Saudi Arabia Electrical and Telecommunications Wiring Market Analysis

Saudi Arabia Electrical and Telecommunications Wiring Industry Analysis

Cable Insights

• Electric wires will account for the larger market share, of 65%, in 2024 because of their use in various applications such as residential, commercial, and infrastructure projects.
• Every infrastructure project may not require telecommunication wires, but electric wires are a must.

The cables covered in the report include:

• Electric (Larger and Faster-Growing Category)
• Telecommunication

Voltage Insights

• The low voltage category will account for the largest market share, of 45%, in 2024. This is because low-voltage wires are mainly used in residential and commercial buildings for lighting, HVAC systems, and power outlets.
• The medium voltage category is expected to grow with a CAGR of 10.7% during the forecast period. This is because Saudi Arabia is investing in power plant infrastructure, which includes generation, transmission, and distribution networks.
• As a part of Saudi Vision 2030, the country is designing 9 Gigawatts (GW) worth of gas power plants, 14 GW worth of solar power plants, and 54 GW worth of wind power plants to fulfill the demand for energy. This is expected to be completed by the end of 2028, which will fuel the market for electrical wiring.

The following voltages are included in the report:

• Low (Largest Category)
• Medium (Fastest-Growing Category)
• High
• Extra-High

Installation Insights

• The overhead category will hold the larger market share, of 70%, in 2024. This is because these wires are way cheaper as compared to underground wires.
• Underground wires require armored covering, which makes it more expensive as compared to overhead wires.
• Overhead wires require fewer materials and less effort for installation, which makes it a cost-effective choice.

The installations covered in the report are:

• Overhead (Larger Category)
• Underground (Faster-Growing Category)

End Use Insights

• By end use, the residential category will account for the largest market share, in 2024, and it is expected to grow at a highest CAGR in the forecast period. It is because of growing urbanization, rising population, and housing building and renovation.

The end uses analyzed in this report are:

• Residential (Largest and Fastest-Growing Category)
• Commercial
• Industrial