Saudi Arabia Electrical & Telecom Wiring Market Set for Growth

RIYADH, Saudi Arabia - April 4, 2025 - PRLog -- The Saudi Arabia electrical and telecommunications wiring market is set to experience strong growth, projected to reach USD 9,141.2 million by 2030, reflecting a robust compound annual growth rate (CAGR) of 7.9% from 2024 to 2030.

This growth is largely fueled by the government's Vision 2030 initiative, which focuses on diversifying the economy and enhancing infrastructure across the kingdom. Key drivers include ongoing urbanization, rapid industrialization, and the increasing demand for advanced technological solutions, such as smart cities and digitalization.

Key Insights

Segmentation Analysis:

In 2024, electric cables are projected to dominate the market, capturing approximately 65% of the market share. This is due to their widespread application across various sectors, including construction, industrial facilities, and infrastructure projects.

The demand for low-voltage wires will remain dominant, contributing 45% of the total market in 2024. However, medium-voltage wiring is set to witness the highest growth rate, growing at a CAGR of 10.7%, driven by a surge in energy infrastructure projects, particularly in renewable energy and power generation.

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Geographical Analysis

Al-Riyadh, the capital, is predicted to continue leading the demand for electrical and telecommunications wiring, followed closely by Jeddah and other major urban centers. This is attributed to the ongoing large-scale construction of residential, commercial, and industrial infrastructure, which is increasingly incorporating advanced wiring systems.

The government's Vision 2030 plans emphasize the development of smart cities, which will create substantial demand for advanced wiring solutions to support the integration of smart technologies. The rise in demand for energy-efficient and environmentally friendly buildings is also expected to increase the demand for specialized wiring systems, such as low-energy consuming cables and high-performance telecommunications wiring.

Competitive Dynamics and Emerging Opportunities:

The Saudi Arabia electrical and telecommunications wiring market remains highly fragmented, with several global and local players competing for market share. The market presents opportunities for companies that can provide innovative, cost-effective, and technologically advanced wiring solutions tailored to the unique demands of the region.

The Vision 2030 initiative continues to open new opportunities for market players, with government-backed projects in construction, healthcare, and education providing a steady demand for electrical and telecommunications wiring. Additionally, the growing demand for data centers, smart buildings, and energy-efficient infrastructure is expected to drive further market growth.