Saudi Arabia Power Capacitors Market

Power capacitor refers to a passive electronic component that acts as a source of reactive power in electrical distribution systems. It is used for power transmission and distribution in a range of voltage systems to improve network quality. The power capacitors are also used as RFI and voltage and frequency converters in traction and industrial sectors. They are widely used across different verticals in industries such as commercial, industrial, and residential. The benefit of improved power capacitors is diminished line and transformer losses, improved voltage profile, decreased demand, and improved power quality.

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The significant factors that are driving the growth of the Saudi Arabia Power Capacitor market are rising consumption for electricity, technological upgradations, and growing industrial and commercial facilities. Saudi Arabia mega-project such as Smart City “Neom,” Saudi Arabia Vision 2030, the Red Sea Project among others are increasing the demand for energy efficient capacitor, which in turn, will fuel the growth of the power capacitor market in Saudi Arabia. Increasing focus to generate power from renewable energy sources is further boosting the growth of the market. Various solar projects are running under the Saudi Arabia National Renewable Energy Programme (NREP) such as Medina solar PV independent power project (IPP), Rafha solar PV IPP, which increases the demand for power capacitor for the transmission of energy. Saudi Arabia is also planning to build a wind energy power plant of 400-megawatt at Dumat Al Jandal facility in north-western Saudi Arabia, which will further increase the demand for power capacitors. Moreover, the growing demand for power capacitors driven by its application across industries such as oil and gas, Telecommunication, power utilities to reduce energy consumption are expected to have a positive impact on the growing demand of the market. Expanding grid infrastructure to increase electricity accessibility and distribution network is also expected to create demand for power capacitors during the forecast period. However, the high cost of power capacitors may hamper the growth of the market.

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Based on the product, the film capacitor is expected to grow at a higher CAGR in the market during the forecast period owing to its ability to reduce energy losses even at high frequency, offer high reliability under extreme environmental conditions, low cost, and high stability. This capacitor is widely used in electronics & digital products and for industrial and general-purpose applications in electronic components.

Based on the application, the Energy & Power Sector segment is projected to grow at a higher CAGR during the forecast period. The increasing demand for electricity in Saudi Arabia is rising the focus to transmit and distribute electricity efficiently, which fuel the growth of the market. Moreover, various mega-project such as Vision 2030, smart city, the red sea project, and among others are further propelling the growth of the market during the forecast period.

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Various notable players in the power Capacitor market include ABB Saudi Arabia, Eaton Corporation Middle East, General Electric Saudi Arabia, WAHAH Electric Supply Co. of Saudi Arabia Ltd., Rakan Electronics, Saudi Electric Supply Company (SESCO), Electro Power Systems, Illinois Capacitor HK, Ltd. among others.

The Saudi Arabia Power Capacitor market has been segmented based on the product, voltage, and application. Based on the product, the market is segmented into Paper Dielectric Capacitors, Ceramic Capacitors, Film Capacitors, and Other. Based on voltage, the market is segmented into low voltage, medium voltage, and high voltage. Based on application, the market is segmented into Energy & Power, Commercial, Industrial, Telecommunication, Construction, and Others.

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Key questions answered in this research report:

• • At what pace is the Saudi Arabia Power Capacitor market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the Saudi Arabia Power Capacitor market? What will be the impact of drivers and restraints in the future?
  • What are the various application of the Saudi Arabia Power Capacitor 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 Power Capacitor Market by Product

• • Paper Dielectric Capacitors
  • Ceramic Capacitors
  • Film Capacitors
  • Other

Saudi Arabia Power Capacitor Market by Voltage

• • Low Voltage
  • Medium Voltage
  • Hight Voltage

Saudi Arabia Power Capacitor Market by Application

• • Energy & Power
  • Commercial
  • Industrial
  • Telecommunication
  • Construction
  • Others

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

• • ABB Saudi Arabia
  • Eaton Corporation Middle East
  • General Electric Saudi Arabia
  • WAHAH Electric Supply Co. of Saudi Arabia Ltd
  • Rakan Electronics
  • Saudi Electric Supply Company (SESCO)
  • Electro Power Systems
  • Illinois Capacitor HK, Ltd.