudi Arabia is focusing on the transmission and distribution segment to the rising demand for electricity from the Utilities and Industrial sectors. Accordingly, the Saudi Arabian power sector is witnessing significant growth in power sectors over the coming years. For instance: Saudi Arabia intends to delicate 11 PV power ventures with a joined limit of 2,225 MW this year. Also, Saudi Arabia is encountering a substantial development in construction, new transmission and distribution network and up-gradation & replacement of aging electrical equipment. Such advancements will further lead the power demand and thus impact the market growth of High voltage switchgear.

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Various notable players operating in the market, include ABB Ltd., Al Ahelia Switchgear Co., Alfanar Group, Eaton Corporation Plc., General Electric Company, Hager Middle East, Larsen & Toubro Limited, Legrand, Schneider Electric SE, Siemens AG among others.

Key questions answered in this research report:
1- At what pace is Saudi Arabia High Voltage Switchgear market growing? What will be the Saudi High Voltage Switchgear market forecast?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in Saudi High Voltage Switchgear and market size?
4- Saudi Arabia High Voltage Switchgear market outlook, application areas and how they are poised to grow?
5- Saudi Arabia High Voltage Switchgear market overview, industry analysis and scope of study?

Market Segmentation
By Product Type
• Circuit Breakers
• Contactors
• Switches & Disconnector
• Fuses
• Others

By Type
• Gas insulated
• Oil insulated
• Air insulated

By Application
o Residential
o Commercial
o Utility

Leading market players
• ABB Ltd.
• Al Ahelia Switchgear Co.
• Alfanar Group
• Eaton Corporation Plc
• General Electric Company
• Hager Middle East
• Larsen & Toubro Limited
• Legrand
• Schneider Electric SE
• Siemens AG

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About GMI Research

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

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Last Updated November 17, 2019