Saudi Arabia Overhead Cable Management Solutions Market is estimated to reach a higher CAGR during 2020-2027 | Size, Share & Forecast

The Saudi Arabia Overhead Cable Management Solutions Market is expected to grow at a faster CAGR over the forecast period (2020-2027).

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The factors driving growth of the Saudi Arabia Overhead Cable Management Solutions Market includes Government initiatives to reduce dependency from oil and gas sector, increasing focus on using renewable sources of energy, rising application of overhead cable management solutions across end-use industries such as Mining, Transportation and Oil & Gas sector. For instance, the Government of Saudi under the Vision 2030, targets eliminate oil from its power production model and plans to generate nearly 50% of its electricity from renewable sources, which is expected to generate tremendous opportunities in the market in the approaching years. Moreover, technological advancements in overhead cable management solutions, infrastructure projects such as King Abdullah Financial District project and the Riyadh Metro Project and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic mergers, and collaborations between companies, rise in the launch of new products and growing disposable incomes, are further contributing to the market growth.

Based on Overhead Types, the Ladder segment is predicted to grow at a significant CAGR during the forecast period

Ladder cable tray provides effective heat dissipation and maximizes airflow and are increasingly used in the commercial sector, are some of the features pushing the segment's growth.

Based on Finishing Types, the Hot Dip Galvanized segment is projected to expand at a remarkable CAGR over the forecast period

Hot dip galvanized overhead cable management solutions can be adaptable to harsh outdoor environments, is the major factor responsible for the segment's growth.

Based on Applications, the Transportation segment is anticipated to grow at a robust CAGR during the forecast period

Technological advancements in cable management solutions, infrastructure projects in the transportation industry such as Riyadh Metro, rapid urbanization, increasing per capita incomes and growing population growth rates, are some of the important factors augmenting growth of the segment.

Key Development

In 2019, Legrand introduced Swiftwire, its new wire-based suspension system, which is able to suspend lighting busbar and overhead cable management portfolio. It provides rapid installation compared to conventional threaded rod suspension systems. It enables the system to adjust easily and quickly for accurate installation.

Market Segmentation

Segmentation by Overhead Types

Cable Trays
Ladder
Perforated
Solid Bottom
Wiremesh
Single Rail
Channel
Cable Trunking
Accessories

Segmentation by Finishing Types

Hot Dip Galvanized
Pre-Galvanized
Electro Galvanized
Stainless Steel
Epoxy Coating
GRP/FRP
Others

Segmentation by Type

Below 1.5 mm
5 mm - 2.5 mm
Above 2.5 mm

Segmentation by Applications

Commercial
Transportation
Industrial
Power Utilities
Mining
Oil & Gas
Others

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