San Francisco, 15 January 2019: The Report Middle East Cables Market Analysis By Product (Low-Voltage, Medium-Voltage,
High-Voltage, Extra High-Voltage), By Application (Commercial, Industrial) And
Segment Forecasts To 2020
The Middle East cables market is expected to reach USD 9.33 billion by 2020, according
to a new study by Grand View Research, Inc. Growing preference towards tree
retardant XLPE material is anticipated to spur market growth over the forecast
period. New product and technology innovation is expected to catapult the
demand across mature markets such as Saudi Arabia and UAE.
Increasing government investments for
economic and infrastructure growth is expected to provide avenues to the Middle
East cables market. Further, tremendous increase in energy demand owing to
ongoing infrastructure activities for Dubai Expo 2020 is also expected to drive
regional market growth over the next six years. Increase in power transmission
demand for organizing the FIFA World Cup 2020 in Qatar is providing avenues to
the Middle East cables market.
Emergence of technologically advanced
materials such as LVDC high temperature superconductor (HTS) cable is expected
to assist market growth. Stringent regulations and several government
initiatives with various national development projects are expected to be the
key forces driving the Middle East cables market. Volatile prices of key raw
materials such as copper and aluminum are anticipated to remain key challenge
for market participants. However, technological advancements and innovations to
develop eco-friendly, low cost and efficient cables are further expected to
serve as growth opportunities for market growth.
Access
Research Report of Middle East Cables Market@ www.grandviewresearch.com/industry-analysis/middle-east-cables-market
Further key findings from the study suggest:
· Medium-voltage cables accounted for
majority of the market share in 2013, and increasing deployment of XLPE raw
materials in medium-voltage cables is expected to drive to be a key growth
driver.
· High-voltage cables segment is expected to
witness significant growth through the forecast period. This growth can be
attributed to a number of macro-market drivers such as growing number of
turnkey projects, need for safe transmission, increasing offshore wind
projects, and growing demand for underground transmission.
· The commercial segment accounted for over
60% of the overall market share in 2013. Rapid infrastructure development,
drawing huge investment from the GCC participants is expected to drive market
demand in commercial sector. Growing urbanization is expected to support the
infrastructure development in the emerging economies.
· Saudi Arabia accounted for over 35% of the
overall market share in 2013 and is expected to witness high growth owing to
the expansion of commercial and industrial sectors.
· Notable companies operating in the Middle
East cables market include Riyadh Cables, El-Sewedy, Oman Cables, Saudi Cables
and Ducab.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/construction-and-utilities
Grand View Research has segmented the
Middle East cables market on the basis of product, application and region:
Middle East Cables Product Outlook
(Revenue, USD Million, 2012 - 2020)
·
Low-Voltage
·
Medium-Voltage
·
High-Voltage
·
Extra High-Voltage
Middle East Cables Application Outlook
(Revenue, USD Million, 2012 - 2020)
·
Commercial
·
Industrial
Middle East Cables Regional Outlook
(Revenue, USD Million, 2012 - 2020)
·
Saudi Arabia
·
Qatar
·
UAE
·
Egypt
Access Press Release of
Middle East Cables Market@ www.grandviewresearch.com/press-release/middle-east-cables-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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