According to the research report titled ‘Middle East Power And Control Cable Market Forecast By Voltage, Application, Product, Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 a?? 2026‘, available with Market Study Report, Middle East power and control cable market is predicted to witness substantial growth during 2020-2026.
 

Favorable government norms for improving the existing T&D infrastructure and focus towards the expansion of prevailing systems to eliminate the demand supply mismatch are the major factors impelling Middle East power and control cable market dynamics.
 

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Furthermore, decline in installation & maintenance costs, rising population along with surging demand for reliable & uninterrupted power supply will provide impetus to Middle East power and control cable market outlook through 2026.
 

As per product type, control cable segment is poised to gain substantial traction in the ensuing year, attributable to increasing importance of smart systems to enable effective communication network. Furthermore, benefits such as high efficiency, and versatile applications are boosting the adoption of control cables in smart city projects and data.
 

Based on voltage, the HV segment of Middle East power and control cable market is predicted to witness proliferating growth through 2026, mainly due to increasing investments towards establishment of high capacity HV & EHV networks to cater the electricity demand from industries. Deployment of new transmission networks to serve the electricity requirement is further stimulating the product demand.
 

According to the report, Saudi Arabia power and control cable market is projected to witness tremendous growth during 2020-2026, owing to  rising industrialization and increase in power demand across the region. Furthermore, measures to decrease the dependency on conventional power stations is estimated to fuel the industry growth in Saudi Arabia.
 

Key players operating in Middle East power and control cable market are LS Cable & System, Sumitomo Electric, Saudi Cables, Prysmian Group, Southwire Company, Ducab Cables, Elsewedy Electric Co., Oman Cables, Nexans, and Riyadh Cables Industries.