Electrical Market is expected to reach US$10.8 bn by the end of 2023 due to Increasing Demand for Energy-efficient Lighting Solutions

The electrical market includes products to secure cables, to provide connection points and low-voltage products used in applications rated under 1 KV. The high level of construction activities in Saudi Arabia and increasing consumer spending are expected to continue driving the Saudi Arabia electrical market.

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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). 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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The market estimates for the Saudi Arabia electrical market have been assessed considering different political, environmental, social, technological, economic, and legal factors. The market share of the leading players for the Saudi Arabia electrical market is estimated for the year 2014. Company profiles (CPs) of market leaders elucidate on details such as a company overview, segmentation, recent developments (product-wise & region-wise), business strategies, and financial information (revenue & gross margin) in the Saudi Arabia electrical market. Companies profiled in the report include Legrand S.A., ABB Ltd., Atkore International Holdings Ltd., Eaton Corporation, Koninklijke Philips N.V., Honeywell International, Inc., Panasonic Corporation, GE Co., Siemens AG, Schneider Electric SA, TE Connectivity Ltd., Johnson Controls, Mitsubishi Electric Corp., Emerson Electric Co., Wipro Limited, Al Fanar, Hesham El-Sewedy Ent, Hager, TECON, Lutron, Debbas, Leviton, Al-Abdulkarim Holdings Co., SESCO, Waha Electric Co., Electric House, K.S.C Limited, and Al Fozan. The report would allow electrical and lighting product manufacturers, lawmakers, large retailers, and research and development agencies to make informed decisions about electrical and lighting product manufacturing, designing, marketing, and growth strategies, and thereby gain competitive advantage in the market.

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