Middle East & Africa Power and Control Cable Market Size - By Product (Power Cable, Control Cable), By Voltage (Low Voltage {Power Cable, Control Cable}, Medium Voltage, High Voltage), By Application (Utilities, Industries), & Forecast, 2024 - 2032

Middle East & Africa Power and Control Cable Market Size - By Product (Power Cable, Control Cable), By Voltage (Low Voltage {Power Cable, Control Cable}, Medium Voltage, High Voltage), By Application (Utilities, Industries), & Forecast, 2024 - 2032

Middle East & Africa Power and Control Cable Market will grow at over 6.9% CAGR from 2024 to 2032 due to investments in solar and wind power projects, coupled with innovations in cable design and materials. With the intensifying focus on renewable energy in the region, specialized cables for energy collection and distribution have become crucial.

Moreover, advancements in cable technology are helping to enhance efficiency and safety for catering to the evolving needs of these projects. This dual trend of renewable energy investments and technological innovations will fuel the industry expansion. For instance, in June 2022, Remee Wire & Cable unveiled Renewables™, an expanded line of cables tailored for solar and wind power systems. These cables, crafted for power collection and distribution, cater to the needs of renewable energy generation. The growing emphasis on renewable energy initiatives, particularly in solar and wind power projects, along with the shift towards sustainable energy solutions will add to the regional product demand.

The MEA power and control cable market is classified into product, voltage, application, and country.

The low voltage segment will witness a noteworthy CAGR between 2024 and 2032, owing to the expanding residential and commercial sectors in the region, which require reliable and cost-effective electrical solutions. Low voltage cables find extensive applications in buildings, infrastructure, and industrial machinery. With the growing emphasis on energy efficiency and safety, coupled with the rise in construction activities, the demand for low voltage components will rise for catering to the diverse needs of the region.

In terms of application, the industries segment in the MEA power & control cable market will witness remarkable growth by 2032, driven by the thriving industrial sectors across the region. Industries, such as oil and gas, manufacturing, and mining have substantial requirements for reliable and specialized power and control cables. These cables are essential for equipment, machinery, and power distribution within these sectors. With ongoing industrial growth and the need for efficient electrical infrastructure, the segment will maintain steady growth.

Saudi Arabia power and control cable market size will grow at a significant CAGR from 2024 to 2032, attributed to its strategic investments in infrastructure and ambitious industrial projects. As the largest economy, the focus on sectors like oil & gas, construction, and renewable energy in Saudi Arabia is driving the demand for power and control cables. With the burgeoning construction sector and ambitious renewable energy goals, the country will stand as a primary contributor to the Middle East & Africa market.