According to the MarkNtel Advisors’ research report, “GCC Wires and Cables Market Analysis, 2021,” the market shall grow at a CAGR of 50% in the forecast period of 2021-26 due to substantial investments toward the digital grid technology leading to an increasing need for interconnections of various grids. Furthermore, the market has a consistent flow of investments in underground cables and the extension of renewable energy, which is another critical aspect likely to escalate the adoption of wires & cables in the forecast period.

Key questions answered in the study
1. What are the current and future trends in the GCC Wires and Cables Market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the GCC Wires and Cables Market?
5. What is the customer orientation, purchase behavior, and expectations from the GCC Wires and Cables Market service provider across various countries?

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Impact of COVID-19
The Covid-19 pandemic in the Gulf Cooperation Council (GCC) led to the imposition of lockdown in the entire area, shutting down all existing & new construction projects, thereby bringing numerous disturbances to the real estate sector. The pandemic further resulted in the suspension of various construction projects. However, with the gradual upliftment of restrictions, the market is reviving and shall grow astronomically in the years to come.

The Residential Segment shall attain the Largest Market Share
Based on the end-user industries, the Residential segment shall attain the largest market share in the forecast years. The rising demands for low voltage cables, instrumentation cables, and communication cables for building construction propel the segment growth. Therefore, the construction of residential buildings shall boost the acquisition of wires & cables, thereby fueling the overall market growth in the coming years, states MarkNtel Advisors in their research report, “GCC Wires and Cables Market Analysis, 2021.”

“GCC Wires and Cables Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Wires and Cables providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to MarkNtel Advisors, the major leading players in the GCC Wires and Cables Market are Riyadh Cable, Jeddah CableBahra Cables, Al Fanar Electrical Systems, Dubai Cable, Power Plus Cables, National Cable Industry, Oman Cables Industry (OCI), QICC Cables, Doha Cables.

Market Segmentation:
1. By Material (Copper, Glass, Aluminum)
2. By End-Users (Residential, Commercial, Industrial, Telecom, Others)
3. By Installation (Overhead, Underground)
4. By Type (Data, Fire resistance, Coaxial, Signal, Power Cable - >1kV, MV, HV, EHV, Low Voltage Energy