More opportunities than risks in the Middle East cable marketPosted On: 11-11-2015 By: Cheryl Tao
The Middle East cable market is witnessing a slower rate of growth in 2015 than previous years owing to the impact of both lower commodity and oil prices. However, in the long term, the forecast for the Middle East’s advanced cable market is that it will remain the world’s strongest region for growth.
Integer Research has published a free to download Market Overview – Middle East Wire & Cable Industry which examines the key wire and cable trends and developments in the region and also the potential risks and challenges to be addressed in this competitive market place. With a healthy and strong outlook, Middle East cable consumption will be mainly driven by the robust growth in demand from the power and infrastructure sectors, which will fuel an over 3% year-on-year increase in total wire and cable production by 2020. The broadband network expansion and interconnectivity infrastructure development among the Gulf Council Countries (GCC) is also ensuring a steady growth in the telecommunications market which is showing no signs of slowing down.
While the opportunities for growth are clear, it is impossible to ignore the political and economic uncertainties affecting the Middle East. Regional conflicts, wars and sanctions continue to hit hard on countries including Iraq, Iran and Syria. While infrastructure investment may remain stable, the decline in raw materials and oil prices will have a negative effect on profit margins and business growth. Indeed, nothing can be certain in such highly unstable and fast-changing circumstances.
The free market overview will also provide you with the Top 10 Middle East Producers Rankings 2015, highlighting the region’s most influential players. The data is taken from Integer Research’s newly released Top 100 Global Wire & Cable Producers Database 2015.
2nd Advanced Cable Middle East 2016
The market overview features the latest research for the forthcoming 2nd Advanced Cable Middle East 2016, which is taking place on the 2-3 February in Dubai, United Arab Emirates and includes the post-conference analysis from the inaugural 2015 summit. The conference will provide a knowledge and networking platform for the global and regional wire and cable market, in-depth discussion on the rising opportunities and challenges in the Middle East market and investigate best practice and strategies to succeed.
Further information about Integer Research and the ‘2nd Advanced Cable Middle East 2016’ conference, please visit: www.integer-research.com/conferences/acme-2016.