Saudi Arabia Power Cables Market

Power cables are predominantly utilized for power transmission and conveyance reasons. It is a collection of at least one independently insulated electrical conductor, which is binded together with a sheath. Power cable is utilized for transmission and dissemination of electrical power. Electrical power cables might be fixed as lasting wiring within buildings, covered in the ground and run overhead or uncovered. Power cables are utilized for versatile gadgets, portable apparatuses and hardware. These are structured and made according to voltage, current to be carried and temperature it can withstand.

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The key factor propelling the growth of the power cables market include growing power transmission and distribution network in the country. In addition, rising government initiatives such as Saudi Vision 2030 and the National Transformation Programme 2020, that aim is to strengthen the public and private sector industries of the country which expected to increase the demand for Saudi Arabia power cables market. In addition, growing electricity consumption in the residential and commercial sector is expected to create demand for power cables during the forecast period. Implementation of smart grids and extensive government support may further increase the need for power cables in Saudi Arabia. In addition, Saudi Arabia Smart city project “NEOM” operates on renewable energy i.e. it has large wind turbines and big solar panels which requires a huge quantity of power cables and hence it is also contributing in the growth of the market. However, unstable prices of raw materials such as plastic and aluminium are hampering the market growth of overhead cable management solutions in the country.

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Based on voltage, low voltage cable segment is expected to grow at a higher CAGR during the forecast period owing to the increased development within the construction sector. The upcoming mega projects, development of smart cities and increase investment by the government on the construction sector are the major factors which will help the market to grow at the substantial rate during the forecast period. Sound and security, video surveillance, lighting, automation, and fire alarm, etc. are the major applications of low voltage power cables

Based on material, copper segment is expected grow at a higher CAGR during the forecast period owing to it’s increased usage in telecommunications and construction industry. In addition, the reliance on electric devices which use copper has been steadily growing within the residential and commercial end-users in the country

Based on application, construction segment is expected at a higher CAGR during the forecast period owing to the increasing number of infrastructure projects in the country. For instance, Saudi Arabia invested USD 23 billion in four urban development projects in Riyadh, which include King Salman Park, Green Riyadh, Sports Boulevard, and Riyadh Art. Additionally, Saudi Arabia plans to invest USD 36 billion for transportation -infrastructure projects, which include airports, railways, ports, and road

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Major players of the Saudi Arabia power cables market are focusing on expanding their customer base across the globe by leveraging on the strategic collaboration, joint venture, and partnership to increase their market share and their profitability. Various notable players operating in the market, include Riyadh Cables, Saudi Cables, Energya Cables Saudi Arabia, Nexans, Jeddah Cables Company, El Sewedy, Schneider Electric SE, Wahah Electric Supply Company of Saudi Arabia Ltd., Rescab and Alfanar among others

Key Development

• • In Jan 2019 , Larsen and Tourbo received a engineering, procurement, and construction (EPC) contract for building 115kV substations. Under this contract, the company will also provide transmission lines and cable circuits to the unit.

Saudi Arabia power cable market has been segmented based on voltage, material and application. Based on the voltage, the market is categorized into low voltage, medium voltage and high voltage. Based on the material, the market is segmented into copper and aluminium. Based on application, the market is segmented into power transmission, telecommunication, refineries and oil rigs, construction and others

Key questions answered in this research report:

• • At what pace is Saudi Arabia power cables market growing? What will be the Saudi Arabia power cables market forecast?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • Saudi Arabia various application areas and how they are poised to grow?

Market Segmentation:

Saudi Arabia Power Cables Market by Voltage

• • Low Voltage
  • Medium Voltage
  • High Voltage

Saudi Arabia Power Cables Market by Material

• • Copper
  • Aluminium

Saudi Arabia Power Cables Market by Application

• • Power Transmission
  • Telecommunication
  • Refineries and Oil Rigs
  • Construction
  • Others

Leading market players (Option: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Riyadh Cables
  • Saudi Cables
  • Energya Cables Saudi Arabia
  • Nexans
  • Jeddah Cables Company
  • El Sewedy
  • Schneider Electric SE
  • Wahah Electric Supply Company of Saudi Arabia Ltd.
  • Rescab
  • Alfanar