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Middle East Cable Market Size, By Voltage (Low, Medium, High, Extra High), By Application (Commercial, Industrial), COVID-19 Impact Analysis, Country Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI450
  • Base Year: 2021
  • Report Format: PDF

Industry Trends

Middle East Cable Market size exceeded USD 9 billion in 2021 and is projected to expand at over 5.5% CAGR from 2022 to 2030. Favorable government telecom policies in line with digital transformation in the telecom sector will boost the market growth.
 

Middle East Cable Market Overview

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The rapid usage of smart meters along with the acceptance of evolving smart transmission technologies will augment the business landscape. A paradigm shift toward IT integration across the electricity sector in line with the expansion of smart grids will foster the industry spectrum. In addition, ongoing infrastructure to utilize the telecom sector in line with digitalization across the sector will lead the deployment of advanced systems.
 

The COVID- 19 outbreak has halted various industrial operations including infrastructural development and renovation & restructuring projects. Increasing government focus on over-compensating the COVID- 19 impacts by improving the operations as the opportunity arises is escalate the market demand. However, respective government protocols to recommence activities across major sectors including manufacturing units and infrastructure projects will influence significant growth.
 

Ongoing adoption of renewable energy generation systems will accelerate the market progression

Middle East Cable Market Size

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The low voltage segment in the Middle East cable market is predicted to observe a 4.7% growth rate till 2030 due to the growing demand for an affordable and efficient electricity supply along with the proliferating electronics and communication industries. Furthermore, the increasing regional population owing to the rising demand for consumer electronics, automotive, and other secondary power distribution applications will foster the industry expansion.
 

The medium voltage cable market is expected to reach USD 4 billion by 2030. The increasing acceptance of renewable energy generation systems along with the adoption of new technologies will spur the demand for these cables. Ongoing infrastructure developments in line with the construction of power distribution lines across the region will propel the demand for these cables.
 

Ongoing development of green buildings will drive the Middle East Cable Market expansion

The development of sustainable building infrastructures along with rising service sector will positively influence the product demand. The ongoing construction of various engineering marvels including smart buildings, museums, amusement parks, and entertainment facilities will proliferate the industry dynamics. An ongoing inclination toward renewable power sources coupled with the modernization of grid infrastructures with advanced transmission, monitoring & control systems will stimulate the industry progression.
 

Governments of developed countries are focusing on smart city programs to digitize the commercial and industrial which will complement the market scenario. The rising usage of IoT in industrial applications along with the introduction of smart technologies will augment the requirement for signal & control cables. Moreover, the soaring requirement for commercial vehicles across the e-commerce and other logistics industries will boost the industry growth.
 

Flourishing telecom sector will positively sway the business dynamics

The increasing demand for conventional transmission and distribution networks across developed economies impelled by the strict energy efficiency protocol for extra-high voltage cables will fuel the industry landscape. The growing construction spending on electricity demand along with the supply of continuous & reliable power will spur the cable market.
 

Ongoing investments in the development of effective infrastructures for signal transmission in line with the deployment of advanced system solutions will enhance the Middle East cable market value. The ongoing investment for reliable & efficient network range coupled with development of effective infrastructure for signal transmission will positively impact the industry outlook.
 

Ongoing investment opportunities for cable & electricity infrastructure will amplify the Middle East cable market share

Middle East Cable Market Share

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Saudi Arabia cable market is anticipated to register substantial gains propelled by the growing investments and fundings from various financial institutions including the IFC and the World Bank toward electrification in the region. The surging demand for advanced solutions, including broadband and optic fiber in line with well-established connectivity will stimulate the product demand. Rapid expansion of the renewable sector across the country will further fuel the market penetration.
 

Strategic partnerships and collaborations including joint ventures & mergers will drive the market revenue

Major participants operating in the Middle East cable market are Prysmian Group, Elsewedy Electric, Riyadh Cable Group, Power Plus Cable, Ducab, Sumitomo Electric Industries, HELUKABEL MiddleEast, Belden, Brugg Cable, Nexans, Saudi Cable Company, Bahra Cables, Federal Cables, alfanar Group, Naficon, Iran Cable Manufacturing Company, MEFC, Global Emirates Cable & Systems Industries, Jeddah Cables, Cable House, Midal Cables, and Oman Cables Industry SAOG.
 

Middle East cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD from 2018 to 2030, for the following segments:

Market, By Voltage

  • Low
  • Medium
  • High
  • Extra High

Market, By Application

  • Commercial
  • Industrial

The above information has been provided for the following region and country:

  • Middle East
    • Saudi Arabia
    • Qatar
    • UAE
    • Egypt
    • Kuwait
    • Iraq
       
Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Middle East cable surpassed USD 9 billion in 2021 and is anticipated to record more than 5.5% CAGR between 2022 and 2030.

The low voltage cables is expected to register 4.7% CAGR through 2030 as the region’s electronics and communication sectors are growing at a notable rate and there is a high demand for a cost-effective and efficient electricity supply system among end-users.

The regional medium voltage cable industry share is set to reach USD 4 billion by 2030 as renewable energy generation systems are witnessing strong demand among customers.

Saudi Arabia is likely to hold a large share of Middle East market by 2030 due to the high investments by several financial institutions in the electrification projects of the region.

Prysmian Group, Power Plus Cable, Riyadh Cable Group, Elsewedy Electric, Sumitomo Electric Industries, Ducab, Brugg Cable, and Nexans, among many others, are the major players in this market.

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Premium Report Details

  • Published Date: Apr 2022
  • Companies covered: 22
  • Tables & Figures: 123
  • Countries covered: 6
  • Pages: 170

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