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Middle East & Africa Power and Control Cable Market Size

Report ID: GMI8603
Published Date: Mar 2024
Report Format: PDF

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Middle East & Africa Power and Control Cable Market

Middle East & Africa Power and Control Cable Market was valued at USD 16.9 billion in 2023 and is anticipated to grow at a CAGR of over 6.9% between 2024 and 2032, driven by the increasing investments in infrastructure, energy-efficient reforms, and integration of digitized monitoring and control systems.

Middle East & Africa Power and Control Cable Market

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Additionally, increasing investments in renewable energy projects, stringent regulatory standards, and advancements in cable technology are driving market growth. For instance, in 2023, the Dubai Electricity and Water Authority awarded a contract of USD 237 million to Siemens Energy for designing, supplying, and installation of a high-voltage cable system. This project aims to enhance the efficiency and reliability of Dubai's electricity transmission network, supporting increasing energy demand and sustainable development goals.

MEA Power & Control Cable Market Report Attributes
Report Attribute	Details
Base Year:	2023
MEA Power & Control Cable Market Size in 2023:	USD 16.9 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.9%
2032 Value Projection:	USD 31.3 Billion
Historical Data for:	2019 to 2023
No. of Pages:	190
Tables, Charts & Figures:	212
Segments covered:	Product, Voltage, Application
Growth Drivers:	Increasing electricity demand Integration of a sustainable electrical network
Pitfalls & Challenges:	Slow paced technological evolution across developing regions High dependency on imports

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of Middle East & Africa power and control cable was reached USD 16.9 billion in 2023 and is anticipated to record a CAGR of 6.9% through 2032, propelled by the increasing investments in infrastructure, energy-efficient reforms, and integration of digitized monitoring & control systems.

The power cable segment of MEA power & control cable industry is projected to be worth over USD 27 billion in 2032, favored by rapid infrastructure development including residential, commercial, and industrial projects.

Egypt power and control cable market is predicted to surpass USD 6 billion by 2032, owing to country’s rapidly growing economy and large population.

Bahra Electric, Belden Inc., Ducab, Energya Cable, HELUKABEL Middle East DWC LLC, KEI Industries Limited, KEC International Limited, LS Cable & System Ltd., NKT A/S, Nexans, Power Plus Cables Co. L.L.C., Prysmian Group, and Riyadh Cables.