Home > Energy & Power > Wire and Cable > Power Cable > Levant Power Cable Market

Levant Power Cable Market Trends

Report ID: GMI1618
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Levant Power Cable Market Trends

The market is witnessing several notable trends that are shaping its trajectory. Growing emphasis on modernizing and expanding the electrical infrastructure across the region is stimulating the industry growth. This is driven by the increasing demand for electricity due to urbanization and industrialization, leading to a rising need for high-quality power cables. In addition, there is a clear shift towards sustainable energy sources, including renewables. This shift necessitates the development of transmission and distribution networks that can efficiently carry and deliver renewable energy, thus driving demand for advanced power cables.

Furthermore, the Levant region is focusing on enhancing the reliability and resilience of its power grids. This involves the adoption of smart grid technologies and the replacement of aging infrastructure, both of which require state-of-the-art power cables to ensure seamless energy transmission. Moreover, the market is witnessing innovations in materials and designs, with an emphasis on improving energy efficiency and reducing losses during transmission.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Levant Power Cable industry size was valued at over USD 5.3 billion in 2023 and is set to grow at a rate of over 5.8% through 2032, backed by the rising investments from public and private institutions, coupled with regulatory provisions that cater to the rapid expansion of smart grid networks.

Power cables for construction application is projected to grow at a rate of over 7.6% through 2032, backed by the paradigm shift toward adoption of renewable power sources along with rapid infrastructural development.

Turkey power cable market is anticipated to grow at a rate of over 8% through 2032, driven by the focus on infrastructure development and population expansion.

Liban Cables, Elsewedy Electric, MESC, Prysmian Group, Belden Incorporated, KEI Limited, Southwire Company, LLC, Sumitomo Electric Industries, Oman Cables Industry SAOG, Riyadh Cables, Saudi Cables, DUCAB, Bahra Advanced Cable Manufacture, Midal Cables Ltd., Ozguven Kablo.