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Middle East Cable Market size is forecast to reach USD . billion by ; as per a new research report by Global Market Insights, Inc.Growing applications across the utility and industrial sector coupled with product and technology innovation is expected to catapult demand across Saudi Arabia and UAE. Increased energy demand on account of considerable infrastructure activities is also projected to drive Middle East cables market size.Request for a sample of this research report bit.lydMuD Since these products find use in buildings, underground wiring as well as overhead applications, technology advancements across the core electronics and telecommunication sectors are poised to augment potential use cases. Crosslinked polyethylene (XLPE) and tree retardant (TR) insulation consumption is on the rise due to growing demand for submerged cables that utilize these materials.

Lightweight LVDC high temperature superconductor (HTS) upgrades along with other technological advancements across commercial applications are forecast to help enhance transmission efficiency. Increased number of power projects coupled with the presence of aging equipment that requires replacement and upgrades will propel Middle East cable market revenue in the coming years. Volatile raw material costs may result in unfavorable Middle East cable market price trend, and restrain growth. The need to increase grid interconnection in the industrial sector is expected to give impetus to new overhead transmission lines.Make an inquiry for purchasing this report  bit.lydgyTvQKey insights from the report includeHigh voltage cable market share contributed over to the overall revenue in , with . CAGR estimations from to .

This is primarily due to increased penetration across submarine use cases backed by reinforcements of national interconnects, strengthening of regional transmission and increasing offshore wind projects. Medium voltage cable market size is forecast to dominate revenue over the forecast timeframe. Increased adoption across the railway industry and significant consumer base are the major growth drivers for this segment. The real estate construction boom will be pivotal in driving the LV cable market. All member countries of the GCC are expected to be connected via overhead EHV cables. Commercial applications will continue leading the industry in the coming years. The industrial sector will grow at . CAGR expectations from to . Saudi Arabia cable market share is forecast to reach USD billion by . The industry in UAE was valued at over USD . billion in .

Companies operating in the industry are vertically integrated; key players include Ducab, El Sewedy, Riyadh Cables, Saudi Cables, etc. Ducab is engaged in numerous projects, and has major contracts with regional utilities. place emphasis on RD in order to stay aligned with the industry scenario and ensure product differentiation. Possible obsolescence owing to the development of new products poses a threat to participants.About Global Market InsightsGlobal Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. China Copper Mylar Manufacturers Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.