Saudi Arabia Power Cables Market Size To Exceed USD 2,678.29 Million By 2033 | CAGR of 4.97%

Saudi Arabia Power Cables Market Overview

Market Size in 2024: USD 1,730.90 Million

Market Size in 2033: USD 2,678.29 Million

Market Growth Rate 2025-2033: 4.97%

According to IMARC Group's latest research publication, "Saudi Arabia Power Cables Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia power cables market size reached USD 1,730.90 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,678.29 Million by 2033, exhibiting a growth rate (CAGR) of 4.97% during 2025-2033.

How AI is Reshaping the Future of Saudi Arabia Power Cables Market

● Smart Grid Integration and Management: AI-powered smart grid systems are revolutionizing power cable networks in Saudi Arabia, with automation hitting 32% and growing rapidly toward the 40% target by end of 2025, enabling real-time monitoring, predictive maintenance, and automated fault detection that reduces downtime by up to 25% while optimizing energy distribution across NEOM's high-voltage smart grid infrastructure targeting 100% renewable energy.

● Predictive Maintenance and Asset Management: Advanced AI algorithms are transforming cable maintenance practices through predictive analytics, enabling utilities to identify potential cable failures before they occur, reducing unplanned outages by 35-40% and extending cable lifespan by 20-25% while minimizing maintenance costs across the Kingdom's expanding transmission and distribution networks valued at USD 0.72 billion in 2024.

● Optimizing Cable Design and Manufacturing: Machine learning systems are revolutionizing power cable production through intelligent material selection, automated quality control, and process optimization, improving manufacturing efficiency by 30-35% while ensuring cables meet stringent specifications for high-temperature desert environments and long-distance renewable energy transmission from remote solar and wind farms.

● Enhancing Grid Reliability and Load Balancing: AI-integrated energy management systems are optimizing power flow through cable networks, enabling dynamic load balancing and voltage regulation that improves grid stability by 25-30%, critical for integrating intermittent renewable energy sources from the National Renewable Energy Program's target of 58.7 GW of capacity by 2030.

● Facilitating Renewable Energy Integration: Artificial intelligence platforms are enabling seamless integration of distributed renewable energy sources through intelligent cable routing, capacity optimization, and real-time energy management, supporting Saudi Arabia's goal to generate 50% of electricity from renewables by 2030 while managing the complex power flows from major projects like Sakaka Solar Plant, Dumat Al Jandal Wind Farm, and Sudair Solar Project.

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Saudi Arabia Power Cables Market Trends & Drivers:

Saudi Arabia's power cables market is experiencing robust growth driven by Vision 2030 mega-projects requiring extensive transmission infrastructure, with NEOM's development alone consuming approximately 20% of the world's available steel supply and requiring vast quantities of specialized power cables for The Line, Oxagon, and other revolutionary developments spanning 26,500 square kilometers. The Kingdom has allocated 1,862 square kilometers for solar power projects and 260 square kilometers for wind farms in 2025, with the unconventional Jafurah gas plant completion expected to produce 2 billion cubic feet of gas per day by 2030, creating unprecedented demand for extra-high voltage (EHV) and high-voltage direct current (HVDC) cables.

The massive expansion of renewable energy infrastructure is reshaping market dynamics, with Saudi Arabia's renewable energy capacity growing from 0.03 GW to 3 GW between 2015 and 2023 and targeting 130 GW by 2030 under the National Renewable Energy Program (NREP). Major projects include the 2.6 GW Ar Rass Solar PV Plant, the 1,425 MW Al Kahfah Solar facility supplying 400,000 homes, the 1.2 GW Gayal wind farm supporting NEOM, and the world's largest green hydrogen project producing 650 tonnes per day powered by 4 GW of on-site solar and wind requiring specialized cables capable of withstanding harsh desert conditions with temperatures exceeding 50°C and providing superior insulation for long-distance transmission.

Smart grid modernization is accelerating power cable demand, with the Saudi Arabia smart grid market valued at USD 990.7 million in 2024 and projected to reach USD 3,272.8 million by 2033 at a 14.2% CAGR, driven by deployment of 11 million smart meters, automation of 32% of the electricity distribution network expanding to 40% by end-2025, and establishment of nine advanced control centers by 2026. The Ministry of Energy's USD 23 billion allocation for 2025 includes electrical network expansions connecting industrial and agricultural facilities, while ENOWA's high-voltage smart grid blueprint unveiled in March 2025 incorporates IoT and AI technologies for sustainable energy management, supporting the Kingdom's 90 GW installed capacity and ambitious decarbonization goals targeting 55% emissions reduction by 2030 through extensive modernization of power transmission infrastructure.

Saudi Arabia Power Cables Industry Segmentation:

The report has segmented the market into the following categories:

Installation Insights:

● Overhead
● Underground
● Submarine Cables

Voltage Insights:

● High
● Medium
● Low

Material Insights:

● Copper
● Aluminum

End-Use Sector Insights:

● Power
● Oil & Gas
● Chemical
● Manufacturing
● Metals & Mining
● Infrastructure
● Transportation
● Others

Breakup by Region:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Recent News and Developments in Saudi Arabia Power Cables Market

● March 2025: ENOWA unveiled NEOM's high-voltage smart grid blueprint incorporating IoT and AI technologies for sustainable energy management, with the system designed to handle 100% renewable energy sourced from 4 GW of on-site solar and wind capacity and support autonomous electric vehicle infrastructure, requiring extensive specialized power cable networks throughout the 26,500 square kilometer development.

● January 2025: Italy and Saudi Arabia signed a five-year energy cooperation agreement focusing on renewable energy, hydrogen, and power interconnections, implying significant investments in transmission infrastructure including high-voltage power cables to position Italy as a strategic entry point for Saudi-produced hydrogen and ammonia into Europe, necessitating robust EHV and HVDC cable networks.

● November 2025: Elsewedy Cables KSA announced an SAR 1.2 billion investment to establish two new factories in Yanbu Industrial City-a Special Cables factory and a Copper Rod factory-with the Special Cables facility producing cables for construction, power generation, and oil & gas industries while the Copper Rod factory supplies essential raw materials for electrical products.

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