Home > Energy & Power > Wire and Cable > Power Cable > Middle East Cable Market

Middle East Cable Market Size

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

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.

 

Middle East Cable Market

To understand key trends  
Download Free Sample
 

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.

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

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

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