Posted On: 2018-11-05
Several countries in the Middle East have adopted national plans such as Saudi Arabia's Vision 2030, Qatar's National Vision 2030, UAE Vision 2021, New Kuwait 2035, Oman Vision 2020 and Bahrain Master Plan 2030 to achieve all-round development of their economies over the next decade. Under these initiatives, large scale development activities would be undertaken in the commercial and transportation sectors, which would surge the demand for structured cabling market in the region.
According to 6Wresearch, the Middle East Structured Cabling market revenues are projected to grow at a CAGR of 7.1% during 2018-24. In the post-oil world, several Middle Eastern countries are strengthening their non-oil sectors which includes setting up of new offices, residential units, education institutes, data centers, hotels and manufacturing facilities. These advancements along with rapid development of the IT industry in several countries in the region would act as a key driver for the growth of the Middle East structured cabling market over the coming years.
According to Rachit Gulati, Research Analyst, Research and Consulting, 6Wresearch, "Cables were the highest revenue generating segment in the overall structured cabling market, by product type, owing to the high volume of cables used in large infrastructure projects, medium size projects and in the retail domain."
According to Kanchan Negi, Research Associate, Research and Consulting, 6Wresearch, "Racks and cabinets accounted for the highest market revenue share in the overall Middle East structured cabling market by component type in 2017 due to their comparatively higher costs. The markets for patch panels & cross connects and patch cords & cable assemblies are projected to grow at a substantial rate in near future owing to their short lifespan and therefore more frequent replacement cycles."
According to Chhavi Malpani, Research Associate, Research and Consulting, 6Wresearch, "Saudi Arabia, UAE and Qatar are amongst the major revenue shareholders in the Middle East structured cabling market. Rising digitalization and widespread construction activities for the preparation of upcoming major events, such as Dubai World Expo 2020 and Qatar FIFA World Cup 2022 would further help these countries to maintain their dominance during the forecast period."
"Strengthening cloud market in the Middle East, with several upcoming data centers such as Amazon's data center in Bahrain, Oracle and Microsoft's data center in UAE, Google's data center in Saudi Arabia would further fuel the demand for structured cabling in the region," Chhavi Concluded.
Some of the key players in the Middle East structured cabling market include CommScope, Corning, Panduit, Belden, Legrand and Leviton.
"Middle East Structured Cabling Market (2018-2024)" report provides an in-depth analysis with 147 figures and 46 tables covered in more than 260 pages. The report estimates and forecast the overall structured cabling market by product types, cable types, component types, applications and countries. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.