Saudi Arabia Wires & Cables Market is Expected to Register a 4.10% CAGR Through 2029

Rapid urbanization & infrastructure development and technological advanWires & Cabless & smart grid development are the likely to propel the market during the forecast period.

According to TechSci Research report, “Saudi Arabia Wires & Cables Market – By Region, Competition, Forecast and Opportunities, 2019-2029F”, Saudi Arabia Wires & Cables Market was valued at USD 5.07 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.10% through 2029.  

Infrastructure development and rapid urbanization are pivotal drivers of the Saudi Arabia Wires & Cables market. The Kingdom is undergoing significant transformation under its Vision 2030 initiative, focusing on diversifying its economy and modernizing its infrastructure. Mega-projects like NEOM, a futuristic city incorporating advanced technologies, and the expansion of existing urban areas necessitate extensive electrical and communication networks. This surge in construction and urbanization requires a substantial supply of power cables for reliable electricity distribution and fiber optic cables for high-speed internet connectivity. Additionally, the development of transportation infrastructure, including new airports, railways, and highways, further boosts demand for robust cabling solutions. As Saudi Arabia continues to invest in enhancing its infrastructure, the wires and cables market is set to experience sustained growth, driven by the need for high-quality, durable, and advanced cabling products.

The expansion of renewable energy projects is a significant driver of the Saudi Arabia Wires & Cables market. With Vision 2030 emphasizing the diversification of energy sources and reducing reliance on oil, the Kingdom is investing heavily in solar and wind energy projects. These initiatives, such as the Sakaka solar power plant and the Dumat Al-Jandal wind farm, require specialized cables to connect renewable energy installations to the national grid. The integration of these renewable sources demands high-performance power cables and fiber optic cables to ensure efficient energy transmission and system reliability. Additionally, the development of smart grids to manage and distribute renewable energy further drives the demand for advanced cabling solutions. As Saudi Arabia progresses in its renewable energy goals, the wires and cables market will continue to grow, fueled by the need for sustainable and efficient cabling infrastructure.

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Based on Material, The Copper held the largest market share in 2023. Copper is renowned for its excellent electrical conductivity, which is significantly higher than that of most other metals. This property allows for more efficient power transmission with minimal energy loss, which is crucial for both residential and industrial applications. In a region where reliable power distribution is essential for supporting rapid urbanization and industrialization, copper's efficiency makes it the material of choice.

Copper is highly durable and resistant to corrosion, which ensures a longer lifespan for cables. This is particularly important in Saudi Arabia's harsh climatic conditions, where extreme temperatures and humidity can degrade other materials more quickly. The durability of copper cables reduces maintenance costs and enhances the reliability of power and communication systems, making them a cost-effective investment in the long term.

Copper's versatility allows it to be used in a variety of applications, from low voltage residential wiring to high voltage industrial and commercial installations. Its flexibility and strength make it suitable for complex installations where cables need to be bent and maneuvered through tight spaces without compromising performance.

Copper cables meet stringent regulatory and safety standards required for electrical installations in Saudi Arabia. The government's emphasis on high-quality infrastructure development under Vision 2030 means that materials used must comply with rigorous safety and performance standards. Copper’s proven track record in meeting these standards reinforces its dominance in the market.

As the country adopts advanced technologies such as smart grids and renewable energy systems, the demand for high-performance cables increases. Copper’s superior properties make it well-suited to handle the demands of these modern systems, including high-speed data transmission and efficient power distribution.

Major companies operating in the Saudi Arabia Wires & Cables Market are:

• Prysmian S.p.A
• Nexans
• Sumitomo Electric Group
• Furukawa Electric Co., Ltd
• LS Cable & System Ltd.
• Leoni AG
• Fujikura Ltd.
• Encore Wire Corporation
• NKT A/S
• Belden Inc.

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“The Saudi Arabia Wires & Cables market presents substantial opportunities driven by the nation's ambitious Vision 2030 initiative, which focuses on economic diversification and infrastructure modernization. Significant investments in mega-projects, renewable energy expansion, and smart city developments are boosting demand for advanced cabling solutions. The increasing adoption of 5G technology and broadband expansion further enhances market potential. Additionally, the emphasis on energy efficiency and sustainability offers prospects for innovative and eco-friendly cabling products. Companies positioned to meet these evolving needs can capitalize on the growing market, contributing to Saudi Arabia's technological and infrastructural advanWires & Cabless.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Saudi Arabia Wires & Cables Market By Voltage (Low, Medium, High, Extra High) By Products (Fiber Optic Cable, Co-Axial Cable, Other Cables) By Material (Copper, Aluminum, Glass) By Installation (Overhead, Underground) By End Use (Aerospace & Defense, Building & Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others) By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Saudi Arabia Wires & Cables Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia Wires & Cables Market.

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