Saudi Arabia Wires And Cables Market Outlook (2022-2028) | Size, Share, industry, Growth, Revenue, Analysis, Forecast, Value, Outlook & COVID-19 IMPACT

The Saudi Arabia Wires And Cables Market report thoroughly covers the market by voltage, installation, product, material, end-users, and regions including central, western, southern, and eastern regions. The Saudi Arabia wires and cables market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia wires and cables market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Wires and Cables Market Synopsis

Saudi Arabia Wires and Cables Market is anticipated to register significant growth during the forecast period due to Increasing construction activities, the establishment of business hubs, industries and infrastructure development programs which has amplified the demand for wires and cables across the kingdom of Saudi Arabia. Further, government initiatives such as Saudi Arabia Vision 2030 and a shift of focus of the Saudi government towards tourism and transportation would positively influence the growth of the Saudi Arabia Wires and Cables market during the forecast period. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.

According to 6Wresearch, Saudi Arabia Wires and Cables Market size is projected to grow at CAGR of 6.2% during 2020-2026. The wires and cables market in the region registered a decline during the first half of 2020 on account of the global economic slowdown caused by COVID-19, however, the aforementioned market is expected to recover post-2020. Saudi Arabian government is taking major steps to strengthen non-oil sectors due to the recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With the expected recovery of crude oil prices and growth in public infrastructure development in the next few years, the market for wires and cables would rebound during the forecast period.

Market Analysis by Voltage

On the basis of voltage, low voltage segment has gained majority of the market share in the overall market revenues in 2019. High demand for high voltage cables from end-users such as telecom, power distribution, oil & gas, and aerospace & Defense sector is expected to be the major factors responsible for the growth of wires and cables over the forecast period. Furthermore, trends in the market such as polymer optic fiber products being widely used in automotive, aircraft manufacturing, electronics, and other industries apart from the telecommunications industry are also bound to increase the wires and cables market of Saudi Arabia during the forecast period.

Market Analysis by Installation

On the basis of installation, the overhead cables would show dominance in the Saudi Arabia wires and cables market revenues in 2019 although the underground cables would show the maximum growth owing to increase in the adaptability of underground systems along with maintenance cost benefits

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2020.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Historical data of Saudi Arabia wires and cables market revenues for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, until 2026F
• Historical data of Saudi Arabia wires and cables market revenues, by voltages, for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, by voltages, until 2026F
• Historical data of Saudi Arabia wires and cables market revenues, by installation, for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, by installation, until 2026F
• Historical data of Saudi Arabia wires and cables market revenues, by products, for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, by products, until 2026F
• Historical data of Saudi Arabia wires and cables market revenues, by material, for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, by material, until 2026F
• Historical data of Saudi Arabia wires and cables market revenues, by end user, for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, by end user, until 2026F
• Historical data of Saudi Arabia wires and cables market revenues, by region, for the period 2016-2019
• Saudi Arabia wires and cables market size and market forecast of revenues, by region, until 2026F
• Market Drivers and Restraints.
• Market Trends and Developments.
• Player Market Share and Competitive Landscape.
• Company Profiles.
• Strategic Recommendations.

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Voltages
• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

• By Installation
• Overhead
• Underground
  
  
• By Products
• Fiber Optic Cable
• Co-Axial Cable
• Other Cables

• By Material
• Copper
• Aluminum
• Glass

• By End Users
• Aerospace & Defense
• Building & Construction
• Oil & Gas
• Energy & Power
• IT & Telecommunication
• Others

• By Region
• Central
• Western
• Eastern
• Southern

 Frequently Asked Questions About the Market Study:

• Does the report consider COVID-19 impact?
  The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

• How much growth is expected in the Saudi Arabia Wires and Cables Market over the coming years?
  The Saudi Arabia Wires and Cables Market revenue is anticipated to record a CAGR of 6.2% during 2020-2026.

• Which segment has captured key share of the market?
  Low voltage cables segment is the leading market segment in the overall market revenues in the year 2019.

• Which segment is exhibited to gain traction over the forecast period?
  Overhead cables segment is expected to record key growth throughout the forecast period 2020-2026.

• Who are key the key players of the market?
  The key players of the market include- Alfanar Group, Saudi Cable Company, Riyadh Cables Group Company, Bahara Cables, Jeddah Cables, Elsewedy Cables, MESC Cables

• Is customization available in the market study?
  Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements

• We also want to have market reports for other countries/regions.
  6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

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