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Market Size

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 Size

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 Report Snapshots

Saudi Arabia Electric Motors and Transformers Maintenance Market Size

Saudi Arabia Electric Motors and Transformers Maintenance Market Analysis

Saudi Arabia Electric Motors and Transformers Maintenance Market Share

Saudi Arabia Electric Motors and Transformers Maintenance Companies

 

*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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