Saudi Arabia Power and Distribution Transformers Market Industry - 2020

Dec 17 2015 Mumbai, India: Bharatbook.com announces a report on “ Saudi Arabia Power and Distribution Transformers Market Industry – 2020 ”. Integration of renewable energy to the country’s existing power grid and the process of inter connecting the existing and new power transmission lines is expected to fuel growth in power and distribution transformers market in Saudi Arabia over the next five years.

With growing energy consumption and various mega infrastructure projects under construction, the Government of Saudi Arabia has been increasing its focus on expanding its power generation capacity. Growing capacity additions and rising power demand are consequently boosting demand for power and distribution transformers in the country. Integration of renewable energy to the country’s existing power grid and the process of inter connecting the existing and new power transmission lines is expected to fuel growth in power and distribution transformers market in Saudi Arabia over the next five years.

According to TechSci Research report “Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in the Kingdom is projected to cross US$ 720 million by 2020. On account of rapid industrialisation, surging power demand and increasing foreign investments in the Kingdom’s power sector, the demand for power as well as distribution transformers in Saudi Arabia is forecast to grow during 2015 - 2020. In 2014, Central region accounted for the largest share in the country’s power & distribution transformer market, followed by North & East, West and South regions of Saudi Arabia. Few of the leading transformer companies operating in the country include ABB Electrical Industries Co. Ltd., Saudi Transformers Company Ltd., WESCOSA and Saudi Power Transformer Company Ltd. “Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2020” discusses the following aspects of the power and...