Middle East Cables Market Analysis

Middle East Cables Market Analysis

Based on voltage, the low voltage segment is expected to cross USD 7.4 billion by 2032, on account of their extensive use in residential buildings for power distribution, lighting, and domestic appliances. The increasing number of housing projects to accommodate the growing population fuels the demand for low voltage cables. The Middle East is at the forefront of developing smart cities, integrating advanced technologies to improve urban living standards. Low voltage cables play a critical role in smart city infrastructure, supporting applications like smart lighting, energy management systems, and communication networks. These initiatives significantly boost the demand for low voltage cables.
 

Based on application, the commercial segment is anticipated to register CAGR of 4% through 2032, since the construction of commercial buildings, including office spaces, shopping malls, hotels, and mixed-use developments, is on the rise. These projects require extensive cabling solutions for electrical, data, and communication needs, thereby boosting demand for cables in the commercial sector. There is a growing trend towards smart buildings that incorporate advanced technologies for automation, energy management, and security, driving the demand for high-quality cables.
 

Saudi Arabia cables market is projected to surpass USD 6 billion by 2032, since the Saudi Vision 2030 initiative is a comprehensive plan to diversify the economy and reduce dependency on oil. This vision includes massive infrastructure projects such as NEOM, the Red Sea Project, and the Qiddiya entertainment city. These projects require extensive cabling solutions for power, data, and communication networks, driving substantial demand for cables. Similarly, countries including UAE, Egypt, Turkey are leading to significant residential construction. The development of new housing projects and the expansion of existing urban areas in these countries require a large volume of low and medium voltage cables for electrical distribution, contributing to market growth.

The Middle East is a major hub for tourism, with countries like the UAE, Saudi Arabia, and Qatar investing heavily in their hospitality sectors. The construction of new hotels, resorts, and entertainment venues to attract tourists generates significant demand for commercial cabling solutions.