IMARC Group, a leading global market research and management consulting firm, has published its latest market intelligence report on the Saudi Arabia power cables market. The Saudi Arabia power cables market reached USD 1,816.9 Million in 2025 and is projected to reach USD 2,752.1 Million by 2034, exhibiting a CAGR of 4.72% during 2026-2034, driven by Vision 2030 infrastructure projects, renewable energy integration, grid modernization, rapid urbanization, and smart city investments.
Power cables benefit from the non-discretionary nature of energy and infrastructure investment in Saudi Arabia, with every giga-project, solar park, wind farm, substation, and urban development requiring reliable transmission and distribution networks. The market is forecast to add approximately USD 849 Million in incremental value between 2026 and 2034, with three structural forces shaping this trajectory: Vision 2030 giga-project delivery at scale, the integration of renewable energy into the national grid, and sustained investment in high-voltage transmission and smart city infrastructure.
Saudi Arabia Power Cables Market at a Glance:
- Market Size (2025): USD 1,816.9 Million
- Forecast Market Size (2034): USD 2,752.1 Million
- CAGR (2026-2034):4.72%
- Renewable Energy Target: 7 GW by 2030 under the National Renewable Energy Program
- Key Demand Drivers: Giga-projects, renewable integration, grid modernization, and smart cities
- Segmentation Covered: Installation, Voltage, Material, End-Use Sector, and Region
How AI is Reshaping the Future of the Saudi Arabia Power Cables Market
- AI-Enabled Grid Monitoring and Predictive Maintenance: Artificial intelligence and sensor-based analytics are helping utilities monitor cable health, detect faults early, and reduce unplanned outages across expanding transmission and distribution networks.
- Smart Grid and Smart City Integration: As NEOM, The Line, and other smart city developments incorporate digital energy management, demand is rising for advanced cable systems that support real-time load balancing and responsive power distribution.
- Technology-Driven Cable Manufacturing: Automation, digital quality control, and advanced insulation technologies are enabling manufacturers to deliver cables built for high voltage, extreme desert heat, and long-distance renewable energy transmission.
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Saudi Arabia Power Cables Market Trends and Drivers:
Large-scale infrastructure and urban development under Vision 2030 is the foundational driver behind power cable demand, with giga-projects such as NEOM, The Line, the Red Sea Project, and Qiddiya requiring huge power transmission and distribution networks. These projects span enormous geographical distances, increasing demand for high-voltage underground and overhead cables, while the development of residential complexes, commercial centers, airports, hospitals, and metro lines adds further volume across the Kingdom.
Renewable energy integration is compounding this infrastructure-led growth with the strongest momentum in specialized cable demand. The National Renewable Energy Program targets 58.7 GW of renewable capacity by 2030, supported by projects such as the Sakaka PV Solar Power Plant, the Dumat Al Jandal Wind Farm, and the Sudair Solar Project. Because these assets sit in rugged desert and offshore environments and feed power over long distances, they require cables with high insulation, heat tolerance, and durability, including extra-high voltage (EHV) and high-voltage direct current (HVDC) solutions.
Grid modernization and international energy partnerships are reshaping demand on top of these drivers. In January 2025, Italy and Saudi Arabia signed a five-year energy cooperation agreement covering renewable energy, hydrogen, and power interconnections, implying significant investment in transmission infrastructure. Meanwhile, Elsewedy Cables KSA’s SAR 1.2 billion investment in two new factories in Yanbu Industrial City signals growing local manufacturing capacity to serve construction, power generation, and oil and gas customers. These developments are also influencing Saudi Arabia cable market concentration and key manufacturers, as expanding domestic production capacity, technological capabilities, and competition among local and international suppliers shape manufacturers’ market positions and their ability to meet the Kingdom’s growing infrastructure and energy requirements.
Government Schemes and Vision 2030 Initiatives Driving Demand:
- Vision 2030 Economic Diversification: A national transformation agenda aimed at reducing oil dependence, generating sustained demand for power transmission and distribution networks across new urban, industrial, and tourism developments.
- Giga-Project Pipeline: NEOM, The Line, the Red Sea Project, and Qiddiya are designed to integrate smart city technologies, renewable energy, and advanced transportation systems, each requiring highly efficient and reliable power cable systems.
- National Renewable Energy Program (NREP): A program targeting 58.7 GW of renewable energy generation by 2030, driving demand for specialized, high-insulation cables and long-distance EHV and HVDC transmission links to common grid stations.
- Smart Cities and Grid Modernization: Investments in smart cities and the modernization of electrical grids are escalating demand for reliable, efficient, and technologically advanced power transmission and distribution solutions.
- Local Manufacturing Investment: Elsewedy Cables KSA’s SAR 1.2 billion investment in a Special Cables factory and a Copper Rod factory in Yanbu Industrial City reflects growing private investment in domestic cable and raw material production.
Saudi Arabia Power Cables Industry Segmentation:
The report has segmented the market into the following categories:
Breakup By Installation:
- Overhead
- Underground
- Submarine Cables
Overhead and underground cables serve the Kingdom’s vast transmission and distribution footprint, while submarine cables support offshore renewable projects and cross-border interconnections, each analyzed with individual share and growth data in the report.
Breakup By Voltage:
- High
- Medium
- Low
High-voltage cables underpin long-distance transmission across giga-projects and renewable energy corridors, while medium- and low-voltage cables serve urban distribution, commercial centers, and industrial facilities.
Breakup By Material:
- Copper
- Aluminum
Copper and aluminum conductors are evaluated across performance, cost, and application requirements, with demand shaped by project scale, transmission distance, and environmental conditions.
Breakup By End-Use Sector:
- Power
- Oil & Gas
- Chemical
- Manufacturing
- Metals & Mining
- Infrastructure
- Transportation
- Others
Power remains central to demand as generation and transmission capacity expands, while infrastructure and transportation projects such as airports, hospitals, and metro lines add steady procurement across the Kingdom.
Breakup By Region:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
The report provides a comprehensive analysis of all four regional markets, reflecting the geographic spread of giga-projects, renewable energy assets, and industrial and urban development across Saudi Arabia.
Competitive Landscape:
The Saudi Arabia power cables market features global cable manufacturers and regional players competing across installation types, voltage classes, and end-use sectors. The report provides detailed profiles of all major companies, including Elsewedy Cables KSA, alongside an analysis of market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant.
Local manufacturing investment is intensifying competition, as seen in Elsewedy Cables KSA’s SAR 1.2 billion expansion in Yanbu Industrial City, which adds Special Cables and Copper Rod capacity to serve construction, power generation, and oil and gas industries.
What Does The Full Report Cover?
If you are tracking the Saudi Arabia power cables market for investment decisions, market entry planning, competitive benchmarking, or strategic advisory, IMARC Group’s report gives you everything in one place:
- Complete market sizing in value terms with historical data for 2020-2025 and forecasts covering the full 2026-2034 projection period
- Segment-wise historical and future market assessment across installation, voltage, material, end-use sector, and region
- Industry catalysts, challenges, and opportunities shaping the Saudi Arabia power cables industry
- Competitive analysis covering market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant
- Porter’s five forces analysis and value chain assessment for the Saudi Arabia power cables industry
- Latest trends covering Vision 2030 giga-projects, renewable energy integration, EHV and HVDC transmission, and local manufacturing expansion across the Kingdom
Recent News and Developments in Saudi Arabia Power Cables Market
- January 2025: Leviton introduced two new steel tape armored ADVENTUM™ fiber optic cables for the EMEA, LAC, and APAC regions, featuring gel-free, water-blocking technology and enhanced mechanical protection and fire resistance. Leviton has had an office in Saudi Arabia since 2009.
- January 2025: Italy and Saudi Arabia signed a five-year energy cooperation agreement focusing on renewable energy, hydrogen, and power interconnections, implying significant investments in transmission infrastructure, including high-voltage power cables.
- November 2023: Elsewedy Cables KSA announced an SAR 1.2 billion investment to establish two new factories in Yanbu Industrial City: a Special Cables factory and a Copper Rod factory, serving construction, power generation, and oil and gas industries.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
Key Questions This Report Answers
- How has the Saudi Arabia power cables market performed so far and how will it perform in the coming years?
- What is the breakup of the Saudi Arabia power cables market by installation, voltage, material, end-use sector, and region?
- What are the key driving factors and challenges in the Saudi Arabia power cables market?
- How are Vision 2030 giga-projects and renewable energy targets reshaping the Saudi Arabia power cables industry?
- What are the various stages in the value chain of the Saudi Arabia power cables market?
- What is the structure of the Saudi Arabia power cables market and who are the key players?
- What is the degree of competition in the Saudi Arabia power cables market?
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