Middle East Cables Market Size - By Voltage (Low, Medium, High, Extra High), By Application (Commercial, Industrial), Country Outlook & Forecast, 2024 – 2032

Middle East Cables Market Size

Middle East Cables Market was valued at USD 10.9 billion in 2023 and will grow at a CAGR of over 5% between 2024 and 2032, due to rapid urbanization, infrastructure development, and technological advancements. Major factors driving this expansion include substantial investments in smart cities, renewable energy projects, and the expansion of telecommunications networks. Countries like the UAE, Saudi Arabia, and Qatar are at the forefront, prioritizing the development of modern infrastructure to support economic diversification and digital transformation. For instance, According to GSMA, the Gulf Cooperation Council states are expected to achieve the highest rates of 5G adoption globally by 2030.
 

In recent years, there has been a concerted effort by cloud and content providers to expand their user bases and deliver dependable, high-bandwidth services. This trend has fuelled increased interest in submarine infrastructure to meet the growing demand for reliable connectivity and data transfer capabilities. Additionally, the rise in energy demand necessitates enhanced power distribution networks, boosting the demand for power cables. The push towards renewable energy sources such as solar and wind also fuels the market, as these projects require extensive cabling solutions.
 

Middle East Cables Market Trends

The Middle East is witnessing substantial investments in infrastructure, driven by government initiatives and mega projects. Countries like Saudi Arabia, the UAE, and Qatar are leading the charge with ambitious projects such as Saudi Vision 2030, the Dubai Expo 2020 (held in 2021 due to the pandemic), and Qatar’s infrastructure upgrades for the FIFA World Cup 2022. These projects demand extensive use of power and communication cables, fueling market growth.
 

The adoption of advanced technologies such as smart grids, IoT (Internet of Things), and 5G networks is accelerating in the Middle East. These technologies require sophisticated cabling systems for efficient connectivity and data transmission. The roll-out of 5G networks, in particular, is boosting the demand for high-performance fiber optic cables. The region’s energy sector, including oil, gas, and renewable energy projects, is a significant driver of the cable market. There is a growing focus on diversifying energy sources with considerable investments in renewable energy projects like solar and wind farms. This transition necessitates advanced cabling solutions to support the new energy infrastructure.
 

Middle East Cables Market Analysis

Based on voltage, the low voltage segment is expected to cross USD 7.4 billion by 2032, on account of their extensive use in residential buildings for power distribution, lighting, and domestic appliances. The increasing number of housing projects to accommodate the growing population fuels the demand for low voltage cables. The Middle East is at the forefront of developing smart cities, integrating advanced technologies to improve urban living standards. Low voltage cables play a critical role in smart city infrastructure, supporting applications like smart lighting, energy management systems, and communication networks. These initiatives significantly boost the demand for low voltage cables.
 

Based on application, the commercial segment is anticipated to register CAGR of 4% through 2032, since the construction of commercial buildings, including office spaces, shopping malls, hotels, and mixed-use developments, is on the rise. These projects require extensive cabling solutions for electrical, data, and communication needs, thereby boosting demand for cables in the commercial sector. There is a growing trend towards smart buildings that incorporate advanced technologies for automation, energy management, and security, driving the demand for high-quality cables.
 

Saudi Arabia cables market is projected to surpass USD 6 billion by 2032, since the Saudi Vision 2030 initiative is a comprehensive plan to diversify the economy and reduce dependency on oil. This vision includes massive infrastructure projects such as NEOM, the Red Sea Project, and the Qiddiya entertainment city. These projects require extensive cabling solutions for power, data, and communication networks, driving substantial demand for cables. Similarly, countries including UAE, Egypt, Turkey are leading to significant residential construction. The development of new housing projects and the expansion of existing urban areas in these countries require a large volume of low and medium voltage cables for electrical distribution, contributing to market growth.

The Middle East is a major hub for tourism, with countries like the UAE, Saudi Arabia, and Qatar investing heavily in their hospitality sectors. The construction of new hotels, resorts, and entertainment venues to attract tourists generates significant demand for commercial cabling solutions.
 

Middle East Cables Market Share

Companies like Saudi Cables Company, Riyadh Cables, and Bahra Electric hold significant revenue share in the Middle East cables industry due to their comprehensive product portfolios, strong regional presence, and extensive experience. They benefit from advanced manufacturing facilities and technological capabilities, ensuring high-quality and reliable products. Their strategic involvement in major infrastructure projects, supported by government initiatives like Saudi Vision 2030, positions them as preferred suppliers.
 

Middle East Cables Market Companies

• Bahra Electric
• Belden
• Dubai Cables Company
• Elsewedy Electric
• Fahad Cables
• HELLUKABEL
• Nexans
• Prysmian Group
• Riyadh Cables
• Saudi Cables Company
• Sumitomo Electric
   

Middle East Cables Industry News

• In January 2023, Cable Manufacturers from Saudi Arabia, Riyadh Cables, has announced its agreement with Wafaa AI-Furat Company, Iraq base supplier, to supply electrical accessories and components of worth of above 25 million.
   

This Middle East cables market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2032, for the following segments:

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Market, By Voltage

• Low
• Medium
• High
• Extra High

Market, By Application

• Commercial
• Industrial

The above information has been provided for the following regions across the countries:

• Saudi Arabia
• Qatar
• UAE
• Egypt
• Kuwait
• Iraq
• Rest of Middle East