Middle East & Africa Submarine Power Cable Market

The Middle East & Africa submarine power cable market is expected to grow from US$ 164.24 million in 2021 to US$ 242.29 million by 2028. It is estimated to grow at a CAGR of 5.7% from 2021 to 2028.

Rise in Development of Underwater Data Center is Driving the Middle East & Africa Submarine Power Cable Market

Underwater data centers have been gaining momentum over the years owing to various factors such as lack of space above the ground, increased effectiveness due to fewer failures, and serving a larger section of people at a lower cost. These factors have increased the investment on underwater data centers. Two type of submarine cables are used in these data centers that is one for transferring data and the other are power cables for powering the whole data center and its operations under the sea. These factors are expected to increase the demand for subsea cable systems, thereby creating lucrative demand for submarine power cables for powering the whole data center operations below the sea, thereby contributing to the growth of the Middle East & Africa submarine power cable market.

Middle East & Africa Submarine Power Cable Market Overview  

The Middle East & Africa submarine power cable market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East and Africa. The oil and gas landscape in the Middle East has changed dramatically in recent years with investments in a wider range of projects, including LNG and technical offshore projects. This trend is expected to continue in the coming years with a projected offshore exploration spending of fivefold by 2025. A few of the major projects ongoing across the region include the enhancement of the production capacity of Zakum in Abu Dhabi, and Abu Dhabi Northwest Development – Hail and Ghasha Sour Gas. Such a rise in investments in offshore oil and gas plants is expected to trigger the demand for submarine power cable systems across the Middle East & Africa.

Samsung C&T Corporation has given Sumitomo Electric Industries, Ltd. a limited notice to proceed (LNTP) to supply a high-voltage direct current (HVDC) cable to Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates (UAE). Sumitomo Electric's state-of-the-art 400 kV DC Cross-Linked Polyethylene (XLPE) cable technology was used to build the Middle East's first submarine HVDC network (route length of approximately 140 km). By 2050, the United Arab Emirates has set a national objective of zero greenhouse gas emissions (Net-zero by 2050 Strategic Initiative). This project intends to produce a considerable decrease in CO2 emissions by supplying sustainable power from the mainland via the HVDC transmission infrastructure connecting the UAE mainland with Das Island in the Persian Gulf, in accordance with the plan.

Middle East & Africa Submarine power cable Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Submarine Power Cable Strategic Insights

Strategic insights for the Middle East & Africa Submarine Power Cable 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 Submarine Power Cable Report Scope

Middle East & Africa Submarine Power Cable Regional Insights

The geographic scope of the Middle East & Africa Submarine Power Cable 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.

Middle East & Africa Submarine power cable Market Segmentation

The Middle East & Africa submarine power cable market is segmented into type, conductor material, voltage, application, and country.

Based on type, the Middle East & Africa submarine power cable market is bifurcated into multicore, single core. The single core segment accounted for the highest share in the Middle East & Africa submarine power cable market in 2021.

Based on conductor material, the Middle East & Africa submarine power cable market is segmented into copper and Aluminum. The copper segment accounted for the highest share in the Middle East & Africa market in 2021. 

Based on voltage, the Middle East & Africa submarine power cable market is segmented into high voltage, and medium voltage. The high voltage accounted for a higher share in the Middle East & Africa submarine power cable market in 2021.

Based on application, the Middle East & Africa submarine power cable market is segmented into offshore oil and gas, offshore wind power, inter-country and island connection, and others. The offshore wind power segment accounted for the highest share in the submarine power cable Middle East & Africa market in 2021.

Based on country, the Middle East & Africa submarine power cable market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa submarine power cable market share in 2021.

Sumitomo Electric Industries Ltd; FURUKAWA ELECTRIC CO. LTD; HENGTONG GROUP CO. LTD; KEI Industries Limited; LS Cable & System Ltd; Hydro Group Plc; and ZT International Ltd are the leading companies operating in the Middle East & Africa submarine power cable market.