Electrical Sector
Investment Opportunities
Saudi Aramco: Public
DisclaimerThis presentation may contain certain forward-looking statements with respect to Saudi Aramco’s (the “Company”) financial position, results of
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• (1) oil and gas supply, demand and price fluctuations; (2) global economic market conditions; (3) competition in the industries in which the Company operates; (4) conditions affecting the transportation of products; (5) operational risk and hazards common in the oil and gas, refining and petrochemicals industries; (6) the cyclical nature of the oil and gas, refining and petrochemicals industries; (7) weather conditions; (8) political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; (9) managing the Company’s growth; (10) risks in connection with projects under development and recent and future acquisitions and joint ventures, including with respect to SABIC; (11) managing the Company’s subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; (12) the Company’s exposure to interest rate risk and foreign exchange risk; (13) risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which the Company operates; and (14) international trade litigation, disputes or agreements.
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Saudi Aramco: Public
Agenda – Electrical Sector Investment Opportunities
No. Title of the Investment Opportunity Presenter
1 Instrument Transformers Khaled AlGhadhban
2 Diesel Generators Odai Alhubail
3 Vacuum Circuit Breakers Muhrah Alrumaihi
4 Power Transformers Alhanoof Alshammary
5 Motors Hassan AlHarbi
6 High Voltage Gas Insulated Switchgear Badr Attiyah
7 Medium Voltage Gas Insulated Switchgear Ahmad Alshibli
8 Cutout Fuse Ramadhan AlZahrani
9 OHL Conductors Ramadhan AlZahrani
10 Surge Arrestors Hussain AlKhabaz
11 Suspension and Post Insulators Hussain AlKhabaz
12 Industrial Batteries Noora AlGhamdi
Instrument Transformers (CT – VT)
Saudi Aramco: Public
The opportunity
1. Current KSA demand for CT-VT
was estimated 93 Millions USD
in 2019.
2. Estimated growth at Forecasted
~3% annually. GCC market
is estimated to reach 183
Millions USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Instrument Transformers (CT-VT) represents an attractive localizationopportunity given the current supply gap and expected demand growth
Establish a state-of-the-art
manufacturing unit of
Current and Voltage
Transformers (CT-VT) to
serve the KSA and GCC
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Instrument Transformer types
• A step-down transformer which steps down the current to a known ratio
• Primary consists of one or more turns of thick wire connected in series with the line while the secondary consists of a large number of turns of fine wire
Current transformers Voltage transformers
• A step down transformer which steps down the voltage to a known ratio
• Primary consists of a large number of turns of fine wire connected parallel to the line while the secondary winding consists of a few turns
Instrument Transformers are step-down transformers and consist of two primary types: Current and Voltage transformers
Saudi Aramco: Public
Enclosure
Instrument Transformers and its components manufacturing represents localization opportunities within Saudi Arabia
Primary and
secondary
windings
Components, materials and manufacturing
VT component
Magnetic core
2
2
3
1
4
5
Terminal
Base plate
Casing
2
1
4
5
6
3
Enclosure
Secondary
windings
CT Component
2
Magnetic core
1
3
Casing4
Saudi Aramco: Public
Instrument Transformers manufacturing demand in KSA has been growing and was estimated to be 93 Million USD in 2019
Instrument Transformers demand is driven by all Power Systems Applications
20172016
9087
2018 2019
+3%
93
82 84
2015
Instrument Transformers
Currently, most of KSA
demand for Instrument
Transformers is imported
The current market for
Instrument Transformers in KSA
is estimated at 93 Million
USD in 2019
KSA historical demand for Instrument Transformers (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market demand for Instrument Transformers (Million USD)
Instrument Transformers demand is expected to rise 3% annually and reach 111 Million USD by 2025
The demand for Instrument Transformers in KSA is expected to reach 111 Million USD by 2025
3%
2020
95101
2023
107
2025
111
2024
104
20222021
98
Instrument Transformers
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
The demand for Instrument Transformers in the GCC is expected to reach 183 Millions USD by 2025
95 98 101 104 107 111
62 64 66 68 70 72
162 167 172
2021
157177
2020 2022 20242023
183
3%
2025
Saudi Arabia
Rest of GCC
GCC expected market demand for Instrument Transformers (Millions USD)
Instrument Transformers demand for GCC will support demand growth
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a Current and
Voltage Transformers
design and R&D center
to develop designs for
KSA requirements.
• Establish a factory to
manufacture Current and
Voltage Transformers.
• Small and Medium Enterprises (SME) can provide:
a. Enclosure.
b. Windings.
c. Magnetic core.
d. Base plate.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Current and Voltage Transformers.
Potential investment opportunities related to Instrument Transformers
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Diesel Generators
Saudi Aramco: Public
Establish a state-of-the-art
manufacturing unit of Diesel
Generators to serve the KSA
and GCC.
1. Current KSA demand Diesel
Generators was estimated 196
Millions USD in 2019.
2. Estimated growth was
forecasted at ~5% annually.
GCC market is estimated to
reach 432 Millions USD by
2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Diesel Generators represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Key Diesel Generator Technical Specification
Engineering Standard
SAES-P-113
“Motors and Generators”
Diesel Generator Sets
17-SAMSS-518
Diesel Generator set are used by utility companies, power plants and industrial plants
Saudi Aramco: Public
Alternator ComponentsEngine Components
Diesel Generators and its components manufacturing represents localization opportunities within Saudi Arabia
Saudi Aramco: Public
There are a lot of opportunities for SME to manufacture components for Diesel Generators
Components of Diesel Generators
Saudi Aramco: Public
Diesel Generators demand in KSA has been growing and was estimated at 196 Millions USD in 2019
Diesel Generators demand is driven by power plants, industrial plants and utilities projects in the region
20172016
186176
2018 2019
+5%
196
159168
2015
Diesel Generators
Currently, most of KSA
demand of Diesel Generators
is imported
The current market for Diesel
Generators for KSA was
estimated at 196 Millions
USD in 2019.
KSA historical demand for Diesel Generators (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Diesel Generators (Millions USD)
Diesel Generators demand is expected to rise 5% annually and reach 262 Millions USD by 2025
The demand for Diesel Generators in KSA is expected to reach around 262 Millions USD by 2025
5%
2020
205226
2023
250
2025
262
2024
238
20222021
216
Diesel Generators
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Diesel Generators (Millions USD)
Diesel Generators demand for GCC will support demand growth
The demand for Diesel Generators in the GCC is expected to reach 432 Millions USD by 2025
205 216 226 238 250 262
133 140 147 155 163 170356
373 393
2021
338
413
2020 2022 20242023
432
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a Diesel
Generators design and
R&D center to develop
designs for KSA
requirements.
• Establish a factory to
manufacture Diesel
Generators.
• Small and Medium
Enterprises can provide:
a. Alternator.
b. Voltage Regulator.
c. Cooling System and
Exhaust System.
d. Lubrication System.
e. Battery Charger.
f. Control Panel.
g. Main Assembly
Frame / Skid.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Diesel Generators.
Potential investment opportunities related to Diesel Generators
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Vacuum Circuit Breakers
Saudi Aramco: Public
The opportunity
1. Current KSA demand was
estimated 205 Millions USD in
2019.
2. Estimated growth was
forecasted at ~5% annually.
GCC market is estimated to
reach 452 Millions USD by
2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Vacuum Circuit Breakers represents an attractive localization opportunity given the current supply gap and expected demand growth
Establish a state-of-the-art
manufacturing unit of
Vacuum Circuit Breakers to
serve the KSA and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Saudi Aramco Material System Specifications
16-SAMSS-504 Medium Voltage
Metal Clad Switchgear
16-SAMSS-522
Retrofit Replacement Vacuum
Circuit Breakers Applied in Indoor
Metal Clad Switchgear 1 to 38 kV
Currently Saudi Aramco standards
mandates VCBs in all MV Metal
Clad Switchgears.
Vacuum Circuit Breakers are
manual/automatic operated switch
designed to interrupt a current flow
once a fault is detected. Circuit
breakers can be classified based on the
medium of operation or actuation
mechanism used to control them.
• Based on Medium Operation:
• Vacuum based
• SF6 based
• Based on Actuating Mechanism:
• Magnetic
• Spring Stored Energy
Main Function
Vacuum Circuit Breakers are used throughout the power systems networks
Saudi Aramco: Public
Vacuum Circuit Breakers and its components manufacturing represents localization opportunities within Saudi Arabia
Components of Vacuum Circuit Breakers
Saudi Aramco: Public
Vacuum Circuit Breakers demand in KSA has been growing and was estimated to be 205 Million USD in 2019
Vacuum Circuit Breakers demand is driven by power systems network projects
20172016
194185
2018 2019
+5%
205
166175
2015
Vacuum Circuit Breakers
Currently, most of KSA
demand for Vacuum Circuit
Breakers is imported
The current market for Vacuum
Circuit Breakers in KSA is
estimated at 205 Million
USD in 2019
KSA historical demand for Vacuum Circuit Breakers (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market demand for Vacuum Circuit Breakers (Million USD)
Vacuum Circuit Breakers demand is expected to rise 5% annually and reach 274 Million USD by 2025
The demand for Vacuum Circuit Breakers in KSA is expected to reach 274 Million USD by 2025
5%
2020
215237
2023
261
2025
274
2024
249
20222021
226
Vacuum Circuit Breakers
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
The demand for Vacuum Circuit Breakers in the GCC is expected to reach 452 Millions USD by 2025
215 226 237 249 261 274
140 147 154 162 170 178373 391 411
2021
355
431
2020 2022 20242023
452
5%
2025
Saudi Arabia
Rest of GCC
GCC expected market demand for Vacuum Circuit Breakers (Millions USD)
Vacuum Circuit Breakers demand for GCC will support demand growth
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a Vacuum
Circuit Breakers design
and R&D center to
develop designs for KSA
requirements.
• Establish a factory to
manufacture Vacuum
Circuit Breakers.
• Small and Medium Enterprises (SME) can provide:
a. Springs.
b. Charging Motor.
c. Auxiliary Contacts.
d. Vacuum Bottles.
e. Insulator.
• Establish technical support service center to serve requirements for Testing, Maintenance, Retrofitting and Troubleshooting of Vacuum Circuit Breakers.
Potential investment opportunities related to Vacuum Circuit Breakers
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Power Transformers
Saudi Aramco: Public
1. KSA demand was estimated at
328 Millions USD in 2019
2. Forecasted at ~3% annual
growth and estimated to reach
645 Millions USD for GCC by
2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs
The business case
Power Transformers represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of
Power Transformers to
serve the KSA and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Key Power Transformers Technical Specification:
• SAES-P-121 Transformers and Reactors
• 14-SAMSS-531 Power Transformers
• Power transformer is used to transfer electrical
energy in any part of the electrical or electronic
circuit between the generator and the
distribution primary circuits.
• These transformers are used in distribution
systems to interface step up and step down
voltages.
• The common type of power transformer is liquid
immersed and the life span of these
transformers is around 30 years.
Power Transformers are used by Oil and Gas Industries and Power Systems Applications
Saudi Aramco: Public
Components of Power Transformers
There are a lot of opportunities for SME to manufacture components for Power Transformers
Saudi Aramco: Public
Power Transformers demand in KSA has been growing and was estimated at 328 Millions in 2019
Power Transformer demand is driven by power plants, industrial plants and utilities projects in the region
20172016
318308
2018 2019
+3%
328
290 299
2015
Power Transformers
Currently, most of KSA
demand of Power
Transformers is imported
The current market for Power
Transformers in 2019 for KSA
was estimated at 328
Millions USD
KSA historical demand for Power Transformers (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Power Transformers (Millions USD)
Power Transformers Demand is expected to rise 3% annually and reach 391 Millions USD by 2025
The demand for Power Transformers in KSA is expected to reach around 391 Millions USD by 2025
3%
2020
337358
2023
380
2025
391
2024
369
20222021
347
Power Transformers
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Power Transformers (Millions USD)
Power Transformers demand for GCC will support demand growth
The demand for Power Transformers in the GCC is expected to reach 645 Millions USD by 2025
337 347 358 369 380 391
219 226 233 240 247 254
573 591 609
2021
556627
2020 2022 20242023
645
3%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a Power
Transformer design and
R&D center to develop
designs for KSA
requirements.
• Establish a factory to
manufacture Power
Transformers.
• Small and Medium Enterprises can provide:
a. Gaskets.
b. Radiators and Tubes.
c. Measurement Gauges.
d. Bushings.
e. Tank.
f. Surge Arrestor.
g. Auxiliary Relays.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Power Transformers.
Potential investment opportunities related to Power Transformers
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Motors
Saudi Aramco: Public
The opportunity
1. KSA demand was estimated at
327 Millions USD in 2019.
2. Forecasted at ~5% annual
growth and estimated to
reach 723 Millions USD forGCC by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Motors represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of
Motors to serve the KSA and
GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Key Motor Technical Specification:
Engineering Standard
SAES-P-113 “Motors and Generators”
Large Induction Motors above 500 HP
17-SAMSS-502
Small Induction Motors to 500 HP
17-SAMSS-503
Large Synchronous Turbine Generators
17-SAMSS-510
Large Brushless Synchronous Motors
17-SAMSS-520
Motors are used by utility Oil and Gas Industries and Power Systems Applications
Saudi Aramco: Public
RotorStator
Motors and its components manufacturing represents localization opportunities within Saudi Arabia
Components of Motors
Saudi Aramco: Public
Motors demand in KSA has been growing and was estimated at 327 Millions USD in 2019
Motor demand is driven by Oil and Gas Industries and Power Systems Applications
20172016
310295
2018 2019
+5%
327
266 280
2015
Power Transformers
Currently, most of KSA
demand of Motors is
imported
The current market for Motors
for KSA was estimated at 327
Millions USD in 2019.
KSA historical demand for Motors (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Motors (Millions USD)
Motors demand is expected to rise 5% annually and reach 438 Millions USD by 2025
The demand for Motors in KSA is expected to reach around 438 Millions USD by 2025
5%
2020
343378
2023
417
2025
438
2024
397
20222021
360
Motors
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Motors (Millions USD)
Motors demand for GCC will support demand growth
The demand for Motors in the GCC is expected to reach 723 Millions USD by 2025
343 360 378 397 417 438
223 234 246 258 271 285594
624 655
2021
566
688
2020 2022 20242023
723
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a Motor design
and R&D center to
develop designs for KSA
requirements.
• Establish a factory to
manufacture Motors.
• Small and Medium Enterprises (SME) can provide the following commodities and services:
a. Welding.
b. Fabrication.
c. Copper material.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Motors.
Potential investment opportunities related to Motors
Design Manufacturing SME opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
High Voltage Gas Insulated Switchgear
Saudi Aramco: Public
The opportunity
1. Current KSA demand is
estimated at 145 Millions
USD in 2019.
2. Estimated growth at forecasted
~3% annually. GCC market
is estimated to reach 285
Millions USD by 2025
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
High Voltage Gas Insulated Switchgear represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of High
Voltage Gas Insulated
Switchgears to serve the
KSA and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Key High Voltage Gas Insulated Switchgears Technical Specification:
• 32-TMSS-02, SAES-P-119
• All the equipment's are enclosed by gas
tight metal enclosure
• SF6 gas is used as insulation between live
parts of the equipment's and earthed
metal enclosure.
• Available from 69 KV systems up to 400 KV
system.
• Ultimate for substations with very limited
place.
Example
High Voltage Gas Insulated Switchgears are used by Oil and Gas Industries and Power Systems Applications
Saudi Aramco: Public
High Voltage Gas Insulated Switchgears and its components manufacturing represents localization opportunities within Saudi Arabia
1. Insulated bus bars
2. Electrical Disconnector
3. Circuit breaker
4. Current Transformers
5. Voltage Transformer
6. Earth switches
7. Surge arrestors
8. Local Control Cabinet
Voltage
TransformerBus Bar
Circuit BreakerCurrent
Transformer
Components of HV Gas Insulated Switchgears
Saudi Aramco: Public
High Voltage Gas Insulated Switchgears (GIS) demand in KSA has been growing and was estimated at 145 Millions USD in 2019
HV Gas Insulated Switchgear demand is driven by Oil and Gas Industries and Power Systems Applications
20172016
140136
2018 2019
+3%
145
128 132
2015
HV Gas Insulated Switchgear
Currently, most of KSA
demand of High Voltage GIS
is imported
The current market for HV GIS
in KSA was estimated at 145
Millions USD in 2019.
KSA historical demand for HV Gas Insulated Switchgears (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for HV Gas Insulated Switchgears (Millions USD)
HV Gas Insulated Switchgear demand is expected to rise 3% annually and reach 173 Millions by 2025
The demand for HV Gas Insulated Switchgears in KSA is expected to reach around 173 Millions USD by 2025
3%
2020
149158
2023
168
2025
173
2024
163
20222021
153
HV Gas Insulated Switchgear
© Saudi Arabian Oil Company, 2020
Saudi Aramco: Public
GCC expected market size for HV Gas Insulated Switchgears (Millions USD)
HV Gas Insulated Switchgear demand for GCC will support demand growth
The demand for HV Gas Insulated Switchgears in the GCC is expected to reach 285 Millions USD by 2025
149 153 158 163 168 173
97 99 103 106 109 112
252 261 269
2021
246277
2020 2022 20242023
285
3%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a GIS design
and R&D center to
develop designs for KSA
requirements.
• Establish a factory to
manufacture HV Gas
Insulated Switchgear.
• Small and Medium
Enterprises can provide:
a. Instrument
Transformers.
b. Insulator.
c. Bushing.
d. Cable Termination
Kits.
e. Surge Arrestor.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of HV Gas Insulated Switchgear.
Potential investment opportunities related to HV Gas Insulated Switchgears
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Medium Voltage Gas Insulated Switchgear
Saudi Aramco: Public
The opportunity
1. Current KSA demand is
estimated at 129 Millions
USD in 2019.
2. Estimated growth at forecasted
~3% annually. GCC market
is estimated to reach 254
Millions USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Medium Voltage Gas Insulated Switchgear represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of
Medium Voltage Gas
Insulated Switchgears to
serve the KSA and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Key Medium Voltage Gas Insulated Switchgears Technical Specification:
• 32-SDMS-09, SAES-P-116
• All the equipment's are enclosed by gas
tight metal enclosure
• Available from 12 KV systems to 52 KV
system. Used in primary distribution
networks
• SF6 gas is used as insulation between live
parts of the equipment's and earthed
metal enclosure.
• Newly introduced by Saudi Aramco for
primary distribution application
SampleSample
Medium Voltage Gas Insulated Switchgears are used by Oil and Gas Industries and Power Systems Applications
Saudi Aramco: Public
Components of Medium Voltage Gas Insulated Switchgears
1. Electrical Disconnector
2. Circuit breaker (Vacuum)
3. Cables pluggable connectors
4. Current Transformers
5. Voltage Transformer
6. Earth switches
7. Surge arrestors
8. Control Cabinet
Medium Voltage Gas Insulated Switchgears and its components manufacturing represents localization opportunities within Saudi Arabia
Saudi Aramco: Public
Medium Voltage Gas Insulated Switchgears (GIS) demand in KSA has been growing and was estimated at 129 Millions USD in 2019
MV Gas Insulated Switchgear demand is driven by Oil and Gas Industries and Power Systems Applications
20172016
125121
2018 2019
+3%
129
114 117
2015
MV Gas Insulated Switchgear
Currently, most of KSA
demand of Medium Voltage
GIS is imported
The current market for MV GIS
in KSA was estimated at 129
Millions USD in 2019.
KSA historical demand for MV Gas Insulated Switchgears (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for MV Gas Insulated Switchgears (Millions USD)
MV Gas Insulated Switchgear demand is expected to rise 3% annually and reach 154 Millions by 2025
The demand for MV Gas Insulated Switchgears in KSA is expected to reach around 154 Millions USD by 2025
3%
2020
132140
2023
149
2025
154
2024
145
20222021
136
MV Gas Insulated Switchgear
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for MV Gas Insulated Switchgears (Millions USD)
MV Gas Insulated Switchgear demand for GCC will support demand growth
The demand for MV Gas Insulated Switchgears in the GCC is expected to reach 254 Millions USD by 2025
132 136 140 145 149 154
86 88 91 94 97 100
224 231 239
2021
218246
2020 2022 20242023
254
3%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish a Medium
Voltage GIS design and
R&D center to develop
designs for KSA
requirements.
• Establish a factory to
manufacture MV Gas
Insulated Switchgear.
• Small and Medium
Enterprises can provide:
a. Instrument
Transformers.
b. Insulator.
c. Bushing.
d. Cable Termination
Kits.
e. Surge Arrestor.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Medium Voltage Gas Insulated Switchgear.
Potential investment opportunities MV Gas Insulated Switchgears
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Cutout Fuse
Saudi Aramco: Public
The opportunity
1. KSA demand Cutout Fuses
was estimated at 59 Millions
USD in 2019.
2. Estimated growth at forecasted
~5% annually. GCC market
is estimated to reach 130
Millions USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Cutout Fuse represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of
Cutout Fuses to serve the
KSA and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Cutout Fuses are used by Utility Companies and Power System Networks
Combination of a fuse and switch used primarily in
Overhead lines and Taps to protect distribution
transformers for current surges and overloads
Applications are the following:
Pole mounted transformers
Pole mounted capacitors
Lateral tap of feeders
The components of the fuse cut out are:
Cut Out Body that is an Open C shaped frame
that support the fuse holder
Fuse Element is the replaceable part of the body
Insulators material
Main Function
• IEC-60273
• IEC 60282-2 HV Fuse
Expulsion
• IEEE C37.42-2016:IEEE
standards for high voltage
fuses-1kv and above
Technical Specification
Saudi Aramco: Public
Components of Cutout Fuses
There are a lot of opportunities for SME to manufacture components for Cutout Fuses
Fuse6
Silver to Silver Contacts7
Tin Plated Bronze Terminals1
Stainless Steel Back-up Spring3
Cast Bronze Tope Tube Casting and Pull Ring4Solid Porcelain or polymer insulator5
GGalvanized Steel Channel2
Saudi Aramco: Public
Cutout Fuses demand in KSA has been growing and was estimated at 59 Millions USD in 2019
Cutout Fuses demand is driven by all power systems networks in the region
20172016
5653
2018 2019
+5%
59
48 50
2015
Cutout Fuses
Currently, all of KSA demand
of Cutout Fuses is imported
The current market for Cutout
Fuses in 2019 for KSA was
estimated at 59 Millions
USD
KSA historical demand for Cutout Fuses (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Cutout Fuses (Millions USD)
Cutout Fuses Demand is expected to rise 5% annually and reach 79 Millions USD by 2025
The demand for Cutout Fuse in KSA is expected to reach around 79 Millions USD by 2025
5%
2020
6168
2023
75
2025
79
2024
71
20222021
65
Cutout Fuses
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Cutout Fuses (Millions USD)
Cutout Fuses demand for GCC will support demand growth
The demand for Cutout Fuses in the GCC is expected to reach 130 Millions USD by 2025
61 65 68 71 75 79
40 42 44 46 49 51107
112 117
2021
101
124
2020 2022 20242023
130
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish Cutout Fuses
design and R&D center
to develop designs for
KSA requirements
• Establish a factory to
manufacture Cutout
Fuses
• Small and Medium
Enterprises (SME) can
provide:
a. Fuse.
b. Metal component.
c. Raw Materials.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Cutout Fuses.
Potential investment opportunities related to Cutout Fuses
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
OHL Conductors
Saudi Aramco: Public
The opportunity
1. KSA demand was estimated at
298 Million USD in 2019.
2. Estimated growth at forecasted
~5% annually. GCC market
is estimated to reach 658
Millions USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
OHL Conductors represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of OHL
Conductors to serve the KSA
and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
OHL Conductors are used by Utility Companies and Power System Networks
• IEC1089
• SEC(Saudi Electricity Corporation), Transmission Materials Specification (TMSS)
• SEC(Saudi Electricity Corporation), Distribution Materials Specification (SDMS)
OHL conductor are used in MV and HV transmission & distribution of power
ACSR: Aluminum Conductor Steel Reinforced
AAC: All Aluminum Conductor
ACCC: Aluminum Conductor Composite Core
Main Function
Technical Specification
Saudi Aramco: Public
Components of OHL Conductors
Outer Aluminum Strands
Inner Reinforced Steel Core
Outer Aluminum Clad/Strands
Composite Core
ACCC(Aluminum Conductor Composite Core)
ACSR(Aluminum Conductor Steel Reinforced Conductor)
Below are components for OHL Conductors
Saudi Aramco: Public
OHL Conductors demand in KSA has been growing and was estimated at 298 Millions USD in 2019
OHL Conductors demand is driven by all power systems networks in the region
20172016
283268
2018 2019
+5%
298
242 255
2015
OHL Conductors
Currently, most of KSA
demand of OHL Conductors
is imported
The current market for OHL
Conductors in 2019 for KSA
was estimated at 298
Millions USD
KSA historical demand for OHL Conductors (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for OHL Conductors (Millions USD)
OHL Conductors Demand is expected to rise 5% annually and reach 399 Millions USD by 2025
The demand for OHL Conductors in KSA is expected to reach around 399 Millions USD by 2025
5%
2020
312344
2023
380
2025
399
2024
362
20222021
328
OHL Conductors
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for OHL Conductors (Millions USD)
OHL Conductors demand for GCC will support demand growth
The demand for OHL Conductors in the GCC is expected to reach 658 Millions USD by 2025
312 328 344 362 380 399
203 213 224 235 247 259541 568 597
2021
515
627
2020 2022 20242023
658
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish OHL
Conductors design and
R&D center to develop
designs for KSA
requirements
• Establish a factory to
manufacture OHL
Conductors
• Small and Medium Enterprises (SME) can provide raw material:
a. Steel.
b. Aluminum.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of OHL Conductors .
Potential investment opportunities related to OHL Conductors
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Surge Arrestors
Saudi Aramco: Public
The opportunity
1. KSA demand was estimated at
74 Million USD in 2019.
2. Estimated growth at forecasted
~ 5% annually. GCC market
is estimated to reach 163
Million USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Surge Arrestors represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of Surge
Arrestors to serve the KSA
and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Surge Arrestors are used by Utility Companies and Power Systems Networks
• IEEE Std C62.11-2012-Metal Oxide Surge Arrester for AC Power Circuits Greater
than 1KV
• SEC(Saudi Electricity Corporation), Transmission Material Standard-TMSS
Surge Arresters are voltage limiting devices to protect electrical insulation from
over-voltage transients in a power system network due to lightning and switching
Main Function
Technical Specification
• End of Transmission Line
• Cable
• Cable jumper interface with OHL
• Transformers
• Generators
• Capacitors
• Substation Entrance point
Application
Saudi Aramco: Public
Porcelain Housed Polymer Housed “Cage Design” Polymer Housed “Tube Design”
There are a lot of opportunities for SME to manufacture
components for Surge Arrestors
Components of Surge Arrestors
Saudi Aramco: Public
Surge Arrestors demand in KSA has been growing and was estimated at 74 Millions USD in 2019
Surge Arrestors demand is driven by all power systems networks in the region
20172016
7066
2018 2019
+5%
74
6063
2015
Surge Arrestors
Currently, most of KSA
demand of Surge Arrestors is
imported
The current market for Surge
Arrestors in 2019 for KSA was
estimated at 74 Millions
USD
KSA historical demand for Surge Arrestors (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Surge Arrestors (Millions USD)
Surge Arrestors demand is expected to rise 5% annually and reach 99 Millions USD by 2025
The demand for Surge Arrestors in KSA is expected to reach around 99 Millions USD by 2025
5%
2020
7785
2023
94
2025
99
2024
89
20222021
81
Surge Arrestors
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Surge Arrestors (Millions USD)
Surge Arrestors demand for GCC will support demand growth
The demand for Surge Arrestors in the GCC is expected to reach 163 Millions USD by 2025
77 81 85 89 94 99
50 53 55 58 61 64134
140 147
2021
127
155
2020 2022 20242023
163
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish Surge
Arrestors design and
R&D center to develop
designs for KSA
requirements
• Establish a factory to
manufacture Surge
Arrestors
• Small and Medium Enterprises (SME) can provide:
a. Raw material:
i. Steel.
ii. Zinc Oxide.
iii. Fiber Glass.
b. Component:
i. Fiber glass Housing.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Surge Arrestors.
Potential investment opportunities related to Surge Arrestors
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Suspension and Post Insulators
Saudi Aramco: Public
The opportunity
1. KSA demand was estimated at
304 Millions USD in 2019.
2. Estimated growth at forecasted
~5% annually. GCC market
is estimated to reach 672
Millions USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Suspension & Post Insulators represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of
Suspension & Post
Insulators to serve the KSA
and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Suspension & Post Insulators are used by Utility Companies and Power System Networks
Suspension Insulator:
consists of a number of insulators discs in series to form a string and carries the line conductor at
the bottom insulator disc.
Post Insulators:
Used as supports for tubular busbars , capacitor banks, reactor supports in substation switchyard
and lastly used for OHL distribution system conductor supports.
Two types:
• Porcelain Type
• Polymer Type
Main Function
• ANSI C29
• IEC 62217
• IEC 61109
• IEC 60815-1 and 3
• IEC 61466-1
• SEC(Saudi Electricity Corporation), Transmission Materials Specification(TMSS)
• SEC(Saudi Electricity Corporation), Distribution Materials Specification(SDMS)
Technical Specification
Saudi Aramco: Public
Components of Suspension & Post Insulators
There are a lot of opportunities for SME to manufacture components for Suspension & Post Insulators
Saudi Aramco: Public
Suspension & Post Insulators demand in KSA has been growing and was estimated at 304 Millions USD in 2019
Suspension & Post Insulators demand is driven by all power systems networks in the region
20172016
288274
2018 2019
+5%
304
247 260
2015
Suspension & Post Insulators
Currently, most of KSA
demand of Suspension &
Post Insulators are imported
The current market for
Suspension & Post Insulators
in 2019 for KSA was estimated
at 304 Millions USD
KSA historical demand for Suspension & Post Insulators (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Suspension & Post Insulators (Millions USD)
Suspension & Post Insulators Demand is expected to rise 5% annually and reach 407 Millions USD by 2025
The demand for Suspension & Post Insulators in KSA is expected to reach around 407 Millions USD by 2025
5%
2020
319351
2023
387
2025
407
2024
369
20222021
335
Suspension & Post Insulators
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Suspension & Post Insulators (Millions USD)
Suspension & Post Insulators demand for GCC will support demand growth
The demand for Suspension & Post Insulators in the GCC is expected to reach 672 Millions USD by 2025
319 335 351 369 387 407
207 218 228 240 252 265553 579 609
2021
526
639
2020 2022 20242023
672
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish Suspension &
Post Insulators design
and R&D center to
develop designs for KSA
requirements.
• Establish a factory to
manufacture Suspension
& Post Insulators.
• Small and Medium Enterprises (SME) can provide:
a. Discs.
b. Corona ring.
c. Metallic connection joints.
d. Arcing horns.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Suspension & Post Insulators.
Potential investment opportunities related to Suspension and Post Insulators
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Industrial Batteries
Saudi Aramco: Public
The opportunity
1. KSA demand was estimated at
158 Millions USD in 2019.
2. Forecasted at ~5% annual
growth, the GCC demand
will reach 348 Millions
USD by 2025.
3. Attractive cost base including
low logistics, land, utilities, and
labor costs.
The business case
Industrial Batteries represents an attractive localization opportunity given the current supply gap and expected demand growth
The opportunity
Establish a state-of-the-art
manufacturing unit of
Industrial Batteries to serve
the KSA and GCC.
The opportunity
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Industrial Batteries Technical Specification:
• Stationary lead-acid and nickel cadmium are the
most common used batteries in industrial
applications
• Industrial grade batteries must be able to deliver
reliable power for as long as the device is able to
operate.
• 17-SAMSS-511
Industrial batteries are used for uninterruptible power supply, DC systems and off-grid solar systems
Saudi Aramco: Public
Industrial batteries are secondary or rechargeable batteries and consists of three main types
Industrial battery types
Source: Saudi Aramco analysis
Type Anode (A), Cathode
(C) and Medium (M)Characteristics Applications
Lead - Acid• A: Lead
• C: Lead Dioxide
• M: Sulfuric acid
• Rechargeable1
• Large power to weight ratio and low cost
Most widely in automotive, industrial applications
Lithium Ion
• A: Lithium
• C: Graphite
• M: Li salt in solvent
• Rechargeable1
• Large power to weight ratio, higher costs
Widely used in electronics, power tools and electric vehicles
Nickel Cadmium / Nickel metal hydride
• A: Cadmium/ hydride
• C: Nickel oxide
hydroxide
• M: Alkaline (Potassium
Hydroxide)
• Rechargeable1
• Low power, high discharge rates
Emergency lighting, standby power, and Uninterruptible Power Supplies (UPS), off-grid solar systems
Not Exhaustive
Fo
cu
s
Saudi Aramco: Public
Typical Services for Industrial Batteries
• Capacity Testing
• Acid Adjustment
• Cell and Cable Replacement
• Battery Cleaning/Painting
• Battery Reconditioning
• Charger Repair & Testing
• Rental Batteries & Chargers
Available
Typical Components for Industrial Batteries
Industrial Batteries and its components manufacturing represents localization opportunities within Saudi Arabia
Saudi Aramco: Public
Industrial Batteries demand in KSA has been growing and was estimated at 158 Millions USD in 2019
Industrial Batteries demand is driven by power plants, industrial plants and utilities projects in the region
20172016
150142
2018 2019
+5%
158
128135
2015
Industrial Batteries
Currently, most of KSA
demand of Industrial
Batteries is imported
The current market for Industrial
Batteries for KSA was estimated
at 158 Million USD in
2019.
KSA historical demand for Industrial Batteries (Millions USD)
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
KSA expected market size for Industrial Batteries (Millions USD)
Industrial Batteries demand is expected to rise 5% annually and reach 211 Millions USD by 2025
The demand for Industrial Batteries in KSA is expected to reach around 211 Millions USD by 2025
5%
2020
165182
2023
201
2025
211
2024
192
20222021
174
Industrial Batteries
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
GCC expected market size for Industrial Batteries (Millions USD)
Industrial Batteries demand for GCC will support demand growth
The demand for Industrial Batteries in the GCC is expected to reach 348 Millions USD by 2025
165 174 182 192 201 211
107 113 118 125 131 137287 300
317
2021
272
332
2020 2022 20242023
348
5%
2025
Saudi Arabia
Rest of GCC
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
• Establish an Industrial
Battery design and R&D
center to develop designs
for KSA requirements.
• Establish a factory to
manufacture Industrial
Batteries:
• Container.
• Cover.
• Plates.
• Small and Medium
Enterprises can provide:
a. Electrolyte.
b. Rack.
• Establish technical support service center to serve requirements for Testing, Maintenance and Troubleshooting of Industrial Batteries.
Potential investment opportunities Industrial Batteries
Design Manufacturing SME Opportunities Customer Services
Local value chain gaps translate into opportunities to do business in KSA
© Saudi Arabian Oil Company, 2020 Source: Saudi Aramco analysis
Saudi Aramco: Public
Please direct all inquiries for the Electrical Sector Investment Opportunitiesinvestment to:
Khaled AlGhadhban
Business Development Specialist
Saudi Aramco
Office number: +966-13-874-1417
We invite you to engage with us and send us your Expression of Interest by scanning the QR code or visiting https://iktva.sa/opportunities
Noora AlGhamdi
Business Development Engineer
Saudi Aramco
Office number: +966-13- 874-1703
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