GCC Power Cable Market Size to Reach USD 6.2 Billion by 2033 | With a 6.3% CAGR

GCC Power Cable Market Overview

Market Size in 2024: USD 3.6 Billion

Market Size in 2033: USD 6.2 Billion

Market Growth Rate 2025-2033: 6.3%

According to IMARC Group's latest research publication, "GCC Power Cable Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC power cable market size reached USD 3.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.2 Billion by 2033, exhibiting a growth rate (CAGR) of 6.3% during 2025-2033.

How AI is Reshaping the Future of GCC Power Cable Market

● Predictive Maintenance Revolution: AI algorithms process sensor data from embedded smart cables to detect early wear, vibrations, and thermal anomalies, preventing failures in GCC's expansive grids. This cuts downtime in Saudi Arabia's solar farms and UAE data centers, aligning with Vision 2030 by extending cable lifespan and optimizing renewable integration for reliable power flow.

● Smart Grid Optimization: AI enables dynamic load forecasting and fault isolation in intelligent cable networks, essential for handling variable solar inputs across GCC deserts. In UAE's smart cities, it reduces energy losses through adaptive routing, supporting grid resilience amid urbanization and boosting efficiency in high-demand industrial zones.

● IoT-Enabled Monitoring: Machine learning integrates with IoT sensors in high-voltage cables for real-time performance tracking, vital for Qatar's LNG facilities. This reshapes remote diagnostics in harsh climates, minimizing manual inspections and enhancing safety while facilitating seamless data transmission in emerging 5G and AI-driven infrastructures.

● Emission and Efficiency Analytics: AI analyzes cable usage patterns to optimize material selection and reduce waste, promoting eco-friendly designs like recyclable insulation. In Oman's wind projects, it drives lower carbon footprints by predicting optimal routing, aligning with regional sustainability goals and transforming power distribution into greener, cost-effective systems.

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How Vision 2030 is Revolutionizing GCC Power Cable Industry

Vision 2030 in Saudi Arabia is triggering a seismic wave of transformation of the power cable business in the GCC region, where oil-based grids will move towards diversification, with greater reliance on renewable energy sources to form the basis of energy provision in the countries of the region. In reaching 50 percent renewable capacity, the project creates a tremendous demand on high-voltage, underground, and fiber-optic integrated cables to link mega-array solar fields in the Rub al-Khali desert and the offshore wind farms to provide stable long distance transmission without heating the desert. Megaprojects such as NEOM and the Red Sea Development require tough cables that are smart in urban networks, which encourage the development of heat-resistant XLPE insulation and small structures in smart cities with limited space.

The trend is being picked up by the Energy Strategy 2050 of UAE and the National Vision of Qatar, which integrate interconnections across the GCC and extend desalination facilities, including a need to use submarine and hybrid cables to share power without challenges. Domestic manufacturing centers are forced by localization and lessen dependence on imports and generate employment in cable technology research and development, minimizing emissions, and meeting international standards. Finally, Vision 2030 transforms the industry into strategic enabler, making power security, reducing transmission loss, and becoming a center of sustainable innovation in electrification.

GCC Power Cable Market Trends & Driver:

The GCC power cable market is streaming with the boom of explosive urbanization and renewable energy, with the markets leaning towards underground installation and hybrid fiber-optic installation to increase the durability of the installations in the arid regions. Medium-voltage cables dominate because of their use in industrial expansions and smart grid modernizations, and a shift to eco-friendly XLPE-recyclable materials is the answer to decarbonization requirements. The emerging demand due to booming data centers in Dubai and Riyadh, combine with 5G rollouts through cables of high capacity and low latency. Oil to green conversions in Saudi Arabia and UAE also increase requirements on strong transmission lines, which offsets the supply fluctuation with localized production incentives that enhance resilience to world disruptors.

Diversification initiated by Vision 2030 is like a cornerstone driver, which directs investments into grid expansions, and cross-GCC interconnections to underpin non-oil sectors such as tourism and manufacturing. Renewable and digital infrastructure policies, such as wind targets in Oman and smart city pilots in Kuwait, can help boost the use of AI-monitored cables to predict faults and optimise efficiency. Increasing industrial centers and EV charging stations balance difficulties such as fluctuations in raw materials, establishing public-corporate relations on the innovative solutions. This policy-technology amalgamation is solidifying energy reliability, which is moving the market to sustainable growth and regional dominance in the field of advanced cabling.

Access the Latest 2026 Data & Forecasts: https://www.imarcgroup.com/checkout?id=12176&method=940

GCC Power Cable Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Installation:

● Overhead
● Underground
● Submarine Cables

Breakup by Voltage:

● High
● Medium
● Low

Breakup by End-Use Sector:

● Power
● Infrastructure
● Manufacturing
● Oil and Gas
● Transportation
● Others

Breakup by Material:

● Aluminum
● Copper

Breakup by Country:

● Saudi Arabia
● UAE
● Qatar
● Bahrain
● Kuwait
● Oman

Competitive Landscape:

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

Recent News and Developments in GCC Power Cable Market

● January 2025: Demand for high-voltage and extra-high-voltage power cables surged across Saudi Arabia and the UAE as governments accelerated grid expansion and renewable energy integration projects under national energy transition plans.

● March 2025: Leading manufacturer Dubai Cable Company (Ducab) announced new export contracts to supply fire-resistant and solar-compatible power cables to major infrastructure developments across the GCC and Africa.

● April 2025: GCC utilities increased deployment of underground and submarine power cables to support smart city development, coastal infrastructure, and inter-country power connectivity initiatives.

● June 2025: Oman and Qatar launched tenders for power transmission upgrades, driving demand for advanced XLPE cables and smart monitoring systems to improve grid reliability and reduce power losses.

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