Middle East Cable Market Size By Voltage (Low, Medium, High, Extra High), By Application (Residential, Commercial, Industrial, Transportation, Utilities, By Rating (66 kV, 132 kV, 220 kV, 400 kV), By Material (Aluminium, Copper), & Forecast, 2023 - 2032

Middle East Cable Market Size

Middle East Cable Market size surpassed USD 9.5 billion in 2022 and is expected to grow at 8% CAGR from 2023 to 2032 backed by the flourishing Internet and telecom sector in the region.
 

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The demand for electronic products with resilient and smart data distribution facilities has grown substantially in the Middle East, owing to rapid development in electronic structures. This has supported the expansion of the telecom and internet sector in countries such as Saudi Arabia and the UAE, favoring industry growth.
 

As per the International Trade Administration, the ICT industry in Saudi Arabia is the largest in the North Africa and Middle East region, valued at USD 32.1 billion. In fact, the government in the region is investing heavily in the regional telecom sector, which is likely to propel the demand for electrical products such as wires and cables for power transmission.
 

While growth opportunities are abundant, the middle east cable market is likely to experience sluggish growth due to the high reliance on regional imports. Many economies in the region have insufficient reserves for refined copper production, leading to increased local rod production and a surge in imports. Moreover, fluctuating prices of major raw materials such as copper and aluminium add to the cost of final products which poses challenges in imports, thus impacting the overall trade dynamics.
 

Middle East Cable Market Analysis

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The 66kV segment dominated 80% of the industry share in 2022. These cables are suitable for the distribution of bulk power and are used in industrial plants and other areas that require high voltage. Surging demand for electricity in the province has propelled the adoption of 66kV cables. To illustrate, in December 2021, the government of Saudi Arabia announced its plan to invest around USD 38 billion in energy distribution by 2030.
 

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The copper material type captured for over 70% of the Middle East cable market in 2022. Non-magnetic properties of copper, in line with its high ductility and electrical conductivity, have made it a preferred material for manufacturing cable wires. In addition, copper cables demonstrate high corrosion resistance and superior malleability, which favors their mass requirement. They are also resistant to heat, which helps eliminate overloading concerns and makes them suitable for use in heavy electrical circuits.
 

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Saudi Arabia cable market valuation is poised to reach USD 9 billion by 2032 on account of increasing demand for fiber optic connections and improving broadband infrastructure. The mobile internet speed has also doubled in the country due to huge investments in digital infrastructure. However, the development of renewable sector is further paving the way for market growth. Citing an instance, as per the International Trade Administration, the country aims to generate around 50% of its electricity from renewables and the other 50% from gas by 2030.
 

Middle East Cable Market Share

Leading companies operating in the Middle East cable industry are:

• MESCcables
• Naficon
• Global Emirates Cables & System Industries
• Bahra Electric
• Iran Cable Manufacturing Company
• MEFC, and HELUKABEL GmbH

These firms have been emphasizing strengthening their strategic ties to boost their presence in the global market. For example, in January 2023, Riyadh Cables Group, a Saudi Arabian cable manufacturer, inked an export agreement with Wafaa Al-Furat Company, an Iraq-based cable supplier, for supplying electrical components worth over USD 25 million.
 

Under this agreement, the company will export electrical wires & cables from Saudi Arabia to Iraq throughout 2023. This move will help the company expand its cable portfolio while strengthening its industry position across Iraq.
 

This market research report of Middle East cable includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in Units from 2018 to 2032 for the following segments:

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Market Size, By Voltage

• Low
• Medium
• High
• Extra High

Market Size, By Application

• Residential
• Commercial
• Industrial
• Transportation
• Utilities

Market Size, By Rating

• 66 kV
• 132 kV
• 220 kV
• 400 kV

Market Size, By Material

• Aluminium
• Copper

The above information has been provided for the following countries:

• Saudi Arabia
• Qatar
• UAE
• Egypt
• Turkey
• Kuwait
• Iraq
• Oman
• Bahrain