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Levant Power Cable Market Trends

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

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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.

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.