Saudi Arabia Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Saudi Arabia Switchgear Market is Segmented by Voltage (Low-Voltage, Medium-Voltage, High Voltage), Insulation (Gas-Insulated Switchgear, Air-Insulated Switchgear), and End-User Industry (Commercial, Residential, and Industrial). The report offers the market size and forecasts for the switchgear market in terms of revenue (USD) for all the above segments.

Saudi Arabia Switchgear Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Saudi Arabia Switchgear Market Size

Saudi Arabia Switchgear Market  Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 3.22 Billion
Market Size (2030) USD 4.26 Billion
CAGR (2025 - 2030) 5.80 %
Market Concentration Medium

Major Players

Saudi Arabia Switchgear Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Switchgear Market Analysis

The Saudi Arabia Switchgear Market size is estimated at USD 3.22 billion in 2025, and is expected to reach USD 4.26 billion by 2030, at a CAGR of 5.8% during the forecast period (2025-2030).

  • Over the short term, the switchgear market will likely witness a boom due to the growing power demand in the commercial and industrial sectors, causing new power generation, transmission, and distribution projects to be tabled.
  • However, SF6 gas used in insulating switchgear is a potent greenhouse gas with a global warming potential that may restrain the market.
  • Nevertheless, the government of the Kingdom of Saudi Arabia is putting strenuous efforts into reducing their dependency on thermal energy sources (oil and natural gas) and increasing the renewables share in the power generation mix. They have set a target of 50% renewable power generation by 2030. The new power generation projects place ample opportunities for the switchgear market in the country.

Saudi Arabia Switchgear Industry Overview

The Saudi Arabia Switchgear Market is moderately consolidated. Some of the key players (in no particular order) include TIEPCO, ABB Ltd., Hitachi Energy Ltd, Siemens AG, and Eaton Corporation Plc., among others.

Saudi Arabia Switchgear Market Leaders

  1. ABB Ltd.

  2. TIEPCO

  3. Siemens AG

  4. Eaton Corporation Plc.

  5. Hitachi Energy Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Saudi Arabia Switchgear Market.png
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Saudi Arabia Switchgear Market News

  • March 2023: Larsen & Toubro (L&T) announced that one of its key subsidiaries secured an order to build a 380kV substation in Saudi Arabia and the associated transmission interconnections. By implementing this order, Saudi Arabia's National Renewable Energy Programme seeks to increase the share of renewable energy generation in its energy mix.
  • April 2022: Saudi Electricity Company (SEC) awarded Gas Insulated Switchgear (GIS) contracts to Hitachi Energy. The agreement includes designing, supplying, supervising, installing, testing, and commissioning 380kV and 132kV of gas-insulated switchgear for various substations like Afif BSP, Al Baha BSP, and Uwaiqilah BSP.

Saudi Arabia Switchgear Market Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Growing Power Demand from the Commercial and Industrial Sectors
    • 4.5.2 Restraints
    • 4.5.2.1 Stringent Environmental and Safety Regulations
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Voltage
    • 5.1.1 Low Voltage
    • 5.1.2 Medium Voltage
    • 5.1.3 High Voltage
  • 5.2 Insulation
    • 5.2.1 Gas-Insulated Switchgear
    • 5.2.2 Air-Insulated Switchgear
  • 5.3 End-User Industry
    • 5.3.1 Residential
    • 5.3.2 Commercial
    • 5.3.3 Industrial

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 ABB Ltd.
    • 6.4.2 TIEPCO
    • 6.4.3 Siemens AG
    • 6.4.4 Eaton Corporation Plc.
    • 6.4.5 Hitachi Energy Ltd.
    • 6.4.6 BMC Manufacturing
    • 6.4.7 META Switchgear Co.
    • 6.4.8 Havells Group
    • 6.4.9 Schneider Electric SE
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 New Power Generation Projects
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Saudi Arabia Switchgear Industry Segmentation

Switchgear is a piece of equipment that is used to protect circuits from fault currents and control the way power is sent to larger areas. Voltage, insulation, and end-user are the key market segments for switchgear in Saudi Arabia. The Saudi Arabia Switchgear Market is segmented by Voltage (Low-Voltage, Medium-Voltage, High Voltage), Insulation (Gas-Insulated Switchgear, Air-Insulated Switchgear), and End-User Industry (Commercial, Residential, and Industrial). The report offers the market size and forecasts for the switchgear market in terms of revenue (USD) for all the above segments.

Voltage Low Voltage
Medium Voltage
High Voltage
Insulation Gas-Insulated Switchgear
Air-Insulated Switchgear
End-User Industry Residential
Commercial
Industrial
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Saudi Arabia Switchgear Market Market Research Faqs

How big is the Saudi Arabia Switchgear Market?

The Saudi Arabia Switchgear Market size is expected to reach USD 3.22 billion in 2025 and grow at a CAGR of 5.80% to reach USD 4.26 billion by 2030.

What is the current Saudi Arabia Switchgear Market size?

In 2025, the Saudi Arabia Switchgear Market size is expected to reach USD 3.22 billion.

Who are the key players in Saudi Arabia Switchgear Market?

ABB Ltd., TIEPCO, Siemens AG, Eaton Corporation Plc. and Hitachi Energy Ltd. are the major companies operating in the Saudi Arabia Switchgear Market.

What years does this Saudi Arabia Switchgear Market cover, and what was the market size in 2024?

In 2024, the Saudi Arabia Switchgear Market size was estimated at USD 3.03 billion. The report covers the Saudi Arabia Switchgear Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Switchgear Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Saudi Arabia Switchgear Market Industry Report

Statistics for the 2025 Saudi Arabia Switchgear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Switchgear analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.