According to a new report by 6Wresearch, global market research and consulting firm, the UAE power cable market could reach $2.5 billion by 2024.

The report, entitled "UAE power cable market (2018-2024)", estimates and forecasts the entire UAE power cable market based on voltage levels, applications, and Regions. It provides for the current market trends, opportunities, high-growth areas, and a justice and detailed analysis of the market driving factors, which will help stakeholders adjust their market strategy according to current and future market dynamics.

Because of the price rebound in copper and aluminum, as well as the new high-rise skyscrapers, theme parks, the most advanced shopping center, and artificial island of large infrastructure projects such as significant investment, the united Arab emirates (UAE) power cable market achieved growth in 2017. The UAE continued efforts to diversify its economy have also boosted sales of power cables.

Vision in 2021, in addition, such as the United Arab Emirates (UAE) Dubai plans to 2021, 2030, ABU Dhabi economic vision, Sharjah tourism vision in 2021, and the rapid urbanization and the increasing power consumption will further encourage the development of power cable.

6 Research and consulting assistant manager Ravi Bhandari said: "due to the government's ambitious infrastructure development plan, including roads, airports, subway, ports, power plants and hospital construction, infrastructure in 2017 occupied most of power cable market returns. However, as the world expo 2020 is being prepared, the construction and industrial sectors will grow faster than the infrastructure sector in the forecast period.

6 research and consulting senior research analyst at Rishi Malhotra said: "in 2017, the field of low voltage power cables (up to 1 kv) has the highest income share because its application installed in buildings, infrastructure, oil and gas, and other fields.

"In addition, in all regions, Dubai has a major share of the income, keep the leading position, the future is expected because of ongoing and upcoming commercial buildings and transportation infrastructure projects," Malhotra added.

The United Arab Emirates (UAE) Power Cable Cable including Dubai, some of the major market participants Riyadh Cable group, ZMS Cable, Cable companies, Cable industry, Oman national Cable industry, Elsewedy Electric - UAE, Power Plus Cable, Saudi Cable, alpha, Prysmian Middle East company, Nike's Middle East company, and Bruegel the Cable center.