The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Wires and Cables Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

GCC Wires and Cables Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, GCC Wires and Cables Market is anticipated to grow at a CAGR of around 15% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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What is Included in GCC Wires and Cables Market Segmentation?

The report has segmented the market into the following categories:

By Type

- Data Cables- Market Size & Forecast 2019-2030, Thousand Tons

- Coaxial Cable- Market Size & Forecast 2019-2030, Thousand Tons

- Signal Cable- Market Size & Forecast 2019-2030, Thousand Tons

- Power Cable - >1kV, MV, HV, EHV- Market Size & Forecast 2019-2030, Thousand Tons

- Low Voltage Energy <1kV- Market Size & Forecast 2019-2030, Thousand Tons

- Fire Resistant Cables- Market Size & Forecast 2019-2030, Thousand Tons

By Installation

- Overhead- Market Size & Forecast 2019-2030, Thousand Tons

- Underground- Market Size & Forecast 2019-2030, Thousand Tons

By Material

- Copper- Market Size & Forecast 2019-2030, Thousand Tons

- Glass- Market Size & Forecast 2019-2030, Thousand Tons

- Aluminium- Market Size & Forecast 2019-2030, Thousand Tons

Based on the material, copper is projected to hold the largest share of the GCC Wires and Cables Market during the forecast period. It is due to the increasing demand for copper-based wires & cables from the telecommunication & consumer electronics sector since copper is an excellent conductor. In addition, the burgeoning growth of the construction industry due to snowballing infrastructural developments is also expected to boost the demand for copper-based wires & cables in the coming years.

By End Users

- Residential- Market Size & Forecast 2019-2030, Thousand Tons

- Commercial- Market Size & Forecast 2019-2030, Thousand Tons

- Industrial- Market Size & Forecast 2019-2030, Thousand Tons

- Telecom- Market Size & Forecast 2019-2030, Thousand Tons

- Others- Market Size & Forecast 2019-2030, Thousand Tons

By Country

- Saudi Arabia

- UAE

- Kuwait

- Bahrain

- Oman

- Qatar

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Key Factor Driver GCC Wires and Cables Industry Growth by 2030

Increasing Demand for Wires & Cables in Industrial Sector - Rapid urbanization across the GCC region is escalating the need for constructing more residential & commercial spaces. This astronomical increase in construction projects is fueling the demand for wires & cables to fulfill the increasing power requirements. Besides, the need for power grid interconnection in densely populated areas is also propelling the demand for wires & cables. Moreover, rising developments in the industrial sector are amongst other crucial factors boosting the market growth, owing to the increasing requirement of high-voltage cables in industries like oil & gas, aerospace, and telecommunication.

Who are the Key Players Operating in the GCC Wires and Cables Industry?

The top companies of the GCC Wires and Cables market ruling the industry are: 

• Riyadh Cable
• Al Fanar Electrical Systems
• Jeddah Cable
• Bahra Cable
• Dubai Cable
• National Cable Industry
• Power Plus Cables
• Oman Cables Industry (OCI)
• Doha Cables
• QICC Cables

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the GCC Wires and Cables Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the GCC Wires and Cables industry?
5. Which is the Leading segment in the market?

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