The key factors propelling the growth of the market include rising electrification rate and advantages pertaining to safety over liquid-filled transformers. Increased focus of the government to build metropolitan areas especially in the cities of Riyadh, Jeddah, Mecca and Medina and rise in the number of projects such as NEOM and Saudi Vision 2030 are driving the growth of Saudi Arabia dry transformers market. In addition, growing electricity consumption in the residential and commercial sector is expected to create demand for dry transformers during the forecast period. Implementation of smart grids and extensive government support may further increase the need for dry transformers in Saudi Arabia Growing knowledge pertaining to sustainable development among the general population may further increase the demand for energy-efficient solutions such as dry transformers.
Request Sample Report: https://www.gmiresearch.com/report/saudi-arabia-dry-transformer-market/sample-request
The dry transformer is static equipment that based on temperature insulation systems. Conventional fluid transformers depend on ecologically saddling materials like oil or heatproof fluid dielectric. “Dry” alludes to the reality the device is cooled through natural ventilation instead of utilizing oil, silicone, or fluid to cool curls and the electrical center. Dry-type transformers, also called cast resin transformers, are control transformers with windings encased in epoxy pitch and the epoxy layer ensures it against dust and corrosion. Dry transformers are used in a wide variety of applications and can be installed indoors or outdoors. Dry transformers are more cost-effective, safety features, and efficient.
Read Full Report Description: Saudi Arabia Dry Transformers Market by Voltage (Low Voltage, Medium Voltage and High Voltage), By Type (Open Wound Transformer, Vacuum Pressure Impregnated (VPI), Vacuum Pressure Encapsulated (VPE) and Cast Coil), By Phase(Single phase and Three Phase) By Application (Power Distribution and Industrial) and – Opportunities & Forecast, 2019-2026. https://www.gmiresearch.com/report/saudi-arabia-dry-transformer-market/
Based on voltage, low voltage dry transformer segment is expected to grow at a higher CAGR during the forecast period owing to the increased development within the construction sector. The upcoming mega projects, development of smart cities and increase investment by the government on the construction sector are the major factors which will help the market to grow at the substantial rate during the forecast period.
Based on application, commercial segment is expected at a higher CAGR during the forecast period owing to the increasing number of infrastructure projects in the country. For instance, Saudi Arabia invested USD 23 billion in four urban development projects in Riyadh, which include King Salman Park, Green Riyadh, Sports Boulevard, and Riyadh Art. Additionally, Saudi Arabia plans to invest USD 36 billion for transportation -infrastructure projects, which include airports, railways, ports, and roads.
Request Full Table of Content: https://www.gmiresearch.com/report/saudi-arabia-dry-transformer-market/toc
Major players of the Saudi Arabia dry transformers market are focusing on expanding their customer base across the globe by leveraging on the strategic collaboration, joint venture, and partnership to increase their market share and their profitability. Various notable players operating in the market, include Siemens AG, Schneider Electric SE, WESCOSA, Hyundai Heavy Industries Co. Ltd., The Saudi Transformers Company Ltd., Arabian Transformer Company, ABB, Eaton Corporation, Alfanar Company Ltd., General Electric Company.
Request free 25% Customization: https://www.gmiresearch.com/report/saudi-arabia-dry-transformer-market/
Key Market Developments:
Saudi Arabia Dry Transformers market has been segmented based on voltage, phase, application and technology. Based on the voltage, the market is categorized into low voltage and medium voltage. Based on the phase, the market is segmented into single-phase and three-phase. Based on application, the market is segmented into industrial, commercial and others. Based on technology, the market is segmented into cast resin and vacuum impregnated.
Key questions answered in this research report:
Saudi Arabia Dry Transformers Market by Voltage
Saudi Arabia Dry Transformers Market by Application
Saudi Arabia Dry Transformers Market by Phase
Saudi Arabia Dry Transformers Market by Technology
Saudi Arabia Dry Transformers Leading Market Players (Option : Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
About GMI Research
GMI Research is a market research & consulting firm which helps its client to address their most pressing strategic and business challenges. Our market research helps our clients to address business challenges and also helps them to make better business decisions with our fact-based insights, intelligence, and data. Our insights and intelligence equip our clients with information not known to them and aid them in solving the toughest business problems. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.
GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.
Our Customized Research (Market Intelligence and Competitive Intelligence) Offerings
Our clients rely on us for the range of our services to give them the intelligence they need to act decisively. GMI Research offers in-depth market and competitive intelligence solutions by leveraging its industry knowledge and experience to provide accurate insights with a complete picture of the market and competition. To know more about our product offering click on the below link:
Our Company Profile Solution
Company Profiles provide an insight on competitors, customers, and potential suppliers. We at GMI Research understands that the standard or on shelf company profiles provides little help when it comes to business decision making as it doesn’t cover the information required by the clients.
We have developed a range of company profiles solution to meet our client’s specific business requirements irrespective of their role and the industry they operate in. Our company profiles solutions fit into our client’s business requirements because it provides our client’s with a broader choice of profiles:
To know more about our company profile solutions: https://www.gmiresearch.com/productservices/companyprofiles.html
India Entry Strategy:
If Indian market is on your radar and you want it to be a part of your expansion strategy, you need a consulting firm that has deep roots and has a solid understanding of the market as the Indian market is complex for local companies and too complex for international companies. As there are number of factors that will influence your India entry strategy, GMI Research with its deep understanding of the market can help to formulate an India entry strategy and support you in every step from identifying the total addressable market size, valuable insights on competition, to figure out the right entry strategy whether to set up a greenfield plant or to enter via other strategies and to identifying and set up a distribution network.
Entering India by setting up a greenfield manufacturing plant has its own share of challenges such as red tape, too many regulations, confusing land laws, uncertainty in raw material supply, labor issues, and others. Market complication, along with too many regulations, requires the help of India entry strategy consultants. GMI Research with local presence and its expertise in analyzing the potential market opportunity, strategy execution, and deal structuring should be your preferred partner of choice for India entry strategy implementation:
To know more about our India Strategy solutions: https://www.gmiresearch.com/india-entry-strategy/