Middle East & Africa Wires And Cables Market Size & Outlook
Middle East & Africa wires and cables market, 2017-2030 (US$M)
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MEA wires and cables market highlights
- The MEA wires and cables market generated a revenue of USD 25,096.9 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, medium voltage was the largest revenue generating voltage in 2023.
- Extra High Voltage is the most lucrative voltage segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 25,096.9 million |
| Market revenue in 2030 | USD 35,547.2 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Medium voltage |
| Fastest growing segment | Extra High Voltage |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Voltage, Medium Voltage, High Voltage, Extra High Voltage |
| Key market players worldwide | Belden Inc, Fujikura Ltd, Furukawa Electric Co Ltd, Leoni AG ADR, Nexans, NKT A/S, Prysmian SpA, Sumitomo Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 11.9% of the global wires and cables market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 35,547.2 million by 2030.
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Wires And Cables Market Scope
Wires And Cables Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa wires and cables market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wires and cables market will help companies and investors design strategic landscapes.
Medium voltage was the largest segment with a revenue share of 42.33% in 2023. Horizon Databook has segmented the Middle East & Africa wires and cables market based on low voltage, medium voltage, high voltage, extra high voltage covering the revenue growth of each sub-segment from 2017 to 2030.
The MEA region held over 12.6% market share of the wires and cables market in 2021 among the regions owing to the growth in building and construction activities in the region. Contracts and agreements have remained the major strategies adopted by the key players operating in the region.
For instance, in November 2018, LS cable and system contracts with the Electricity Board of Bahrain with an objective to supply the power needed for urbanization and industrialization. Construction of new roads, rail infrastructure, airport expansion Power grid connection, electricity transmission, and distribution Projects are some of the key factors fueling the growth of the wires and cables market in the region.
Lowered oil prices in Saudi Arabia, and political instability in the regions such as Syria, Yemen, and Iraq are expected to negatively impact the wires and cables market growth.
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Our clientele includes a mix of wires and cables market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa wires and cables market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa wires and cables market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA wires and cables market size, by country, 2017-2030 (US$M)
Middle East & Africa Wires And Cables Market Outlook Share, 2023 & 2030 (US$M)
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