Overview of the GCC Wires and Cables Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “GCC Wires and Cables Market By Material (Copper, Glass, Aluminum), By End-Users (Residential, Commercial, Industrial, Telecom, Others), By Installation (Overhead, Underground), By Type (Data, Fire resistance, Coaxial, Signal, Power Cable - >1kV, MV, HV, EHV, Low Voltage Energy <1kV) and Others, The GCC Wires and Cables Market is anticipated to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
GCC Wires and Cables Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-30): 15%
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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.
A Comprehensive Analysis of Leading Companies of GCC Wires and Cables Market by MarkNtel Advisors:
- 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
Key GCC Wires and Cables Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/gcc-wires-and-cables-market.html
-By Material
- Copper
- Glass
- Aluminum
Based on the material, copper is projected to hold the largest share of the GCC Wires and Cables Market during the forecast period.
-By Installation
- Overhead
- Underground
Based on Installation, Overhead installation acquires the largest share of the GCC Wires and Cables Market.
-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 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
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.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
Note: If you need additional information not included in the report, we can customize it to suit your requirements.
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 150+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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