Saudi Arabia Power Cables Market: Grid Expansion, Infrastructure Development & Growth Outlook

According to IMARC Group's latest research publication, Saudi Arabia power cables market size reached USD 1,816.9 Million in 2025. The market is projected to reach USD 2,752.1 Million by 2034, exhibiting a growth rate (CAGR) of 4.72% during 2026-2034.

How AI is Reshaping the Future of Saudi Arabia Power Cables Market

• Predictive Cable Health Monitoring: AI sensors track cable temperature, voltage fluctuations, and insulation degradation in real-time, predicting failures before they occur and reducing unplanned outages by 30-40% across transmission networks in harsh desert environments.
• Smart Grid Integration: Machine learning algorithms optimize power flow through cable networks, automatically rerouting electricity during peak demand or renewable energy fluctuations, improving grid efficiency and supporting Saudi Arabia's 50% renewable electricity target by 2030.
• Quality Assurance in Manufacturing: AI-powered vision systems detect microscopic defects in cable insulation and conductor materials during production, ensuring compliance with international standards and reducing rejection rates by 25% at facilities like Elsewedy Cables KSA in Yanbu.

How Vision 2030 is Revolutionizing Saudi Arabia Power Cables Industry

Vision 2030's transformative infrastructure agenda is creating unprecedented demand for advanced power cable systems across the kingdom. Mega-projects including NEOM, The Line, Red Sea Project, Qiddiya, and King Salman Park require massive transmission and distribution networks spanning enormous geographical distances, driving demand for high-voltage underground and overhead cables. The Saudi Electricity Company's USD 126 billion six-year infrastructure initiative focuses on expanding and modernizing transmission and distribution grids to accommodate growing electricity needs and renewable integration. The National Renewable Energy Program targets 58.7 GW of renewable capacity by 2030, with over 21 GW in planned solar and wind projects as of mid-2024, necessitating specialized cables for harsh desert conditions and long-distance power transmission. Smart city transformations incorporating cutting-edge technologies demand fiber-reinforced composite cables and intelligent monitoring systems. The government's USD 293 billion expenditure on power and renewable energy projects through 2030, combined with a USD 38 billion energy distribution plan, positions power cables as critical infrastructure components enabling economic diversification and sustainable development goals.

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Saudi Arabia Power Cables Market Trends & Drivers:

The Saudi power cables market is experiencing robust growth driven by massive renewable energy infrastructure development across the kingdom. Projects like the Sakaka PV Solar Power Plant, Dumat Al Jandal Wind Farm, Sudair Solar Project, and the world's largest single-site 2,060 MW Al-Shuaibah solar plant commissioned in 2025 require extensive specialized cabling for intermittent and decentralized energy sources. The government's Solar Energy Plan targeting 27.5 GW capacity by 2030 involves constructing seven utility-scale solar plants, creating sustained demand for extra-high voltage and high-voltage direct current cables. In May 2024, Saudi Arabia signed power purchase agreements for the 600 MW AlGhat wind project and 500 MW Wa'ad Alshamal project, achieving record-low levelized costs of 1.57 cents per kilowatt-hour. These renewable installations in rugged desert and offshore environments demand cables with superior heat tolerance, insulation quality, and durability to withstand extreme temperatures exceeding 50°C and sandstorm conditions while maintaining transmission efficiency over long distances to centralized grid stations.

Grid modernization initiatives are reshaping transmission infrastructure requirements nationwide. The Saudi Electricity Company is implementing comprehensive upgrades to accommodate installed power capacity growth from 82 GW in 2018 to projected 160 GW by 2040, necessitating replacement of aging infrastructure and installation of smart grid technologies. The expansion of grid-connected solar capacity under the kingdom's carbon neutrality by 2050 strategy requires flexible transmission networks capable of balancing renewable intermittency and managing bidirectional power flows. Underground cable installations are accelerating in urban centers like Riyadh, Jeddah, and Dammam to reduce visual impact, minimize land use, and enhance system reliability during extreme weather events. Metro system expansions including the Riyadh Metro require specialized traction power cables and signaling systems. International energy cooperation agreements, such as the January 2025 Italy-Saudi pact focusing on renewable energy and power interconnections, position Saudi Arabia as an energy export hub requiring robust submarine and cross-border transmission cables to transport hydrogen, ammonia, and electricity to European and regional markets.

Manufacturing capacity expansion and local content initiatives are transforming the supply chain dynamics. In November 2023, Elsewedy Cables KSA announced a SAR 1.2 billion investment establishing two factories in Yanbu Industrial City producing special cables for construction, power generation, and oil and gas sectors, plus a copper rod facility supplying essential raw materials. This localization strategy aligns with Vision 2030's import substitution objectives while reducing lead times and transportation costs. Growing domestic production capabilities enable customization for specific project requirements including fire-resistant cables for petrochemical facilities, armored cables for industrial zones, and marine-grade cables for offshore platforms. The automotive sector's electrification, with EV numbers surging from 375 in 2021 to over 12,000 in 2023 and targets for 30% EV share in Riyadh by 2030, creates additional demand for charging infrastructure cables. Industrial expansion in Jubail, Yanbu, and Ras Al-Khair economic cities requires extensive medium and low-voltage distribution networks for manufacturing facilities, logistics centers, and worker accommodations, sustaining multi-year growth momentum across all cable segments.

Saudi Arabia Power Cables Market Industry Segmentation:

The report has segmented the market into the following categories:

Installation Insights:

• Overhead
• Underground
• Submarine Cables

Voltage Insights:

• High
• Medium
• Low

Material Insights:

• Copper
• Aluminum

End-Use Sector Insights:

• Power
• Oil & Gas
• Chemical
• Manufacturing
• Metals & Mining
• Infrastructure
• Transportation
• Others

Regional Insights:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Power Cables Market

• January 2025: Italy and Saudi Arabia signed a five-year energy cooperation agreement focusing on renewable energy, hydrogen, and power interconnections, requiring significant investments in high-voltage transmission infrastructure including submarine and cross-border power cables to export Saudi-produced hydrogen and clean energy to Europe.
• May 2024: Saudi Arabia's state power procuring company signed power purchase agreements with Marubeni Corporation for the 600 MW AlGhat wind project and 500 MW Wa'ad Alshamal project, achieving record-low levelized energy costs and creating substantial demand for wind farm cabling infrastructure.
• 2025: ACWA Power commissioned the 2,060 MW Al-Shuaibah solar plant, the world's largest single-site solar facility, requiring extensive extra-high voltage cables and transformers for power evacuation and integration with national grid infrastructure supporting Vision 2030 renewable energy targets.

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