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 managementtomakeinformeddecisions is expectedto fuel the demandfor 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 advancedofferings. “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. Market players may invest to introduce advanced wires & cables with higher efficiency and performance to increase the sales of their products in the forecast period, 2022-2026.” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm. 11