Kazakhstan Insulated Wires and Cables Market size is projected to grow at a CAGR of 4.2% during 2024-2030F

Power cable by type, generated the highest revenue share in Kazakhstan Insulated Wires and Cables Market – 6Wresearch

Power cable has acquired maximum revenue share in the market fueled by significant expansion in infrastructure and power and energy projects as Kazakhstan aims to introduce approximately 300 MW of capacity nationwide, with specific plans for 50 MW and 40 MW capacities in Aktobe Region, as announced Minister of Energy Almasadam Satkaliyev. This project will help necessitate the development of robust distribution networks to efficiently reach end-users across the country, which would spur the growth in market revenues for the insulated wires and cables market in coming years.

According to 6Wresearch, The Kazakhstan Insulated Wires and Cables Market size is projected to grow at a CAGR of 4.2% during 2024-2030F. Over the next five years, the anticipated growth in Kazakhstan's construction and infrastructure sectors, supported by funding from international financial institutions such as the ADB, EBRD, and the Islamic Development Bank (IDB), is expected to fuel an increase in demand for insulated cables and wires.

The insulated wires and cables industry in Kazakhstan encounters challenges due to the country's heavy dependence on the oil and gas sector. Economic downturns, which could hamper substantial infrastructure investments, pose a threat to the market, affecting demand for insulated wires and cables.

According to Sumit, Senior Research Analyst, 6Wresearch, in Kazakhstan, overhead cables dominate revenue share due to their widespread adoption, favoured for their accessibility, facilitating maintenance and repairs without excavation. The ongoing construction of major projects like the Atyrau to Ulke overhead transmission line, scheduled for completion in 2025, underscores the rising demand for overhead cables, signalling anticipated growth in the future.

The Kazakhstan Insulated Wires and Cables Market (2024-2030) report provides an in-depth analysis with 9 figures and 5 tables, covered in 57 pages. The report comprehensively covers the market by type, deployment, and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.