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

Rapid urbanization & infrastructure development and technological advance Wires & Cables & 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 expected to reach USD 6.51 Billion by 2029 with a CAGR of 4.10% during the forecast period. 

Rapid urbanization and infrastructure development are key drivers of the Saudi Arabia Wires & Cables market. The Kingdom of Saudi Arabia has embarked on an ambitious journey to transform its urban landscape through projects like Vision 2030, which aims to diversify the economy and reduce dependence on oil. This vision includes the development of mega-cities such as NEOM, a futuristic city that promises advanced infrastructure, smart technologies, and sustainable living. The construction of these mega-cities necessitates a substantial demand for wires and cables to support electricity distribution, communication networks, and various other infrastructural needs. 

The urbanization trend is not limited to mega-projects alone; it also encompasses the modernization of existing cities and towns. The government’s push towards improving the quality of life for its citizens includes upgrading housing, healthcare, and educational facilities, all of which require significant investments in electrical and telecommunication systems. This widespread development drives the demand for various types of wires and cables, including power cables for reliable electricity distribution, fiber optic cables for high-speed internet, and specialized cables for industrial applications.

The expansion of transportation infrastructure, such as the construction of new airports, railways, and highways, further fuels the demand for wires and cables. These projects require robust and efficient electrical systems to ensure safety and reliability. The integration of smart technologies in urban infrastructure also demands advanced cabling solutions capable of supporting high data transfer rates and enhanced connectivity.

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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.

Based on region, Makkah is emerging as the fastest-growing region in the Saudi Arabia Wires & Cables Market due to several key factors driven by rapid urbanization, infrastructure development, and strategic investments. Makkah, as one of the most important religious, cultural, and economic centers in Saudi Arabia, is experiencing unprecedented growth, which significantly impacts the demand for electrical products, including wires and cables. 

Makkah is witnessing a surge in large-scale infrastructure and construction projects, particularly in the real estate and hospitality sectors. With millions of pilgrims visiting Makkah annually for Hajj and Umrah, the demand for hotels, residential complexes, transport systems, and other public infrastructure has risen sharply. These projects require extensive amounts of wiring and cabling solutions for power distribution, telecommunications, and lighting systems, propelling the demand for high-quality wires and cables. Makkah's status as the Islamic world’s spiritual center drives continuous investment into tourism infrastructure. The Makkah Development Plan and projects like the King Abdulaziz International Airport expansion and the Mashaer Railway are designed to accommodate the growing number of pilgrims and tourists. These mega-projects require substantial quantities of electrical cables for everything from lighting to communication networks, making Makkah a hub for the wires and cables market. 

Saudi Arabia’s Vision 2030 plans, which focus on diversifying the economy and boosting non-oil sectors, have further fueled investments in infrastructure, residential, and commercial developments across Makkah. The government’s emphasis on modernizing cities and creating smart infrastructure directly correlates with increased demand for advanced electrical systems and cables. With Makkah's expanding population and increasing economic activity, there is a growing demand for residential and commercial developments, further driving the need for wires and cables in electrical, power, and networking systems.

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 advance Wires & Cables.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Wires & Cables Market By Voltage (Low, Medium, High, Extra High) By Product (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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