GCC Wires and Cables Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The GCC Wires and Cables Market is anticipated to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. Wires & cables are a crucial part of infrastructure development. Hence, rapid infrastructural developments across GCC nations are projected to drive the market. In addition to this, various government initiatives and emphasis on generating power from renewable sources have also fueled the adoption of wires & cables.
Markntel Advisor’s GCC Wires and Cables Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, GCC Wires and Cables Market drivers, barriers, GCC Wires and Cables Market Trends, and Key Players in GCC Wires and Cables Market.
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GCC Wires and Cables Market Dynamics: 2024-2030
GCC Wires and Cables Market Driver:
Increasing Demand for Wires & Cables in Industrial Sector – Rapid urbanization across the GCC region is escalating the need for constructing more residential & commercial spaces. This astronomical increase in construction projects is fueling the demand for wires & cables to fulfill the increasing power requirements. Besides, the need for power grid interconnection in densely populated areas is also propelling the demand for wires & cables. Moreover, rising developments in the industrial sector are amongst other crucial factors boosting the market growth, owing to the increasing requirement of high-voltage cables in industries like oil & gas, aerospace, and telecommunication.
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GCC Wires and Cables Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Type
- Data Cables- Market Size & Forecast 2019-2030, Thousand Tons
- Coaxial Cable- Market Size & Forecast 2019-2030, Thousand Tons
- Signal Cable- Market Size & Forecast 2019-2030, Thousand Tons
- Power Cable – >1kV, MV, HV, EHV- Market Size & Forecast 2019-2030, Thousand Tons
- Low Voltage Energy <1kV- Market Size & Forecast 2019-2030, Thousand Tons
- Fire Resistant Cables- Market Size & Forecast 2019-2030, Thousand Tons
- By Installation
- Overhead- Market Size & Forecast 2019-2030, Thousand Tons
- Underground- Market Size & Forecast 2019-2030, Thousand Tons
- By Material
- Copper- Market Size & Forecast 2019-2030, Thousand Tons
- Glass- Market Size & Forecast 2019-2030, Thousand Tons
- Aluminium- Market Size & Forecast 2019-2030, Thousand Tons
- By End Users
- Residential- Market Size & Forecast 2019-2030, Thousand Tons
- Commercial- Market Size & Forecast 2019-2030, Thousand Tons
- Industrial- Market Size & Forecast 2019-2030, Thousand Tons
- Telecom- Market Size & Forecast 2019-2030, Thousand Tons
- Others- Market Size & Forecast 2019-2030, Thousand Tons
- By Country
- Saudi Arabia
- UAE
- Kuwait
- Bahrain
- Oman
- Qatar
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the GCC Wires and Cables Market:
- Riyadh Cable
- Al Fanar Electrical Systems
- Jeddah Cable
- Bahra Cable
- Dubai Cable
- National Cable Industry
- Power Plus Cables
- Oman Cables Industry (OCI)
- Doha Cables
- QICC Cables
- Others
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