Saudi Arabia Industrial Electrical Components Market Report | Outlook 2025-2033

Saudi Arabia Industrial Electrical Components Market Overview

Market Size in 2024: USD 479.9 Million

Market Size in 2033: USD 604.2 Million

Market Growth Rate 2025-2033: 2.59%

According to IMARC Group's latest research publication, "Saudi Arabia Industrial Electrical Components Market Report by Component (Switchgears, Transformers, Electric Motors and Starters, Monitoring and Controlling Devices, Automation (Feeder Automation and Substation Automation), LED Lighting, and Others), End User (Power Utility, Oil and Gas, Infrastructure Sector, and Others), and Region 2025-2033", Saudi Arabia industrial electrical components market size reached USD 479.9 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 604.2 Million by 2033, exhibiting a growth rate (CAGR) of 2.59% during 2025-2033.

Growth Factors in the Saudi Arabia Industrial Electrical Components Market

• Vision 2030’s Infrastructure Investments

Saudi Arabia’s Vision 2030 is pouring fuel on the industrial electrical components industry by prioritizing massive infrastructure projects. The National Industrial Development and Logistics Program (NIDLP) is driving USD 22.5 billion into projects like the Riyadh Metro, demanding advanced components like switchgear and transformers. The Public Investment Fund (PIF) supports local manufacturing, with companies like GEDAC Electric expanding production of circuit breakers and control panels. The industry’s output is valued at USD 5.7 billion, with 580 enterprises active, according to Statista. Government incentives, such as tax breaks for local producers, are boosting firms like Saudi Electric Supply Company (SESCO). This focus on infrastructure and industrial growth ensures steady demand for reliable electrical components across the Kingdom’s urban and industrial hubs.

• Shift to Renewable Energy Integration

The push for renewable energy under Vision 2030 is electrifying the demand for industrial electrical components. Saudi Arabia’s goal of 50% renewable electricity has spurred projects like the 400 MW Dumat Al Jandal wind farm, requiring specialized components like inverters and monitoring devices. The National Renewable Energy Program (NREP) supports 4,500 MW of installed renewable capacity, driving demand for smart grid components. Companies like Al-Abdulkarim Holding (AKH) Co. are supplying energy-efficient solutions for solar and wind projects. The market’s value added is USD 0.9 billion, with a 16% value-added margin, per Statista. This shift reduces oil reliance and boosts the need for advanced electrical systems, positioning the industry as a key player in Saudi’s green transition.

• Growing Industrial and Automotive Sectors

Saudi Arabia’s booming industrial and automotive sectors are sparking growth in the electrical components market. The automotive industry, with over 450,000 vehicle sales, is shifting toward electric vehicles (EVs), with the PIF’s USD 1.3 billion investment in Lucid Motors driving demand for electric motors and starters. Industrial zones like Jubail and Yanbu require robust components for manufacturing, with firms like Saudi Power Transformer Company supplying high-capacity transformers. The market supports 1,320 employees and generates USD 235.9 million in electronic component output, per Statista. Government policies promoting Industry 4.0 and automation further fuel demand for sensors and control panels, ensuring the industry keeps pace with Saudi Arabia’s ambitious industrial expansion and modernization goals.

Key Trends in the Saudi Arabia Industrial Electrical Components Market

• Adoption of Smart and IoT-Enabled Components

Smart technology and IoT are transforming Saudi Arabia’s electrical components market, enhancing efficiency in industrial systems. Companies like Siemens and Schneider Electric are deploying IoT-enabled sensors and control panels for real-time monitoring in projects like NEOM. The market’s manufacturing intensity is 0.5%, reflecting high-tech integration, per Statista. These components support smart grids, with 32% of Saudi’s grid automated, per P&S Intelligence. The Riyadh Metro’s USD 22.5 billion infrastructure relies on smart monitoring devices for energy efficiency. This trend, buzzing on X, aligns with Vision 2030’s digitalization goals, reducing downtime and boosting productivity. As industries adopt Industry 4.0, demand for connected, data-driven components is surging, reshaping manufacturing and power distribution.

• Focus on Energy-Efficient Solutions

Energy efficiency is a hot trend, driven by Saudi Arabia’s sustainability goals. The Saudi Green Initiative, aiming to cut 278 million tons of emissions, is pushing demand for eco-friendly components like LED lighting and energy-saving motors. The market’s value-added margin is 17% for electronic components, per Statista, reflecting high demand for efficient products. Companies like TIEPCO are supplying low-energy switchgear for projects like the Qurayyah Independent Power Plant. Government incentives, including subsidies for green tech, encourage adoption. This trend supports the Kingdom’s plan to integrate 58.7 GW of renewable capacity, requiring components that optimize power usage. As industries prioritize sustainability, energy-efficient solutions are becoming a cornerstone of the electrical components market.

• Local Manufacturing and Supply Chain Development

Saudi Arabia is ramping up local production of electrical components to reduce import reliance, aligning with Vision 2030’s localization goals. Companies like GEDAC Electric and SESCO are expanding facilities, with the PIF supporting new factories for transformers and connectors. The market has 580 enterprises, generating USD 9.8 million per enterprise, per Statista. Government policies offer tax exemptions and land grants, boosting firms like Saudi Power Transformer Company. This trend strengthens supply chains, especially for mega-projects like NEOM and Riyadh Metro. Posts on X highlight excitement over job creation and tech transfer. By fostering local expertise and production, Saudi Arabia is building a resilient, competitive market for industrial electrical components, driving long-term growth.

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Saudi Arabia Industrial Electrical Components Industry Segmentation:

The report has segmented the market into the following categories:

Component Insights:

• Switchgears
• Transformers
• Electric Motors and Starters
• Monitoring and Controlling Devices
• Automation (Feeder Automation and Substation Automation)
• LED Lighting
• Others

End User Insights:

• Power Utility
• Oil and Gas
• Infrastructure Sector
• Others

Regional Analysis:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Future Outlook

The Saudi Arabia industrial electrical components market is poised for robust growth, fueled by Vision 2030’s ambitious infrastructure and renewable energy goals. With USD 5.7 billion in output and 4,500 MW of renewable capacity already integrated, demand for components like switchgear and smart sensors will soar. Projects like the USD 22.5 billion Riyadh Metro and NEOM drive the need for advanced, energy-efficient solutions. Local manufacturing, led by firms like GEDAC Electric and supported by PIF investments, will reduce import dependency and create jobs. The adoption of IoT and Industry 4.0 technologies, with 32% grid automation, will enhance efficiency. As Saudi Arabia aims for 50% renewable electricity, the market will thrive, positioning the Kingdom as a regional hub for innovative, sustainable electrical components.

Research Methodology:

The report employs a comprehensive research methodology, combining primary and secondary data sources to validate findings. It includes market assessments, surveys, expert opinions, and data triangulation techniques to ensure accuracy and reliability.

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