Saudi Arabia Electric Motors and Transformers Maintenance Market Report and Forecast 2024-2032

Saudi Arabia Electric Motors and Transformers Maintenance Market Outlook

The Saudi Arabia electric motors and transformers maintenance market size reached approximately USD 1.62 billion in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032, reaching a value of around USD 3.01 billion by 2032.

Key Trends in the Market

Electric motors and transformers constitute pivotal elements used in diverse industrial, commercial, and residential sectors. Ensuring their sustained and efficient performance throughout their operational life cycle necessitates diligent maintenance practices. These encompass meticulous procedures, including visual assessments, precise lubrication, comprehensive dissolved gas analysis, and thorough inspection of the cooling system, among others.

• One of the primary factors supporting the Saudi Arabia electric motors and transformers maintenance market expansion is the country's ambitious industrialisation and infrastructure development initiatives. With Vision 2030 as a guiding force, Saudi Arabia aims to diversify its economy and reduce its reliance on oil. This has led to a surge in investments in sectors like manufacturing, petrochemicals, and renewable energy, all of which heavily depend on electric motors and transformers.

• The Saudi Arabia electric motors and transformers maintenance market growth is expected to surge in the coming years owing to technological advancements. Predictive maintenance solutions, supported by the Internet of Things (IoT) and advanced sensors, are gaining traction to allow for real-time monitoring of key performance indicators, enabling maintenance teams to anticipate and address potential issues.

• The country’s regulatory environment plays a pivotal role in propelling the Saudi Arabia electric motors and transformers maintenance market demand. Government bodies have implemented stringent standards and regulations to ensure the safety, reliability, and efficiency of electrical equipment.

Saudi Arabia Electric Motors and Transformers Maintenance Market Analysis

The market is analysed on the basis of electric motor maintenance and transformers maintenance. The report further analyses the Saudi Arabia electric motor maintenance market based on type, application, and region.

Based on type, the market can be segmented into MV electric motors and HV electric motors. The market, based on application, is divided into oil and gas exploration, utility, construction, manufacturing, and transportation, among others.

Moreover, the report analyses the Saudi Arabia transformers maintenance market based on application and regions. The various applications of transformer maintenance are utility, manufacturing/industrial, and commercial and residential.

The major regional markets for electric motors and transformer maintenance in Saudi Arabia are Riyadh Region, Jeddah and Mecca Region, and Eastern Region, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia electric motors and transformers maintenance market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• TECO Middle East

• Alfanar Group

• EXAP Contracting

• Besttech Electric

• Schneider Electric

• Al-Khobar Electrical Est

• Zahran Facilities Management

• The Saudi Transformer Company Ltd.

• ABB Ltd.

• Others

Market Share by Type

The market for electric motor maintenance is expected to account for a considerable portion of the Saudi Arabia electric motors and transformers maintenance market share in the forecast period.  MV electric motors are expected to play a crucial role in aiding the market. MV electric motors power a wide range of industrial machinery, including pumps, compressors, conveyors, and crushers. They are commonly used in sectors like manufacturing, petrochemicals, and mining.

Furthermore, MV motors are indispensable in the oil and gas sector as they are required to power drilling equipment, pumps for extraction and transportation, as well as various processing units. The wide applications of the motor in important tasks are propelling the need for regular maintenance to ensure that these motors operate efficiently and safely.

Market Share by Application

As per the Saudi Arabia electric motors and transformers maintenance market analysis, the demand for electric motors maintenance is expected to rise in the coming years due to the robust growth of the construction sector. As the country undergoes rapid urbanisation and industrialisation, there is an unprecedented demand for electrical infrastructure. This includes the installation of electric motors and transformers in various construction projects, ranging from commercial and residential buildings to large-scale industrial facilities.

To ensure the longevity and reliable performance of these critical components, regular maintenance is essential. This creates a steady and growing need for professional maintenance services, including inspections, testing, and repairs.

Competitive Landscape

TECO Middle East is a prominent player in the electrical sector, known for its expertise in electric motors and drive solutions. With a strong presence in the Middle East region, TECO has established itself as a reliable provider of high-quality and innovative products and services. The company’s offerings cater to diverse sectors, including industrial, commercial, and residential applications, contributing to the efficiency and reliability of electrical systems.

Alfanar Group is a prominent Saudi Arabian conglomerate known for its diversified portfolio of businesses spanning various fields. Established in 1976, the company has steadily grown into a global player with a presence in over 35 countries. Alfanar operates in sectors like electrical, construction, manufacturing, and renewable energy.

Schneider Electric is a global leader in energy management and automation solutions, operating in over 100 countries. With a legacy spanning more than a century, the company is at the forefront of innovation, providing a wide range of products and services that optimise energy usage and enhance efficiency in homes, buildings, data centres, infrastructure, and other sectors.

Other key players in the Saudi Arabia electric motors and transformers maintenance market are EXAP Contracting, Besttech Electric, Al-Khobar Electrical Est, Zahran Facilities Management, The Saudi Transformer Company Ltd., and ABB Ltd., among others.

Key Highlights of the Report

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Saudi Arabia Electric Motors and Transformers Maintenance Market Report Snapshots

Saudi Arabia Electric Motors and Transformers Maintenance Market Size

Saudi Arabia Electric Motors and Transformers Maintenance Market Analysis

Saudi Arabia Electric Motors and Transformers Maintenance Market Share

Saudi Arabia Electric Motors and Transformers Maintenance Companies