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Levant Power Cable Market Report 2018-2024 | Top Key Players – Prysmian Group, Nexans, Belden Inc., Southwire Company, The Okonite Company, Oman Cables Industry SAOG, Riyadh Cables
Levant Power Cable
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Global Levant Power Cable Market is expected to grow at over 8% and exceed USD 6 billion by 2024. Growing investment towards the refurbishment of war affected infrastructure in countries including Iraq and Syria will fuel the industry landscape. In March 2016, Siemens signed MoU with the Government of Iraq to strengthen the collaboration with the Ministry of Oil & Gas as well as Ministry of Energy for modernizing the oil & gas energy infrastructure.
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.
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Levant Power Cable Market, By Voltage
HV
MV
LV
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, By Application
Oil & Gas
Construction,
Utility
Manufacturing
Transport
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