With production value of USD237 million, Saudi Arabia accounts for 5.2% of the Middle East and North Africa total in 2023. The industry’s exports share increases in 2023 to 13.2% of total production output. The industry’s profitability decreases and stands at 32.3% of production value in 2023, the highest regionally. The costs of the industry decrease by 4.2% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is concentrated, with the top five companies generating 80.2% of total production value in 2023. Electrical Industries Co is the largest company in Saudi Arabia, generating 54.6% of the industry’s total production value in 2023. Saudi Arabia has the largest market size for electric motors, generators and transformers regionally, with demand reaching USD2.3 billion in 2023. Investments drive market demand, with investments representing 52.6% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 87.8% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in Saudi Arabia: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in Saudi Arabia: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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