Saudi Arabia Circuit Breaker Market Report 2023 Bharat Book Bureau Provides the Trending Market Research Report on “Saudi Arabia Circuit Breaker Market� under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Increasing dependency on non-oil revenues is one of the main objectives of the current Saudi Arabian government. As per this objective, initiatives are underway to develop the country's social infrastructure including education, hospitals, offices and retail spaces along with construction of a plethora of transportation projects. Stimulus package worth $19 billion dollars has been announced by the government in an attempt to strengthen the country's private sector. As the economy of Saudi Arabia continues to strengthen, the demand for electrical devices such as circuit breakers is expected to witness substantial growth during the forecast period. However, as a result of the subdued government spending after 2014, crude oil price crash can still be felt as many projects went on hold or were shelved in 2017, thereby putting an upper limit on the growth of the circuit breaker market. Saudi Arabia Circuit Breaker Market is projected to reach $2.2 billion by 2024. According to the Saudi Vision 2030 initiative, the government plans on reducing the country's dependence on oil-sector revenues and focus on developing and strengthening its non-oil economy. The circuit breaker market is dominated by the low voltage segment in revenue terms. In the high voltage category, gas insulated circuit breakers hold majority of the revenue share. Eastern region of Saudi Arabia held the largest market share in terms of revenue in 2017. The power utilities segment held the largest revenue share in the overall circuit breaker market in 2017. Further, the residential segment is expected to catch up with the power utilities segment in the future in revenue terms owing to the large number of upcoming real estate projects in the country. Request a free sample copy Circuit Breaker of Market Report @ https://www.bharatbook.com/MarketReports/Sample/Reports/99613 4 The report comprehensively covers the Saudi Arabia Circuit Breaker
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