Saudi Arabia Substation Automation Market – Opportunities and Forecast, 2020-2027

 The market report is a historical overview and in-depth study on the current and future market. The report also offers a basic overview of the market size, share, leading players, top regions with major countries data, and a detailed segmentation description. It investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The major players in the Saudi Arabia Substation Automation Market include:

·         ABB Saudi Arabia

·         Siemens Saudi Arabia

·         Rockwell Automation Saudi Arabia

·         Schneider Electric Saudi Arabia

·         General Electric Saudi Arabia

·         Schweitzer Engineering Laboratories, Inc.

·         Honeywell International Inc.

·         Eaton Corporation plc

·         Cisco Systems, Inc.

·         CG Power

·         Industrial Solutions Limited

Key Drivers of the Saudi Arabia Substation Automation Market:

The rising demand for low-cost substation automation solutions in the solar industry, the growing integration of functions with digital technology to enhance grid efficiency in smart cities, rising requirement for retrofitting conventional substations, and surging adoption of fiber optics cables due to its exceptional benefits are the major drivers propelling the growth of the Saudi Arabia substation automation market. The continuous economic growth in Saudi Arabia is increasing by the oil and gas sector, which needs a strong power infrastructure to secure reliable electricity supply to the country's industrial and commercial sectors. Saudi Arabian electricity companies aim to expand their existing substations to raise the substations' capacity, which further accelerate the growth of the Saudi Arabia substation automation market size.

The increasing technological advancement, such as advanced SCADA and communication technologies, is also boosting the market's growth. Furthermore, numerous ongoing mega-projects, such as NEOM, smart city project, Qiddiya, and other-regarding projects, further accelerate the demand to raise the capacity and efficiency of energy transmission. On the other hand, the high installation cost of the wireless sensor network and the increasing equipment costs are two factors that will restraint the growth of the Saudi Arabia substation automation industry during the forecast period.

Segmentation of the Saudi Arabia Substation Automation Market:

The market report contains regional volume and revenue of the forecast period. Moreover, it helps the reader to understand accurate data on volume sales according to the consumption for the same years.

On the basis of module, this report displays the production, revenue, price, market share, and overall growth rate of each module, primarily split into:

·         Intelligent Electronic Devices

·         Communication Networks

o    Wired Communication

o    Wireless Communication

·         SCADA Systems

On the basis of offering, this report displays the production, revenue, price, market share, and overall growth rate of each offering, primarily split into:

·         Hardware

o    Smart Meters

o    Programmable Logic Controllers

o    Protective Relays

o    Load Tap Changers

o    Recloser Controllers

o    Capacitor Banks

o    Others

·         Software

o    Asset Management

o    Production Management

o    Performance Management

·         Services

o    Training & Development

o    Upgrades & Retrofits

o    Installation & Commissioning

o    Repair, Testing, & Maintenance

On the basis of type, this report displays the production, revenue, price, market share, and overall growth rate of each type, primarily split into:

·         Transmission Substations

·         Distribution Substations

On the basis of installation type, this report displays the production, revenue, price, market share, and overall growth rate of each installation type, primarily split into:

·         Retrofit Installation

·         New Installation

On the basis of industry, this report displays the production, revenue, price, market share, and overall growth rate of each industry, primarily split into:

·         Utility

o    Non-Renewables

o    Renewables

§   Solar Projects

§   Wind Projects

·         Steel

·         Mining

·             9.4. Oil & Gas

About GMI Research:

GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use a tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on the niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us a pioneer in the emerging market research space. Our syndicate reports cover multiple industries across various regions and countries.

Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve.