PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1658690
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1658690
GCC Industrial Electrical Component Market, By Product Type; By Sales Channel; By Application; By End User; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
GCC Industrial Electrical Component Market to Reach USD 2.6 Billion by 2031
GCC Industrial Electrical Component Market is booming primarily due to rapid industrial growth, extensive infrastructure development, increasing investments in power generation, and a strong focus on renewable energy integration.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated GCC Industrial Electrical Component Market size by value at USD 1.7 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects GCC Industrial Electrical Component Market size to boom at a robust CAGR of 6.20% reaching a value of USD 2.6 billion by 2031. GCC Industrial Electrical Component Market is driven by rapid industrialization and infrastructure development, particularly in sectors like construction, oil & gas, and manufacturing. The region's focus on diversifying economies and adopting advanced technologies supports demand for electrical components. Renewable energy initiatives, such as solar and wind projects, further boost the market. Government policies encouraging smart grids and energy-efficient systems drive investment in modern electrical components. Additionally, the growing trend of automation, coupled with the expansion of industrial and residential sectors, fuels market growth. Rising demand for reliable power supply and electrification in remote areas also contributes to market expansion.
Opportunity - Development of Smart Cities and Digital Infrastructure Projects
The ongoing development of smart cities and large-scale digital infrastructure projects across GCC countries is a significant growth driver for the industrial electrical component market. Initiatives such as Saudi Arabia's NEOM, the UAE's Smart Dubai, and Qatar's Smart Nation are spurring demand for advanced electrical components required for energy-efficient systems, smart grids, and IoT-enabled devices. These projects emphasize automation, renewable energy integration, and intelligent power management, creating opportunities for manufacturers of electrical components. Additionally, government investments in infrastructure modernization and sustainability align with global trends, further boosting the adoption of high-performance electrical solutions in the region.
OEMs Hold Larger Share of GCC Industrial Electrical Component Market
The OEMs (Original Equipment Manufacturers) segment holds a larger share of GCC Industrial Electrical Component Market, due to an increasing demand for advanced electrical components in industrial equipment and machinery, particularly in the manufacturing, construction, and energy sectors. The OEMs segment benefits from robust investments in industrial infrastructure projects and the preference for high quality, custom-built components tailored to specific operational requirements.
Impact of Escalating Geopolitical Tensions on GCC Industrial Electrical Component Market
Escalating geopolitical tensions could disrupt supply chains, increase raw material costs, and cause delay in project timelines. Consequently, it could affect the growth of Industrial Electrical Component Market in Gulf Cooperation Council (GCC) region. Trade restrictions and border closures hinder cross-border operations, while heightened security concerns elevate operational risks. Additionally, fluctuating energy prices and currency volatility due to instability further challenge market growth, prompting manufacturers to focus on local sourcing and diversification to mitigate risks.
Competitive Landscape
GCC Industrial Electrical Component Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Saudi Power Transformer Company, GEDAC Electric Company, TIEPCO, Electrical Industries Company (EIC), National Electrical Industries, Bahwan Engineering Group, Prime Electrical Manufacturing, AMETECH, Ascon, and Blitz Bahrain. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in GCC Industrial Electrical Component Market.
The report's in-depth analysis provides information about growth potential and upcoming trends in GCC Industrial Electrical Component Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Industrial Electrical Component Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. GCC Industrial Electrical Component Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Rapid industrialization and economic diversification initiatives in GCC countries
- 3.1.2.2. Increasing investments in infrastructure and construction projects
- 3.1.2.3. Rising demand for energy-efficient electrical components
- 3.1.3. Restraints
- 3.1.3.1. High initial costs associated with advanced industrial electrical component
- 3.1.3.2. Fluctuations in raw material prices impacting production costs
- 3.1.4. Opportunities
- 3.1.4.1. Development of smart cities and digital infrastructure projects.
- 3.1.4.2. Increasing focus on energy conservation and green technologies.
- 3.1.5. Challenges
- 3.1.5.1. Skilled labor shortages for installation and maintenance of advanced systems.
- 3.1.5.2. Economic dependency on oil prices affects industrial investment cycles.
- 3.2. Technological Advancement/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
4. GCC Industrial Electrical Component Market: Marketing Strategies
5. GCC Industrial Electrical Component Market: Pricing Analysis
6. GCC Industrial Electrical Component Market Overview
- 6.1. Market Application & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Transformers
- 6.2.1.2. Switchgear
- 6.2.1.3. Circuit Breakers
- 6.2.1.4. Relay
- 6.2.1.5. Contactors
- 6.2.1.6. Others
- 6.2.2. By Sales Channel
- 6.2.2.1. OEM
- 6.2.2.2. Aftermarket
- 6.2.3. By Application
- 6.2.3.1. Power Generation
- 6.2.3.2. Manufacturing
- 6.2.3.3. Oil and Gas
- 6.2.3.4. Construction
- 6.2.3.5. Water and Wastewater Management
- 6.2.3.6. Others
- 6.2.4. By End User
- 6.2.4.1. Energy and Power
- 6.2.4.2. Automotive
- 6.2.4.3. Aerospace
- 6.2.4.4. Telecommunications
- 6.2.4.5. Consumer Electronics
- 6.2.4.6. Others
- 6.2.5. By Country
- 6.2.5.1. Saudi Arabia
- 6.2.5.2. UAE
- 6.2.5.3. Qatar
- 6.2.5.4. Bahrain
- 6.2.5.5. Kuwait
- 6.2.5.6. Oman
- 6.2.1. By Product Type
7. Saudi Arabia Industrial Electrical Component Market
- 7.1. Market Application & Forecast, 2019-2031
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Sales Channel
- 7.2.3. By Application
- 7.2.4. By End User
- 7.2.5. By Industry Vertical
8. UAE Industrial Electrical Component Market
- 8.1. Market Application & Forecast, 2019-2031
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Sales Channel
- 8.2.3. By Application
- 8.2.4. By End User
- 8.2.5. By Industry Vertical
9. Qatar Industrial Electrical Component Market
- 9.1. Market Application & Forecast, 2019-2031
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Sales Channel
- 9.2.3. By Application
- 9.2.4. By End User
- 9.2.5. By Industry Vertical
10. Bahrain Industrial Electrical Component Market
- 10.1. Market Application & Forecast, 2019-2031
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Sales Channel
- 10.2.3. By Application
- 10.2.4. By End User
- 10.2.5. By Industry Vertical
11. Kuwait Industrial Electrical Component Market
- 11.1. Market Application & Forecast, 2019-2031
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Product Type
- 11.2.2. By Sales Channel
- 11.2.3. By Application
- 11.2.4. By End User
- 11.2.5. By Industry Vertical
12. Oman Industrial Electrical Component Market
- 12.1. Market Application & Forecast, 2019-2031
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Product Type
- 12.2.2. By Sales Channel
- 12.2.3. By Application
- 12.2.4. By End User
- 12.2.5. By Industry Vertical
13. Competitive Landscape
- 13.1. List of Key Players and Their Product Types
- 13.2. GCC Industrial Electrical Component Company Market Share Analysis, 2024
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
14. Impact of Geopolitical Tensions on GCC Industrial Electrical Component Market
15. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 15.1. Saudi Power Transformer Company
- 15.2. GEDAC Electric Company
- 15.3. TIEPCO
- 15.4. Electrical Industries Company (EIC)
- 15.5. National Electrical Industries
- 15.6. Bahwan Engineering Group
- 15.7. Prime Electrical Manufacturing
- 15.8. AMETECH
- 15.9. Ascon
- 15.10. Blitz Bahrain
- 15.11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Country
- 17.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 GCC Industrial Electrical Component Segmentation
- Figure 2 GCC Industrial Electrical Component Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 GCC Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 5 GCC Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 6 GCC Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 7 GCC Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 8 GCC Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 9 GCC Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Figure 10 GCC Industrial Electrical Component Market Share, By Country, By Value (USD Million), 2019-2031
- Figure 11 Saudi Arabia Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 12 Saudi Arabia Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 13 Saudi Arabia Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 14 Saudi Arabia Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 15 Saudi Arabia Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 16 Saudi Arabia Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Figure 17 UAE Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 18 UAE Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 19 UAE Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 20 UAE Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 21 UAE Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 22 UAE Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Figure 23 Qatar Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 24 Qatar Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 25 Qatar Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 26 Qatar Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 27 Qatar Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 28 Qatar Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Figure 29 Bahrain Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 30 Bahrain Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 31 Bahrain Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 32 Bahrain Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 33 Bahrain Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 34 Bahrain Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Figure 35 Kuwait Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 36 Kuwait Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 37 Kuwait Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 38 Kuwait Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 39 Kuwait Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 40 Kuwait Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Figure 41 Oman Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Figure 42 Oman Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Figure 43 Oman Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Figure 44 Oman Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Figure 45 Oman Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Figure 46 Oman Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
List of Tables
- Table 1 GCC Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 2 GCC Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 3 GCC Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 4 GCC Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 5 GCC Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 6 GCC Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 7 GCC Industrial Electrical Component Market Share, By Country, By Value (USD Million), 2019-2031
- Table 8 Saudi Arabia Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 9 Saudi Arabia Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 10 Saudi Arabia Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 11 Saudi Arabia Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 12 Saudi Arabia Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 13 Saudi Arabia Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 14 UAE Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 15 UAE Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 16 UAE Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 17 UAE Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 18 UAE Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 19 UAE Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 20 Qatar Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 21 Qatar Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 22 Qatar Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 23 Qatar Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 24 Qatar Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 25 Qatar Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 26 Bahrain Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 27 Bahrain Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 28 Bahrain Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 29 Bahrain Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 30 Bahrain Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 31 Bahrain Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 32 Kuwait Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 33 Kuwait Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 34 Kuwait Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 35 Kuwait Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 36 Kuwait Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 37 Kuwait Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 38 Oman Industrial Electrical Component Market Application, By Value (USD Million), 2019-2031
- Table 39 Oman Industrial Electrical Component Market Share, By Product Type, By Value (USD Million), 2019-2031
- Table 40 Oman Industrial Electrical Component Market Share, By Sales Channel, By Value (USD Million), 2019-2031
- Table 41 Oman Industrial Electrical Component Market Share, By Application, By Value (USD Million), 2019-2031
- Table 42 Oman Industrial Electrical Component Market Share, By End User, By Value (USD Million), 2019-2031
- Table 43 Oman Industrial Electrical Component Market Share, By Industry Vertical, By Value (USD Million), 2019-2031
- Table 44 Saudi Power Transformer Company: Company Overview
- Table 45 Saudi Power Transformer Company Financial Overview
- Table 46 GEDAC Electric Company: Company Overview
- Table 47 GEDAC Electric Company Financial Overview
- Table 48 TIEPCO Company Overview
- Table 49 TIEPCO Financial Overview
- Table 50 Electrical Industries Company (EIC) Company Overview
- Table 51 Electrical Industries Company (EIC) Financial Overview
- Table 52 National Electrical Industries Company Overview
- Table 53 National Electrical Industries Financial Overview
- Table 54 Bahwan Engineering Group Company Overview
- Table 55 Bahwan Engineering Group Financial Overview
- Table 56 Prime Electrical Manufacturing Company Overview
- Table 57 Prime Electrical Manufacturing Financial Overview
- Table 58 AMETECH Company Overview
- Table 59 AMETECH Financial Overview
- Table 60 Ascon Company Overview
- Table 61 Ascon Financial Overview
- Table 62 Blitz Bahrain Company Overview
- Table 63 Blitz Bahrain Financial Overview
