The Saudi Arabia Cable Tray Market is projected to grow at a CAGR of 12.1% during 2018-24.
Saudi Arabia is presently undergoing a construction spree as the country's hospitals, offices, retail spaces, educational institutions along with its transportation infrastructure are witnessing huge development under the ambitious Saudi Vision 2030 plan. As a result, the requirement for electrical devices, cabling and wiring are expected to witness significant rise during the forecast period.
This factor would drive the demand for cable trays in the country. However, as the demand for cable trays is highly dependent on such infrastructural projects, the possible re-evaluation and subsequent stalling or shelving of many projects to meet the country's post-oil world vision may hamper the growth of Saudi Arabia Cable Tray market.
According to the Saudi Vision 2030 initiative, the government plans to reduce the country's dependence on oil-sector based revenues and focus on developing and strengthening its non-oil based economy. The cable tray market is dominated by steel based cable trays in revenue terms, while ladder cable trays holds majority of the revenue share by type. Additionally, the Eastern region of Saudi Arabia held the largest market share in terms of revenues in 2017.
The power utilities segment held the largest revenue share in the overall cable tray market in 2017. Further, the construction segment is expected to exceed the power utilities segment in future in revenue terms owing to large number of upcoming infrastructural projects in the country.
- Stainless Steel
- Solid Bottom
- Trough & Perforated
- Wire Mesh
- Single Rail
- Power Utilities
- Abahsain - Cope Saudi Arabia Ltd.
- Adhwa Al-Rawafid Electric Industries
- Cooper Industries Middle East LLC
- Fas Al Jazeera United Factory Co.
- Khereiji Showrooms Co. Ltd.
- Legrand Saudi Electric Industries Co. Ltd.
- Mideast Cable Support Solutions
- Power Solution Industries LLC
- Thomas & Betts Corporation
- Wahah Electric Supply Company of Saudi Arabia Ltd.
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