Saudi Arabia Power and Distribution Transformers Market Forecast and Opportunities, 2020
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- Date Submitted: 02/26/2016 11:19 PM
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27 Feb, 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Power and Distribution Transformers Market Forecast and Opportunities, 2020” On account of rapid industrialization, surging power demand and increasing foreign investments in the Kingdom’s power sector, the demand for power as well as distribution transformers in Saudi Arabia is forecast to grow during 2015 - 2020.
http://www.marketreportsonsaudiarabia.com/energy-utility-market-research-reports-3095/saudi-arabia-power-distribution-transformers.html
With growing energy consumption and various mega infrastructure projects under construction, the Government of Saudi Arabia has been increasing its focus on expanding its power generation capacity. Growing capacity additions and rising power demand are consequently boosting demand for power and distribution transformers in the country. Integration of renewable energy to the country’s existing power grid and the process of inter connecting the existing and new power transmission lines is expected to fuel growth in power and distribution transformers market in Saudi Arabia over the next five years.
According to report “Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in the Kingdom is projected to cross US$ 720 million by 2020. On account of rapid industrialization, surging power demand and increasing foreign investments in the Kingdom’s power sector, the demand for power as well as distribution transformers in Saudi Arabia is forecast to grow during 2015 - 2020. In 2014, Central region accounted for the largest share in the country’s power & distribution transformer market, followed by North & East, West and South regions of Saudi Arabia. Few of the leading transformer companies operating in the country include ABB Electrical Industries Co. Ltd., Saudi Transformers Company Ltd., WESCOSA and Saudi Power Transformer Company Ltd....
http://www.marketreportsonsaudiarabia.com/energy-utility-market-research-reports-3095/saudi-arabia-power-distribution-transformers.html
With growing energy consumption and various mega infrastructure projects under construction, the Government of Saudi Arabia has been increasing its focus on expanding its power generation capacity. Growing capacity additions and rising power demand are consequently boosting demand for power and distribution transformers in the country. Integration of renewable energy to the country’s existing power grid and the process of inter connecting the existing and new power transmission lines is expected to fuel growth in power and distribution transformers market in Saudi Arabia over the next five years.
According to report “Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in the Kingdom is projected to cross US$ 720 million by 2020. On account of rapid industrialization, surging power demand and increasing foreign investments in the Kingdom’s power sector, the demand for power as well as distribution transformers in Saudi Arabia is forecast to grow during 2015 - 2020. In 2014, Central region accounted for the largest share in the country’s power & distribution transformer market, followed by North & East, West and South regions of Saudi Arabia. Few of the leading transformer companies operating in the country include ABB Electrical Industries Co. Ltd., Saudi Transformers Company Ltd., WESCOSA and Saudi Power Transformer Company Ltd....