+1-888-308-5802     
News Contact Us

Middle East Cable Market 2019 analysis by trends, top key players & forecast to 2024

Author : Rahul Sankrityayan | Published Date : 2019-06-24 

Global Market Insights delivers significant information and realistic data of the Global Middle East Cable Market. The report presents a deep study of the market growth factors and drivers, In-depth research of the Middle East Cable Market industry limitations and the opportunities enable the user to make the future projection.

Rapid urbanization and industrialization across the Middle East region will propel the Middle East Cable Market Size significantly over the coming years. The middle east countries are relieving their economic dependency on gas and oil reserves gradually by focusing on tourism and transportation, which will considerably influence the middle east cable industry share. According to report by Global Market Insights, Inc., “Middle east cable market collected a revenue of USD 6.33 billion in 2015 and is anticipated to be worth more than USD 11.5 billion by 2023.” The smart city development projects across the regions such as Mohammad Bin Rashid City (UAE), King Abdullah Economic City (KSA), Basra New City (Iraq), and Lusail City (Qatar) will generate profitable demand for cables over the coming years. In addition, ongoing and planned infrastructure & construction developments, which is estimated to cost around USD 1 trillion by 2023 will further boost middle east cable industry trends noticeably.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/450

Key applications areas of the Middle East cable market are commercial and industrial sectors. Dynamically increasing infrastructure development activities will fuel middle East cable industry size across commercial application, which surpassed a revenue of USD 3.5 billion in 2015. The industrial applications will generate an annual growth rate of 8.5% over the coming period of 2016 to 2023.

Middle East cable product is primarily segmented into extra high voltage, high voltage, medium voltage, and low voltage cables. The medium voltage cable contributed extensively towards the market share in 2015 and is projected to exhibit a CAGR of more than 8% over the coming six years, owing to its growing demand across the railway industry. The low voltage cable worth USD 1.84 billion in 2015 and is expected to collect a revenue of more than USD 3 billion by 2023. The surging requirement of these cables for low power transmission areas such as electric rooms and internal wiring will influence middle east cable market considerably.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/450

High voltage middle east cable industry accounted for over 20% total market share in 2015 and is estimated to register a CAGR of 10.5% over the coming six years, primarily driven by large number of ongoing & upcoming wind projects, where cables are used extensively.

 Saudi Arabia cable industry size is predicted to witness a CAGR of 9% over the coming years of 2016 to 2023

Saudi Arabia market contributed majorly towards the regional revenue share and is anticipated to collect a revenue of USD 5 billion by 2023. The growing number of construction projects will drive middle east cable market size notably over the coming timeline.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/middle-east-cable-market

UAE cable industry accounted for USD 1.6 billion in 2015 and will exhibit lucrative growth rate, owing to the escalating industrialization across this region.

The market players will significantly increase their investment in R&D activities over the coming years with an aim to improve their product and solution portfolio.  Key middle east cable industry players include Riyadh Cables, Elsewedy Electric, Oman Cables, Saudi Cable Company, Ducab Finolex, Belden, Fujikura, Okonite Company, Encore Wire Corporation, Sumitomo Electric Industries, Furukawa Electric Co., Ltd., Prysmian Group, General Cable, and Southwire Company, LLC.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

Related News

Power Rental Market: Technological Advancement & Growth Analysis with Forecast to 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

Power Rental Market Report focuses on the major drivers and restraints for the key players. These Research Report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Power Rental Market Research Report is a professional and i... Read More

Nuclear Waste Management Market 2019 Global Industry Analysis Application, Growth, Technologies, Competitive Analysis and Forecast to 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

Nuclear Waste Management Market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Global Nuclear Waste Management Market size is set to witness substantial growth during the fore... Read More

Precious Metals Market 2019 Share, Trends, Growth rate, Industry Forecast To 2025

Published Date: 2019-10-11         Author: Rahul Sankrityayan

This report studies the Precious Metals Market  status and outlook of global and major regions, from angles of players, regions, product types and end industries; this report analyzes the top players in global and major regions and splits the Global XX market by product type and applications/en... Read More

© 2019 Fractovia. All Rights Reserved