The Saudi Arabia Medium Voltage Substation market is anticipated to grow at a steady pace in the forcast period 2024-2028 & expected to growing at a high CAGR in the upcoming period.
The need for upgrading and expanding the country's electrical transmission network, as well as the consistent demand from the construction and infrastructure sectors. The "Saudi Vision 2030" and large-scale projects like Al Widyan, Aseer Development Project and Jeddah Central Projects, contribute to the market's significant growth in the years that followed. These projects also increased demand for medium voltage substations in the Saudi Arabian region, particularly in the Eastern, Central, Northern, Northwest, Midwest, and Southwest.
Market Players
Major market players in the Saudi Arabia Medium Voltage Substation Market are ABB Ltd., Hyosung Corporation, Alstom SA, Hitachi Ltd., Siemens AG, CG Power & Industrial Ltd., General Electric, Mitsubishi Electric Corporation, Schneider Electric SE, and Toshiba International Corporation.
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