The market is dominated by foreign suppliers, as imports account for 59.2% of total market size in 2023. Investments drive market demand, with investments representing 54.7% of total demand in 2023. Saudi Arabia has the largest market size for electricity distribution and control apparatus regionally, with demand reaching USD6.2 billion in 2023. Electrical Industries Co is the largest company in Saudi Arabia, generating 4.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 12.7% of total production value in 2023. The total number of companies increases in 2023, to 273 units. The costs of the industry decrease by 4.2% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 47.4% of production value in 2023, the highest regionally. The industry’s exports share increases in 2023 to 2.1% of total production output. With production value of USD2.3 billion, Saudi Arabia accounts for 32.7% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Electricity Distribution and Control Apparatus in Saudi Arabia: ISIC 312. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electricity Distribution and Control Apparatus in Saudi Arabia: ISIC 312 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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