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According to the latest report by global market research and consulting firm 6Wresearch, the UAE power cable market revenue will reach $2.
5 billion
by 2024.
By 2024, the UAE power cable market will reach $2.
5 billion
The report, titled "UAE Power Cable Market (2018-2024)", estimates and forecasts the entire UAE power cable market
based on voltage level, application, and region.
It provides an unbiased and detailed analysis of current market trends, opportunities, high-growth areas, and market drivers, which will help stakeholders adjust their market strategies
based on current and future market dynamics.
The UAE power cable market saw significant growth
in 2017 due to the recovery in copper and aluminum prices, as well as significant investments in large infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls, and artificial islands.
In addition, the UAE's ongoing efforts to diversify its economy have also contributed to the growth
of power cable sales.
In addition, areas such as UAE Vision 2021, Dubai Plan 2021, Abu Dhabi Economic Vision 2030, Sharjah Tourism Vision 2021, as well as rapid urbanization and growing electricity consumption will further encourage the development of
power cables.
Ravi Bhandari, assistant manager of research and consulting at 6Wresearch, said: "The infrastructure sector accounted for the majority of the revenue of the power cable market in 2017 due to the government's ambitious infrastructure development plans, including the construction of roads, airports, subways, ports, power plants and hospitals
.
However, due to the preparations for Expo 2020, the construction and industrial sector will grow
at a faster rate than the infrastructure sector during the forecast period.
”
Rishi Malhotra, senior research analyst at 6Wresearch Research & Consulting, said: "In 2017, the low-voltage power cable segment (up to 1 kV) had the highest revenue share because of its applications installed in buildings, infrastructure, oil and gas and other fields
.
"In addition, Dubai accounts for a major revenue share across all regions and is also expected to maintain its leading position in the future due to the large number of ongoing and upcoming commercial construction and transport infrastructure projects
.
" Malhotra added
.
Some of the major players in the UAE power cable market include Dubai Cable, Riyadh Cable Group, Jeddah Cable Company, Oman Cable Industry, National Cable Industry, Elsewedy Electric - UAE, Power Plus Cable, Saudi Cable, Alfana, Prysmian Middle East, Neckers Middle East, and Brugg Cable Middle East Center
.
，
According to the latest report by global market research and consulting firm 6Wresearch, the UAE power cable market revenue will reach $2.
5 billion
by 2024.
By 2024, the UAE power cable market will reach $2.
5 billion
5 billion
The report, titled "UAE Power Cable Market (2018-2024)", estimates and forecasts the entire UAE power cable market
based on voltage level, application, and region.
It provides an unbiased and detailed analysis of current market trends, opportunities, high-growth areas, and market drivers, which will help stakeholders adjust their market strategies
based on current and future market dynamics.
The UAE power cable market saw significant growth
in 2017 due to the recovery in copper and aluminum prices, as well as significant investments in large infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls, and artificial islands.
In addition, the UAE's ongoing efforts to diversify its economy have also contributed to the growth
of power cable sales.
In addition, areas such as UAE Vision 2021, Dubai Plan 2021, Abu Dhabi Economic Vision 2030, Sharjah Tourism Vision 2021, as well as rapid urbanization and growing electricity consumption will further encourage the development of
power cables.
Ravi Bhandari, assistant manager of research and consulting at 6Wresearch, said: "The infrastructure sector accounted for the majority of the revenue of the power cable market in 2017 due to the government's ambitious infrastructure development plans, including the construction of roads, airports, subways, ports, power plants and hospitals
.
However, due to the preparations for Expo 2020, the construction and industrial sector will grow
at a faster rate than the infrastructure sector during the forecast period.
”
Rishi Malhotra, senior research analyst at 6Wresearch Research & Consulting, said: "In 2017, the low-voltage power cable segment (up to 1 kV) had the highest revenue share because of its applications installed in buildings, infrastructure, oil and gas and other fields
.
"In addition, Dubai accounts for a major revenue share across all regions and is also expected to maintain its leading position in the future due to the large number of ongoing and upcoming commercial construction and transport infrastructure projects
.
" Malhotra added
.
Some of the major players in the UAE power cable market include Dubai Cable, Riyadh Cable Group, Jeddah Cable Company, Oman Cable Industry, National Cable Industry, Elsewedy Electric - UAE, Power Plus Cable, Saudi Cable, Alfana, Prysmian Middle East, Neckers Middle East, and Brugg Cable Middle East Center
.
，
