Saudi Arabia Medium Voltage Cable Market Overview, 2028

Saudi Arabia Medium Voltage Cable Market Overview, 2028

The medium voltage cable marketof Saudi Arabia includes the manufacture, distribution, and installation of cables used to transport energy at medium voltage levels. Medium voltage cables are utilised in a variety of applications, including power transmission and distribution infrastructure, and typically run in the voltage range of 1 kV to 36 kV. These cables are critical in carrying electricity from power generation sources to end users in industries, utilities, commercial buildings, residential areas, and infrastructure projects. Medium voltage cables are available in a variety of materials, including XLPE (cross-linked polyethylene) cables, MI (Mineral Insulated) cables, and PILC (paper-insulated lead-covered) cables. The type of cable used is determined by criteria such as voltage requirements, climatic conditions, and installation requirements. Saudi Arabia's medium voltage cable business has expanded significantly in recent years. The country's developing infrastructure, industrial expansion, and rising energy consumption all have an impact on market size. The market is expected to expand further as a result of increasing investments in industries such as construction, oil and gas, power generation, and renewable energy. The demand for medium voltage cables is driven by infrastructure projects such as mega-construction projects, industrial cities, and residential complexes. The country's Vision 2030 plan and National Transformation Programme (NTP) emphasize the importance of infrastructure development, boosting the market for medium voltage cables even further.

According to the research report ""Saudi Arabia Medium Voltage Market Overview, 2028,"" published by Bonafide Research, The Saudi Arabia medium voltage cable market was valued at above USD 934.32 million in 2022. The Saudi Standards, Metrology, and Quality Organisation (SASO), the Saudi Electricity Company (SEC), the Saudi Council of Engineers (SCE), the Saudi Contractors Authority (SCA), and the Electrical Industries Company (EIC) are some of the key associations in the Saudi medium voltage cable market. These organisations play critical roles in standardisation, industry regulation, technical expertise, and networking possibilities. They ensure that safety and quality criteria are met, supervise the installation and usage of medium voltage cables, and assist in the growth and development of the Saudi market. Riyadh Cables Group, Alfanar, Saudi Cable Company (SCC), BICC Saudi Arabia, and Arabian Cables Company are among the leading firms and manufacturers in the Saudi medium voltage cable market. These firms specialize in the manufacture of medium-voltage cables and are well-known for their quality and dependability. They serve a variety of industries, including power distribution, infrastructure, and oil and gas. These enterprises contribute to the local supply of medium voltage cables through their large manufacturing and distribution networks, thereby supporting the country's infrastructure development and satisfying the growing demand for efficient and safe power transmission solutions.

Saudi Arabia's production and use of medium voltage cables are substantial due to the country's ongoing infrastructural expansion, industrial growth, and rising energy demands. While particular production and consumption data may vary, the market is sustained by a mix of domestic and imported goods. Saudi Arabia promotes domestic production of medium voltage cables in order to reduce reliance on imports and strengthen domestic manufacturing skills. Riyadh Cables Group, Alfanar, Saudi Cable Company (SCC), and Arabian Cables Company have established manufacturing plants in the country. These companies create a wide range of medium voltage cables to fulfill domestic demand and frequently export to regional markets. Various factors influence the use of medium voltage cables in Saudi Arabia. Infrastructure development initiatives in the country, such as the construction of residential complexes, industrial cities, and power generation facilities, all contribute to the demand for medium-voltage cables. Growing population, urbanisation, and an expanding industrial sector all contribute to the demand for dependable power transmission and distribution infrastructure.

Saudi Arabia has made major investments in infrastructure development, including residential and commercial building construction, industrial facilities, and power generation projects. As a result, the demand for medium-voltage cables to support power transmission and distribution networks has skyrocketed. The country's expanding industrial sector, which includes oil and gas, petrochemicals, manufacturing, and mining, has resulted in a high need for medium-voltage cables. To maintain their operations and satisfy rising energy demands, these industries require dependable and efficient power transmission technologies. Saudi Arabia has been aggressively pursuing renewable energy projects, particularly in the solar and wind industries. These projects necessitate medium-voltage cables for the transmission of renewable energy to the grid, which contributes to market growth. Fluctuations in the overall economic conditions, both inside Saudi Arabia and abroad, can have an impact on infrastructure development and industrial operations. Economic downturns may reduce demand for medium-voltage cables. Changes in government rules, standards, or policies relating to the energy sector or the building industry might have an impact on the demand for medium-voltage cables. Changes in rules may necessitate the use of new technologies or materials, altering market dynamics.

Saudi Arabia is continuing to invest in large-scale infrastructure projects, such as residential complexes, commercial buildings, industrial facilities, and transportation networks. These projects have increased the demand for medium voltage cables to help support the electrical grid. As part of its Vision 2030 policy, the Saudi government has actively promoted renewable energy projects such as solar and wind farms. As a result, the demand for medium voltage cables to connect these renewable energy sources to the national grid has skyrocketed. As part of economic recovery efforts, there is a greater emphasis on infrastructure investment. Digitalization and automation in the construction and industrial sectors are accelerating, increasing the need for dependable power transmission solutions. Disruptions in the worldwide supply chain, cause delays in the delivery of raw materials and cable components. Construction activities are temporarily suspended or slowed, and projects are delayed as a result of lockdowns and social separation measures.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Saudi Arabia medium voltage cable with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Installation Type:
• Overhead
• Underground
• Submarine

By End Users:
• Power Infrastructure (Energy, Power Transmission, and Distribution)
• IT & Telecommunication
• Building & Construction (Commercial and Residential)
• Aerospace & Defence
• Consumer Electronics
• Automotive (Passenger, Commercial, and Utility Vehicles)
• Others (Oil & Gas Industry, Industrial Machinery and Manufacturing, Medical Equipment, Logistics, etc.)


The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Medium Voltage Cable market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.