UAE Power Cables Market (2018-2024)-6Wresearch

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Rapid Infrastructural Development Activities Coupled With Expansion of Transmission and Distribution Network Would Drive UAE Power Cables Market Over the Next Six Years – 6Wresearch

UAE power cables market registered substantial growth in 2017 attributed to recovery in copper and aluminium prices as well as significant investment in mega infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls and artificial islands. Furthermore, sustained economic diversification efforts in the country also contributed to an increase in the sales for power cables.

According to 6Wresearch, UAE power cables market revenues are projected to reach $2.5 billion by 2024. Upcoming projects such as Mohammed bin Rashid City, MBR City-District One, Barakah Nuclear Power Plant and Aljada megaproject would increase the demand for power cables in the country. Further, government initiatives such as UAE Vision 2021, Dubai Plan 2021, the Abu Dhabi Economic Vision 2030, Sharjah Tourism Vision 2021 along with rapid urbanization and rising electricity consumption in the country would additionally encourage the growth of power cables in near-future.

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According to Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch, “Infrastructure sector held majority of the revenue share in 2017 on account of ambitious government plan for infrastructure development including construction of roads, airport, metro, ports, power plants and hospitals.”

“However, buildings and industrial sector is expected to grow at a faster rate than the infrastructure sector during the forecast period as a result of ongoing construction activities in the real estate and hospitality sectors, as the country prepares itself to host World Expo in 2020,” Ravi further added.

According to Rishi Malhotra, Sr. Research Analyst, Research and Consulting, 6Wresearch, “Low voltage (up to 1 kV) power cable segment held the highest revenue share in 2017 on account of its installation in buildings, infrastructure, oil & gas, petrochemicals and other industrial applications.”

“Moreover, amongst all the regions, Dubai held major revenue share and is expected to maintain its leadership during the forecast period as well, attributed to ongoing and upcoming commercial building and transport infrastructure projects in the region,” Rishi concluded.

Some of the key players in UAE power cables market includes- Ducab, Riyadh Cables Group Company, Jeddah Cables Company, Oman Cables Industry, National Cables Industry, Elsewedy Electric L.L.C – UAE, Power Plus Cable Co. L.L.C., Saudi Cable Company, Alfanar Company Ltd., Prysmian Group, NEXANS MIDDLE EAST, and Brugg Cable Middle East DMCC.

“UAE Power Cables Market (2018-2024)” provides an in-depth analysis with 80 figures and 21 tables covered in more than 140 pages. The report estimates and forecast the overall UAE power cables market by voltage rating, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/uae-power-cables-market-2018-2024-forecast-by-voltage-rating-low-medium-high-applications-regions-competitive-landscape.html

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6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

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