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@ https://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.
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
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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