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Saudi Arabia Electric Motors and Transformers Maintenance Market: By Type: MV Electric Motors, HV Electric Motors; By Application: Oil and Gas Exploration, Utility, Construction, Manufacturing, Transportation, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Saudi Arabia Electric Motors and Transformers Maintenance Market Outlook
The Saudi Arabia electric motors and transformers maintenance market size reached approximately USD 1.62 billion in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032, reaching a value of around USD 3.01 billion by 2032.
Key Trends in the Market
Electric motors and transformers constitute pivotal elements used in diverse industrial, commercial, and residential sectors. Ensuring their sustained and efficient performance throughout their operational life cycle necessitates diligent maintenance practices. These encompass meticulous procedures, including visual assessments, precise lubrication, comprehensive dissolved gas analysis, and thorough inspection of the cooling system, among others.
- One of the primary factors supporting the Saudi Arabia electric motors and transformers maintenance market expansion is the country's ambitious industrialisation and infrastructure development initiatives. With Vision 2030 as a guiding force, Saudi Arabia aims to diversify its economy and reduce its reliance on oil. This has led to a surge in investments in sectors like manufacturing, petrochemicals, and renewable energy, all of which heavily depend on electric motors and transformers.
- The Saudi Arabia electric motors and transformers maintenance market growth is expected to surge in the coming years owing to technological advancements. Predictive maintenance solutions, supported by the Internet of Things (IoT) and advanced sensors, are gaining traction to allow for real-time monitoring of key performance indicators, enabling maintenance teams to anticipate and address potential issues.
- The country’s regulatory environment plays a pivotal role in propelling the Saudi Arabia electric motors and transformers maintenance market demand. Government bodies have implemented stringent standards and regulations to ensure the safety, reliability, and efficiency of electrical equipment.
Saudi Arabia Electric Motors and Transformers Maintenance Market Analysis
The market is analysed on the basis of electric motor maintenance and transformers maintenance. The report further analyses the Saudi Arabia electric motor maintenance market based on type, application, and region.
Based on type, the market can be segmented into MV electric motors and HV electric motors. The market, based on application, is divided into oil and gas exploration, utility, construction, manufacturing, and transportation, among others.
Moreover, the report analyses the Saudi Arabia transformers maintenance market based on application and regions. The various applications of transformer maintenance are utility, manufacturing/industrial, and commercial and residential.
The major regional markets for electric motors and transformer maintenance in Saudi Arabia are Riyadh Region, Jeddah and Mecca Region, and Eastern Region, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia electric motors and transformers maintenance market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- TECO Middle East
- Alfanar Group
- EXAP Contracting
- Besttech Electric
- Schneider Electric
- Al-Khobar Electrical Est
- Zahran Facilities Management
- The Saudi Transformer Company Ltd.
- ABB Ltd.
- Others
Market Share by Type
The market for electric motor maintenance is expected to account for a considerable portion of the Saudi Arabia electric motors and transformers maintenance market share in the forecast period. MV electric motors are expected to play a crucial role in aiding the market. MV electric motors power a wide range of industrial machinery, including pumps, compressors, conveyors, and crushers. They are commonly used in sectors like manufacturing, petrochemicals, and mining.
Furthermore, MV motors are indispensable in the oil and gas sector as they are required to power drilling equipment, pumps for extraction and transportation, as well as various processing units. The wide applications of the motor in important tasks are propelling the need for regular maintenance to ensure that these motors operate efficiently and safely.
Market Share by Application
As per the Saudi Arabia electric motors and transformers maintenance market analysis, the demand for electric motors maintenance is expected to rise in the coming years due to the robust growth of the construction sector. As the country undergoes rapid urbanisation and industrialisation, there is an unprecedented demand for electrical infrastructure. This includes the installation of electric motors and transformers in various construction projects, ranging from commercial and residential buildings to large-scale industrial facilities.
To ensure the longevity and reliable performance of these critical components, regular maintenance is essential. This creates a steady and growing need for professional maintenance services, including inspections, testing, and repairs.
Competitive Landscape
TECO Middle East is a prominent player in the electrical sector, known for its expertise in electric motors and drive solutions. With a strong presence in the Middle East region, TECO has established itself as a reliable provider of high-quality and innovative products and services. The company’s offerings cater to diverse sectors, including industrial, commercial, and residential applications, contributing to the efficiency and reliability of electrical systems.
Alfanar Group is a prominent Saudi Arabian conglomerate known for its diversified portfolio of businesses spanning various fields. Established in 1976, the company has steadily grown into a global player with a presence in over 35 countries. Alfanar operates in sectors like electrical, construction, manufacturing, and renewable energy.
Schneider Electric is a global leader in energy management and automation solutions, operating in over 100 countries. With a legacy spanning more than a century, the company is at the forefront of innovation, providing a wide range of products and services that optimise energy usage and enhance efficiency in homes, buildings, data centres, infrastructure, and other sectors.
Other key players in the Saudi Arabia electric motors and transformers maintenance market are EXAP Contracting, Besttech Electric, Al-Khobar Electrical Est, Zahran Facilities Management, The Saudi Transformer Company Ltd., and ABB Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 GCC Electric Motors and Transformers Maintenance Market Overview
8.1 Key Industry Highlights
8.2 GCC Electric Motors and Transformers Maintenance Historical Market (2018-2023)
8.3 GCC Electric Motors and Transformers Maintenance Market Forecast (2024-2032)
8.4 GCC Electric Motors and Transformers Maintenance Market by Country
8.4.1 Saudi Arabia
8.4.2 United Arab Emirates
8.4.3 Kuwait
8.4.4 Qatar
8.4.5 Oman
8.4.6 Baharan
9 Saudi Arabia Electric Motors and Transformers Maintenance Market Analysis
9.1 Key Industry Highlights
9.2 Saudi Arabia Installed Base, 2023
9.2.1 Saudi Arabia Electric Motor Installed Base
9.2.2 Saudi Arabia Transformers Installed Base
10 Saudi Arabia Electric Motors Maintenance Market Overview
10.1 Saudi Arabia Electric Motors Maintenance Historical Market (2018-2023)
10.2 Saudi Arabia Electric Motors Maintenance Market Forecast (2024-2032)
11 Saudi Arabia Electric Motors Maintenance Market by Type
11.1 MV Electric Motors
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 HV Electric Motors
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Saudi Arabia Electric Motors Maintenance Market by Application
12.1 Oil and Gas Exploration
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Utility
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Construction
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Manufacturing
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Transportation
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Saudi Arabia Electric Motors Maintenance Market by Region
13.1 Riyadh Region
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Jeddah and Mecca Region
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Eastern Region
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Saudi Arabia Transformers Maintenance Market Overview
14.1 Saudi Arabia Transformers Maintenance Historical Market (2018-2023)
14.2 Saudi Arabia Transformers Maintenance Market Forecast (2024-2032)
15 Saudi Arabia Transformers Maintenance Market by Application
15.1 Utility
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Manufacturing/Industrial
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Commercial and Residential
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
16 Saudi Arabia Transformers Maintenance Market by Region
16.1 Riyadh Region
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 Jeddah and Mecca Region
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
16.3 Eastern Region
16.3.1 Historical Trend (2018-2023)
16.3.2 Forecast Trend (2024-2032)
16.4 Others
17 Market Dynamics
17.1 SWOT Analysis
17.1.1 Strengths
17.1.2 Weaknesses
17.1.3 Opportunities
17.1.4 Threats
17.2 Porter’s Five Forces Analysis
17.2.1 Supplier’s Power
17.2.2 Buyer’s Power
17.2.3 Threat of New Entrants
17.2.4 Degree of Rivalry
17.2.5 Threat of Substitutes
18 Price Analysis
18.1 Electric Motor Maintenance
18.2 Transformer Maintenance
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 TECO Middle East
19.2.1.1 Company Overview
19.2.1.2 Service Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Alfanar Group
19.2.2.1 Company Overview
19.2.2.2 Service Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 EXAP Contracting
19.2.3.1 Company Overview
19.2.3.2 Service Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Besttech Electric
19.2.4.1 Company Overview
19.2.4.2 Service Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Schneider Electric
19.2.5.1 Company Overview
19.2.5.2 Service Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Al-Khobar Electrical Est
19.2.6.1 Company Overview
19.2.6.2 Service Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Zahran Facilities Management
19.2.7.1 Company Overview
19.2.7.2 Service Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 The Saudi Transformer Company Ltd.
19.2.8.1 Company Overview
19.2.8.2 Service Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 ABB Ltd.
19.2.9.1 Company Overview
19.2.9.2 Service Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC Electric Motors and Transformers Maintenance Market: Key Industry Highlights, 2018 and 2032
2. Saudi Arabia Electric Motors and Transformers Maintenance Market: Key Industry Highlights, 2018 and 2032
3. Saudi Arabia Electric Motors Maintenance Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Saudi Arabia Electric Motors Maintenance Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Saudi Arabia Electric Motors Maintenance Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Saudi Arabia Electric Motors Maintenance Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Saudi Arabia Electric Motors Maintenance Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Saudi Arabia Electric Motors Maintenance Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Saudi Arabia Transformers Maintenance Historical Market: Breakup by Application (USD Billion), 2018-2023
10. Saudi Arabia Transformers Maintenance Market Forecast: Breakup by Application (USD Billion), 2024-2032
11. Saudi Arabia Transformers Maintenance Historical Market: Breakup by Region (USD Billion), 2018-2023
12. Saudi Arabia Transformers Maintenance Market Forecast: Breakup by Region (USD Billion), 2024-2032
13. Saudi Arabia Electric Motors and Transformers Maintenance Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.62 billion.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3.01 billion by 2032.
The market is driven by the commencement of large-scale infrastructural development plans and technological advancements.
The growing demand for motors and other technologies in different sectors and the stringent standards and regulations to ensure the safety of workers and the proper functioning of equipment are expected to propel the expansion of the market in the coming years.
The major regions in the market are Riyadh Region, Jeddah and Mecca Region, and Eastern Region, among others.
Utility, manufacturing/industrial, and commercial and residential are the different applications of transformer maintenance.
The key players in the market include TECO Middle East, Alfanar Group, EXAP Contracting, Besttech Electric, Schneider Electric, Al-Khobar Electrical Est, Zahran, The Saudi Transformer Company Ltd., and ABB Ltd., among others.
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