Middle East and Africa Medium Voltage Cable Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Installation Type (Overhead Cables and Accessories, Underground Cables and Assemblies, and Submarine Cables and Accessories) and End-Users (Oil and Gas, Energy and Power, Mining, Manufacturing, Transportation, Commercial, and Residential)
Market Introduction
Rising need for electricity across the MEA is expected to drive the medium voltage cable market. Growth in urban population, particularly in developing economies, has resulted in increased construction activities in commercial, residential, industrial, and infrastructure sectors. This, in turn, is directly creating more demand for electricity generation and distribution, which is boosting the deployment of medium voltage cables for MEA region. Furthermore, rising focus on power generation through renewable energy sources has further resulted in development of new power grids as well as distribution lines. This, in turn, is bolstering the growth of the MEA medium voltage cable market. Several countries in the region are engaging themselves in various global events, leading to the development of infrastructure and strengthening of economies. In addition, the countries are also expected to attract plenty of foreign investments in their infrastructure and construction industries. The constantly rising population of the region is leading to high demand for housing and other basic infrastructure. As per the United Nations Department of Economic and Social Affairs, Africa is anticipated to account for over half of the world’s total population growth during 2015–2050. In Gulf Cooperation Council (GCC), increased demand for electric power is likely to propel the medium voltage cable market growth. The market players are looking forward to making their mark in the medium voltage cable industry by consistently striving to shape up and diversify their corporate structures and product offerings. The UAE and Saudi Arabia together dominate the medium voltage cable market in the MEA due to high power generation. Projects such as the Mohammed Bin Rashid Solar Park in Dubai and Masdar’s Shams 1 in Abu Dhabi are major factors propelling the demand for medium voltage cables in the UAE.
Moreover, in case of COVID-19, MEA is highly affected specially the South Africa. To reduce the impact of COVID–19, the governments in the MEA region have adopted contingency plans such as complete lockdown and a 24-hour sterilization program. The introduction of lockdowns has resulted in a halt of construction activities in the region. The slowdown in construction activities in the region has directly impacted medium voltage cable sales in the region. Also, most businesses in the region have come to a halt and are expected to continue slower than the usual pace. The countries are taking significant containment measures to reduce the number of infected patients. COVID-19 pandemic outbreak, which has severely affected the construction industry and oil & gas industry projects, resulted in the declining sales of the medium voltage cable in the MEA. Several giants in the African oil & gas industry, such as ExxonMobil, Total SE, BP, and Royal Dutch, reduced their CAPEX by more than 20% in 2020. It has resulted in getting upcoming projects delayed or stalled. The decline in FDI flows across the region. However, positive demand has been noticed from ongoing renewable energy projects in the MEA region.
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Market Overview and Dynamics
The MEA medium voltage cable market is expected to grow from US$ 2,365.3 million in 2019 to US$ 3,300.1 million by 2027; it is estimated to grow at a CAGR of 5.51 % from 2020 to 2027. Burgeoning renewable energy generation is expected to escalate the MEA medium voltage cable market. Various governments across the MEA are prioritizing the generation of renewable energy owing to increasing energy demand and rising environment concerns. The African Renewable Energy Initiative has plans to generate at least 300 GW of renewable electricity for Africa by 2030. Such initiatives are resulting in increased investments in new renewable power plants, which is boosting the demand for medium voltage cables for MEA region. Ongoing major renewable energy projects across the MEA include Inga 3 Hydroelectric power project in Republic of Congo. The growth in development of renewable power plants is propelling the MEA medium voltage cable market as these cables are significantly used as a primary connection between the renewable energy system and the power network.
Key Market Segments
In terms of installation type, the overhead cables and accessories segment accounted for the largest share of the MEA medium voltage cable market in 2019. In terms of end-users, the energy and power segment held a larger market share of the MEA medium voltage cable market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA medium voltage cable market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alpha Wire; Cleveland Cable Company; Furukawa Electric Co. Ltd.; General Cable Technologies Corporation; LEONI AG; LS Cable & System Ltd.; Nexans; Sumitomo Electric Industries, Ltd.
Reasons to buy report
- To understand the MEA medium voltage cable market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA medium voltage cable market
- Efficiently plan M&A and partnership deals in MEA medium voltage cable market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA medium voltage cable market
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.
MEA Medium Voltage Cable Market Segmentation
MEA Medium Voltage Cable Market - By Installation Type
- Overhead Cables and Accessories
- Underground Cables and Assemblies
- Submarine Cables and Accessories
MEA Medium Voltage Cable Market - By End-Users
- Oil and Gas
- Energy and Power
- Mining
- Manufacturing
- Transportation
- Commercial
- Residential
MEA Medium Voltage Cable Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Medium Voltage Cable Market - Company Profiles
- Alpha Wire
- Cleveland Cable Company
- Furukawa Electric Co. Ltd.
- General Cable Technologies Corporation
- LEONI AG
- LS Cable & System Ltd.
- Nexans
- Sumitomo Electric Industries, Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Medium Voltage Cable Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Medium Voltage Cable Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in Urbanization and Industrialization
5.1.2 Burgeoning Renewable Energy Generation
5.2 Market Restraints
5.2.1 Existence of Replica Cable Market
5.3 Market Opportunities
5.3.1 Identifying New Oil & Gas Reserves
5.4 Future Trends
5.4.1 Progress in the Cable Technology
5.5 Impact Analysis of Drivers and Restraints
6. Medium Voltage Cable Market– MEA Analysis
6.1 MEA Medium voltage cable Market Overview
6.2 MEA Medium Voltage Cable Market– Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. MEA Medium Voltage Cable Market Analysis – by Installation Type
7.1 Overview
7.2 MEA Medium Voltage Cable Market, by Installation Type (2019 and 2027)
7.3 Overhead Cables and Accessories
7.3.1 Overview
7.3.2 Overhead Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Underground Cables and Accessories
7.4.1 Overview
7.4.2 Underground Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Submarine Cables and Accessories
7.5.1 Overview
7.5.2 Submarine Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8. MEA Medium Voltage Cable Market Revenue and Forecast to 2027 – By End Users
8.1 Overview
8.2 MEA Medium Voltage Cable Market Breakdown, By End Users, 2019 & 2027
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Energy and Power
8.4.1 Overview
8.4.2 Energy and Power: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Mining
8.5.1 Overview
8.5.2 Mining: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Manufacturing
8.6.1 Overview
8.6.2 Manufacturing: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Transportation
8.7.1 Overview
8.7.2 Transportation: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Commercial
8.8.1 Overview
8.8.2 Commercial: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
8.9 Residential
8.9.1 Overview
8.9.2 Residential: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
9. MEA Medium Voltage Cable Market – Country Analysis
9.1 Overview
9.1.1 MEA: Medium Voltage Cable Market, by Key Country
9.1.1.1 Saudi Arabia: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.1.1 Saudi Arabia: Medium Voltage Cable Market, by Installation Type
9.1.1.1.2 Saudi Arabia: Medium Voltage Cable Market, by End User
9.1.1.2 UAE: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.2.1 UAE: Medium Voltage Cable Market, by Installation Type
9.1.1.2.2 UAE: Medium Voltage Cable Market, by End User
9.1.1.3 South Africa: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.3.1 South Africa: Medium Voltage Cable Market, by Installation Type
9.1.1.3.2 South Africa: Medium Voltage Cable Market, by End User
9.1.1.4 Rest of MEA: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of MEA: Medium Voltage Cable Market, by Installation Type
9.1.1.4.2 Rest of MEA: Medium Voltage Cable Market, by End User
10. Impact of COVID-19 Pandemic on MEA Medium Voltage Cable Market
10.1 MEA: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Cleveland Cable Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Alpha Wire
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Nexans
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Electric Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 General Cable Technologies Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Furukawa Electric Co. Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 LS Cable & System Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 LEONI AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Medium Voltage Cable Market– Revenue and Forecast to 2027 (US$ Million)
Table 2. Saudi Arabia: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. Saudi Arabia: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 4. UAE: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. UAE: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 6. South Africa: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. South Africa: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA: Medium Voltage Cable Market, by Installation Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA: Medium Voltage Cable Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Medium Voltage Cable Market Segmentation
Figure 2. MEA Medium Voltage Cable Market Segmentation – By Country
Figure 3. MEA Medium Voltage Cable Market Overview
Figure 4. Overhead Cables and Accessories Segment Held the Largest Share During Forecast Period
Figure 5. Energy and Power Segment Dominated the Market
Figure 6. MEA Medium Voltage Cable Market, Country Analysis
Figure 7. MEA PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. MEA Medium Voltage Cable Market Impact Analysis of Drivers and Restraints
Figure 11. MEA Medium voltage cable Market– Revenue and Forecast to 2027 (US$ Million)
Figure 12. MEA Medium Voltage Cable Market Revenue Share, by Installation Type (2019 and 2027)
Figure 13. MEA Overhead Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. MEA Underground Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. MEA Submarine Cables and Accessories: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. MEA Medium Voltage Cable Market Breakdown, By End Users, 2019 & 2027
Figure 17. MEA Oil and Gas: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. MEA Energy and Power: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. MEA Mining: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. MEA Manufacturing: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. MEA Transportation: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. MEA Commercial: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. MEA Residential: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. MEA: Medium Voltage Cable Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. Saudi Arabia: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 26. UAE: Medium Voltage Cable Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Africa: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Rest of MEA: Medium Voltage Cable Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in MEA Country Markets
- Alpha Wire
- Cleveland Cable Company
- Furukawa Electric Co. Ltd.
- General Cable Technologies Corporation
- LEONI AG
- LS Cable & System Ltd.
- Nexans
- Sumitomo Electric Industries, Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA medium voltage cable market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA medium voltage cable market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the medium voltage cable market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution