Delaware, June 07, 2016 (GLOBE NEWSWIRE) --
Middle East Cable Market size is forecast to reach USD 11.98 billion by 2023; as per a new research report by Global Market Insights, Inc.
Growing applications across the utility and industrial sector coupled with product and technology innovation is expected to catapult demand across Saudi Arabia and UAE. Increased energy demand on account of considerable infrastructure activities is also projected to drive Middle East cables market size.
Since these products find use in buildings, underground wiring as well as overhead applications, technology advancements across the core electronics and telecommunication sectors are poised to augment potential use cases.
Cross-linked polyethylene (XLPE) and tree retardant (TR) insulation consumption is on the rise due to growing demand for submerged cables that utilize these materials.
Sample pages for this report are available @ https://www.gminsights.com/request-sample/detail/450
Lightweight LVDC high temperature superconductor (HTS) upgrades along with other technological advancements across commercial applications are forecast to help enhance transmission efficiency. Increased number of power projects coupled with the presence of aging equipment that requires replacement and upgrades will propel Middle East cable market revenue in the coming years.
Volatile raw material costs may result in unfavorable Middle East cable market price trend, and restrain growth. The need to increase grid interconnection in the industrial sector is expected to give impetus to new overhead transmission lines.
To access sample pages or view this report titled, “Middle East Cable Market Size By Application (Commercial, Industrial), By Product (Medium Voltage, Low Voltage, High Voltage, Extra High Voltage), Industry Analysis Report, Regional Outlook (Saudi Arabia, UAE, Qatar, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2023” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/middle-east-cable-market
Key insights from the report include:
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Global Market Insights has segmented the Middle East cable industry on the basis of product, application and region:
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.