Top 10 Companies in Saudi Arabia Switchgear Market | Manufacturers & With official Website 2024

Top 10 Companies in Saudi Arabia Switchgear Market

Saudi Arabia switchgear market is highly competitive, with key players contributing to its growth and development. Key players in the market have a strong presence and they are continually investing in research and development to offer innovative solutions for various industries. One of the major contributors to the market growth is the local companies that manufacture switchgear products. These companies have established themselves as leaders in providing innovative and high-quality solutions for several industries such as power generation, oil & gas, and construction. They have also expanded their operations globally, exporting their products to other countries.

International companies have entered the Saudi Arabian market with their advanced technologies and expertise in switchgear manufacturing. These companies have a strong presence in the market, and their contributions towards meeting the country's increasing demand for electricity have been significant. As per 6Wresearch, Saudi Arabia Switchgear market size is anticipated to grow at a CAGR of 4.4% respectively during 2023-2029.

List of Leading Companies in the Saudi Arabia Switchgear Market

1. ABB Ltd

ABB Ltd is headquartered in Zurich, Switzerland. The company was founded in the year 1988 after the merger of ASEA and BBC. The company has a diverse portfolio of industrial technology products for customers in utilities, industry, transport and infrastructure.

2. Schneider Electric

Schneider Electric is headquartered in France. The company engages in the digital transformation of energy management and automation. It operates through the following segments: Energy Management; Industrial Automation; and Central Functions and Digital Costs.

3. Eaton Corporation

Eaton Corporation is headquartered in Dublin, Ireland. The company operates through various segments, including electrical Americas, electrical global, aerospace, vehicle, and eMobility. The company portfolio can broadly be classified into two halves i.e., the industrial sector and the electrical sector.

4. Siemens AG

Siemens AG is headquartered in Munich, Germany. The company is a technology group that is active in nearly all countries of the world, focusing on the areas of automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, smart mobility solutions for rail transport, and medical technology and digital healthcare services.

5. HD Hyundai Electric

HD Hyundai Electric is headquartered in South Korea. The company manufacture and supply electronic equipment and energy solutions for all phases of the world’s power supply. The company provides the best solution, especially in the areas of distribution, protection, measurement, control and telecommunications.

6. Alfanar Group

Alfanar Group is headquartered in Saudi Arabia. The company manufacture electrical construction products, EPC solutions for conventional and renewable power plants, allied engineering services and design engineering and have an international presence throughout much of the Middle East, Asia, Africa, and Europe.

7. Mitsubishi Electric Corporation

Mitsubishi Electric Corporation is headquartered in Tokyo, Japan. The company is involved in the manufacturing and sales of electric and electronic equipment used in Energy and Electric Systems, Industrial Automation, Information and Communication Systems, Electronic Devices, and Home Appliances.

8. Lucy Electric

Lucy Electric is headquartered in Thame, Oxfordshire, UK. The company manufactures and focuses on low and medium-voltage switchgear for utility, industrial and commercial applications and operates as a subsidiary of Lucy Group Ltd.

9. KFB Holding Group

KFB Holding Group is headquartered in Saudi Arabia. The company offers products and services in manufacturing, trading, contracting and service & solutions. The company operates in the GCC region.

10. Musaid Switchgear Factory Company Ltd 

Musaid Switchgear Factory Company Ltd is headquartered in Saudi Arabia. The company manufactures electrical switchgears, electrical distribution panels, distribution boards, motor control centers, power factor improvement panels, outdoor type package substations, cable distribution pillars and instrumentation/control panels for special applications.

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