Middle East & Africa Medium Voltage Cable and Accessories Market

The Middle East & Africa medium voltage cable and accessories market  was valued at US$ 1,979.83 million in 2022 and is expected to reach US$ 2,544.36 million by 2030; it is estimated to grow at a CAGR of 3.2% from 2022 to 2030.

Advancements in Cable Technology Fuels the Middle East & Africa Medium Voltage Cable and Accessories Market

With underground cable systems' growing popularity and applicability worldwide, various technological advancements have been made to overcome the various limitations of medium voltage cables. Most of these innovations are made in advancements of material for insulation and voltage grade. The rise in the area of material science development has led to the production of better-quality polymers that are capable of achieving the required mechanical and electrical properties of the cable. For instance, the introduction of Teflon cables, which are capable to withstand up to 250°C, has become an alternative solution to conventional polymer cables that can usually withstand temperatures up to 70°C. Furthermore, alternative conductors have already been discovered that can replace high-cost copper. In addition, various companies are introducing cables that can reduce greenhouse gas emissions. For instance, in May 2023, Nexans launched a new range of low-carbon distribution grid cables. These new low and medium-voltage cables can help to reduce greenhouse gas emissions by ~35–50%. With this, the company will further help to reduce the emissions from the aluminum conductor, which accounts for 70–90% of the total carbon footprint, followed by plastics. Moreover, similar advancements have also been witnessed in the overhead cables. Such developments are likely to increase the deployment of new cable technologies in various end-use industries, which is expected to fuel the medium voltage cable and accessories market growth in the coming years.

Middle East & Africa Medium Voltage Cable and Accessories Market  Overview

The Middle East & Africa includes South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Construction and infrastructural sectors in the Middle East & Africa are witnessing high growth. The construction sector in the region has seen significant changes due to rising trade liberalization, internationalism, and globalization. Several countries in the region are engaging in various global events, leading to infrastructure development and strengthening economies. In addition, the countries in the region are expecting to attract large foreign investments in their infrastructure and construction industries. Due to the UAE’s strong development agenda and the subsequent focus on industrial, energy infrastructure, and transportation, the country aims to attract ~US$ 150 billion in foreign direct investment (FDI) by 2030, fueling the growth in the country’s construction sector. Similarly, the construction industry in Saudi Arabia is expected to register a CAGR of 5.6% from 2022 to 2027 due to the growing government spending on infrastructural projects, such as roads, railways, airports, power plants, and housing. Thus, growth of the construction industry in the region would boost the demand for medium voltage cables and accessories to provide an uninterrupted power supply in the coming years.

Furthermore, the oil & gas sector consists of various exploration and production activities that require an uninterrupted supply of power, raising the demand for medium voltage cable and accessories in the region. According to the General Authority for Statistics (GASTAT), oil activities increased to 23.1% in Q2 of 2022 from 20.3% in Q1 of 2022. Similarly, according to Abu Dhabi National Oil Company (ADNOC), the UAE’s hydrocarbon reserves increased by 2 billion stock tank barrels (STB) of oil and 1 trillion standard cubic feet (TSCF) of natural gas in 2022. Moreover, in January 2023, 2Africa announced the deployment of subsea cable in the Vodacom network facility in Gqeberha, South Africa. Thus, the launch of such cable networks propels the growth of the Middle East & Africa medium voltage cable and accessories market.

Exhibit: Middle East & Africa Medium Voltage Cable and Accessories Market  Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Medium Voltage Cable and Accessories Market  Segmentation

The Middle East & Africa medium voltage cable and accessories market is segmented into installation, product, voltage, end user, and country.

Based on installation, the Middle East & Africa medium voltage cable and accessories market  is classified into overhead, underground, and submarine. The underground segment held the largest share in 2022.

In terms of product, the Middle East & Africa medium voltage cable and accessories market  is categorized into MI, terminations, joints, and XLPE Cables. The terminations segment held the largest share in 2022.

By voltage, the Middle East & Africa medium voltage cable and accessories market  is segmented into 1 to 5, 6 to 13, 23, 34, 45, and 69. The 6 to 13 segment held the largest share in 2022.

Based on end user, the Middle East & Africa medium voltage cable and accessories market  is segmented into industrial, infrastructure, and renewables. The industrial segment held the largest share in 2022.

Based on country, the Middle East & Africa medium voltage cable and accessories market is segmented South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa medium voltage cable and accessories market in 2022.

ABB Ltd, El Sewedy Electric Co, Nexans SA, NKT AS, Prysmian SpA, and The Okonite Co some of the leading companies operating in the Middle East & Africa medium voltage cable and accessories market. 

Middle East & Africa Medium Voltage Cable and Accessories Strategic Insights

Strategic insights for the Middle East & Africa Medium Voltage Cable and Accessories provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Medium Voltage Cable and Accessories Report Scope

Middle East & Africa Medium Voltage Cable and Accessories Regional Insights

The geographic scope of the Middle East & Africa Medium Voltage Cable and Accessories refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.