Press release
What's Driving the Levant Power Cable Market Trends? Liban Cables, El-Sewedy Cables, MESC Jordan, Prysmian, Nexans, Belden, KEI Limited, Southwire Company
Levant Power Cable Market
Research forecasts the Levant Power Cable market to grow from 3 billion in 2016 to 6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8% during the forecast period.
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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.
Leading Key Players in Levant Power Cable Market are:
• Liban Cables
• El-Sewedy Cables
• MESC Jordan
• Prysmian
• Nexans
• Belden
• KEI Limited
• Southwire Company
• Sumitomo Electric Industries
• The Okonite Company
• Oman Cables
• Riyadh Cables
• Saudi Cables
• DUCAB Cables
• Nuhas Oman
• Bahra Advanced Cable Manufacture
Growth Drivers:
• Growing infrastructural investment
• Rising electricity consumption
• Increasing demand for sustainable energy
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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
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