Saudi Arabia Low Voltage Industrial Controls Market

In industrial control, electronic modules, circuits, and other equipment are used to operate several types of machines in a manufacturing plant. These are also being used in residential as well as automotive sector. Most of the industrial machine are powered by electric motors which require properly controlled power to operate these machines in order to avoid machine damage and to enhance performance and efficiency. Low voltage industrial controls are used to control machine effectively and safely as well as save energy. The various industrial control products such as circuit breaker, relays, motor starters among other help to operate machine smoothly and efficiently during voltage fluctuations. Low voltage industrial controls use for various applications such as residential, commercial, transportation, as well as by multiple industries such as the manufacturing and process industry. It enhances the reliability and efficiency across all major industries, including the residential.

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The major factors that are driving the growth of the Saudi Arabia Low Voltage Industrial Control market are increasing industrialization and urbanization, rising demand for renewable energy sources, growing demand for the safe and secure electrical distribution system, and increasing renovation and expansion activities in transmission and distribution network. The ongoing mega projects in Saudi Arabia such as smart city development, Qiddiya, an entertainment city, among others, has increased the demand for various smart and electrical devices and machines further propel the growth of the market to reduce damages cause by current variation, and consume less energy. Saudi Arabia is focusing on increasing power generating capacity to meet growing energy demand, which is fuelling the growth of the market. The low voltage industrial controls help to maximize facility uptime, optimized efficiency, boost productivity, compact in size, easy to install, and reducing dangers of electrical distribution, which further propel the growth of the market. However, increasing raw material prices is restraining the growth of the market.

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Based on the product, the circuit breaker segment is expected to grow during the forecast period owing to the increased demand from various projects such as smart city, the red sea project, among others. These circuit breakers finds extensive usage in the electrical devices as they provide protection against damage to electric machines due to voltage variations. Moreover, these devices are cost-effective and have a longer life cycle and provide greater reliability which is further propelling the growth of the market. A circuit breaker is used to control the sudden rise and down of voltage or current. The circuit breaker segment includes Molded Case Circuit Breaker (MCCB), and Miniature Circuit Breaker (MCB).

Based on the application, the telecommunication, transportation and residential segments is expected to grow at a higher rate in the Saudi Arabia Low Voltage Industrial Control market during the forecast period. The ongoing mega projects in Saudi Arabia such as smart city project “NEOM,” an entertainment megaproject Qiddiya, Jeddah Tower, Makkah Grand Mosque-third expansion, Riyadh Rapid Bus Transit System among others has increased the demand for electrical machines for various applications which inturn has increased the requirement for low voltage industrial controls to minimize machine downtime and improve efficiency and performance of the machine. This will fuel the growth of the low voltage industrial control market during the forecast period.

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Various notable players in the Low Voltage Industrial Controls market include ABB Saudi Arabia, Siemens Saudi Arabia, Rockwell Automation Saudi Arabia, Schneider Electric Saudi Arabia, General Electric Saudi Arabia, Honeywell International Inc., Fuji Electric Co., Ltd., Mitsubishi Electric Saudi Ltd., Alstom Saudi Arabia and among others.

The Saudi Arabia Low Voltage Industrial Controls market has been segmented based on the product and application. Based on the product, the market is segmented Circuit Breaker, Contactors and Relays, Motor Starters, Thermal Overload Relay, Others. Based on the circuit breaker, the market is further segmented into Molded Case Circuit Breaker (MCCB), and Miniature Circuit Breaker (MCB). Based on application, the market is segmented into Process Industry, Manufacturing Industry, Transportation, Aerospace & Defense, Commercial, Residential, Renewable Energy, Telecommunication.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Low Voltage Industrial Controls market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia Low Voltage Industrial Controls market? What will be the impact of drivers and restraints in the future?
  • What are the various application of the Saudi Arabia Low Voltage Industrial Controls market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Low Voltage Industrial Controls Market by Product         

• • Circuit Breaker
    • Molded Case Circuit Breaker (MCCB)
    • Miniature Circuit Breaker (MCB)
  • Contactors and Relays
  • Motor Starters
  • Thermal Overload Relay
  • Others

Saudi Arabia Low Voltage Industrial Controls Market by Application

• • Process Industry
  • Manufacturing Industry
  • Transportation
  • Aerospace & Defense
  • Commercial
  • Residential
  • Renewable Energy
  • Telecommunication

Leading Market Players (Option 1: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Saudi Arabia
  • Siemens Saudi Arabia
  • Rockwell Automation Saudi Arabia
  • Schneider Electric Saudi Arabia
  • General Electric Saudi Arabia
  • Fuji Electric Co., Ltd.
  • Mitsubishi Electric Saudi Ltd.
  • Alstom Saudi Arabia