Market Forecast By Voltage (Low Voltage, Medium Voltage, High Voltage, and Extra High Voltage), By Products (Multi-Conductor, Twisted Pair, Coaxial and Fibre Optics), By Installations (Overhead and Underground), By Materials (Copper, Aluminum, and Glass), By Applications (Residential, Commercial, Industrial, Energy and Power, IT and Telecommunication and Others ((Hospitality, Healthcare, Aerospace, etc.)) And Competitive Landscape
Product Code: ETC002254 | Publication Date: Dec 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Wires And Cables market currently, in 2023, has witnessed an HHI of 1697, Which has increased slightly as compared to the HHI of 1547 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia wires and cables market report thoroughly covers the market by voltage, installation, product, material, end users and regions including central region, western region, southern region, and eastern region. The Saudi Arabia wires and cables market outlook report provides an unbiased and detailed analysis of the ongoing 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 has been experiencing strong growth and is projected to register substantial growth during the forecast period on the back of the establishment of business hubs, rising construction activities, and industries and infrastructure development programs. The market is also coming across many challenges that can pose its growth in the years to come.
According to 6Wresearch, Saudi Arabia Wires and Cables Market size is anticipated to rise at a CAGR of 7.5% during 2024-2030. Increasing construction activities, the establishment of business hubs, industries and infrastructure development programs have 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 on tourism and transportation would positively influence the Saudi Arabia Wires and Cables market growth. The Saudi Arabian government is taking major steps to strengthen the 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 would rebound during the forecast period. The market is also facing certain challenges that can limit its growth. Expanding competition from international companies is one significant challenge is one of the major challenges facing the market. In addition, a lack of skilled workforce is also a major challenge that may create challenges for players to maintain the quality of their products.
There are numerous major companies in Saudi Arabia's wires and cables market, including the likes of Saudi Cable Company, Nexans, and Riyadh Cables Group of Companies. Saudi Cable Company is the dominating manufacturer of electrical cables and overhead transmission lines in the Middle East, while Riyadh Cables Group of Companies is one of the significant manufacturers of cables and wires in Saudi Arabia. Nexans is another significant company in the country's wires and cables industry, providing a wide range of cables and cable solutions for different applications.
The Saudi Arabian government has been enthusiastically contributing to the growth of the wires and cables industry by accenting the need for a reliable as well as robust electrical network infrastructure in order to support the country's economic growth. The countryβs government has initiated many programs in order to promote sustainable development, like the Green Building Regulations and the Energy Efficiency Program (EEP) in the Kingdom. These programs by the government have increased the demand for wires and cables that are energy-efficient and comply with international standards.
According to Shubham Deep, Senior Research Analyst, 6Wresearch, high demand for high voltage cables from the end users such as telecom, power distribution, oil and gas, and aerospace and defence are expected to be the major factors responsible for the growth of the wires and cables over the forecast period.Β Polymer optic fibre under the product segment is widely being used in the automotive, aircraft manufacturing, electronics and other industries apart from the telecommunications industry.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Saudi Arabia Wires & Cables Market Overview |
3.1. Saudi Arabia Wires and Cables Market Revenues & Volumes, 2020-2030F |
3.2. Saudi Arabia Wires and Cables Market-Industry Life Cycle |
3.3. Saudi Arabia Wires and Cables Market-Porterβs Five Forces |
3.4. Saudi Arabia Wires and Cables Market Revenues & Volumes Share, By Voltage Types, 2020 & 2030F |
3.5. Saudi Arabia Wires and Cables Market Revenue Share, By Installation Types, 2020 & 2030F |
3.6. Saudi Arabia Wires and Cables Market Revenue Share, By Material Types, 2020 & 2030F |
3.7 Saudi Arabia Wires and Cables Market Revenue Share, By Applications, 2020 & 2030F |
3.8 Saudi Arabia Wires and Cables Market Revenue Share, By Regions, 2020 & 2030F |
4. Saudi Arabia Wires & Cables Market COVID-19 Impact Analysis |
5. Saudi Arabia Wires & Cables Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. Saudi Arabia Wires & Cables Market Trends |
7. Saudi Arabia Wires & Cables Market Overview, By Voltage |
7.1. Saudi Arabia Wires & Cables Market Revenues and Volumes, By Low Voltage, 2020 & 2030F |
7.2 Saudi Arabia Wires & Cables Market Revenues and Volumes, By Medium Voltage, 2020 & 2030F |
7.3 Saudi Arabia Wires & Cables Market Revenues and Volumes, By High Voltage, 2020 & 2030F |
7.4 Saudi Arabia Wires & Cables Market Revenues and Volumes, By Extra High Voltage, 2020 & 2030F |
8. Saudi Arabia Wires & Cables Market Overview, By Installation Type |
8.1 Saudi Arabia Wires & Cables Market Revenues, By Overhead, 2020-2030F |
8.2 Saudi Arabia Wires & Cables Market Revenues, By Underground, 2020-2030F |
9. Saudi Arabia Wires & Cables Market Overview, By Material Type |
9.1 Saudi Arabia Wires & Cables Market Revenues, By Copper, 2020-2030F |
9.2 Saudi Arabia Wires & Cables Market Revenues, By Aluminium, 2020-2030F |
9.3 Saudi Arabia Wires & Cables Market Revenues, By Glass, 2020-2030F |
10. Saudi Arabia Wires & Cables Market Overview, By Applications |
10.1 Saudi Arabia Wires & Cables Market Revenues, By Residential, 2020-2030F |
10.2 Saudi Arabia Wires & Cables Market Revenues, By Buildings and Commercial, 2020-2030F |
10.3 Saudi Arabia Wires & Cables Market Revenues, By Industrial, 2020-2030F |
10.4 Saudi Arabia Wires & Cables Market Revenues, By Power and Energy, 2020-2030F |
10.5 Saudi Arabia Wires & Cables Market Revenues, By IT & Telecommunications, 2020-2030F |
10.6 Saudi Arabia Wires & Cables Market Revenues, By Healthcare, 2020-2030F |
10.7 Saudi Arabia Wires & Cables Market Revenues, By Gaming & Amusements, 2020-2030F |
10.8 Saudi Arabia Wires & Cables Market Revenues, By Automotive, 2020-2030F |
10.8.1. Saudi Arabia Wires & Cables Market Revenues, By Light Automotive Vehicles, 2020-2030F |
10.8.2. Saudi Arabia Wires & Cables Market Revenues, By Heavy Automotive Vehicles, 2020-2030F |
10.8.3. Saudi Arabia Wire & Cables Market Revenues, By Electronic Automotive Vehicles, 2020-2030F |
10.8.4. Saudi Arabia Wires & Cables Market Revenues, By Motorbikes Automotive Vehicles, 2020-2030F |
10.8.5 Saudi Arabia Wires & Cables Market Revenues, By Others Automotive Vehicles, 2020-2030F |
10.9 Saudi Arabia Wires & Cables Market Revenues, By Others, 2020-2030F |
11. Saudi Arabia Wires & Cables Market Overview, By Regions |
11.1 Saudi Arabia Wires & Cables Market Revenues, By Northern, 2020 & 2030F |
11.2 Saudi Arabia Wires & Cables Market Revenues, By Central, 2020 & 2030F |
11.3 Saudi Arabia Wires & Cables Market Revenues, By Southern, 2020 & 2030F |
12. Saudi Arabia Wires & Cables Market- Key Performance Indicators |
13. Saudi Arabia Wires & Cables Market Opportunity Assessment |
13.1. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Voltage, 2030F |
13.2. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Installation, 2030F |
13.3. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Applications, 2030F |
13.4 Saudi Arabia Wires & Cables Market Opportunity Assessment, By Regions, 2030F |
14. Saudi Arabia Wires & Cables Market Competitive Landscape |
14.1. Saudi Arabia Wires & Cables Market Revenue Share, By Companies (2023) |
14.2. Saudi Arabia Wires & Cables Market Competitive Benchmarking, By Technical Parameters |
14.3. Saudi Arabia Wires & Cables Market Competitive Benchmarking, By Operating Parameters |
15. Saudi Arabia Wires & Cables Market Key Clients Identification |
16. Company Profiles |
16.1. Belden Inc. |
16.2. Fujikura Ltd. |
16.3. Furukawa Electric Co. Ltd. |
16.4. Leoni AG |
16.5. Leviton Manufacturing Co. |
16.6 LS Cables & System Ltd |
16.7 Molex Inc. |
16.8 Nexans |
16.9 Prysmian SpA |
16.10 Sumitomo Corporation |
16.11 Viakable S.A. de C.V |
17. Key Strategic Recommendations |
18. Disclaimer |
List of Figures |
1. Saudi Arabia Wires and Cables Market Revenues & Volumes, 2020-2030F ($ Billion, Million Tons) |
2. Industry Life Cycle of Saudi Arabia Wire and Cable Market |
3. Saudi Arabia Wires and Cables Market Revenue Share, By Voltage Types, 2020 & 2030F |
4. Saudi Arabia Wires and Cables Market Volume Share, By Voltage Types, 2020 & 2030F |
5. Saudi Arabia Wires and Cables Market Revenue Share, By Installation Types, 2020 & 2030F |
6. Saudi Arabia Wire and Cables Market Revenue Share, By Material Types, 2020 & 2030F |
7. Saudi Arabia Wire and Cables Market Revenue Share, By Applications, 2020 & 2030F |
8. Saudi Arabia Wire and Cables Market Revenue Share, By Regions, 2020 & 2030F |
9. COMEX Copper Prices, October 2020-March 2021 (U.S. Dollars per Pounds) |
10. Saudi Arabia Estimated Investment in Electric Sector 2021-2031 ($ Billion) |
11. Saudi Arabia Clean Energy Generation Goals, 2018-28 |
12. Saudi Arabia Expected Renewable Power Generation Capacity, 2010-2030 |
13. Saudi Arabia Clean Energy Investment, 2016-2030 |
14. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Voltage Types, 2030F |
15. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Installation Types, 2030F |
16. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Applications, 2030F |
17. Saudi Arabia Wires & Cables Market Opportunity Assessment, By Regions, 2030F |
18. Saudi Arabia Wires & Cables Market Revenue Share, By Companies, 2020 |
List of Tables |
1. Saudi Arabia Ongoing Transmission Projects, 2021-2025 |
2. Saudi Arabia Wire and Cables Market Revenues, By Voltage, 2020-2030F ($ Million) |
3. Saudi Arabia Wire and Cables Market Volumes, By Voltage, 2020-2030F (Thousand Tons) |
4. Saudi Arabia Wire and Cables Market Revenues, By Installation, 2020-2030F ($ Million) |
5. Saudi Arabia Wire and Cables Market Revenues, By Materials, 2020-2030F ($ Million) |
6. Saudi Arabia Wire and Cables Market Revenues, By Applications, 2020-2030F ($ Million) |
7. Saudi Arabia Wire and Cables Market Revenues, By Building & Commercial Application, 2020-2030F ($ Million) |
8. Saudi Arabia Wire and Cables Market Revenues, By Power & Energy Application, 2020-2030F ($ Million) |
9. Saudi Arabia Wire and Cables Market Revenues, By Industrial Application, 2020-2030F ($ Million) |
10. Saudi Arabia Wire and Cables Market Revenues, By IT & Telecommunication Application, 2020-2030F ($ Million) |
11. Saudi Arabia Wire and Cables Market Revenues, By Healthcare Application, 2020-2030F ($ Million) |
12. Saudi Arabia Wire and Cables Market Revenues, By Gaming & Amusements Application, 2020-2030F ($ Million) |
13. Saudi Arabia Wire and Cables Market Revenues, By Automotive Application, 2020-2030F ($ Million) |
14. Saudi Arabia Wire and Cables Market Revenues, By Regions, 2020-2030F ($ Million) |
15. Saudi Arabia Physical Goals of Transmission Works by Voltage level, 2022-28 (Km-C) |
16. Saudi Arabia Under Construction Projects, 2022-2026 |