GCC Wires and Cables Market to Reach USD 8.76 Billion by 2032, Growing at a CAGR of 7.10% During 2026–2032

The GCC wires and cables market was valued at USD 5.36 billion in 2025 and is projected to reach USD 8.76 billion by 2032, registering a CAGR of 7.10% during the forecast period of 2026–2032. The market’s growth trajectory is being driven by a combination of large-scale power infrastructure investments, accelerating renewable energy deployment, and ongoing industrial diversification initiatives across Gulf economies. Governments throughout the region continue to prioritize electricity transmission upgrades, smart cities development, and utility modernization programs, creating sustained demand for high-voltage, medium-voltage, and communication cable systems.

In terms of segmentation, Power Cables represent the leading product category. The segment’s dominance is supported by continuous investments in power generation, transmission, and distribution infrastructure across the GCC. From an end-user perspective, Energy & Utilities remains the largest segment with approximately 73% market share, reflecting the region’s significant focus on electricity infrastructure expansion and grid modernization.

Regionally, Saudi Arabia leads the GCC wires and cables market. The Kingdom’s leadership position is supported by extensive infrastructure spending under Vision 2030, including mega projects such as NEOM, The Red Sea Project, Qiddiya, industrial city developments, and large-scale transmission network upgrades. Strong domestic manufacturing capabilities and continuous investments in industrial diversification further reinforce Saudi Arabia’s dominant position within the regional market, further states the research report, “GCC Wires and Cables Market Analysis, 2026.”

GCC Wires and Cables Market Highlights

The GCC wires and cables market was valued at USD 3.78 billion in 2025 and is projected to reach USD 8.76 billion by 2032, rising from USD 4.68 billion in 2026. Growth is supported by increasing investments in power transmission, renewable energy integration, industrial expansion, smart cities, and large-scale infrastructure projects across Saudi Arabia, the UAE, and other GCC countries.
The market is projected to expand at a CAGR of 7.10% during 2026–2032, driven by sustained investments in electricity infrastructure, urbanization, industrial diversification, and digital connectivity. Rising deployment of renewable energy projects, data centers, EV charging networks, and transmission grid modernization will continue to generate long-term demand for power, communication, and specialty cables.
In 2026, Saudi Arabia accounted for approximately 40% of the GCC wires and cables market, making it the largest regional market. The country's leadership is driven by Vision 2030 infrastructure projects, renewable energy expansion, industrial development, and continuous investments in electricity transmission, distribution networks, and large-scale urban development’s requiring extensive cable deployment.
By product type, Power Cables held approximately 40% of the market share in 2026, owing to their extensive use in electricity transmission and distribution infrastructure. Rising investments in grid expansion, substations, renewable energy integration, industrial facilities, and utility modernization continue to drive strong demand for low-, medium-, high-, and extra-high-voltage power cables.
By end user, Power Transmission and Distribution accounted for approximately 73% of the GCC market in 2026. Governments across the region are investing heavily in transmission corridors, substations, smart grids, and cross-border interconnection projects to improve electricity reliability, support renewable energy integration, and meet rapidly growing power demand from urban and industrial sectors.
The GCC wires and cables market is moderately consolidated, with the top five companies accounting for approximately 45% of the market share in 2026. Regional manufacturers compete through product quality, manufacturing capacity, technological innovation, and project execution capabilities, while local production and long-term utility contracts provide a significant competitive advantage in major infrastructure projects.