This opportunity entails setting up a manufacturing / assembly plant for gas turbines.
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 gas turbines market is estimated at USD 1,522 million in 2017 and is expected to grow at a CAGR of 4.4%, to reach a value of USD 2,652 million by 2030.
With forecasted market growth, multiple opportunities exist to localize the gas turbines production value chain. The main focus of this opportunity is on manufacturing and assembly of gas turbines:
- Manufacturing: blade manufacturing – forging & CNC machining, compressor manufacturing, shaft manufacturing, burner manufacturing, milling & finishing, welding, chamber manufacturing, thermal barrier coating, grit blasting
- Assembly: turbine and casting assembly, compressor assembly, exhaust assembly, air inlet assembly
However, opportunities also exist in gas turbines testing which includes,
- Combustion test, dimensional testing
Sector