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Middle East Cable Market Analysis

  • Report ID: GMI450
  • Published Date: Apr 2023
  • Report Format: PDF

Middle East Cable Market Analysis

<Middle East Cable Market Size, By Rating

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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.
 

Middle East Cable Market Share, By Material

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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.
 

Saudi Arabia Cable Market Size

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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.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Middle East cable was worth USD 9.5 billion in 2022 and is slated to grow at 8% CAGR during 2023 to 2032 on account of the positive outlook of the Internet and telecom industry in the region.

The 66kV segment dominated about 80% of the Middle East cable industry share in 2022, owing to the rising demand for electricity in the region.

Saudi Arabia cable industry is poised to reach USD 9 billion by 2032, attributed to the growing demand for fiber optic connections in the country.

Notable players in the Middle East cable industry are Dubai Cable Company Pvt Ltd (DUCAB), HELUKABEL GmbH, National Cables Industry, Elsewedy Electric, Power Plus Cable Co. L.L.C, Sumitomo Electric Industries, Ltd., and Oman Cables, among others.

Middle East Cable Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 262
  • Countries covered: 9
  • Pages: 330
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