SAUDI ARABIA WIRES & CABLES MARKET

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SAUDI ARABIA WIRES & CABLES MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

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2 Scope of Report

Product of Interest (POI): Wires & Cables

Review Period 2016 – 2019

Base Year 2020 Estimated Year

2021 Forecast Period

2022 – 2026

Year Range

MATERIAL

• Northern & Central

• Southern

• Eastern

• Western

• Copper

• Aluminum

• Glass

END USE

REGION

• Aerospace & Defense

• Building & Construction

• Oil & Gas

• Energy & Power

• IT & Telecommunication

• Others

The basic key difference between wires and cables is that a wire is a single conductor whereas a cable is a group of conductors. And in case of cables, they run parallelly and are twisted or bonded together to form a single case. For the safety purpose, an inner and outer sheath is made.

Market Segmentation

VOLTAGE

• Low

• Medium

• High

• Extra High

PRODUCTS

• Fiber Optic Cable

• Co-Axial Cable

• Other Cables

INSTALLATION

• Overhead

• Underground

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4

RESEARCH

METHODOLOGY

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Research Methodology

✓ Identiing Key Opinion Leaders

✓ Questionnaire Design

✓ In-depth Interviews Data Collection Developing List

of Respondents Formulating

Questionnaire Market

Profiling Data

Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the Saudi Arabia wires &

cables market, overall market size and segmental

market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with industry experts and

industry players for data collection and

verification.

Data obtained as a result of primary

and secondary research was validated through

rigorous triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to

obtain qualitative and quantitative insights about

the Saudi Arabia wires &

cables market.

Data Collection

Data Filter

& Analysis Research &

Intelligence

Actionable

Insights Business Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn

✓ TechSci Internal Database

✓ Factiva

✓ Hoovers Paid Sources

✓ Company Websites

✓ Company Annual Reports

✓ White Paper Study

✓ Financial Reports

✓ Investor Presentations

✓ Regulatory Body

✓ Associations, etc.

Secondary Research Primary Research

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8 Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia wires & cables market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as development of the telecommunication industry and increased investments in the smart grid technology. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia wires & cables market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as wires & cables manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 wires & cables companies, 100 – 120 end users, and 15 – 20 industry experts and other

value chain stakeholders in the Saudi Arabia wires & cables market to obtain the overall market size from 2016-2020, which was

validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the

market size data from 2016-2020.

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Research Methodology

• Respondents were asked about the current and future market growth rates, market shares by voltage, by products, by material, by installation, by end use, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by voltage, by products, by material, by installation, by end use, by company and by each region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various product types of wires & cables markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia wires & cables market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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10 Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Saudi Cable Company

▪ Bahra Cables HO

▪ United Wire Factories Company – ASLAK

▪ Bright Wires Co Ltd

▪ Middle East Fiber Cable Manufacturing Co.

▪ Gabas Albilad Wire Rope Factory

▪ SAUDI WIRES COMPANY Ltd.

▪ Safe and Secure Trading Est. (SSTE)

▪ Jeddah Cable Company

▪ alfanar Technical Services

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report,“Saudi Arabia Wires & Cables Market By Voltage (Low, Medium, High, Extra High) By Products (Fiber Optic Cable, Co- Axial Cable, Other Cables) By Material (Copper, Aluminum, Glass) By Installation (Overhead, Underground) By End Use (Aerospace & Defense, Building &

Construction, Oil & Gas, Energy & Power, IT & Telecommunication, Others) By Region, Company Forecast & Opportunities, 2026”, The Saudi Arabia Wires &

Cables market is expected to witness steady growth in the next five years. The rise in electricity consumption in the residential and commercial sectors is expected to fuel the demand for power cables in the region. The rapid urbanization of people in search of better job opportunities and quality living standards is generating the requirement for more energy transmission which in turn is expected to fuel the demand for the wires & cables market.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus.

Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing. Due to the ongoing pandemic, the construction activities were temporarily stopped. Workers migrated back to their native places which led to a shortage of workforce during this period. Also, due to strict regulations, disruption in the supply chain was observed which adversely affected the supply of raw materials and the end products which adversely affected the wires & cables market growth.

However, volatile prices of raw materials may hamper the growth of the Saudi Arabia Wires & Cables market in the forecast period.

Saudi Arabia Wires & Cables market is segmented into voltage, products, material, installation, end use, regional distribution, and company. Based on the voltage, the market can be divided into low, medium, high, and extra high. The low voltage segment is expected to witness growth in the forecast period, 2022- 2026. The development of the construction industry and the upcoming projects are the driving factor for the growth of this segment. An increase in the investment by the leading authorities and the development of smart cities is expected to pave the way for market growth. The growing demand for low voltage cables for various applications such as lighting, automation, video surveillance, fire alarm, amongst others is expected to foster market growth. Based on the end use, the market can be divided into aerospace & defense, building & construction, oil & gas, energy & power, it & telecommunication, and others. The increase in the number of transportation infrastructure development projects in the region including railways, roads, airports, amongst others is driving the growth of the segment. Urban development projects such as Green Riyadh, Riyadh Art, King Salman Park, and others are further contributing to the wires & cables market growth. Based on the products, the market can be divided into fiber optic cable, co-axial cable, and other cables. The fiber optic cables segment is expected to dominate the wires & cables market in the forecast period, 2022-2026. Development of the telecommunication sector and the growing demand for high-speed internet network is driving the growth of this segment. The generation of the huge amount of data and the growing need for data centers for efficient data management to make informed decisions is expected to fuel the demand for fiber optic cables in the forecast period.

Saudi Cable Company, Bahra Cables HO, United Wire Factories Company– ASLAK, Bright Wires Co Ltd, Middle East Fiber Cable Manufacturing Co., Gabas Albilad Wire Rope Factory, Saudi Wires Company Ltd., Safe and Secure Trading Est. (SSTE), Jeddah Cable Company are the leading players operating in Saudi Arabia Wires & Cables market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Wires & Cables manufacturers are coming up with their technologically advanced offerings.

“Under the Saudi Vision, 2030 and the construction of the Neom City which is expected to run on renewable energy resources and to boost the public and private industries is anticipated to create lucrative opportunities for the growth of the wires & cables market in the forecast period. High-end investments for the upcoming construction and infrastructural developments and the implementation of the smart grid in Saudi Arabia are expected to influence the market growth.

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12 Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

By Value (USD Million)

CAGR BY VALUE: XX% CAGR BY VALUE: XX%

Saudi Arabia Wires & Cables Market, Market Size, By Value (USD Million), 2016–2026F

25%25%

25%

25%25%

25%

25%25%

25%

25%25%

25%

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Low Medium High Extra High

Saudi Arabia Wires & Cables Market Share, By Voltage, By Value, 2016–2026F

33%33%

33%

33%33%

33%

33%33%

34%34%

34%

34%34%

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Fiber Optic Cable Co-Axial Cable Other Cables Saudi Arabia Wires & Cables Market Share, By Products, By Value, 2016–2026F

20%20%

20%

20%20%

20%

20%20%

20%

20%20%

20%

10%10%

10%

10%10%

10%

2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F

Aerospace & Defense Building & Construction Oil & Gas Energy & Power IT & Telecommunication Others Saudi Arabia Fiber Optic Wires & Cables Market Share, By End Use, By Value, 2016–2026F

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2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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SAUDI ARABIA WIRES & CABLES MARKET