Press release
What's Driving the Levant Power Cable Market Growth? KEI Limited, Southwire Company, Sumitomo Electric Industries, The Okonite Company, Oman Cables, Riyadh Cables, Saudi Cables, DUCAB Cables, Nuhas Oman
Levant Power Cable Market
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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.
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.
Leading Key Players in Levant Power Cable Market are:
o Liban Cables
o El-Sewedy Cables
o MESC Jordan
o Prysmian
o Nexans
o Belden
o KEI Limited
o Southwire Company
o Sumitomo Electric Industries
o The Okonite Company
o Oman Cables
o Riyadh Cables
o Saudi Cables
o DUCAB Cables
o Nuhas Oman
o Bahra Advanced Cable Manufacture
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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.
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.
Table of content:
Chapter 4. Levant Power Cable Market, By Product
4.1. Levant market share by product, 2016 & 2024
4.2. Power
4.2.1. Power market, 2013 - 2024
4.2.2. Power market revenue by region, 2013-2024
4.3. Control
4.3.1. Control market, 2013 - 2024
4.3.2. Control market revenue by region, 2013-2024
Chapter 5. Levant Power Cable Market, By Voltage
5.1. Levant market share by voltage, 2016 & 2024
5.2. HV
5.2.1. HV market, 2013 - 2024
5.2.2. HV market revenue by region, 2013-2024
5.3. MV
5.3.1. MV market, 2013 - 2024
5.3.2. MV market revenue by region, 2013-2024
5.4. LV
5.4.1. LV market, 2013 - 2024
5.4.2. LV market revenue by region, 2013-2024
Get More Detail Insights About Levant Power Cable Market At https://www.globenewswire.com/news-release/2017/05/23/995013/0/en/Levant-Power-Cable-Market-to-reach-6bn-by-2024-Global-Market-Insights-Inc.html
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