Middle East & Africa Power and Control Cable Market
Get a free sample of this report
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Middle East & Africa Power and Control Cable Market was valued at USD 16.9 billion in 2023 and is anticipated to grow at a CAGR of over 6.9% between 2024 and 2032, driven by the increasing investments in infrastructure, energy-efficient reforms, and integration of digitized monitoring and control systems.
Additionally, increasing investments in renewable energy projects, stringent regulatory standards, and advancements in cable technology are driving market growth. For instance, in 2023, the Dubai Electricity and Water Authority awarded a contract of USD 237 million to Siemens Energy for designing, supplying, and installation of a high-voltage cable system. This project aims to enhance the efficiency and reliability of Dubai's electricity transmission network, supporting increasing energy demand and sustainable development goals.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Middle East & Africa Power and Control Cable Market size in 2023: | USD 16.9 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2023 - 2032 CAGR: | 6.9 |
2023 Value Projection: | USD 31.3 Billion |
Historical Data for: | 2019 to 2023 |
No of Pages: | 190 |
Tables, Charts & Figures: | 212 |
Segments Covered: | Product, Voltage, Application |
Growth Drivers: |
|
Pitfalls Challenges: |
|
The COVID-19 pandemic has affected the Middle East & Africa power and control cable market, causing disruptions in supply chains, project delays, and reduced construction activities. However, the market has shown resilience, with increased investments in infrastructure projects, particularly in renewable energy and smart grid initiatives, driving recovery and growth amidst the ongoing challenges posed by the pandemic.
Middle East & African countries are laying more emphasis on renewable energy integration along with smart grid infrastructure, which in turn is driving the demand for power and control cable. Investment in smart grid infrastructure enables real-time monitoring and control of power distribution, enhancing the efficiency of integration. Saudi Arabia is actively investing across smart grid initiatives to support its ambitious renewable energy goals. For instance, in 2023, the country announced plans to invest USD 3.2 billion in smart grid development. This initiative aligns with the Saudi Vision 2030, which aims to diversify the economy, reduce dependence on fossil fuels, and generate 50% electricity from clean sources by 2030.
Based on product, the power cable segment is projected surpass USD 27 billion in 2032. Rapid infrastructure development including residential, commercial, and industrial projects, necessitates reliable power transmission systems, thereby increasing the product demand. Aging power infrastructure in the region is being replaced and upgraded, driving significant demand for power cables to improve efficiency and reliability. Furthermore, governments in the region are actively investing in power infrastructure development and promoting energy-efficient solutions, contributing to the adoption of advanced power cables.
The medium voltage segment is anticipated to grow at a CAGR of over 6.5% through 2032, fuelled by its extensive applications in residential, commercial, and industrial sectors. These cables are widely used for power distribution in urban areas, shopping centres, and office buildings, driving their demand across industries. Governments in the region focus on upgrading power distribution networks and implementing clean energy initiatives, requiring medium voltage cables for efficient energy transmission. Their flexibility, compatibility, and cost-effectiveness make medium voltage cables the preferred choice, boosting their market share and cementing their significance in the region's energy landscape.
Egypt power and control cable market is estimated to reach USD 6 billion by 2032, owing to country’s rapidly growing economy and large population, which in turn is driving the demand for electricity and infrastructure development, thus making the country an attractive market for power cable manufacturers and investors. Its strategic location and access to regional markets further contribute to its dominance in the market. The government's focus on energy-efficient infrastructure development also plays a significant role in boosting the demand for power and control cables.
In addition, the ongoing regional interconnection projects, including Egypt-Sudan Electricity Interconnection Project and Egypt-Saudi Arabia Interconnection Project will boost the industry landscape. These initiatives promote regional collaboration and drive demand for these cables.
Prysmian Group holds a significant share in the Middle East & Africa power and control cable industry due to its extensive product portfolio, advanced technologies, and established regional presence. With a reputation for quality and reliability, Prysmian Group caters to diverse market needs, securing its position as a leading supplier in the region.
Major key players operating across the Middle East & Africa power and control cable industry are:
Market, By Product
Market, By Voltage
Market, By Application
The above information has been provided for the following countries:
Bahra Electric, Belden Inc., Ducab, Energya Cable, HELUKABEL Middle East DWC LLC, KEI Industries Limited, KEC International Limited, LS Cable & System Ltd., NKT A/S, Nexans, Power Plus Cables Co. L.L.C., Prysmian Group, and Riyadh Cables.
Egypt power and control cable market is predicted to surpass USD 6 billion by 2032, owing to country
The power cable segment of MEA power & control cable industry is projected to be worth over USD 27 billion in 2032, favored by rapid infrastructure development including residential, commercial, and industrial projects.
The market size of Middle East & Africa power and control cable was reached USD 16.9 billion in 2023 and is anticipated to record a CAGR of 6.9% through 2032, propelled by the increasing investments in infrastructure, energy-efficient reforms, and integration of digitized monitoring & control systems.