Levant Power Cable Market Size - By Product (Power, Data & Control), By Voltage (HV, MV, LV), By Application (Oil & Gas, Construction, Utility, Manufacturing, And Transport), Regional Outlook & Global Forecast, 2024 – 2032

Levant Power Cable Market Size

Levant Power Cable Market was valued at USD 5.3 billion in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2032, driven by increasing investments in infrastructure development and urbanization across the region. Additionally, private and public investments aimed at expanding electrical networks to meet rising energy demands will influence the industry. The demand for reliable and efficient power distribution systems is rising due to the growing energy needs of residential, commercial, and industrial sectors.
 

Technological advancements in cable materials and manufacturing processes are also enhancing the performance and durability of power cables, further fueling market growth. Additionally, government initiatives to upgrade existing power grids and integrate renewable energy sources are creating significant opportunities for market players, supporting the robust market growth.
 

Levant Power Cable Market Trends

The levant power cable industry is experiencing significant growth driven by rising investments in infrastructure and energy projects across countries like Lebanon, Jordan, and Syria. The increasing demand for electricity due to urbanization, industrialization, and the expansion of renewable energy sources is propelling market expansion. Technological advancements in cable materials and manufacturing processes are enhancing the efficiency and reliability of power transmission, further boosting market growth. However, challenges such as political instability and economic constraints in the region could impact market dynamics.
 

Levant Power Cable Market Analysis

The medium voltage segment is expected to exceed USD 4 billion by 2032, driven by the rising demand for reliable power transmission in urban and industrial sectors, the expansion of renewable energy projects, and significant infrastructure development. Technological advancements in cable materials and manufacturing processes are enhancing efficiency and durability, contributing to market growth. Additionally, government initiatives aimed at improving energy infrastructure and increasing investments in the power sector are further propelling the market forward. Despite regional challenges, the medium voltage segment is poised for substantial growth.
 

The utility-scale power cable market in the Levant region is projected to achieve around 5.5% CAGR through 2032. This growth is attributed to increasing investments in infrastructure and energy projects, particularly in renewable energy. Rising electricity demand due to urbanization and industrialization is driving the need for efficient power transmission solutions. Technological advancements in cable design and materials are enhancing performance and reliability, further boosting market expansion. Additionally, government initiatives focused on modernizing energy infrastructure and improving grid stability are supporting market growth. Despite regional challenges, the utility-scale power cable market is set for significant development.
 

The power cable market in Turkey is expected to exceed USD 4.5 billion by 2032. This growth is driven by several factors, including ongoing investments in infrastructure projects aimed at improving energy efficiency and expanding the electricity grid. Turkey's rapid urbanization and industrialization are increasing the demand for reliable power transmission solutions, particularly in urban centers and industrial zones.
 

Additionally, the government's initiatives to integrate renewable energy sources into the grid and enhance energy security are bolstering market expansion. Technological advancements in cable materials and manufacturing processes are also playing a crucial role in improving the efficiency and durability of power transmission networks. Despite challenges such as economic fluctuations, the Turkey power cable market is poised for substantial growth in the coming years.
 

Levant Power Cable Market Share

Prysmian Group holds a significant share in the levant power cable industry, leveraging its advanced cable solutions to meet the region's growing demand for reliable energy transmission infrastructure. With a focus on technological innovation and sustainable practices, Prysmian contributes to enhancing grid efficiency and reliability across Lebanon, Jordan, and Syria, supporting infrastructure development and renewable energy integration initiatives in the region.
 

Levant Power Cable Market Companies

• Bahra Advanced Cable Manufacture
• Belden Incorporated
• DUCAB
• Elsewedy Electric
• KEI Limited
• Liban Cables
• MESC
• Midal Cables Ltd.
• Oman Cables Industry SAOG
• Ozguven Kablo
• Prysmian Group
• Riyadh Cables
• Saudi Cables
• Southwire Company, LLC
• Sumitomo Electric Industries
   

Levant Power Cable Industry News

• In January 2023, Turkey announced its National Energy Plan for 2035, targeting a fivefold increase in solar capacity and a threefold increase in wind power capacity to achieve a total electricity generation capacity of 189.7 GW by 2035.
   
• In April 2022, Turkey's Ministry of Transport and Infrastructure introduced plans under a 30-year development strategy, allocating around USD 197 billion to enhance rail, maritime, road, communication, and air transport connectivity across the region.
   

This levant power cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032, for the following segments:

Market, By Application

• Oil & Gas
• Construction
• Utility
• Manufacturing
• Transport
• Other

Market, By Voltage

• Low Voltage
• Medium Voltage
• High Voltage

Market, By Product

• Powe
• Data & control

The above information has been provided for the following countries across the region:

• Cyprus
• Egypt
• Iraq
• Israel
• Jordan
• Lebanon
• Palestine
• Turkey