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Middle East Cables Market Trends

Report ID: GMI450
Published Date: Jun 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of Middle East cables was recorded USD 10.9 billion in 2023 and will exhibit 5% CAGR from 2024 to 2032, attributed to rapid infrastructure development and increasing investments in renewable energy projects.

Middle East cables market from the commercial segment will register 4% CAGR through 2032, due to extensive infrastructure projects and expansion in hospitality, healthcare, and educational sectors.

Saudi Arabia cables industry size will reach USD 6 billion by 2032, fueled by the country's substantial investments in infrastructure and construction projects as well as focus on diversifying its economy and renewable energy installations.

Major firms operating in the Middle East cables market are Bahra Electric, Belden, Dubai Cables Company, Fahad Cables, HELLUKABEL, Nexans, Prysmian Group, Riyadh Cables, Saudi Cables Company, and Sumitomo Electric, among others.