Saudi Arabia Automatic Voltage Stabilizer Market Overview, 2029

Saudi Arabia Automatic Voltage Stabilizer Market Overview, 2029

The Saudi Arabian automatic voltage stabilizer (AVS) market developed due to rapid industrialization and an increase in demand for reliable electricity. With the electrical grid expanding into urban areas and the industrial sector, the need for voltage stabilization was realised. During the early 2000s, heavy investments in the infrastructure and commercial developments, all in line with Saudi Arabia's Vision 2030, spurred market growth. The vision outlines a strategy for diversifying the economy of the nation and enhancing energy efficiency. Consequently, this increased pressure for more integration of renewable energy sources for the supply of voltage, further driving the demand for AVS systems to compensate for fluctuations in their output and to ensure stable voltage supply. Government regulations play a big role in the AVS market. For instance, the Saudi Electricity Company has enacted standards for voltage stabilization equipment for the reliability and safety of the same. The Saudi Standards, Metrology, and Quality Organization further regulates electrical equipment to ensure the conformance of international quality standards. Key participants in the Saudi Arabian AVS market include Schneider Electric, a global player in the business of energy management and automation solution products. Another is Emerson Electric Co., known for its cutting-edge power quality solution products. General Electric (GE) takes a leading share in the market through the delivery of diversified ranges of AVS products for different sectors. Other leading companies include ABB and Siemens, both of which develop advanced voltage stabilization technologies. All these factors underscore the dynamic character of the Saudi Arabian AVS market, driven by technological change, a regulatory framework, and market dynamics as the country presses on with the modernization of its energy infrastructure.

According to the research report, ""Saudi Arabia Automatic Voltage Stabilizer Market Outlook, 2029,"" published by Bonafide Research, the Saudi Arabia automatic voltage stabilizer market is anticipated to add to more than USD 30 Million by 2024–29. The future of Saudi Arabia's automatic voltage stabilizer market is likely to show remarkable growth, driven by a number of current trends and developments. In a bid to diversify its economy away from dependence on oil, the ambitious Vision 2030 initiative that the nation has undertaken is witnessing wide infrastructural development and industrial expansion. This should be based on the fact that stable voltage prevents damage to sensitive equipment and sustains operational efficiency within sectors. On factors influencing AVS systems, Saudi Arabia is embarking on large scale construction projects and upgrading its facilities, thereby calling for more reliable voltage regulation. They reduce the risks of voltage fluctuations, which are harmful to electrical and electronic systems, thus protecting investments in new infrastructure and technology. Another factor that is boosting the AVS market is the effective integration of renewable sources of energy such as solar and wind power. The use of renewable energy systems result in variable power output and can create voltage instability. In view of this, the requirement for AVS systems to stabilize fluctuating power from renewable sources will become imperative in the face of Saudi Arabia investing heavily in these green technologies to realize its dreams of becoming sustainable. The trend fits perfectly into the broader drive toward cleaner energy and resilient power infrastructure. Increasing adoption of advanced technologies across every sector notably smart grids and energy-efficient systems seems reasonable impetus enough for effective voltage stabilization. Given the modern trend of businesses and industries getting more dependent on sophisticated electronic equipment, stable voltage has become a necessity for proper functioning and longevity of such equipment.

Single-phase Automatic Voltage Stabilizers dominate the market share in Saudi Arabia. This primarily happens because, in residential and small commercial uses, single-phase power supply becomes common. Raised awareness amongst the residents of Saudi Arabia about the usage of stabilizers for protecting home appliances and electronic devices from voltage fluctuation has been significantly stimulating demand for single-phase stabilizers. Added to this are the government initiatives to encourage homeownership and the emergent trend of smart homes. Due to the compact size, ease of installation, and affordability, single-phase stabilizers are preferred for home and small business electrical equipment protection. Growth in Saudi Arabia has been quite high for Three-phase Automatic Voltage Stabilizers. That growth is driven by the kingdom's booming industrial and big commercial sectors, where three-phase power supply leads. The country has given much importance to the diversification of industries, which is reflected in Saudi Vision 2030. This move really fueled the manufacturing and petrochemical industries, along with other heavy industries that are dependent on stable voltage supply to their sophisticated machines and electronic equipment. Besides, the increasing commercial infrastructure the big shopping malls, hotels, and hospitals has taken demand for three-phase stabilizers to a new level by providing safety to complex electronic systems and critical loads. Furthermore, the severe environmental conditions in Saudi Arabia are causing voltage fluctuation, which means that the industrial and commercial users have to invest in state-of-the-art voltage stabilizers.

At present, the industrial segment remains at the forefront of demand for automatic voltage stabilizers in the Saudi Arabian market. The country is host to a variety of industrial activities, especially those related to the oil and gas and petrochemical sectors, together with various manufacturing industries. These industries are thus equipped with very hi-tech machinery and electronic equipment that expect an uninterrupted, stable power supply to maintain operational efficiency, avoiding downtimes. Moreover, the Arabian environment is harsh by itself, with high temperatures being a problem, meaning voltage fluctuations are additional. In developed voltage stabilizers, there is a more likely investment by industrial users. The Saudi government's measures towards diversification of the economy and facilitation of the industrial development will support the demand for automatic voltage stabilizers in addition to the industrial sector. Companies have noted huge growth in the commercial segment. Much of this growth has been driven by a growing commercial infrastructure of shopping malls, office buildings, hotels, and hospitals within the kingdom. All these commercial premises increasingly have state-of-the-art electronic systems and automated technologies, requiring a stable voltage supply to enable their optimal functioning without damage. In addition, the developing tourist industry in Saudi Arabia and increasing numbers of retail outlets will also contribute to driving up demand for automatic voltage stabilizers in the commercial segment, a consequence of a rising population and urbanization. Government efforts aimed at improving the business environment and attracting investments also support the increase in this segment. The residential sector is another important part of the market, although it is neither dominating like the industrial sector nor growing as rapidly as the commercial sector. There is increasing awareness among home users in Saudi Arabia concerning protecting appliances and electronics in homes from voltage fluctuations, which drives the demand for automatic voltage stabilizers in the residential sector. In addition, developments in disposable income and smart homes also further stimulate demand in this segment.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automatic Voltage Stabilizer market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Single Phase Automatic Voltage Stabilizers
• Three Phase Automatic Voltage Stabilizers

By End-User
• Industrial
• Commercial
• Residential

By Applications
• Building Automation
• HVAC system
• Industrial (Other Power)
• Power Transmission and Distribution System
• Communication System
• Consumer Electronics
• Others

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automatic Voltage Stabilizer industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.