Middle East and Africa High Voltage Cables and Accessories Market – Growth & Forecast (2024

Middle East and Africa High Voltage Cables and Accessories Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

High voltage cables are used when the underground transmission is required, and these cables are arranged in ducts or may be buried in the ground. High-voltage cables of various types having a variety of applications in instruments, ignition systems, and AC and DC power transmission. In all applications, the insulation of the cable must not eradicate due to the high-voltage stress, ozone produced by electric discharges in air, or tracking.

The Middle East & Africa high Voltage Cables and Accessories Market Segments Size & Growth:

The Middle East & Africa high voltage cables and accessories market size are projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include a requirement for efficient transmission systems, projects for grid Interconnections, the growth of offshore wind farms, and growing demand for advanced technologies for reducing power cut & increasing efficiency of power transmission. However, volatile prices of raw materials and regulatory, environmental, & complex authorisation procedures leading to delays are thereby hindering the market growth. Various opportunities for high voltage cables and accessories market include offshore wind policies in emerging countries, adoption of smart-grid technology, and rising power generation capacity.

The Middle East & Africa high Voltage Cables and Accessories Market Segments Share:

The Middle East & Africa high voltage cables and accessories market are categorised into a type which comprises overhead, underground, and submarine. Among them, the underground segment is projected to hold the largest share. Lower transmission loss and maintenance costs, no release of electric fields, and can easily absorb power load are the major factors that are propelling the growth of the

Middle East and Africa High Voltage Cables and Accessories Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

segment in high voltage cables and accessories market. By product, the market is segmented into conductors, fittings & fixtures, XLPE cables, MI cables, and others. The XLPE cables segment is anticipated to hold the largest share in the market because of the investments in the transmission and distribution sector, increasing power generation, and growth in offshore wind farms. All these factors are expected to fuel the XLPE cables segment in high voltage cables and accessories market.

By voltage, the market is segmented into 72.5 KV, 123 KV, 145 KV, 170 KV, 245 KV, 400 KV and above. Among them, the 400 KV segment is expected to hold the largest share in the market because of the liking of grids and transmission infrastructure between countries. These cables find various applications in transmission and distribution, grid interconnection, and others. By end-users, the market is segmented into industrial, renewables, infrastructure, and others. The industrial segment is further sub-segmented into utilities, oil & gas, mining & metals, chemicals & petrochemicals, cement & manufacturing, and others. The renewable segment is further segmented into wind and solar. The infrastructure segment is segmented into transportation, and commercial & residential. The industrial segment is expected to hold the largest share in the market, and the factors boosting the and increasing demand

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Middle East and Africa High Voltage Cables and Accessories Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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