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Middle East Cable Market Share

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

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,
  • 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.
 

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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