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Levant Power Cable Market Growth Analysis, Industry Players includes Liban Cables, El-Sewedy Cables, El-Sewedy Cables, MESC Jordan, Prysmian Group, Nexans, Belden Inc., Southwire Company
Levant Power Cable Market
Shifting trends towards clean energy to reduce the dependency on conventional energy will stimulate the levant power cable market growth. In 2017, Government of Israel announced to develop largest solar power project having 310 MW capacity by 2018. The country also aims at meeting 10% electricity demand from the sustainable sources by 2020. In December 2016, the government of Jordan issued the 300 MW solar & wind energy tender with an aim to expand its clean energy infrastructure.
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MV levant power cable Market is projected to surpass USD 2 billion by 2024 owing to its extensive applications across the growing T&D channels. In 2016, a state monopolist company, Egyptian Electricity Transmission announced to invest over USD 1.6 billion with an objective to strengthen its existing transmission network.
Internal conflicts between rebels and government coupled with construction projects post-war will augment Syria levant power cable market share. The Government of Syria is creating opportunities for public-private financing within local authorities as well as mandating local organizations to work with the international community with an aim to conduct reconstruction projects in the country. However, the industry is poised to witness exponential growth post-civil war owing to rising investment towards affected areas.
Expansion of transmission and distribution network along with rising demand for electricity owing to rising urban population along with will further complement the levant power cable market. In 2017, Government of Iraq signed a USD 500 million electricity agreement with ABB towards the deployment of new energy transmission systems.
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Turkey levant power cable Market is predicted to exceed USD 2 billion by 2024 on account of ongoing expansion programs across transport, energy, and communication sector. In 2016, Turkey announced to supply electricity to the Turkish Republic of Northern Cyprus (TRNC) with undersea cables by 2017.
Major participants across the levant power cable market include Bahra, Riyadh Cables, KEI, The Okonite, Nexans, Prysmian, Southwire, Oman Cables, Belden, MESC Jordan, Saudi Cables, DUCAB, Nuhas Oman, Sumitomo Electric, and El-Sewedy.
Levant Power Cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of USD Million from 2013 to 2024, for the following segments:
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Levant Power Cable Market, By Product
Power
Control
Levant Power Cable Market, By Voltage
HV
MV
LV
Levant Power Cable Market, By Application
Oil & Gas
Construction,
Utility
Manufacturing
Transport
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