Pakistan Power Cable Market (2022-2028) | Forecast, Analysis, Trends, Revenue, Size, Share, Growth, Industry, Outlook, Value, Segmentation & COVID-19 IMPACT

Pakistan Power Cable Market Synopsis

The Pakistan power cable market is expected to grow during the forecast period. This market is driven by the increasing demand for electricity in Pakistan, which is being met by the installation of new power generation facilities. Moreover, the government's focus on infrastructure development and investment will also drive growth in this market.

According to 6Wresearch, the Pakistan Power Cable Market size is expected to grow during 2022-2028. Pakistan is one of the most populous and fastest-growing countries in the world. The country has a population of over 208 million people and is expected to reach 300 million by 2025. The growth of the Pakistani economy is fuelled by a growing number of people who are in need of electrical goods and services, as well as an increase in investment opportunities.

A significant amount of this installed capacity is concentrated in Karachi and Lahore because these two cities have a large population and are key industrial hubs. The Pakistani government has been aggressively promoting renewable energy sources such as solar, wind, and biomass since 2008. This has led to an increase in the installation of wind and solar power plants over thermal power plants.

Pakistan is one of the top 10 electricity deficit countries in the world. This shortfall has been attributed to a lack of available resources and infrastructure, which have impeded the development of the power sector in Pakistan. The Pakistani government is also promoting the development of power cable networks to transmit electricity from remote areas to major urban centers. This will help relieve pressure on the country's grid infrastructure and reduce the need for fossil fuels. Thus driving the Pakistan Power Cable Market growth.

The regional segmentation includes North Pakistan, South Pakistan and Balochistan provinces. The North Pakistan province accounts for the largest share in terms of revenue in the overall market followed by South Pakistan province. Balochistan province is expected to register a high growth rate during the forecast period owing to its untapped potential in terms of power generation capacity.

Key Market Drivers and Restraints

Pakistan is one of the fastest-growing economies in the world. The country is also home to a large population, which has resulted in an increasing demand for electricity. There are several market drivers that are expected to drive the growth of the Pakistan power cable market over the next few years. The main drivers of the Pakistan power cable market are increasing demand for electricity from businesses and homes, the increase in investment into renewable energy sources such as solar and wind, and government initiatives such as the National Electric Plan 2030.

The main restraints of the Pakistan power cable market are limited distribution infrastructure, high installation costs, and lack of familiarity with the technology among consumers. The restraint on the growth of the Pakistani power market is the limited availability of resources. This is due to the rapid population growth, which has put strain on the country's infrastructure, significantly affecting the Pakistan Power Cable Market revenue.

The opportunities of the Pakistani power cable market include an increase in demand for electricity from businesses and homes, a decline in prices of solar panels and wind turbines, and increased investment into renewable energy sources such as solar and wind.

Factors affecting the Pakistan Power Cable Market

The existing power generation infrastructure is also inadequate to meet current and future demand. The country's transmission and distribution networks are aging and prone to frequent breakdowns, making it difficult to distribute electricity to users across the country. Additionally, there is a lack of storage capacity, which makes it difficult for generators to operate during peak hours.

The government is currently undertaking several initiatives to address these issues. These initiatives include the installation of nuclear plants, the development of renewable energy resources, and the expansion of the power grid. However, it will take some time before these initiatives bear fruit. In the meantime, Pakistan's electricity shortage is likely to continue remain a major constraint on economic growth in the country.

Pakistan's electricity deficit is expected to increase in the coming years as the country's population and economic growth continue to surge. This shortfall is likely to have a significant impact on the country's economy, causing unemployment and poverty to rise.

Nevertheless, the Pakistan power cable market continues to grow steadily due to increasing demand for electricity from businesses and homes throughout the country. The main reason for this growth is the increasing number of businesses that are installing generators in order to provide backup power during outages or for energy conservation purposes.

Additionally, there is an increase in private home ownership across the country which necessitates an increased reliance on electricity for both normal usage as well as entertainment purposes. Furthermore, there is also an increase in investment into renewable energy sources such as solar and wind which has driven down prices of solar panels and wind turbines thereby making these more affordable for consumers.

Market Analysis based on End User

Based on End users, the residential has the highest growth potential owing to the untapped market and growing population of the country. The industrial economy is not in a good shape which is affecting the other end user’s requirements thus affecting the Pakistan Power Cable Market revenue. However, the residential segment will register significant growth.

Impact of COVID-19 on the Pakistan Power Cable Market

The COVID-19 pandemic has had a negative impact on the Global Power Cable Market. The lockdown measures implemented by the government to contain the spread of the virus have led to a slowdown in economic activity, resulting in lower demand for electricity. This has resulted in a decline in sales of power cables in Pakistan.

Key Players Operating in the Pakistan Power Cable Market

The power cable industry in Pakistan is evolving rapidly, with a focus on demand for more and larger capacity cables. Additionally, a recent wave of mergers and acquisitions has led to the emergence of several new players in the market. Some key players that are expected to dominate the Pakistan Power Cable Market share include

• JSW Energy Limited
• China Three Gorges Corporation (CTGC)
• ENEL Green Power S.p.A

Among other players, these companies have been investing in new infrastructure projects across the country, which will support growth in this market.

In terms of strategy, companies should focus on expanding their presence across different geographies in Pakistan. Additionally, they should provide quality products and services at affordable prices to meet the increasing demand from consumers.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Pakistan Power Cable Market Outlook
• Market Size of Pakistan Power Cable Market, 2021
• Forecast of Pakistan Power Cable Market, 2028
• Historical Data and Forecast of Pakistan Power Cable Revenues & Volume for the Period 2018 - 2028
• Pakistan Power Cable Market Trend Evolution
• Pakistan Power Cable Market Drivers and Challenges
• Pakistan Power Cable Price Trends
• Pakistan Power Cable Porter's Five Forces
• Pakistan Power Cable Industry Life Cycle
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Installation Type for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Overhead for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Underground for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Submarine for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Voltage for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Low for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Medium for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By High for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By End Use for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Residential for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Commercial for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Industrial for the Period 2018 - 2028
• Historical Data and Forecast of Pakistan Power Cable Market Revenues & Volume By Utilities for the Period 2018 - 2028
• Pakistan Power Cable Import Export Trade Statistics
• Market Opportunity Assessment By Installation Type
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End Use
• Pakistan Power Cable Top Companies Market Share
• Pakistan Power Cable Competitive Benchmarking By Technical and Operational Parameters
• Pakistan Power Cable Company Profiles
• Pakistan Power Cable Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Installation Type

• Overhead
• Underground
• Submarine

By Voltage

• Low
• Medium
• High

By End Use

• Residential
• Commercial
• Industrial
• Utilities