Saudi Arabia Low Voltage Switchgear Market Growth and Future Prospects Analyzed 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.
 
Low voltage switchgear has a limit of up to 1.1 kV AC. They are intended for protecting and exchanging electrical types of devices. They are work as a backbone for the present-day electrical system. They are significantly used to limit electric breakdown and reduce delayed consequences of deficiency flows that move through the circuit. Low voltage switchgear serves a wide scope of enterprises, for example, private and commercial, process ventures, manufacturing organizations, utilities and sustainable power source providers.

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Major key bolstering factors driving the market growth are rising demand for electrification coupled with potential replacement of switchgear and Increasing demand for secure and reliable power distribution networks. Rising awareness, lower competence from other insulation technologies and higher demand for circuit protection devices are also spurring the growth of the market. Also, increasing awareness and introduction of cutting edge designed. Low voltage switchgear is also positively impacting the growth of the market. Incorporation of sustainable power sources into the power grid will require improvement of intensity control system, which is relied upon to boost the demand for low voltage switchgear in Saudi Arabia. However, raw material availability and cost constraint may restraint the growth of the market during the forecast period.

The Saudi Arabian low voltage switchgear market is expected to grow at a good pace during the forecast period owing to the strengthening of the power grid and large-scale investment transmission & distribution. High usage of low voltage switchgear across utilities and commercial sectors such as new hotels, healthcare facilities, museums, and public infrastructure will increase the consumption of this switchgear in the upcoming few years. Besides, the commercial and industrial segments create a huge opportunity for market growth due to higher adoption of low voltage switchgear over conventional.

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Various notable players operating in the market, include First AL Fanar Company Ltd., ABB Ltd., General Electric Company, Hitachi Ltd., Hyundai Heavy Industries Co., LTD., Hyosung Corporation, Larsen & Toubro, Schneider Electric SE, Siemens AGamong others.

Key questions answered in this research report:
1- At what pace is Saudi Arabia Low Voltage Switchgear market growing? What will be the Saudi Low 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 Low Voltage Switchgear and market size?
4- Saudi Arabia Low Voltage Switchgear market outlook, application areas and how they are poised to grow?
5- Saudi Arabia Low Voltage Switchgear market overview, industry analysis and scope of study?

Market Segmentation
By Product Type
o MCB
o MCCB
o ACB
o RCD
o Switch Disconnectors
o Power & Distribution Enclosures
o Contractors & Overload Protection Devices
o Others

By Type
o Fixed Mounting
o Plug-in
o Withdrawable Unit

By Voltage
o 250 Volts
o 251-750 Volts
o> 750 Volts

By Installation
o Indoor
o Outdoor

By Application
o Residential
o Commercial
o Utility

Leading market players
• AL Fanar Company Ltd.
• ABB Ltd.
• General Electric Company
• Hitachi Ltd.
• Hyundai Heavy Industries Co., LTD.
• Hyosung Corporation
• Larsen & Toubro
• Schneider Electric SE
• Siemens AG

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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.

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Last Updated November 17, 2019