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Levant Power Cable Market Size, By Product (Power, Control), By Voltage (HV, MV, LV), By Application (Oil & Gas, Construction, Utility, Manufacturing, And Transport), Industry Analysis Report, Regional Outlook (Cyprus, Egypt, Iraq, Israel, Jordan, Lebanon, Palestine, Syria, And Turkey), Price Trends, Competitive Market Share & Forecast, 2017 – 2024
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Levant Power Cable Market, Regional Outlook & Forecast 2017 - 2024 Levant Power Cable Market Size, By Product (Power, Control), By Voltage (HV, MV, LV), By Application (Oil & Gas, Construction, Utility, Manufacturing, And Transport), Industry Analysis Report, Regional Outlook (Cyprus, Egypt, Iraq, Israel, Jordan, Lebanon, Palestine, Syria, And Turkey), Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Global Market Scenario of Levant Power Cable • Levant Power Cable Market share will surpass USD 6 billion by 2024, as reported in the latest study by Global Market Insights, Inc. • Growing investments towards infrastructure development among war affected countries including Syria and Iraq will drive the levant power cable market size. • Growing government and private funding to refurbish the war affected public assets will drive the levant power cable market size. • Government of Iraq signed a strategic agreement with Siemens to strengthen and upgrade the country’s traditional energy infrastructure with the modern and secured systems. • In 2016, Iraq invested USD 358 billion toward construction projects post-civil war.
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Products Insights • MV power cable market is set to exceed USD 2 billion by 2024 owing to its high adaptability across the transmission and distribution applications. In 2016, Egyptian Electricity Transmission Company (EETC) announced an investment of over USD 1.6 billion towards the strengthening of its existing transmission network. • Growing measures to re-establish the communication networks including telecom will propel the demand for data and control cables. Introduction of IoT and other smart communication networks across manufacturing, mining and upstream O&G will positively drive the levant power cable market.
Regional and Competitive Insights • Syria power cable market is witnessing significant downturn on account of internal conflicts between government and rebels. However, post-civil war the industry is poised to witness exponential growth subject to growing construction spending toward rebuilding of affected areas. • Turkey power cable market is set to exceed USD 2 billion by 2024. Favourable industrial law along with ideal geographic location has always attracted the global investors to invest in. Ongoing expansion programs across energy, transport and communication sector will further supplement the business outlook. • Key players across the Levant power cable market include Bahra, Riyadh Cables, MESC Jordan, Nexans, KEI Limited, Prysmian, The Okonite Company, Southwire Company, Belden, Oman Cables, Saudi Cables, Sumitomo Electric, DUCAB, Nuhas Oman, and El-Sewedy.
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