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Levant Power Cable Market Size

Report ID: GMI1618
Published Date: Jul 2024
Report Format: PDF

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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.

Levant Power Cable Market

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Levant Power Cable Market Size in 2023:	USD 5.3 Billion
Forecast Period:	2024-2032
Forecast Period 2024-2032 CAGR:	5.9%
2032 Value Projection:	USD 9 Billion
Historical Data for:	2021-2023
No. of Pages:	70
Tables, Charts & Figures:	10
Segments covered:	Voltage, Product, Application, & Country
Growth Drivers:	Growing infrastructural investments Rising electricity consumption Increasing demand for sustainable energy
Pitfalls & Challenges:	Geopolitical uncertainties

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of levant power cable was worth over USD 5.3 billion in 2023 and is set to grow at a rate of over 5.9% through 2032, backed by the rising investments from public and private institutions, coupled with regulatory provisions that cater to the rapid expansion of smart grid networks.

The utility-scale power cable market in the Levant region is projected to achieve a CAGR of over 5.5% through 2032, attributed to increasing investments in infrastructure and energy projects, particularly in renewable energy.

Turkey power cable market is anticipated to exceed USD 4.5 billion by 2032, driven by the focus on infrastructure development for improving energy efficiency and expanding the electricity grid, along with population expansion.

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