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Electrical Market in Saudi Arabia Growing at a CAGR of More Than 10% by 2024

New York, May 10: Market Research Engine has published a new report titled as “Electrical Market - Saudi Arabia Industry Analysis and Forecast by 2024”

The electrical market includes product to secure cables, to produce association points and low voltage product used in applications rated less than one kilovolt. The high level of construction activities in Saudi Arabia and growing consumer expenditure are projected to continue driving the Saudi Arabia electrical market. The Saudi Arabia electrical market is additionally expected to considerably gain from the rising energy demand within the Middle-east.

How Big is the Saudi Arabia Electrical Market?

The electrical market is expected to exceed more than US$ 11 Billion by 2024; Growing at a CAGR of more than 10% in the given forecast period.

Browse Full Report: https://www.marketresearchengine.com/reportdetails/electrical-market-saudi-arabia

The electrical market is segmented on the lines of its solutions, electrical solutions by product, lighting solutions by technology, lighting solutions by application, lighting control systems market by application and regional. Based on solution segmentation it covers electrical solutions and lighting solutions.

Under electrical solutions by product segmentation it covers metallic cable management systems, low voltage (LV) systems, wiring devices, lighting control systems and lightning protection systems.A metallic cable management system is further segmented into cable tray systems, cable conduit systems and raceway systems and others. Low voltage system contains LV switchgears, isolators, automatic transfer switch, LV panel boards and others. Wiring devices covers sockets & extension leads, connectors and switches. Lighting protection system covers lighting protection and earthing protection. Lighting protection system further segmented into conventional systems and non conventional systems. Earthing protection covers earthing systems, surge protection devices and others. Saudi Arabia lighting solutions by technology segmentation covers LED lighting and other lighting.

Saudi Arabia lighting solutions by applications segmentation covers solar lighting, cinema and theater, lighting, area lighting, pool lighting, tunnel lighting, street lighting, hospital lighting, flood lighting, decorative lighting and commercial lighting. Saudi Arabia lighting control systems market by application covers commercial applications and residential applications. Commercial application is further segmented into hospitality applications and other commercial application. Hospitality applications cover home automation systems, sensor automation systems and wireless automation systems. Residential application covers home automation systems, sensor automation systems and wireless automation systems. Home automation system is further segmented into villas and others.The electrical marketis geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for electrical and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2024.

3) Identifications of new market opportunities and targeted promotional plans for electrical.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for Electrical Market for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players 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.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Electrical Market has been segmented as below:

By Solutions Segment Analysis

Electrical solutions
Lighting solutions

Electrical Solutions by Product

• Metallic Cable Management Systems
Cable Tray Systems
Cable Conduit Systems
Raceway Systems
Others (Floor Ducts & Junction Boxes, etc.)

• Low Voltage (LV) Systems
LV Switchgears
Isolators
Automatic Transfer Switch (ATS)
LV Panel Boards
Others (LV Components, etc.)

• Wiring Devices
Sockets & Extension Leads
Connectors
Switches
Others (Electrical Accessories, etc.)

• Lighting Control Systems

• Lightning Protection Systems

o Lightning Protection
Conventional Systems
Non-conventional Systems (ESE)

o Earthing Protection
Earthing Systems
Surge Protection Devices
Others (UPS Systems, etc.)

Saudi Arabia Lighting Solutions by Technology

LED Lighting
Other Lighting

Saudi Arabia Lighting Solutions by Applications

Solar Lighting
Cinema and Theater Lighting
Area Lighting
Pool Lighting
Tunnel Lighting
Street Lighting
Hospital Lighting
Flood Lighting
Decorative Lighting
Commercial Lighting

Saudi Arabia Lighting Control Systems Market by Application

• Commercial Applications
o Hospitality Applications (Including GRMS)
Home Automation Systems
Sensor Automation Systems
Wireless Automation Systems

o Other Commercial Applications
Home Automation Systems
Sensor Automation Systems
Wireless Automation Systems

• Residential Applications

o Home Automation Systems
Villas
Others
o Sensor Automation Systems
o Wireless Automation Systems

Reasons to Buy this Report:

1) Obtain the most up to date information available on all electrical market in Saudi Arabia.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of electrical data.
4) Assess your competitor’s refining portfolio and its evolution.

About MarketResearchEngine.com

Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.

Media Contact

Company Name: Market Research Engine
Contact Person: John Bay
Email: john@marketresearchengine.com
Phone: +1-855-984-1862, +91-860-565-7204
Country: United States
Website: https://www.marketresearchengine.com/

Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States

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