GCC Cable Accessories Market

GCC Cable Accessories Market Overview:

The GCC cable accessories market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Cable accessories are essential components and equipment for connecting cables and insulating conductors. It includes terminations, joints, splices, connectors, end caps, cable lugs, and breakouts. Cable accessories are widely used to connect, seal, and insulate different cables. They are also utilized for establishing the transmission and distribution network (T&D) for electricity, telephone, and internet systems. Cable accessories offer additional strength, improve durability, and enhance service life. In addition, they protect cables from the degradation and corrosion caused by environmental stress, climatic conditions, ultraviolet (UV) light, and long-term deterioration. As a result, cable accessories find extensive applications across the electrical transmission, power generation, construction, manufacturing, railways, and shipping industries.

A significant increase in power consumption is one of the key factors driving the growth of the market in the GCC region. Cable accessories are widely employed to install new transmission lines due to increasing power generation capacity and rising energy consumption. Additionally, the rising adoption of cable accessories in residential, commercial, and industrial settings to provide reliable connections between energy cables and ensure the long service life of cable networks is creating a positive outlook for the market.  Moreover, the rapid upgradation of existing grid systems by replacing conventional grids with smart grid infrastructure is acting as another growth-inducing factor. Apart from this, rising product demand due to increasing investments by regional governments in renewable electricity projects, such as wind, solar, waste-to-energy, and geothermal power plants, is positively influencing the market growth. Furthermore, the widespread product utilization to establish high-speed communication networks and facilitate the increasing demand for reliable internet service is providing an impetus to the market growth. Other factors, including increasing demand for green energy sources, rapid establishment of airports, transportation, shipping, railways, hotels, and healthcare facilities, and increasing product utilization in the manufacturing industry, are anticipated to drive the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC cable accessories market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC cable accessories market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC cable accessories market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC cable accessories market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC cable accessories market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC cable accessories market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC cable accessories market industry. Furthermore, the value chain analysis of the GCC cable accessories market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Cable Accessories Market Segment Insights:

The GCC cable accessories market has been analysed as followed:

By Voltage:

• Low Voltage Cable Accessories
• Medium Voltage Cable Accessories
• High Voltage Cable Accessories

By Installation:

• Overhead Cable Accessories
• Underground Accessories

By End User:

• Industrial
• Renewables

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Cable Accessories Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC cable accessories market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs