Press release
Emerging Growth of Middle East Cable Market with Major Predominant Players: Belden Inc., Encore Wire Corp, Finolex Cables, Furukawa Electric, General Cable Corporation
Middle East Cable Market
Rapid urbanization and industrialization across the Middle East region will propel the Middle East Cable Market Size significantly over the coming years. The middle east countries are relieving their economic dependency on gas and oil reserves gradually by focusing on tourism and transportation, which will considerably influence the middle east cable industry share. According to report by DecResearch.com ,"Middle east cable market collected a revenue of USD 6.33 billion in 2015 and is anticipated to be worth more than USD 11.5 billion by 2023."
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o Pages: 115
o Tables: 31
o Charts / Figures: 26
o Companies covered: 19
o Countries covered: 4
The smart city development projects across the regions such as Mohammad Bin Rashid City (UAE), King Abdullah Economic City (KSA), Basra New City (Iraq), and Lusail City (Qatar) will generate profitable demand for cables over the coming years. In addition, ongoing and planned infrastructure & construction developments, which is estimated to cost around USD 1 trillion by 2023 will further boost middle east cable industry trends noticeably.
Key applications areas of the Middle East cable market are commercial and industrial sectors. Dynamically increasing infrastructure development activities will fuel middle East cable industry size across commercial application, which surpassed a revenue of USD 3.5 billion in 2015. The industrial applications will generate an annual growth rate of 8.5% over the coming period of 2016 to 2023.
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Market Competitors:
o Belden Inc.
o Encore Wire Corp
o Finolex Cables
o Finolex Cables
o Furukawa Electric
o General Cable Corporation
o International Wire Group
o KEI Limited
o LS Cable & System
o Nexans
o Prysmian
o Southwire company
o Sumitomo Electric Industries Ltd
o The Okonite Company Inc
o El-Sewedy Cables
o Oman Cables
o Riyadh Cables
o Saudi Cables
o Ducab Cables
Middle East cable product is primarily segmented into extra high voltage, high voltage, medium voltage, and low voltage cables. The medium voltage cable contributed extensively towards the market share in 2015 and is projected to exhibit a CAGR of more than 8% over the coming six years, owing to its growing demand across the railway industry. The low voltage cable worth USD 1.84 billion in 2015 and is expected to collect a revenue of more than USD 3 billion by 2023. The surging requirement of these cables for low power transmission areas such as electric rooms and internal wiring will influence middle east cable market considerably.
High voltage middle east cable industry accounted for over 20% total market share in 2015 and is estimated to register a CAGR of 10.5% over the coming six years, primarily driven by large number of ongoing & upcoming wind projects, where cables are used extensively.
Table Of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Cables industry 3600 synopsis, 2012 - 2023
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Regional trends
Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com
About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.
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