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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

operations and business, and certain of the Company’s plans, intentions, expectations, assumptions, goals and beliefs. These statements include all matters that are not historical fact and generally, but not always, may be identified by the use of words such as “believes”, “expects”, “are expected to”, “anticipates”, “intends”, “estimates”, “should”, “will”, “shall”, “may”, “is likely to”, “plans” or similar expressions, including variations and the negatives thereof or comparable terminology.

You should be aware that forward-looking statements are not guarantees of future performance and that the Company’s actual financial position, results of operations and business, and the development of the industries in which it operates may differ materially from those made in or suggested by such forward-looking statements. Factors that could cause actual results to differ materially from the Company’s expectations are contained in cautionary statements in the Company’s Prospectus filed with the Saudi Arabian Capital Markets Authority and available at https://cma.org.sa/en/Market/Prospectuses/Pages/default.aspx (the “Prospectus”) and include, among other things, the following:

• (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.

The Prospectus contains a more complete discussion of the factors that could affect the Company’s future performance and the industries in which it operates. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above.


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)


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


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


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


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)



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



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



• 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


Diesel Generators



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.



labor costs.

The business case

Diesel Generators represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity



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


Alternator ComponentsEngine Components

Diesel Generators and its components manufacturing represents localization opportunities within Saudi Arabia


There are a lot of opportunities for SME to manufacture components for Diesel Generators

Components of Diesel Generators


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


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)



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



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



• Establish a Diesel

Generators design and

R&D center to develop

designs for KSA

requirements.


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




Vacuum Circuit Breakers


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.



labor costs.

The business case

Vacuum Circuit Breakers represents an attractive localization opportunity given the current supply gap and expected demand growth



Vacuum Circuit Breakers to

serve the KSA and GCC.

The opportunity



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


Vacuum Circuit Breakers and its components manufacturing represents localization opportunities within Saudi Arabia

Components of Vacuum Circuit Breakers


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



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)



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




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



• Establish a Vacuum

Circuit Breakers design

and R&D center to

develop designs for KSA

requirements.


manufacture Vacuum

Circuit Breakers.


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




Power Transformers


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.



labor costs

The business case

Power Transformers represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity



Power Transformers to


The opportunity



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


Components of Power Transformers

There are a lot of opportunities for SME to manufacture components for Power Transformers


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


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)



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



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



• Establish a Power

Transformer design and


designs for KSA

requirements.


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




Motors


The opportunity


327 Millions USD in 2019.


growth and estimated to

reach 723 Millions USD forGCC by 2025.



labor costs.

The business case

Motors represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity



Motors to serve the KSA and

GCC.

The opportunity



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


RotorStator

Motors and its components manufacturing represents localization opportunities within Saudi Arabia

Components of Motors


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


demand of Motors is

imported

The current market for Motors

for KSA was estimated at 327


KSA historical demand for Motors (Millions USD)



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



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



• Establish a Motor design

and R&D center to


requirements.


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



High Voltage Gas Insulated Switchgear


The opportunity

1. Current KSA demand is


USD in 2019.

2. Estimated growth at forecasted



Millions USD by 2025



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


manufacturing unit of High

Voltage Gas Insulated

Switchgears to serve the

KSA and GCC.

The opportunity



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


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

https://www.google.com/url?sa=i&url=http%3A%2F%2Frbc-energo.ru%2Fen%2Ftokoprovod%2Fs-elegazovoj-izolyaciej%2Frbc-gil%2F&psig=AOvVaw2kEYMA-TfMYuHa9l2aeQCC&ust=1581424116288000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCMjj1Yf-xucCFQAAAAAdAAAAABAK


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


demand of High Voltage GIS

is imported

The current market for HV GIS

in KSA was estimated at 145


KSA historical demand for HV Gas Insulated Switchgears (Millions USD)



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


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



• Establish a GIS design

and R&D center to


requirements.


manufacture HV Gas

Insulated Switchgear.



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




Medium Voltage Gas Insulated Switchgear


The opportunity

1. Current KSA demand is


USD in 2019.







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



Medium Voltage Gas

Insulated Switchgears to


The opportunity



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


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


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


demand of Medium Voltage

GIS is imported

The current market for MV GIS

in KSA was estimated at 129


KSA historical demand for MV Gas Insulated Switchgears (Millions USD)



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



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



• Establish a Medium

Voltage GIS design and


designs for KSA

requirements.


manufacture MV Gas

Insulated Switchgear.



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




Cutout Fuse


The opportunity

1. KSA demand Cutout Fuses

was estimated at 59 Millions

USD in 2019.







labor costs.

The business case

Cutout Fuse represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity



Cutout Fuses to serve the

KSA and GCC.

The opportunity



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


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


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


USD

KSA historical demand for Cutout Fuses (Millions USD)



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



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



• Establish Cutout Fuses

design and R&D center

to develop designs for

KSA requirements


manufacture Cutout

Fuses


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




OHL Conductors


The opportunity


298 Million USD in 2019.







labor costs.

The business case

OHL Conductors represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity


manufacturing unit of OHL

Conductors to serve the KSA

and GCC.

The opportunity



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



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


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


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)



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



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



• Establish OHL

Conductors design and


designs for KSA

requirements


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




Surge Arrestors


The opportunity


74 Million USD in 2019.


~ 5% annually. GCC market


Million USD by 2025.



labor costs.

The business case

Surge Arrestors represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity


manufacturing unit of Surge

Arrestors to serve the KSA

and GCC.

The opportunity



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


• End of Transmission Line

• Cable

• Cable jumper interface with OHL

• Transformers

• Generators

• Capacitors

• Substation Entrance point

Application


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


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


demand of Surge Arrestors is

imported

The current market for Surge

Arrestors in 2019 for KSA was


USD

KSA historical demand for Surge Arrestors (Millions USD)



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



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



• Establish Surge

Arrestors design and


designs for KSA

requirements


manufacture Surge

Arrestors


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




Suspension and Post Insulators


The opportunity









labor costs.

The business case

Suspension & Post Insulators represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity



Suspension & Post

Insulators to serve the KSA

and GCC.

The opportunity



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)



Components of Suspension & Post Insulators

There are a lot of opportunities for SME to manufacture components for Suspension & Post Insulators


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


demand of Suspension &

Post Insulators are imported

The current market for


in 2019 for KSA was estimated

at 304 Millions USD

KSA historical demand for Suspension & Post Insulators (Millions USD)



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




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



• Establish Suspension &

Post Insulators design

and R&D center to


requirements.


manufacture Suspension

& Post Insulators.


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




Industrial Batteries


The opportunity




growth, the GCC demand

will reach 348 Millions

USD by 2025.



labor costs.

The business case

Industrial Batteries represents an attractive localization opportunity given the current supply gap and expected demand growth

The opportunity



Industrial Batteries to serve

the KSA and GCC.

The opportunity



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


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


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


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



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)



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




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



• Establish an Industrial

Battery design and R&D

center to develop designs

for KSA requirements.


manufacture Industrial

Batteries:

• Container.

• Cover.

• Plates.



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





Please direct all inquiries for the Electrical Sector Investment Opportunitiesinvestment to:

Khaled AlGhadhban

Business Development Specialist

Saudi Aramco

[email protected]

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

[email protected]

Office number: +966-13- 874-1703

mailto:[email protected]

https://iktva.sa/opportunities

mailto:[email protected]

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