Kazakhstan Insulated Wires and Cables Market (2024-2030) | Analysis, Industry, Trends, Companies, Share, Forecast, Growth, Size, Value & Revenue

Kazakhstan Insulated Wires and Cables Market Synopsis

Kazakhstan Insulated Wires and Cables market has experienced growth over the period 2020-2023 driven by a surge in construction projects nationwide. Initiatives like the Nurly Zher state program, which commissioned 2 million square meters of social housing, have contributed significantly to this expansion. Notably, the launch of 28 projects valued at US$477.6 million in the first eight months of 2020 accelerated the development of the country's industrial sector. With a planned $9 billion investment in infrastructure by 2025, including roads, railways, ports, airports, and IT infrastructure, there's a clear path for further growth in insulated wires and cables applications.

Additionally, Ministry of Energy has crafted a strategy for enhancing the electric power sector, aiming to introduce an extra 26 GW of new generating capacity, to meet the rising electricity demand.

According to 6Wresearch, The Kazakhstan Insulated Wires and Cables Market size is projected to grow at a CAGR of 4.2% during 2024-2030F. Kazakhstan's intensified focus on enhancing infrastructure, exemplified by projects like the construction of Almaty International Airport and the extensive repair of over 11,000 km of roads with a budget exceeding $1.2 billion, is in harmony with the expanding insulated wires and cables market. Additionally, transmission line projects, including a $3 billion initiative to modernize or build new power transmission lines and substations nationwide by 2025, cater to the escalating electricity demand fueled by urban population growth.

Telecommunications endeavours, such as the planned 340km submarine cable linking Aktau, Kazakhstan, to Siyazan, Azerbaijan, further underscore opportunities in the insulated wires and cables market. Moreover, Kazakhstan's plan to commission 11 renewable energy facilities in 2024, totaling 117.35 MW, comprising wind with a capacity of 27.45 MW, solar with a capacity of 40 MW, and six hydroelectric power plants with a capacity of 49.9 MW, is poised to stimulate demand for insulated wires and cables.

Market Segmentation by Type

By type, power cables hold the major revenue share in Kazakhstan Insulated Wires and Cables  Industry primarily serving the crucial role of transmitting electricity from diverse power generation facilities—including thermal, hydropower, and renewable energy plants—to distribution networks and end-users nationwide. Additionally, Kazakhstan's upcoming initiative to commission 11 renewable energy facilities in 2024, with a combined capacity of 117.35 MW, is poised to further drive demand for power cables in future.

Market Segmentation by Deployment

Overhead cables in Kazakhstan are expected to experience significant growth, mainly because they are easier to access for maintenance and repairs, being situated above ground level. This leads to reduced downtime and lower costs related to maintenance tasks.

Market Segmentation by Application

By application, the residential sector serves as the primary revenue source in Kazakhstan, notably within residential buildings, as evidenced by initiatives like the Nurly Zher state program. This program, which oversaw the construction of 2 million square meters of social housing, underscores the essential role of wires and cables in establishing electrical connections and complying with building code standards. The growth of the residential sector would continue to generate demand for insulated wires and cables.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Kazakhstan Insulated Wires and Cables Market Overview
• Kazakhstan Insulated Wires and Cables Market Outlook
• Kazakhstan Insulated Wires and Cables Market Forecast
• Historical Data and Forecast of Kazakhstan Insulated Wires and Cables Market Revenues for the Period 2020-2030F
• Historical Data and Forecast of Kazakhstan Insulated Wires and Cables Market Revenues, By Type, for the Period 2020-2030F
• Historical Data and Forecast of Kazakhstan Insulated Wires and Cables Market Revenues, By Deployment, for the Period 2020-2030F
• Historical Data and Forecast of Kazakhstan Insulated Wires and Cables Market Revenues, By Application, for the Period 2020-2030F
• Market Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Trends
• Key Performance Indicators
• Kazakhstan Insulated Wires and Cables Revenue Ranking, By Companies, 2023
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

• Power Cable
• Fibre Optic Cable
• Fire Resistant Cable
• Instrumentation and Control Cable
• Coaxial Cable
• Automotive Wire
• Others (Telephone, Solar, UTP LAN Cable)

By Deployment

• Overhead
• Underground
• Submarine

By Application

• Commercial
• Residential
• Power Utilities
• Industrial
• Infrastructure
• Others (Telecommunication, Construction, Electrical Equipment etc)