This opportunity entails setting up an assembly plant for steam condensers & heat exchangers.
KSA has massive plans to increase transmission capacity, amounting to ~69,000 Ckt km of high voltage lines and ~250,000 MVA of high voltage substations (cumulative 2017 – 2030). Similarly, planned additional distribution capacity to amount to ~69,000 Ckt km for high voltage lines and ~219,000 MVA for high voltage substations (cumulative 2017 – 2030).
Beyond KSA, major regional capacity additions are planned to service the double-fold regional demand growth. Plans to increase regional transmission capacity beyond KSA amount to ~259,000 Ckt km of high voltage lines and ~775,000 MVA of high voltage substations (cumulative 2017 – 2030). Similarly, planned additional distribution capacity to amount to ~1.9 million Ckt km for high voltage lines and ~819,000 MVA for high voltage substations (cumulative 2017 – 2030).
The KSA steam condenser and heat exchangers market is estimated at USD 212 million in 2017 and is expected to grow at a CAGR of 3%, to reach a value of USD 324 million by 2030.
With forecasted market growth, multiple opportunities exist to localize the steam condensers and heat exchangers production value chain. The main focus of this opportunity is on assembly of steam condensers and heat exchangers:
- Assembly: coil & fin assembly, curve bend tube assembly, manifold assembly, air handler assembly, final assembly
However, opportunities also exist in steam condenser and heat exchanger manufacturing and testing,
- Manufacturing: coil bending process, sheet metal stamping, sheet metal bending, aluminum sheet cutting process, sluminum sheet drilling hole process, expander machine process, gas flux process, air cleaning
- Testing: dimension inspection, run testing, leak detection test
Sector