The Saudi Arabia power transmission equipment market size reached USD 406.80 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 681.81 Million by 2033, exhibiting a growth rate (CAGR) of 5.30% during 2025-2033. At present, as investments in solar and wind energy projects are rising, the demand for upgrading and expanding the power transmission infrastructure to support variable and decentralized power generation is increasing. Besides this, the growing utilization of the Internet of Things (IoT) is contributing to the expansion of the Saudi Arabia power transmission equipment market share.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 406.80 Million |
Market Forecast in 2033 | USD 681.81 Million |
Market Growth Rate 2025-2033 | 5.30% |
Increasing adoption of renewable energy
Rising adoption of renewable energy is positively influencing the market in Saudi Arabia. With increasing investments in solar and wind energy projects, there is a growing need to upgrade and expand the power transmission infrastructure to accommodate fluctuating and decentralized power generation. In April 2025, the Saudi Electricity Company (SEC) revealed intentions to initiate work on an essential 380kV substation along with related overhead transmission line (OHTL) projects in the central area of Saudi Arabia, as part of the country's continuous endeavors to enhance its renewable energy framework. The project entailed building the Mawqaq PV 380kV Bulk Supply Point (BSP) substation to enhance future renewable energy projects nationwide. Renewable energy projects are often located in remote areas, requiring efficient and long-distance transmission systems to carry electricity to utilization centers. This is driving the demand for advanced power transmission equipment, such as transformers, switchgear, circuit breakers, and high-voltage cables. As renewable sources like solar and wind generate variable output, the grid needs to be more flexible and reliable, leading to greater adoption of advanced transmission technologies. The government’s renewable energy targets and its Vision 2030 plan are also encouraging grid modernization and the integration of digital monitoring and control systems. Additionally, private sector participation in renewable projects is catalyzing the demand for high-performance transmission solutions to ensure stable power supply and minimal losses. Renewable energy’s rapid growth is enabling utilities and developers to upgrade existing transmission networks and wager on durable and efficient equipment.
Growing utilization of IoT
Increasing use of the IoT is impelling the Saudi Arabia power transmission equipment market growth. IoT-based technologies help utilities collect data from various transmission components, such as transformers, switchgear, and circuit breakers, allowing predictive maintenance and early fault detection. This reduces downtime and extends equipment life. IoT also enhances grid automation by enabling remote control and coordination of power flows, improving overall energy optimization and system reliability. As Saudi Arabia is investing in modernizing its electricity infrastructure, IoT integration is becoming vital to support advanced grid operations and ensure smooth power delivery across long distances. With rising demand for electricity, IoT aids in managing fluctuating loads and supporting real-time grid balancing. Utilities continue to benefit from minimized operational costs, while users are experiencing improved power quality and fewer outages. The encouragement for smart grid development and energy management systems is further accelerating the adoption of IoT-oriented power transmission equipment across the country. As per industry reports, the IoT market in Saudi Arabia is set to exhibit significant growth during the forecast period (2023-2029), exhibiting a CAGR of 17.5%.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on equipment type, voltage level, and application.
Equipment Type Insights:
The report has provided a detailed breakup and analysis of the market based on the equipment type. This includes transformers, circuit breakers, transmission towers, insulators, conductors and cables, switchgear, and others.
Voltage Type Insights:
A detailed breakup and analysis of the market based on the voltage type have also been provided in the report. This includes high voltage (HV), extra high voltage (EHV), and ultra high voltage (UHV).
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes utilities, industrial, commercial, and residential.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Equipment Types Covered | Transformers, Circuit Breakers, Transmission Towers, Insulators, Conductors and Cables, Switchgear, Others |
Voltage Levels Covered | High Voltage (HV), Extra High Voltage (EHV), Ultra High Voltage (UHV) |
Applications Covered | Utilities, Industrial, Commercial, Residential |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: