Iraq Wires and Cables Market Outlook (2022-2028) | Share, Companies, Analysis, Trends, Industry, Value, Growth, Revenue, Forecast, Size & COVID-19 IMPACT

Iraq Wires and Cables Market report thoroughly covers the market by voltage, by-products, installations, materials, and applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Iraq Wires and Cables Market Synopsis

Iraq wires and cables market registered growth in 2021 owing to development projects under Iraq Economic Vision 2030 plan. However, due to the outbreak of COVID-19 major construction projects came to a halt, which negatively impacted the demand for wires and cables in 2020. Although, as soon as the lockdown was lifted the market started recovering from the losses, and the market is expected to grow in the forecast period, fueled by the government’s several tenders in the construction and engineering sector.

According to 6Wresearch, Iraq Wires and Cables market size grew at a CAGR of 6.3% during 2022-2028. Iraq wires and cables market has registered significant growth in 2021 on account of government measures taken to enhance the Iraq power sector by the Ministry of Electricity & Renewable Energy. On-going mega power plant projects of 3,000MW and 700 MW have driven the market for cables and wires. Furthermore, the government has awarded 1,000MW combined-cycle gas turbine (CCGT) and 135MW power plant projects under national development plan which would escalate demand for wires and cables during the forecast period.

Market Analysis By Applications

In 2021, the energy & power segment held the majority of market revenue share in the Iraq wires and cables market and is expected to maintain its dominance during the forecast period as well on account of the expansion of power transmission lines. Additionally, increasing power distribution efficiency by installing new power grids to facilitate the plans of 33% clean energy by 2030 would escalate the demand for cables, hence would drive the energy & power segment.

Key Attractiveness of the Report

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

Key Highlights of the Report

• Iraq Wires and Cables Market Overview
• Iraq Wires and Cables Market Outlook
• Iraq Wires and Cables Market Forecast
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues and Volume for the Period 2018-2028F
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues, By Voltage for the Period 2018-2028F
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues, By-Products for the Period 2018-2028F
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues, By Installations for the Period 2018-2028F
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues, By Materials for the Period 2018-2028F
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues, By Applications for the Period 2018-2028F
• Historical Data and Forecast of Iraq Wires and Cables Market Revenues, By Countries for the Period 2018-2028F
• Market Drivers and Restraints
• Market Trends
• Industry Life Cycle
• Iraq Wires and Cables Market – Porter’s Five Forces
• Market Opportunity Assessment
• Company Revenue Ranking/Shares
• Market Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

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

By Voltage

• Low Voltage
• Medium Voltage
• High Voltage
• Extra-High Voltage

By-Products

• Multi-Conductor
• Twisted Pair
• Coaxial
• Fibre Optics

By Installations

• Overhead
• Underground

By Materials

• Copper
• Aluminum
• Glass

By Applications

• Residential
• Commercial
• Industrial
• Energy and Power
• IT and Telecommunication
• Others (Hospitality, Healthcare, Aerospace, etc.)

Frequently Asked Questions About the Market Study (FAQs):