This opportunity entails setting up a manufacturing / assembly plant for the production of surge and lightning arrestors.
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 surge and lightning arrestors market is estimated at USD 67 million in 2017 and is expected to grow at a CAGR of 2.7%, to reach a value of USD 95 million by 2030.
With forecasted market growth, multiple opportunities exist to localize the surge & lightning arrestors production value chain, from raw materials and manufacturing to assembly and testing. The main focus of this opportunity is on Manufacturing and Assembly of surge and lightning arrestors:
- Manufacturing: Housings, rods, metal oxide blocks
- Assembly: Housing assembly, mounting bracket assembly
However, opportunities also exist in arrestors testing which includes,
- High voltage testing, lightning stress testing, energy discharge testing, short circuit testing
Sector