Middle East Cables Market Size To Reach $15.52 Billion By 2030

Middle East Cables Market Growth & Trends

The Middle East cables market size is expected to reach USD 15.52 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030, according to a new report 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 the UAE.

Increasing government investments for economic and infrastructure growth is expected to provide avenues to the Middle East cables market. Further, a 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. An increase in power transmission demand for organizing the FIFA World Cup 2020 in Qatar is providing avenues to the Middle East cables market.

The 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 challenges 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.

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Middle East Cables Market Report Highlights

• The low voltage segment led the market with a revenue share of 43.2% in 2023. Growing population in the region necessitates increased housing projects, driving demand for low-voltage cables.

• The extra high voltage segment is expected to register the fastest CAGR of 7.3% during the forecast period.

• Commercial application held the highest market share of 64.5% in 2023. The Middle East has witnessed rapid urbanization, with cities such as Dubai, Abu Dhabi, Riyadh, and Doha experiencing significant population growth and infrastructure development.

• Industrial application is expected to register the fastest CAGR of 5.5% over the forecast period. The Middle East has undergone rapid industrialization in oil and gas, manufacturing, and construction, driving demand for improved power transportation and essential services.

• Saudi Arabia cables market dominated the Middle East cables market with a market share of 34.6% in 2023. The cables market in Qatar is expected to register the fastest CAGR of 6.1% between 2024 and 2030.

Middle East Cables Market Segmentation

Grand View Research has segmented Middle East cables market report based on application, voltage, and region:

Middle East Cables Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial

• Industrial

Middle East Cables Voltage Outlook (Revenue, USD Million, 2018 - 2030)

• Low

• Medium

• High

• Extra High

Middle East Cables Country Outlook (Revenue, USD Million, 2018 - 2030)

• Saudi Arabia

• UAE

• Qatar

• Egypt

List of Key Players of Middle East Cables Market

• Bahra Electric

• Belden Inc.

• Ducab

• ElsewedyElectric.com

• FAHAD CABLES INDUSTRY FZE (UAE)

• HELUKABEL GmbH

• Nexans

• Prysmian S.p.A.

• Riyadh Cables

• Saudi Cable Company

• Sumitomo Electric Industries, Ltd.