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Middle East & Africa Power and Control Cable Market Trends

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

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Middle East & Africa Power and Control Cable Market Trends

Middle East & African countries are laying more emphasis on renewable energy integration along with smart grid infrastructure, which in turn is driving the demand for power and control cable. Investment in smart grid infrastructure enables real-time monitoring and control of power distribution, enhancing the efficiency of integration. Saudi Arabia is actively investing across smart grid initiatives to support its ambitious renewable energy goals. For instance, in 2023, the country announced plans to invest USD 3.2 billion in smart grid development. This initiative aligns with the Saudi Vision 2030, which aims to diversify the economy, reduce dependence on fossil fuels, and generate 50% electricity from clean sources by 2030.

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.