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

Saudi Arabia Transformer Market is Segmented by Transformer Type (Power Transformer and Distribution Transformer). The report offers the market size and forecasts in revenue (USD million) for all the above segments.

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

Saudi Arabia Transformer Market Size

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Saudi Arabia Transformer Market
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.00 %
Market Concentration Medium

Major Players

Saudi Arabia Transformer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Saudi Arabia Transformer Market Analysis

The Saudi Arabia Transformer Market is expected to register a CAGR of greater than 5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently the market has now reached pre-pandemic levels.

  • Over the medium term, owing to the developments in renewable energy creating a need for upgrading the electricity grid networks is driving the transformer market growth.
  • On the other hand, challenges like high initial costs are expected to hamper the market growth in the near future.
  • Nevertheless, Innovating transformers for smart grids creates opportunities for the transformer market. In a power supply system, smart transformers can act independently to regulate voltage, monitor and manage power demand fluctuations, and provide feedback. They can also be accessed remotely by utilities.

Saudi Arabia Transformer Industry Overview

Saudi Arabia transformer market is moderately fragmented. Some of the major players (in no particular order) include Siemens AG, ABB Ltd, General Electric Company, Mitsubishi Electric Corporation, and Schneider Electric, among others

Saudi Arabia Transformer Market Leaders

  1. Siemens AG

  2. ABB Ltd

  3. General Electric Company

  4. Mitsubishi Electric Corporation

  5. Schneider Electric

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

  • In April 2022, Hitachi ABB Power Grids was awarded a contract to construct an electricity interconnection by the Saudi Electricity Company and the Egyptian Electricity Transmission Company. The interconnection will facilitate Saudi Arabia and Egypt to exchange up to 3,000 MW of power. It is the first large-scale high-voltage direct current interconnection link project in the Middle East and North Africa. The project will cover the distance of a 1,350 km route using overhead power lines and a subsea cable across the Red Sea.
  • In February 2022, in Saudi Arabia, Alfanar Construction has been awarded a USD 175 million contract to construct a 380kV substation in Baha and expand three existing substations at Umluj, Al-Wajh, and Yanbu. The project is going to involve design, engineering, materials procurement, factory inspection and testing, transport and delivery to site, installation, construction works, testing, and commissioning, as well as other associated tasks.

Saudi Arabia Transformer Market Report - Table of Contents

1. INTRODUCTION

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

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD million, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Transformer Type
    • 5.1.1 Power Transformer
    • 5.1.2 Distribution Transformer

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Siemens AG
    • 6.3.2 ABB Ltd
    • 6.3.3 General Electric Company
    • 6.3.4 Mitsubishi Electric Corporation
    • 6.3.5 Schneider Electric
    • 6.3.6 The Saudi transformers Company Ltd
    • 6.3.7 United Transformers Electric Company
    • 6.3.8 Toshiba Corporation
    • 6.3.9 Electric Industries Company
    • 6.3.10 Rawafid Systems
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Saudi Arabia Transformer Industry Segmentation

A transformer is a device that transfers electric energy from one alternating-current circuit to one or more other circuits, either by increasing (stepping up) or reducing (stepping down) the voltage. Essentially, transformers are voltage control devices used in the transmission and distribution of alternating current. Saudi Arabia transformer market is segmented by transformer type. By transformer type, the market is segmented into power transformer and distribution transformer. The report also covers the market size and forecasts for the transformer market across Saudi Arabia. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Transformer Type Power Transformer
Distribution Transformer
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Saudi Arabia Transformer Market Research FAQs

What is the current Saudi Arabia Transformer Market size?

The Saudi Arabia Transformer Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Saudi Arabia Transformer Market?

Siemens AG, ABB Ltd, General Electric Company, Mitsubishi Electric Corporation and Schneider Electric are the major companies operating in the Saudi Arabia Transformer Market.

What years does this Saudi Arabia Transformer Market cover?

The report covers the Saudi Arabia Transformer Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Transformer Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Saudi Arabia Transformer Industry Report

Statistics for the 2025 Saudi Arabia Transformer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Transformer 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.