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on November 14, 2023
The latest report by IMARC Group, titled “GCC Power Cable Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The GCC power cable to grow at a growth rate (CAGR) of 7.3% during 2023-2028.
A power cable is an essential component in electrical systems that serves the crucial function of transmitting electrical energy from a power source to various devices and appliances. They consist of conductive materials, typically copper or aluminum, encased in insulating materials to ensure the safe and efficient transfer of electricity. They come in different types and sizes, designed to handle different levels of voltage and current, making them adaptable to a wide range of applications. In residential settings, power cables are commonly used to connect electrical outlets to household appliances and lighting fixtures. In industrial and commercial environments, they play a pivotal role in distributing power to machinery, equipment, and lighting systems. The choice of the appropriate power cable depends on numerous factors, such as the voltage, current load, and environmental conditions. At present, power cables find extensive applications across industries, from powering homes to supporting large-scale infrastructure projects, highlighting their versatile utility.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-power-cable-market/requestsample
GCC Power Cable Market Trends and Drivers:
The GCC power cable market is primarily driven by the escalating demand for reliable electrical infrastructure owing to rapid urbanization and industrialization in the region, necessitating the installation of power cables for electricity transmission and distribution. Apart from this, the rising number of renewable energy projects, such as solar and wind power in the GCC, has strengthened the need for specialized power cables to connect renewable energy sources to the grid. Moreover, the growing focus of governments of various GCC countries on infrastructure development and interconnection projects, such as the GCCIA (Gulf Cooperation Council Interconnection Authority), has augmented the demand for high-capacity, long-distance power transmission cables. Besides this, heightening investments in smart grid technology and energy-efficient solutions that require advanced power cables to support efficient data and power transmission has catalyzed market growth. Furthermore, the implementation of stringent safety and quality standards is prompting the replacement of aging power cables with newer, more reliable, and environmentally friendly options is contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Installation:
- Overhead
- Underground
- Submarine Cables
Breakup by Voltage:
- High
- Medium
- Low
Breakup by End-Use Sector:
- Power
- Infrastructure
- Manufacturing
- Oil and Gas
- Transportation
- Others
Breakup by Material:
- Aluminum
- Copper
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Bahrain
- Kuwait
- Oman
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Posted in: Business
Topics:
gcc power cable