(MENAFN- America News Hour) According to the Graphical Research new growth forecast report
titled 'Middle East Power And Control Cable Market Value By Product (Power
Cable, Control Cable), By Voltage (HV, MV, LV (LV Power, LV Control)), By
Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)),
Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market
Share & Forecast', to Flourish during 2020-2026. Middle East Power and
Control Cable Market Share is anticipated to witness substantial growth on
account of favorable government policies toward upgradation of existing T & D
infrastructure. Moreover, the growing inclination towards the expansion of
existing system to cater the demand-supply mismatch will further boost the
product installation over the forecast period.
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Growing emphasis of smart systems to establish effective
communication network will propel the control cable market in the middle east.
High efficiency coupled with the versatile usage will drive the implementation
of these cables across various upcoming smart city projects. Moreover,
extensive applications across various data centers will further fuel the
product demand over the forecasted period.
Rising investments towards development of high capacity HV &
EHV networks to meet growing electricity demand from industrial centers will
enhance the deployment of HV cables. These cables are mainly designed for long
distance power transmission with low losses . The expansion and development of
new transmission networks to compensate the requirement of electricity across
the region will further boost the product requirement.
The ongoing efforts towards the deployment of high efficiency
cables in the upcoming smart cities will rise the demand of the product. The
reduced installation and maintenance cost will further boost the product
deployment in the region. Moreover, continuously growing regional population
along with surging demand for uninterrupted and reliable power will enhance the
Middle East power and control cable market outlook over the forecast period.
The rising industrialization along with subsequent increase in
power demand will enhance the Saudi Arabia power and control cable market.
Moreover, efforts to reduce the dependency on existing conventional power
stations will further drive industry growth. For instance, according to Saudi
Vision 2030 established in 2016, the regulators have set target to produces 30%
of its energy from conventional resources by 2030.
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The aggressive research and development measures by key players
to maintain high quality standards and reduce existing cost structure will
raise the industry potential over the forecast period. In addition, the rising
investments towards reconstruction of war affected countries along with
expansion of existing of power distribution systems will fuel the Middle East
power and control cable industry size significantly.
The key players operating across Middle East Power and Control
Cable industry are LS Cable & System, Southwire company, Saudi Cables,
Ducab Cables, Oman Cables, El-Sewedy Cables, Nexans, Prysmian, Sumitomo
Electric, and Riyadh Cables Industries amongst others.
Middle East Power and Control Cable Market research report
includes in-depth coverage of the industry with estimates & forecast in
terms of revenue in USD million from 2015 to 2026, for the following segments:
Middle East Power and Control Cable Market Share, By
Product
- Power Cable
- Control Cable
Middle East Power and Control Cable Market Size, By
Voltage
Middle East Power and Control Cable Market Share, By
Application
- Power Plants
- Oil & Gas
- Cement
Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1290/middle-east-power-and-control-cable-market
About Graphical Research:
Graphical
Research is a business research firm that provides industry insights, market
forecast and strategic inputs through granular research reports and advisory
services. We publish targeted research reports with an aim to address varied
customer needs, from market penetration and entry strategies to portfolio
management and strategic outlook. We understand that business requirements are
unique: our syndicate reports are designed to ensure relevance for industry
participants across the value chain. We also provide custom reports that are
tailored to the exact needs of the customer, with dedicated analyst support
across the purchase lifecycle.
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Graphical Research
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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