Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2018
Saudi Arabia: Research and Markets has announced the addition of the'Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2018' report to their offering.
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Saudi Arabia: Research and Markets has announced the addition of the’Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2018′ report to their offering.
The economic and industrial development in Saudi Arabia is encouraging growing demand for equipments used in the power sector. The increasing demand for electricity is contributing to the increasing number of power plants which in turn increases the growth for power as well as distribution transformers in the country.
The government plans to set up new power generation facilities and is investing significantly to support the industry’s growth.
The report details about the growth, prospects and opportunities in Saudi Arabia transformers market. The transformers market revenues in Saudi Arabia are expected to grow at the CAGR of 24% up to 2018. Saudi Arabian government is heavily investing in green energy and supporting the industry’s growth by encouraging the entry of private and foreign players through trade free zones.
Companies Mentioned: ABB Electrical Industries Co, Ltd., Arabian Transformer Company, East & West Factory, Saudi Federal Transformers LLC, Saudi Power Transformer Company Ltd., Saudi Transformers Company Ltd., United Transformer Electric Company.
Source: Research and Markets
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