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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Middle East Copper Rod and Busbar Market Size
The Middle East copper rod and busbar market was around USD 2,930.65 million in 2023. The market is assessed to grow at a CAGR of 7.4% during 2024-2032 to reach a value of USD 5,520.91 million by 2032.
Key Takeaways
- Saudi Arabia’s aim to increase homeownership to 70% by 2030 under Vision 2030 aids the growth of the construction sector.
- Qatar’s goal of obtaining 20% of its electricity from renewable sources by 2030, aids the demand for copper busbars due to their impressive electrical conductivity and corrosion resistance.
- Kuwait’s infrastructure development goals under Vision 2035 drive the market for copper products, such as bars for HVAC systems.
The overall construction sector of the Middle East is expanding, driven by a rise in foreign investment, the expansion of tourism, and the demand for residential and commercial real estate. The growth of the construction industry supports the Middle East copper rod and busbar market development. Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait are the most significant nations in this region in terms of construction. For instance, Saudi Arabia's construction sector is expanding due to major projects like NEOM and major entertainment complexes like Qiddiya near Riyadh.
The main copper markets in Middle East includes the UAE, Saudi Arabia, and Iran. Annually, these countries account for around 5% of global copper consumption.
Middle East Copper Rod and Busbar Market Report Snapshots
Middle East Copper Rod and Busbar Market Size
Middle East Copper Rod and Busbar Market Trends
Middle East Copper Rod and Busbar Manufacturers
Middle East Copper Rod and Busbar Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 2,930.65 million in 2023.
The market is assessed to grow at a CAGR of 7.4% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 5,520.91 million by 2032.
The market is driven by a growing construction and industrial sector and a demand for EVs to facilitate green mobility.
The countries include Saudi Arabia, the United Arab Emirates, Iran, Kuwait, Qatar, Oman, Bahrain, and others.
The end uses include construction, industrial equipment, and transport and non-industrial.
Direct and distributors are the two major sales channels in the market.
The key players in the market include Dubai Cable Company (Private) Limited, Aeris Stream Copper Manufacturing LLC, Emirates National Copper Factory LLC, Oriental Copper Co., Ltd., ALIF AIMS Leading Industrial Factory, Union Copper Rod LLC, Vedanta Resources Ltd., and Bahra Advanced Cable Manufacture Co. Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124