-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
- Cosmetic Ingredient
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
The international market research institute ResearchAndMarkets.
com recently released a research report on the Saudi Arabian cable duct market, and the compound annual growth rate of the Saudi cable duct market will reach 12.
1%
from 2018 to 2024.
According to the Saudi government's Vision 2030 plan, the country's public infrastructure, including billion yuan, offices, educational institutions, transportation facilities, energy, etc.
, will usher in tremendous development
.
Therefore, the demand for electrical equipment, wiring, etc.
in various markets will increase
significantly during the forecast period.
This factor will drive the rapid growth
of demand for cable ducts and cable trays in Saudi Arabia.
Under Vision 2030, the government plans to reduce the country's dependence on oil sector revenues and focus on developing and strengthening the non-oil economy
.
The cable ducting market is dominated by steel cable ducts in terms of revenue, while stepped cable ducts hold a major share
in terms of classification.
In addition, the Eastern Region of Saudi Arabia held the largest market share
in revenue in 2017.
In 2017, the electric utilities segment held the largest revenue share
in the overall cable duct market.
In addition, due to the large number of upcoming infrastructure projects in the country, the construction sector is expected to surpass the electric utility sector
in future revenues.
However, since the demand for cable ducts is highly dependent on these infrastructure projects, the possible re-evaluation of many projects and subsequent shelving to meet the country's post-oil era vision may hamper the growth of the
Saudi Arabian cable duct market.
The international market research institute ResearchAndMarkets.
com recently released a research report on the Saudi Arabian cable duct market, and the compound annual growth rate of the Saudi cable duct market will reach 12.
1%
from 2018 to 2024.
According to the Saudi government's Vision 2030 plan, the country's public infrastructure, including billion yuan, offices, educational institutions, transportation facilities, energy, etc.
, will usher in tremendous development
.
Therefore, the demand for electrical equipment, wiring, etc.
in various markets will increase
significantly during the forecast period.
This factor will drive the rapid growth
of demand for cable ducts and cable trays in Saudi Arabia.
Under Vision 2030, the government plans to reduce the country's dependence on oil sector revenues and focus on developing and strengthening the non-oil economy
.
The cable ducting market is dominated by steel cable ducts in terms of revenue, while stepped cable ducts hold a major share
in terms of classification.
In addition, the Eastern Region of Saudi Arabia held the largest market share
in revenue in 2017.
In 2017, the electric utilities segment held the largest revenue share
in the overall cable duct market.
In addition, due to the large number of upcoming infrastructure projects in the country, the construction sector is expected to surpass the electric utility sector
in future revenues.
However, since the demand for cable ducts is highly dependent on these infrastructure projects, the possible re-evaluation of many projects and subsequent shelving to meet the country's post-oil era vision may hamper the growth of the
Saudi Arabian cable duct market.
