Saudi Arabia Switchgear Market (2023-2029) | Size, Share, Trends, Revenue, industry, Growth & Outlook

Saudi Arabia Switchgear Market is projected to grow over the coming year. Saudi Arabia Switchgear Market report is a part of our periodical regional publication Middle East Switchgear Market outlook report. 6W tracks the Switchgear market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Switchgear Market outlook report annually.

Latest 2023 Development of the Saudi Arabia Switchgear Market

The Saudi Arabia Medium Voltage Switchgear Market is currently experiencing a number of developments.

• One key development in the sector is the growing demand for medium voltage switchgear owing to the rising construction as well as infrastructure sectors in the country. The government of the country focuses on diversifying the economy as well as reducing dependence on oil revenue, driving the demand for efficient and reliable power distribution equipment such as medium voltage switchgear.
• Another significant development taking place in the market is the rising adoption of smart and virtual technologies in the medium voltage switchgear market in Saudi Arabia. This trend is driven by the requirement for more efficient as well as automated power distribution systems which can respond to the transforming demand patterns as well as reduce downtime. Key players in the sector are investing in research and development activities in order to integrate advanced virtual technologies such as AI, IoT, and cloud computing into their medium-voltage switchgear items.
• Additionally, there are a number of collaborations and partnerships between key players in the medium voltage switchgear sector and local players in the nation. These partnerships aim to leverage local expertise as well as resources to better serve the requirements of the Saudi Arabian market. 
• Overall, the Saudi Arabia Medium Voltage Switchgear Market is projected to continue evolving and growing in response to the nation's economic as well as technological developments.

Saudi Arabia Switchgear Market Synopsis

Saudi Arabia Switchgear Market is expected to gain momentum during the forthcoming years owing to rising industrialization. The rapidly growing petrochemical industry backed by the increasing development of infrastructure is driving the Saudi Arabia Switchgear Market Growth. Additionally, the growing efforts of the government of Saudi Arabia to develop renewable power infrastructure is one of the key factors adding to the development of the market.

According to 6Wresearch, Saudi Arabia Switchgear Market size is projected to register growth during 2022-2028. Increasing consumption of electricity owing to rising urbanization, modernization and industrialization is adding to the Saudi Arabia Switchgear Market Share. Rising space constraints along with ongoing investment for the enhancement of compact control equipment will complement the growth of the market. Furthermore, ongoing investment in the commercial and residential sectors is also proliferating the growth of the market. The global health emergency due to the outburst of COVID-19 is expected to hamper the growth of the market owing to partial or complete lockdown by the government.

Market Analysis by Voltage

On the basis of voltage, the low voltage segment is expected to gain a substantial share during the forthcoming years on account of usage in a wide range of industries such as residential and commercial sectors.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market. 

Key Highlights of Switchgear Report

• Saudi Arabia Switchgear Market Overview
• Saudi Arabia Switchgear Market Outlook
• Saudi Arabia Switchgear Market Forecast
• Historical Data and Forecast of Saudi Arabia Switchgear Market Revenues, By Voltage and By Applications for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Low Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Low Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Medium Voltage Switchgear Market Revenues, By Insulation Types for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia Medium Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia High Voltage Switchgear Market Revenues, By Types for the Period 2018-2028F
• Historical Data and Forecast of Saudi Arabia High Voltage Switchgear Market Revenues, By Applications for the Period 2018-2028F
• Market Drivers and Restraints
• Saudi Arabia Switchgear Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Market Player’s Revenue Shares
• Market Competitive Benchmarking
• Saudi Arabia Switchgear Market Share, By Company
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Voltage
  

• Low Voltage (0-1.1 kV)
• Medium Voltage (1.1-36 kV)
• High Voltage (>36 kV)

• By Low Voltage
  

• Types
• MCB
• MCCB
• ACB
• Others (Distribution Boards, Contactors, Relays, Starters, Fuses, COS, MPCB)
• Applications
• Residential
• Commercial
• Power Utilities
• Industrial
• Others (Transportation, Oil and Gas)

• By Medium Voltage
  

• Insulation Types
• AIS
• GIS
• Applications
• Residential
• Commercial
• Power Utilities
• Industrial
• Others (Transportation, Oil and Gas)

• By High Voltage
  

• Insulation Types
• AIS
• Others (GIS, Oil Insulated)
• Applications
• Residential
• Commercial
• Power Utilities
• Industrial
• Others (Transportation, Oil and Gas)

Latest 2021 Developments:

Saudi Arabia Switchgear Market is witnessing innovation as ABB introduced a new switchgear which reduce expenditure up to 30% and reduce footprints and unplanned downtime. Condition monitoring solutions from ABB Ability collect, analyze, and visualize a variety of data in order to deliver useful process insights. ABB offers digital versions of most of its low and medium-voltage switchgear. ABB will optimize the design of solid insulating components switchgear modules using direct numerical simulations and ultrafast imaging studies. On 29 June 2021, Siemens Energy was given a contract by Saudi Arabia government to power Saudi housing megaproject. Siemens Energy will provide reliable power to a community of over 30,000 residences in Riyadh, Saudi Arabia's capital.

Mergers And Acquisition:

• On 01 Oct 2020, Codian Robotics B.V., a prominent provider of delta robots, was bought by ABB. Delta robots are used largely for high-precision pick and place applications.
• On 20 July 2020, ABB announced it will acquire ASTI Mobile Robotics Group (ASTI)

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Previous Release:

Growing commercial and industrial sectors on the back of Saudi Arabia Vision 2030, increasing infrastructure development activities and large-scale investments in the power transmission & distribution sectors has propelled the demand for switchgear market in Saudi Arabia. Currently, the Saudi Arabia Switchgear market is dominated by gas-insulated switchgear on account of technological and economic advantages associated with it over air insulated switch gears.

According to 6Wresearch, Saudi Arabia Switchgear Market size is anticipated to register growth during 2019-25. Based on voltage, low voltage switchgear is expected to capture the majority of the market revenues over the coming years, owing to increasing urbanization and rising demand for switchgear from the industrial sector. Moreover, the grid strengthening and interconnection of regions that involve the establishment of substations in the country is likely to fuel the demand for switchgear during the forecast period.

Increasing government spending to replace the old electric framework with the new efficient framework would propel market growth. Further, rising focus on the construction of new power plants to meet energy demands such as the Dumat Al Jandal wind power plant which would cost around $500 million would positively influence the market growth during the forecast period.

The Saudi Arabia Switchgear market report thoroughly covers the market by types, voltage, insulation, applications, and regions including the central region, western region, eastern region, and southern region. The Saudi Arabia Switchgear market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Switchgear market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The increase in the massive industrial development and construction with regard to the commercial and the hospitality sector is leading to an increase in the newly adopted and technically upgraded infrastructural equipment and is expected to boost the deployment of switchgear in the market. Further, some of the upcoming projects in the kingdom of Saudi Arabia, where some them to be mentioned are Makkah Grand Mosque Developer, Kind Abdullah Financial District, Kingdom Tower, and Jabal Omar Developers are anticipated to bring in bountiful opportunities for the growth of switchgear deployment in various industrial applications in Saudi Arabia which as a result is anticipated to leave a positive impact on the growth of the overall Saudi Arabia switchgear market in the coming timeframe. Additionally, a rise in the present infrastructure up-gradation in the residential sector is leading to an increased deployment of switchgear especially in the circuit breaker segment to avoid short circuits since almost the whole building process is run electrically now and this would bring in new horizons for the market growth in the coming timeframe. 

Key Highlights of the Report:

• Saudi Arabia Switchgear Market Overview
• Saudi Arabia Switchgear Market Outlook
• Saudi Arabia Switchgear Market Forecast
• Historical Data of Saudi Arabia Switchgear Market Revenues & Volume for the Period 2015-2018
• Saudi Arabia Switchgear Market Size and Saudi Arabia Switchgear Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Saudi Arabia Switchgear Market Revenues & Volume, by Types, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Switchgear Market Revenues & Volume, by Types, Until 2025
• Historical Data of Saudi Arabia Switchgear Market Revenues & Volume, by Voltage types, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Switchgear Market Revenues & Volume, by Voltage types, Until 2025
• Historical Data of Saudi Arabia Switchgear Market Revenues & Volume, By Applications, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Switchgear Market Revenues & Volume, By Applications, Until 2025
• Historical Data of Central Region Switchgear Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Central Region Switchgear Market Revenues and Volume, Until 2025
• Historical Data of Western Region Switchgear Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Western Region Switchgear Market Revenues and Volume, Until 2025
• Historical Data of Eastern Region Switchgear Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Eastern Region Switchgear Market Revenues and Volume, Until 2025
• Historical Data of Southern Region Switchgear Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Southern Region Switchgear Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Saudi Arabia Switchgear Market Price Trends
• Saudi Arabia Switchgear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Switchgear Market Share, By Players
• Saudi Arabia Switchgear Market Share, By Regions
• Saudi Arabia Switchgear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations 

Markets Covered

The Saudi Arabia Switchgear Market report provides a detailed analysis of the following market segments:

• By Voltage:
  • Low Voltage Switchgear
  • Medium Voltage Switchgear
  • High Voltage Switchgear
• By Insulation:
  • Medium Voltage Switchgear
    • Air Insulated
    • Gas Insulated
    • Others
  • High Voltage Switchgear
    • Air Insulated
    • Gas Insulated
    • Others
• By Types:
  • Low Voltage Switchgear
    • • MCB
      • MCCB
      • C&R
      • ACB
      • COS
      • Others
  • Medium Voltage Switchgear
    • • Indoor Switchgear (ISG)
      • Outdoor Switchgear (OSG)
      • Others
• By Applications:
  • Residential
  • Commercial
  • Industrial
  • Power Utilities
  • Other
• By Regions:
  • Central Region
  • Western Region
  • Eastern Region
  • Southern Region