Levant Power Cable Market 2025 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

The global market value of the Levant Power Cable Market is estimated to be 1.6 billion in 2023, and a CAGR of 5.8% is expected during the forecast period. A surge in demand for high-voltage cables to accommodate increasing renewable energy integration is driving growth in the market. Increasing investment by government and other organizations is investing in grid modernization and infrastructure upgrades to improve efficiency. Increasing demand for electricity in all over the world is driving growth in the market.

Growing focus on energy security and the need to reduce carbon emissions are the key factors driving the market growth. Increasing urbanization and industrialization is the key cause behind the significant growth. The expanding use of underground power cables for urban and aesthetic reasons is driving growth in the market. Growing energy needs for residential, commercial, and industrial sector is driving growth in the market significantly.

Growth Drivers

Rapid industrialization in countries like Lebanon, Japan, and Syria are increasing the demand for reliable power transmission solutions. Investments in infrastructure projects, including transportation networks and commercial centers. Region’s shift towards renewable energy sources, such as wind, and solar power, requires robust power cables to transmit electricity from generation sites to the grid.

This transition is driving the demand for high quality cables capable of handling variable energy loads efficiently. Efforts to upgrade and expand existing power grids to improve efficiency and accommodate electricity consumption is propelling the market growth. Innovations in cable materials and manufacturing processes are enhancing the performance.

Governments in the Levant are actively investing in Energy Infrastructure projects to improve efficiency and meet growing demand of electricity. Turkey’s National Energy Plan for 2035 aims to significantly increased solar and wind power capacities, driving the need for enhanced power.

Innovations in cable materials and manufacturing processes are enhancing the performance, efficiency, and durability of power cables. These advancements support the development of more resilient and efficient power transmission systems.

Segmentation

By Application

·         Oil & Gas

·         Construction

·         Utility

·         Manufacturing

·         Transport

·         Other

By Voltage

·         Low Voltage

·         Medium Voltage

·         High Voltage

By Product

·         Power

·         Data & control

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Levant Power Cable Market by Application Segmentation

On the basis of the application, the Levant Power Cable Market is segmented into oil & gas, construction, utility, manufacturing, transport, and others. The utility sector is the leading segment and is expected to dominate during the forecast period. Utility is a dominating segment due to substantial investment in infrastructure and energy projects, particularly in renewable energy, across the region. The rising electricity demand due to urbanization and industrialization necessitates efficient power transmission solutions, bolstering the utility sector’s dominance.

Technological advancements in cable design and materials further enhance performance and reliability, supporting market expansion. Increasing industrialization and rising demand for electricity are the key reasons behind the growth in the market.

Levant Power Cable Market by Voltage Segmentation

On the basis of the voltage, the Levant Power Cable Market is segmented into low voltage, medium voltage, and high voltage. Medium voltage is the leading segment and is expected to dominate during the forecast period due to increasing urbanization and industrialization, which increases the demand for reliable and efficient power distribution systems. Governments in the Levant are actively investing in energy infrastructure projects to improve efficiency and meet the growing demand for electricity.

The Low Voltage segment is also a significant segment in the market due to its widespread use in residential and commercial applications. LV cables are crucial for power distribution within buildings and facilities, supporting various electrical systems and equipment. The high voltage segment is also expected to grow moderately during the forecast period due to investments in renewable energy projects and grid infrastructure upgrades. These cables are vital for transmitting electricity over long distances and interconnecting grids, meeting the growing energy demands of the region.

Levant Power Cable Market by Region Segmentation

On the basis of the region, the Levant Power Cable Market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific is the leading region in the market, particularly in China India. Many power cables used in the Levant region are imported from these countries due to cost-effective production and high demand. North America, on the other hand, has a limited influence but contributes through advanced technology, high-quality standards, and investments in infrastructure projects.

Asia Pacific is the leading external segment in the Levant Power Cable Market because of a strong manufacturing base—China and India dominate cable production, supplying affordable and high-quality cables. Cables from Asia-Pacific are often cheaper than those from North America or Europe. The Levant region imports large volumes of power cables from Asia, making it a key player in the supply chain. The Levant Power Cable Market primarily serves Lebanon, Jordan, Syria, Israel, Palestine, and nearby regions.

European countries, especially Germany, France, and Italy, provide high-quality cables and electrical infrastructure investments. European companies set global standards for power cable efficiency and safety, influencing the Levant’s market regulations. European firms fund and supply cables for solar and wind energy projects in the Levant. The Gulf Cooperation Council countries, such as Saudi Arabia and the UAE, drive demand for advanced power cables. Some Middle Eastern countries, like Turkey, serve as suppliers of cables to the Levant.

African nations do not heavily supply the Levant Power Cable Market for influence. Latin America, including countries like Brazil and Argentina, is witnessing significant growth. The region emphasizes its regional power infrastructure needs. A few cable manufacturers in Brazil and Mexico export globally, but their impact on the Levant Market is small compared to Europe and Asia Pacific.

Key Players

·         Shanghai Electric Group

·         State Grid Corporation of China (SGCC)

·         LS cable systems

·         Nexans

·         Mitsubishi Electric

·         China Energy Engineering Group

·         Prysmian Group

·         Riyadh Cables

·         Saudi Cables

·         Southwire Company, LLC

·         Sumitomo Electric Industries

·         DUCAB

·         Elsewedy Electric

·         KEI Limited

·         Liban Cables

·         MESC

·         Midal Cables Ltd.

·         Oman Cables Industry SAOG

·         Ozguven Kables

·         Other Players