Medium voltage cable market size is forecast to dominate revenue over the forecast timeframe.

1
Global Middle East Cable Market size, by
application, 2016 -2023
2
Global Market Scenario of Middle East Cable
Industry

• Middle East cable market will witness a strong
  presence over the coming timeframe due to heavy
  investments of Middle East countries in
  constructional and industrial activities.
• Strong inclination toward smart city development
  across regions such as Mohammad Bin Rashid City
  (UAE), Lusail City (Qatar), King Abdullah
  Economic City (KSA), and Basra New City (Iraq)
  will further fuel the industry growth.
• Sustainable energy and power generation
  projects, especially across Saudi Arabia and UAE,
  to meet the surging electricity demand is
  expected to be a key factor stimulating the
  industry. According to Global Market Insights,
  Inc., Middle East cable market having had USD
  6.33 billion in 2015, is forecast to cross over
  USD 11.5 billion at a CAGR of 8.4 over the
  period 2016-2023.

3
Continued...

• Medium voltage Middle East cable market accounted
  for the largest share in terms of revenue in
  2015, and is slated to remain in the dominant
  position with a projected annual growth rate of
  more than 8 over the next six years.
• With the growing adoption for HVDC and HVAC
  system, high voltage cable (HV cables) industry
  is also on a high demand. HV Middle East cable
  market contributed for more than 20 of the total
  volume in 2015, and is poised to grow
  substantially at a CAGR of 10.5 over 2016-2023.
• Middle east cable industry in commercial
  applications, worth over USD 3.81 billion in
  2015, will remain a major revenue generating
  segment over 2016-2023.

4
Saudi Arabia cable market size, by product, 2012
- 2023 (USD Million)
https//www.gminsights.com/industry-analysis/middl
e-east-cable-market
5

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6
360 Analysis

• Middle East Cable Market, By Product
• Middle East low voltage cable market size was
  valued at USD 1.84 billion in 2015, and is
  estimated to be worth around USD 3 billion by
  2023. These are majorly used for low power
  transmission applications in buildings, for
  internal wiring purposes and electric rooms.
  Surging automation due to mounting purchase power
  is forecast to propel growth from 2016 to 2023.
• Middle East Cable Market, By Application
• Commercial sector was valued at USD 3.81 billion
  in 2015 and is expected to contribute to majority
  of the overall revenue in the coming years. Swift
  infrastructure development and increased
  purchasing power are likely to propel growth.
• Regional Trends
• Saudi Arabia cable market was the largest
  regional segment and is expected to exhibit high
  growth prospects at 9 CAGR from 2016 to 2023.
  Booming infrastructure and construction projects
  across the region is predicated to augment growth
  over the next seven years.

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