Saudi Arabia Electrical and electronics Market (2024-2030) | Outlook, Growth, Share, Value, Companies, Revenue, Analysis, Forecast, Trends, Industry, Size

Market Forecast By Type (Electric Motors, Primary And Storage Batteries, Generators, Semiconductors, Household Appliances), By Applications (Online, Offline) And Competitive Landscape
Product Code: ETC039800 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Electrical and electronics Market Synopsis

Saudi Arabia electrical and electronics market is projected to reach US$ 25.6 billion by 2026, with a CAGR of 6.4% during the forecast period 2020-2026. The Kingdom has seen an increase in the demand for home appliances, due to population growth, rising standards of living and increased consumer spending power. This trend is expected to continue as customers prefer more connected devices that are compatible with mobile phones or other digital technologies.

Market Drivers

Growing number of industries across automotive, aerospace, medical & healthcare sectors have been driving up demand for various electronic components like semiconductor chipsets etc., resulting into an incline in total sales figures across all product segments including consumer electronics goods such as smartphones & televisions etc. Various efforts made by the government including introduction of regulatory framework policies aimed towards encouraging investment by both domestic & international firms into this sector are likely to drive substantial growth within this space going forward. Further incentives provided on import taxes accompanied with access to low cost labor pool are additional factors providing impetus towards overall development of this domain over time.

Challenges of the Market

Despite recent developments ,issues pertaining inadequate power supply remain unaddressed and continue restricting potential outcomes from being achieved. Besides physical infrastructure issues, lack of skilled labors can be pointed out here since most job roles require higher level expertise than available resources thereby leading up deductions in total output. Further challenges posed due high operational costs might influence pricing strategy taken up by respective companies thereby impacting their bottom line margins immensely.

Covid 19 Impact on the Market

The Covid-19 pandemic has impacted the Saudi Arabia electrical and electronics market negatively in 2020 due to disruption in supply chain activities, shortages of workers at ports due to lockdown measures, reduced purchasing power in some regions and decreased consumer confidence levels globally which adversely affected sales volume across different product categories such as TVs, audio systems & accessories etcetera. However, since June/ July 2020 after gradual relaxation of restrictions on many economic activities , there was significant recovery witnessed in the sector mainly driven by government initiated stimulus packages including cash handouts, reduction in Value added tax from 5 %to 0 % etc.

key players of the Market

Some key players operating within this market include Samsung Electronics Co Ltd., LG Electronics Inc., Sony Corporation (Japan), Panasonic Corporation (Japan), ABB Group (Switzerland), Siemens AG( Germany ) along with local players like Power Tech Electric Company LLC.

Key Highlights of the Report:

  • Saudi Arabia Electrical and electronics Market Outlook
  • Market Size of Saudi Arabia Electrical and electronics Market, 2023
  • Forecast of Saudi Arabia Electrical and electronics Market, 2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Electrical and electronics Market Trend Evolution
  • Saudi Arabia Electrical and electronics Market Drivers and Challenges
  • Saudi Arabia Electrical and electronics Price Trends
  • Saudi Arabia Electrical and electronics Porter's Five Forces
  • Saudi Arabia Electrical and electronics Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Electric Motors for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Primary And Storage Batteries for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Generators for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Semiconductors for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Household Appliances for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Online for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Electrical and electronics Market Revenues & Volume By Offline for the Period 2020-2030
  • Saudi Arabia Electrical and electronics Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Applications
  • Saudi Arabia Electrical and electronics Top Companies Market Share
  • Saudi Arabia Electrical and electronics Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Electrical and electronics Company Profiles
  • Saudi Arabia Electrical and electronics Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Saudi Arabia Electrical and electronics Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Electrical and electronics Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Electrical and electronics Market - Industry Life Cycle

3.4 Saudi Arabia Electrical and electronics Market - Porter's Five Forces

3.5 Saudi Arabia Electrical and electronics Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Saudi Arabia Electrical and electronics Market Revenues & Volume Share, By Applications, 2020 & 2030F

4 Saudi Arabia Electrical and electronics Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Electrical and electronics Market Trends

6 Saudi Arabia Electrical and electronics Market, By Types

6.1 Saudi Arabia Electrical and electronics Market, By Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Electric Motors, 2020-2030F

6.1.4 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Primary And Storage Batteries, 2020-2030F

6.1.5 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Generators, 2020-2030F

6.1.6 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Semiconductors, 2020-2030F

6.1.7 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Household Appliances, 2020-2030F

6.2 Saudi Arabia Electrical and electronics Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Online, 2020-2030F

6.2.3 Saudi Arabia Electrical and electronics Market Revenues & Volume, By Offline, 2020-2030F

7 Saudi Arabia Electrical and electronics Market Import-Export Trade Statistics

7.1 Saudi Arabia Electrical and electronics Market Export to Major Countries

7.2 Saudi Arabia Electrical and electronics Market Imports from Major Countries

8 Saudi Arabia Electrical and electronics Market Key Performance Indicators

9 Saudi Arabia Electrical and electronics Market - Opportunity Assessment

9.1 Saudi Arabia Electrical and electronics Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Saudi Arabia Electrical and electronics Market Opportunity Assessment, By Applications, 2020 & 2030F

10 Saudi Arabia Electrical and electronics Market - Competitive Landscape

10.1 Saudi Arabia Electrical and electronics Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Electrical and electronics Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All