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Middle East Power And Control Cable Market Forecast By Voltage (HV, MV, LV (LV Power, LV Control)), By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), By Product (Power Cable, Control Cable), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Published Date: February 2020 | Publisher: Graphical Research Report ID: GR1290 | Delivery : PDF  Request Free Sample

Middle East power and control cable market value will witness significant growth on account of the increasing investments toward the development of new power infrastructure. Ongoing efforts toward the expansion of existing transmission & distribution networks has fueled the product demand substantially. In addition, strong focus toward reducing the dependency from conventional power stations to cleaner sources of electricity generation will further augment the industry growth over the forecast timeline.

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Ongoing efforts toward the installation of energy efficient products & solutions in line with various smart city development programs will positively influence the product deployment. Strong inclination toward the deployment of energy storage solutions coupled with increasing integration of smart grid technologies to manage the robust energy demand has positively influenced the product demand. For instance, in 2019 Abu Dhabi Department of Energy started the operation of a 108 MW/648 MWh sodium sulfur battery plant and is the largest plant on a global scale.

The power cable industry is anticipated to witness substantial gains on account of favorable government policies toward the refurbishment of conventional T&D networks. Moreover, wide application across low rated capacity networks will fuel its demand across the forecast period.in addition, the growing demand for reliable electricity supply will further enhance the product penetration significantly.

LV cable demand is projected to witness substantial gain on account growing investments across real estate industry. These cables are primarily used for secondary power distribution and internal wiring applications across residential and small scale manufacturing units. Strengthening and expansion of distribution network with rising demand for electricity from renewable energy will stimulate the product landscape.

Growing demand for high voltage energy efficiency systems across the manufacturing segment will drive the industrial power and control cable market across the Middle East. In addition, ongoing expansion of various production units coupled with increasing demand for captive power generation will positively impact the industry landscape.

Saudi Arabia power and control cable market will witness significant growth on account of increasing industrialization along with growing investments toward the development of new building infrastructure. For instance, in 2019, the government Saudi Arabia announced to invest USD 500 billion in its mega smart city project NEOM which will be developed under the Saudi Vision 2030.

Favorable government initiatives towards the implementation of various microgrid network will stimulate the MV power and control cable market share. In addition, expansion of existing transmission networks to connect renewable sources with central and state grids further enhance the industry size over the forecast timeframe. Moreover, growing investments towards rebuilding of war affected countries along with extension of transmission and distribution network will fuel the industry size significantly.

Some major players operating across the industry are Ducab Cables, LS Cable & System, Saudi Cables, Southwire company, El-Sewedy Cables, Nexans, Oman Cables, Riyadh Cables, Prysmian, and Sumitomo Electric Industries amongst others.

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Middle East power and control cable market value will witness significant growth on account of the increasing investments toward the development of new power infrastructure. Ongoing efforts toward the expansion of existing transmission & distribution networks has fueled the product demand substantially. In addition, strong focus toward reducing the dependency from conventional power stations to cleaner sources of electricity generation will further augment the industry growth over the forecast timeline.
Middle East Power And Control Cable Market Forecast By Voltage (HV, MV, LV (LV Power, LV Control)), By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), By Product (Power Cable, Control Cable), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026.
Some major players operating across the industry are Ducab Cables, LS Cable & System, Saudi Cables, Southwire company, El-Sewedy Cables, Nexans, Oman Cables, Riyadh Cables, Prysmian, and Sumitomo Electric Industries amongst others.

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