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Saudi Arabia Transformers Market report

2/11/2016

 United Kingdom, London: A new report "Saudi Arabia Power & Distribution Transformers Market Forecast & Opportunities, 2020" is now available.

According to the report, the power and distribution transformers market in Saudi Arabia is projected to exceed $720 million by 2020, reports Sys-Con Media.

On account of rapid industrialisation, surging power demand and increasing foreign investments in the Kingdom's power sector, the demand for power as well as distribution transformers in Saudi Arabia is forecast to grow during 2015 - 2020.

The transformer companies operating in the country include ABB Electrical Industries Co. Ltd., Saudi Transformers Company Ltd., WESCOSA and Saudi Power Transformer Company Ltd, among others.

Source: Sys-Con Media