Saudi Arabia Dry Transformers Market

The dry transformer is static equipment that based on temperature insulation systems. Conventional fluid transformers depend on ecologically saddling materials like oil or heatproof fluid dielectric. “Dry” alludes to the reality the device is cooled through natural ventilation instead of utilizing oil, silicone, or fluid to cool curls and the electrical center. Dry-type transformers, also called cast resin transformers, are control transformers with windings encased in epoxy pitch and the epoxy layer ensures it against dust and corrosion. Dry transformers are used in a wide variety of applications and can be installed indoors or outdoors. Dry transformers are more cost-effective, safety features, and efficient.

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The key factors propelling the growth of the market include rising electrification rate and advantages pertaining to safety over liquid-filled transformers. Increased focus of the government to build metropolitan areas especially in the cities of Riyadh, Jeddah, Mecca and Medina and rise in the number of projects such as NEOM and Saudi Vision 2030 are driving the growth of Saudi Arabia dry transformers market. In addition, growing electricity consumption in the residential and commercial sector is expected to create demand for dry transformers during the forecast period. Implementation of smart grids and extensive government support may further increase the need for dry transformers in Saudi Arabia Growing knowledge pertaining to sustainable development among the general population may further increase the demand for energy-efficient solutions such as dry transformers.

Increasing investments in the transmission and distribution networks in the country is another important factor which will help the market to grow at a substantial rate during the forecast period. However, high cost associated with dry transformer may hamper the growth of the market during the forecast period.

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Based on voltage, low voltage dry transformer segment is expected to grow at a higher CAGR during the forecast period owing to the increased development within the construction sector. The upcoming mega projects, development of smart cities and increase investment by the government on the construction sector are the major factors which will help the market to grow at the substantial rate during the forecast period.

Based on application, commercial segment is expected at a higher CAGR during the forecast period owing to the increasing number of infrastructure projects in the country. For instance, Saudi Arabia invested USD 23 billion in four urban development projects in Riyadh, which include King Salman Park, Green Riyadh, Sports Boulevard, and Riyadh Art. Additionally, Saudi Arabia plans to invest USD 36 billion for transportation -infrastructure projects, which include airports, railways, ports, and roads.

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Major players of the Saudi Arabia dry transformers market are focusing on expanding their customer base across the globe by leveraging on the strategic collaboration, joint venture, and partnership to increase their market share and their profitability. Various notable players operating in the market, include Siemens AG, Schneider Electric SE, WESCOSA, Hyundai Heavy Industries Co. Ltd., The Saudi Transformers Company Ltd., Arabian Transformer Company, ABB, Eaton Corporation, Alfanar Company Ltd., General Electric Company.

Key Development:

• • In October 2019 , Hyundai Electric & Energy Systems Co. received a contract USD 23 million for providing power transformers to a Saudi Arabian gas project named as Hawiyah Unayzah Gas Reservoir Storage Project.

Saudi Arabia Dry Transformers market has been segmented based on voltage, phase, application and  technology. Based on the voltage, the market is categorized into low voltage and medium voltage. Based on the phase , the market is segmented into single-phase and three-phase. Based on application, the market is segmented into industrial, commercial and others. Based on technology, the market is segmented into cast resin and vacuum impregnated.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Dry Transformers market growing? What will be the Saudi Arabia Dry Transformers market forecast?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the various application areas and how they are poised to grow?

Market Segmentation

Saudi Arabia Dry Transformers Market by Voltage

• • Low Voltage
  • Medium Voltage

Saudi Arabia Dry Transformers Market by Application

• • Commercial
  • Industrial
  • Others

Saudi Arabia Dry Transformers Market by Phase

• • Single Phase
  • Three Phase

Saudi Arabia Dry Transformers Market by Technology

• • Cast Resin
  • Vacuum Impregnated

Leading market players

• • Siemens AG
  • Schneider Electric SE
  • WESCOSA
  • Hyundai Heavy Industries Co. Ltd.
  • The Saudi Transformers Company Ltd.
  • Arabian Transformer Company
  • ABB
  • Eaton Corporation
  • Alfanar Company Ltd.
  • General Electric Company