Press release
Electrical Market Rising Opportunities in Solar Energy & Grid Modernization
This research report provides a detailed analysis of industry drivers, restraints, and opportunities. The report also provides a comprehensive assessment of manufacturers’ strategies.
The report also covers a detailed analysis of the rules and regulations pertaining to all products covered in the report. The Saudi Arabia electrical market has been segmented by solutions into electrical solutions and lighting solutions.
Electrical solutions is expected to be the largest segment over the forecast period. The Saudi Arabia electrical solutions market has been extensively analyzed on the basis of products into metallic cable management systems, low-voltage systems, wiring devices, lighting control systems (commercial applications, residential applications), and lightning protection systems (lightning protection, earthing protection).
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Metallic cable management systems are further segmented as cable tray systems, cable conduit systems, raceway systems, others (floor ducts and junction boxes, etc.). Cable conduit systems is expected to be the largest product segment over the forecast period.
Low-voltage systems are segmented into LV switchgears, isolators, automatic transfer switch, LV panel boards, and others (LV components, etc.). Wiring devices include sockets and extension leads, connectors, switches, and others (electrical accessories, etc.).
The Saudi Arabia lighting solutions market is segmented by technology into LED lighting and other lighting. Various application segments of the Saudi Arabia lighting market include commercial lighting, decorative lighting, flood lighting, hospital lighting, street lighting, tunnel lighting, pool lighting, area lighting, cinema and theatre lighting, and solar lighting.
Street lighting is expected to be the largest and tunnel lighting is expected to be the fastest-growing application segment in the Saudi Arabia lighting market.
The market size and forecasts in terms of revenue (US$ Mn) for each of these segments have been provided for the period 2013 to 2023, considering 2013 and 2014 as the base years. The report also provides the compounded annual growth rate (CAGR) for each segment of the market for the forecast period from 2015 to 2023.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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