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

Oman Wires and Cables Market report thoroughly covers the market by voltage, by-products, installations, materials, and by 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.

Oman Wires and Cables Market Synopsis

Oman wires and cables market witnessed growth in 2021 on account of the expansion of energy and power generation, transmission & distribution network in the country, owing to the collaboration of major companies. 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 projects in the infrastructure and oil & gas sector.

According to 6Wresearch, Oman Wires and Cables market size grew at a CAGR of 7.3% during 2022-2028. Oman wires and cables market has registered growth in 2021 on account of the collaboration between, Oman Power and Water Procurement Company, Oman Electricity Transmission Company, and TE for the expansion of power generation, transmission & distribution network in which the development of renewable was considered with a target of 15% of renewable capacity by 2030. This capacity is distributed among concentrated solar power, PV, and wind and is expected to reach a total of 3 GW by 2030. Additionally, Oman Vision 2040, is to improve the building construction sector by applying the lean construction management system, boding well with the growing 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 Oman wires and cables market and is expected to maintain its dominance during the forecast period as well on account of increased electricity generation and consumption. Additionally, electricity generation registered a CAGR of 3.8% while consumption grew at a CAGR of 4.0% during 2016–20 and better performance is expected in the forecast period.

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

• Oman Wires and Cables Market Overview
• Oman Wires and Cables Market Outlook
• Oman Wires and Cables Market Forecast
• Historical Data and Forecast of Oman Wires and Cables Market Revenues and Volume for the Period 2018-2028F
• Historical Data and Forecast of Oman Wires and Cables Market Revenues, By Voltage for the Period 2018-2028F
• Historical Data and Forecast of Oman Wires and Cables Market Revenues, By-Products for the Period 2018-2028F
• Historical Data and Forecast of Oman Wires and Cables Market Revenues, By Installations for the Period 2018-2028F
• Historical Data and Forecast of Oman Wires and Cables Market Revenues, By Materials for the Period 2018-2028F
• Historical Data and Forecast of Oman Wires and Cables Market Revenues, By Applications for the Period 2018-2028F
• Market Drivers and Restraints
• Market Trends
• Industry Life Cycle
• Oman 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):