Summary

The growing demand for power in the region is likely to drive the Middle East and Africa wire and cable industries. Increasing urban population growth has resulted in increased construction activity in the commercial, residential, industrial, and infrastructural sectors, particularly in developing economies. This, in turn, directly increases demand for energy generation and distribution, bolstering the MEA wire and cable market. Furthermore, the growing emphasis on renewable energy generation has resulted in the building of new power grids and distribution lines. This, in turn, is fueling the expansion of the MEA wire and cable market. Several countries in the region are participating in major global events, which are resulting in the development of infrastructure and the strengthening of economies. Furthermore, the countries are likely to attract a significant amount of international investment in their infrastructure and building industries. The region's ever-increasing population is driving up demand for housing and other basic infrastructure, and several governments across the MEA are prioritising renewable energy generation in response to rising energy demand and environmental concerns. By 2030, the African Renewable Energy Initiative intends to create at least 300 GW of renewable electricity for Africa. Increased investment in new renewable power facilities as a result of such programmes is increasing demand for wire and cable. Smart city initiatives are one of the latest trends in wire and cable in the Middle East and Africa (MEA) region. Governments in the region are investing heavily in smart city projects, which are expected to create a significant demand for wire and cable products.

According to the research report, “Middle East and Africa Wire and Cable Market, Outlook, 2028", published by Bonafide Research, the market is expected to reach market size of more than USD 15 Billion by 2028. Governments in the MEA region have invested heavily in infrastructure projects, such as roads, railways, and power plants. This has created a demand for wire and cable products to support these projects. Smart cities are characterized by the widespread use of smart devices, such as sensors, actuators, and meters. These devices generate a large amount of data that needs to be collected, transmitted, and processed. This is driving the demand for high-speed, high-quality wire and cable products. Smart cities rely on a reliable and secure infrastructure to function. This includes the need for robust networks that can handle the high volume of data generated by smart devices. Wire and cable products play a critical role in ensuring the reliability and security of smart city infrastructure. Smart city infrastructure is often exposed to harsh environmental conditions, such as extreme heat and cold, dust, and moisture. Wire and cable products must be flexible and durable enough to withstand these conditions. Copper and aluminum are widely used as conductive materials in wire and cable manufacturing. Copper is preferred for its excellent electrical conductivity, while aluminum offers cost advantages for certain applications. Various insulation materials are employed to protect the conductors and prevent electrical leakage. Some commonly used insulation materials include polyvinyl chloride (PVC), cross-linked polyethylene (XLPE), ethylene propylene rubber (EPR), and polyethylene (PE). Futhermore, several countries in the MEA region, including the United Arab Emirates, Saudi Arabia, Morocco, and Egypt, have been making significant investments in renewable energy projects. This has led to an increased demand for specialized cables used in solar power, wind power, and other renewable energy installations.

The Optical fiber cable is gaining popularity in the market of wire and cable in MEA. The MEA region has witnessed a significant increase in internet usage and data consumption, driven by factors such as the proliferation of smartphones, e-commerce growth, and digital transformation. Optical fiber cables provide high-speed and reliable internet connectivity, making them ideal for meeting the increasing bandwidth requirements. Governments and telecommunication companies in the MEA region are investing heavily in expanding and upgrading their telecommunication networks. Optical fiber cables offer superior transmission capabilities compared to traditional copper cables, enabling the seamless transmission of voice, data, and video signals over long distances without signal degradation. The rise of video streaming platforms and over-the-top (OTT) services has led to a surge in demand for high-quality video content. Optical fiber cables offer the necessary bandwidth to deliver high-definition video streaming without buffering or quality degradation, enhancing the user experience. Optical fiber cables have a longer lifespan compared to copper cables and require less maintenance. Their high bandwidth capabilities make them future-proof, capable of supporting emerging technologies and higher data transmission rates without the need for significant infrastructure upgrades.

As the adoption of electric vehicles grows, the need for a robust and widespread charging infrastructure becomes crucial. This infrastructure relies on a network of charging stations, which require extensive wiring and cabling to transmit electricity from the grid to the charging points. This surge in demand for EV charging infrastructure has directly contributed to the growth of the wire and cable market in the MEA region. EVs are often seen as part of a larger sustainable and eco-friendly ecosystem. To support the charging of electric vehicles, many countries in the MEA region are expanding their renewable energy generation capacity, such as solar and wind power. This expansion requires additional wire and cable infrastructure to connect renewable energy sources to the electrical grid, facilitating the charging of electric vehicles with clean energy. Electric vehicles typically require higher power levels for charging compared to traditional electrical appliances. This necessitates the use of cables capable of handling high currents, ensuring efficient power transmission and minimizing losses. Wire and cable manufacturers are developing specialized cables that can withstand the higher power demands of EV charging, thus driving the demand for such products in the market. Electric vehicles have the potential to be integrated with smart grid systems, enabling bidirectional energy flow and vehicle-to-grid (V2G) capabilities. This integration requires advanced wire and cable technologies to facilitate communication and energy transfer between EVs, charging stations, and the electrical grid. The development of smart grid infrastructure further contributes to the demand for wire and cable products in the MEA region.

Recent developments:
• Prysmian Group has opened a new wire and cable manufacturing plant in Egypt. The plant has a capacity of 100,000 kilometers of cable per year and will serve the Egyptian market as well as export to other countries in the region.
• ABB has launched a new range of low-voltage cables for the MEA market. The cables are designed to meet the specific requirements of the region, including high temperatures and dust.
• Nexans has opened a new research and development center in Saudi Arabia. The center will focus on developing new wire and cable technologies for the MEA market, including smart grid and renewable energy applications.
• Siemens has signed a memorandum of understanding with the Saudi Electricity Company to develop a new wire and cable manufacturing plant in Saudi Arabia. The plant is expected to be operational by 2025.
Major companies present in the market:
Nexans S.A., Prysmian S.p.A., Furukawa Electric Co., Ltd. , Amphenol Corporation, Belden Incorporated, Te Connectivity, Leoni AG, Corning Incorporated , Havells India Limited, Fujikura Ltd., Riyadh Cables Group, Hengtong Group, LS Cable & System Ltd. , KEI Industries Ltd., Elsewedy Electric Co S.A.E.

Considered in this report
• Geography: Middle East & Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Middle East & Africa Wire and Cable market with its value and forecast along with its segments
• Country-wise Wire and Cable market analysis
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries Covered in the report:
• UAE
• Saudi Arabia
• South Africa

By Voltage Type
• Low Voltage
• Medium Voltage
• High Voltage
• Optical Fiber Cable

By End User:
• 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 report of companies, analysing the 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 conducted 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 group, 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 Wire and Cable industry, 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.





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