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Middle East & Africa Power and Control Cable Market
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.
How big is Middle East & Africa power and control cable market?
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.
Why is the demand of power cables growing in Middle East & Africa?
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.
Why is Egypt power and control cable industry growing?
Egypt power and control cable market is predicted to surpass USD 6 billion by 2032, owing to country
Who are the major key players involved in MEA power and control cable market?
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.