PUBLISHER: The Insight Partners | PRODUCT CODE: 2087125
PUBLISHER: The Insight Partners | PRODUCT CODE: 2087125
The Middle East & Africa (MEA) medium voltage cable and accessories market is projected to increase from US$ 1,675.6 million in 2024 to US$ 2,192.1 million by 2031, reflecting a CAGR of 4.1% during the 2025-2031 period.
Executive Summary and Market Analysis (MEA):
The MEA region comprises key markets including Saudi Arabia, the United Arab Emirates (UAE), South Africa, and other countries across the region. Governments are increasingly prioritizing large-scale infrastructure development, industrial expansion, and energy diversification initiatives, which are collectively driving the demand for medium voltage cable systems.
The UAE has set an ambitious target of attracting approximately US$ 150 billion in foreign direct investment (FDI) by 2030, focusing on strengthening infrastructure, energy systems, and transportation networks. Similarly, Saudi Arabia's construction sector is projected to grow at a CAGR of 5.6% between 2022 and 2027, supported by substantial public investment in major infrastructure projects such as roads, railways, airports, power plants, and housing developments. These ongoing initiatives are significantly increasing the requirement for reliable medium voltage cables and accessories to ensure uninterrupted power supply across critical infrastructure networks.
Market Segmentation Overview:
By Installation: The market is segmented into overhead and underground systems, with overhead installations accounting for the largest share in 2024.
By Overhead Type: Includes ACSR, AAAC, AACSR, and others, with ACSR leading the segment.
By Underground Type: Includes XLPE, PVC, PILC, and others, with XLPE dominating the market.
By Product: Segmented into cables and accessories, with cables representing the largest share.
By Accessories Type: Includes terminations, joints, and others, with terminations holding the leading position.
By Voltage Level: Ranges from 1-5 kV to 69 kV, with the 6-13 kV segment accounting for the largest share in 2024.
By End User: Includes industrial, infrastructure, and renewable sectors, with industrial applications dominating the market.
Market Outlook:
Advancements in cable materials and insulation technologies are playing a key role in shaping the MEA medium voltage cable market. The increasing adoption of underground cable systems is driving innovation in high-performance polymer insulation and improved voltage-handling capabilities. For instance, Teflon-based cables can withstand temperatures of up to 250°C, compared to conventional polymer materials, which typically endure around 70°C.
In addition, there is a growing focus on environmentally sustainable cable solutions. In May 2023, Nexans introduced a low-carbon cable portfolio designed to reduce greenhouse gas emissions by approximately 35-50%, addressing emissions associated with materials such as aluminum conductors and plastics.
These technological developments are expected to accelerate the deployment of advanced cable systems across power transmission and distribution networks in the region.
Country Insights:
Saudi Arabia leads the MEA market, supported by its dominant oil and gas industry and ongoing energy expansion initiatives. The country holds approximately 17% of global proven petroleum reserves and continues to invest heavily in upstream and downstream capacity expansion. Saudi Aramco has outlined major investment plans aimed at increasing gas production capacity by over 50% by 2030 and raising crude oil production capacity to 13 million barrels per day by 2027. In addition, new oil and gas discoveries in 2024 further reinforce the country's growth outlook.
These large-scale energy developments require robust and reliable power infrastructure, thereby significantly increasing demand for medium voltage cables and accessories to ensure stable and continuous electricity supply.
Key Market Players:
Leading companies operating in the MEA medium voltage cable and accessories market include ABB Ltd, Eaton Corporation plc, Sumitomo Electric Industries Ltd, Nexans SA, 3M Co, TE Connectivity Ltd, Prysmian SpA, NKT A/S, Belden Inc, Hitachi Energy Ltd, The Okonite Co, Southwire Company LLC, Houston Wire & Cable Co., LS Cable & System USA, and Ensto Oy.
These companies are actively pursuing strategies such as expansion, technological innovation, and mergers and acquisitions to strengthen their regional footprint and meet the growing demand for advanced power transmission infrastructure.