Saudi Arabia High Voltage Switchgear Market

High voltage switchgear is designed for distributing electricity and power transmission. Voltage ranging above 36KV is referred to as high voltage switchgear and it can be installed indoor and outdoor as per the requirement. High voltage switchgear is widely used for power transmission in various application areas such as cities, towns, industrial centers. Switchgear consists of a combination of disconnect switches, fuses or circuit breakers which are used to electrical networks to control, protect and isolate electrical equipment. Voltage ranging above 36KV is referred to as high voltage switchgear.

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Market Dynamic

Key Drivers and Emerging Trends

Major factors such as growth in high voltage switchgear installations across residential rapid industrialization, urbanization, wide product portfolio, rising demand for electrification coupled with potential replacement of switchgear. Increasing demand for secure and reliable power distribution networks is further fuelling market growth. In addition, the introduction of smart grid technology and government initiative to upgrade and modernize power distribution will gain traction for high voltage switchgear during the forecast period. Rising awareness and higher demand for circuit protection devices are also spurring the growth of the market. However, increasing raw material prices are expected to hamper the growth of the market.

Increased investment from alternative energy sources is creating major demand for high voltage switchgear in the Kingdom. Saudi Arabia expected to reach 27.3 GW of renewable power capacity including 20 GW of solar PV and 7 GW of wind energy under Saudi Vision 2030. This further expected to increase the use of high voltage switchgear. In addition, rising installation and investment of renewable energy will further propel the market growth of Saudi Arabia high voltage switchgear market.

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The government of Saudi Arabia is focusing on the transmission and distribution segment to the rising demand for electricity from the Utilities and Industrial sectors. Accordingly, the Saudi Arabian power sector is witnessing significant growth in power sectors over the coming years. For instance: Saudi Arabia intends to delicate 11 PV power ventures with a joined limit of 2,225 MW this year. Also, Saudi Arabia is encountering a substantial development in construction, new transmission and distribution network and up-gradation & replacement of aging electrical equipment. Such advancements will further lead the power demand and thus impact the market growth of High voltage switchgear.

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Top Market Players

Various notable players operating in the market, include ABB Ltd., Al Ahelia Switchgear Co., Alfanar Group, Eaton Corporation Plc., General Electric Company, Hager Middle East, Larsen & Toubro Limited, Legrand, Schneider Electric SE, Siemens AG among others.

Key Development:

• • In 2023, Hitachi Energy signed an agreement with the Gulf Cooperation Council Interconnection Authority for upgrading Al-Fadhili high-voltage direct current converter station to ensure power security and grid stability under the GCCIA authority in the country. Hitachi Energy will provide its HVDC solutions includes high voltage switch gear, HVDC converter values, system studies, installation supervision.

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Market Segmentation

Saudi Arabia High Voltage Switchgear Market by Type

• • Gas insulated
  • Air insulated
  • Others

Saudi Arabia High Voltage Switchgear Market by End-User

• • Commercial & Residential
  • Industrial & Utilities

Leading market players

• • ABB Ltd.
  • Al Ahelia Switchgear Co.
  • Alfanar Group
  • Eaton Corporation Plc
  • General Electric Company
  • Hager Middle East
  • Larsen & Toubro Limited
  • Legrand
  • Schneider Electric SE
  • Siemens AG