The wire is a type of a solitary electrical conductor; whereas cables are an assembly of one or more wires used to convey electrical flows. Wires and cables are utilized in numerous applications for transmission of power or electrical signs.
UAE Wires & Cables Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of the UAE Wires & Cables market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “UAE Wires & Cables Market Analysis, 2020”, the UAE Wires & Cables market is anticipated to grow at an exponential CAGR during 2020-25F. The growth of the market is attributed to surging government investment in infrastructure development and real-estate projects, increasing the presence of new players in the market, and a boom in telecom, power and renewable energy, metros, airports, and ports. Moreover, increasing funding toward the development of residential and commercial buildings and expansive government initiatives for further improvement of electrical power grids are strongly contributing toward the growth of the market in the forthcoming timeline.
Dubai Acquired Largest Market Share
Based on Region, Dubai is anticipated to capture the majority market share in the UAE Wires & Cables market in the coming years. The robust and growing tourism and transportation sector, rising electricity consumption in the residential and commercial sectors, and increasing focus on energy generation via renewable sources are surging the demand for cables & wires. Moreover, the considerable inflow of investment in the hospitality sector due to Expo 2021 is anticipated to strongly contribute toward the growth of the Wires & Cables market in the coming years as stated in the MarkNtel Advisors’ research report “UAE Wires & Cables Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the UAE Wires & Cables market include Dubai Cable, National Cables Industry, Power Plus Cables Co LLC, MESC-RAK, Tekab Company Ltd., Brugg Cable Middle East DMCC, Prysmian Group, Nexans Middle East, Alfanar Company Ltd., Elsewedy Electric L.L.C etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on UAE Wires & Cables Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of UAE Wires & Cables Market during 2020-25?
A. The growth rate of UAE Wires & Cables Market during 2020-25 is forecast to be grow at an exponential CAGR in the forecasted period
Q. Who are the key competitors or players operating in UAE Wires & Cables Market?
A. Dubai Cable, National Cables Industry, Power Plus Cables Co LLC, MESC-RAK, Tekab Company Ltd., Brugg Cable Middle East DMCC, Prysmian Group, Nexans Middle East, Alfanar Company Ltd., Elsewedy Electric L.L.C etc., are few of the leading players in the UAE Wires & Cables Market.
Q. Which installation segment would emerge as an opportunity area for players in UAE Wires & Cables Market?
A. Underground is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in UAE Wires & Cables Market?
A. Dubai grabbed a majority market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of UAE Wires & Cables Market.
