Dublin, Oct. 11, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Saudi Arabia Switchgear Market (2016-2022): Market Forecast by Types (Air Insulated, Gas Insulated, Hybrid and Others), Voltage, Verticals and Regions and Competitive Landscape " report to their offering. The Saudi Arabian switchgear market is projected to reach $2.9 billion by 2022
Saudi Arabia is the leading switchgear market in the GCC region attributed to large scale investments in the power transmission and distribution sector along with regional interconnection of transmission networks. Furthermore, increasing penetration of private players in the power sector and growing infrastructure expansion activities in industrial and commercial verticals are some of the factors contributing to the demand for switchgear in the country. The grid strengthening and interconnection of regions which involves the establishment of more than 25 substations is likely to fuel the demand for switchgears. High voltage switchgears have acquired the highest revenue share owing to an increasing need for these in the power utility segment. The power utility segment accounted for a majority of the revenue share in the Saudi Arabian switchgear market. Over the next six years, the commercial and industrial segments are forecast to exhibit strong growth in the market. Amongst all regions, eastern, central and western regions captured the largest revenue shares in the country. During 2016-22, central and western regions are expected to register larger number of switchgear installations. This report thoroughly covers the market by switchgear types, by voltage, by verticals, and by regions. The report provides unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas and market drivers, which will help stakeholders to devise and align market strategies according to the current and future market dynamics. The report provides the detailed analysis of the following market segments: By Switchgear Types: - Air Insulated Switchgear - Gas Insulated Switchgear - Hybrid Switchgear - Other Switchgear By Voltage Types: - Low (< 1 KV) - Medium (3 KV - 36 KV) - High (> 36 KV) By Verticals: - Residential - Commercial - Industrial - Power Utilities - Infrastructure & Transportation Key Topics Covered: 1. Executive Summary 2. Introduction 3. Global Switchgear Market Overview 4. Saudi Arabia Switchgear Market Overview 5. Saudi Arabia Switchgear Market Dynamics 6. Saudi Arabia Switchgear Market Trends 7. Saudi Arabia Air Switchgear Market Overview 8. Saudi Arabia Gas Switchgear Market Overview 9. Saudi Arabia Hybrid Switchgear Market Overview 10. Other Saudi Arabia Switchgear Market Overview 11. Saudi Arabia Low Voltage Switchgear Market Overview 12. Saudi Arabia Medium Voltage Switchgear Market Overview 13. Saudi Arabia High Voltage Switchgear Market Overview 14. Saudi Arabia Switchgear Market Overview, By Verticals 15. Saudi Arabia Switchgear Market Overview, By Regions 16. Competitive Landscape 17. Company Profile 18. Key Strategic Pointers Companies Mentioned - AL Fanar Company Ltd. - ABB Ltd. - General Electric Company - Hitachi Ltd. - Hyundai Heavy Industries Co., LTD. - Hyosung Corporation - Larsen & Toubro - Schneider Electric SE - Siemens AG For more information about this report visit http://www.researchandmarkets.com/research/5s...udi_arabia
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