GCC Wires and Cables Market Trends set to witness Explosive growth by 2030

GCC Wires and Cables Market Overview:

According to MarkNtel Advisors study 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.

Key Findings of the Study: GCC Wires and Cables market

GCC Wires and Cables Market Key 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.

Access Free Sample Report – https://www.marknteladvisors.com/query/request-sample/gcc-wires-and-cables-market.html

Scope of the GCC Wires and Cables Market Report Segmentation

-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

For more detailed information about the GCC Wires and Cables market report, click here – https://www.marknteladvisors.com/research-library/gcc-wires-and-cables-market.html

Geographical analysis:

-By Country

Saudi Arabia
UAE
Kuwait
Bahrain
Oman
Qatar

Of them all, Saudi Arabia captures the largest share of the GCC Wires & Cables Market. Its major income-generating sector is the oil industry. Hence, to reduce dependency on the oil sector & diversify income resources, the Saudi government and leading authorities are encouraging infrastructural & industrial developments within the country. As a result, growing infrastructural developments are likely to increase the number of construction projects, which, in turn, will fuel the demand for wires & cables across the residential, industrial, & commercial sectors, thereby fueling the market growth.

Current Landscape of GCC Wires and Cables Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Wires and Cables market. The research report profiles major players, including

Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/gcc-wires-and-cables-market.html

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

Related Reports

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Comments

Leave a Reply Cancel reply