DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Saudi Arabia Package Substation Market (2016-2022): Market Forecast by Types, Verticals, Regions and Competitive Landscape" report to their offering.
Growing energy demand, rising power transmission & distribution network, increasing infrastructure development activities and shift towards power generation from renewable source of energy are anticipated to drive the demand for package substation market in Saudi Arabia.
The market is projected to reach $842.9 million by 2022. The grid strengthening and interconnection of regions in the recent years due to increased industrial activities and infrastructure projects have fueled the demand for package substations. The power utility segment also accounted for major portion of the revenue share, which is expected to increase with renewable energy making strong foothold in country with government's plan to achieve 9.5 GW of energy through renewables.
Even though, the economy of the Kingdom has suffered majorly due to collapse of global crude oil prices; the country is expected to bounce back post 2018 with the recovery of these prices. Public infrastructure projects, transportation, industrial cities and power projects are expected to fuel the demand for package substation in Saudi Arabia.
Amongst all the regions, the Central, Eastern and Western regions captured major share of the market. During 2016-22, the Central and Eastern regions are expected to register larger number of package substation installations.
- ABB Ltd.
- AL Fanar Company Ltd.
- General Electric Company
- Hawa Electric Panel Board Factory
- Lucy Electric UK Ltd
- Schneider Electric SE
- Siemens AG
- The International Electrical Products Company (TIEPCO)
- The Saudi transformers Company Ltd.
United Technology of Electric Substations & Switchgears Co.(USSG)
Key Topics Covered:
1 Executive Summary
3 Global Package Substation Market Overview
4 Saudi Arabia Package Substation Overview
5 Saudi Arabia Package Substation Dynamics
6 Saudi Arabia Package Substation Trends
7 Saudi Arabia
9 Saudi Arabia Package Substation Market Overview, By Verticals
10 Saudi Arabia Package Substation Overview, By Regions
11 Competitive Landscape
12 Company Profiles
13 Key Strategic Pointers
For more information about this report visit http://www.researchandmarkets.com/research/m56jfz/saudi_arabia