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By 2024, the Levante power cable market will exceed $ 6 billion
Send Time:2017-6-27  View:1546


  According to a recent study by Global Market Insights, 2024, Levant, from Greece to Egypt, including Syria, Lebanon, Jordan, Israel, and Palestine, will be $ 6 billion. The increasing investment in infrastructure development in war-affected countries (including Syria and Iraq) will drive the size of the Levante power cable market.

  Increasingly, government and private funds to renovate war-affected public assets will drive the size of the Levante power cable. The Iraqi government has signed a strategic agreement with Siemens to strengthen and upgrade Iraq's traditional energy infrastructure and modern security systems. In 2016, Iraq invested $ 358 billion for post-civil war construction projects.

  In order to reduce the dependence on traditional fossil fuels, so more and more attention to expand the clean energy, which will accelerate the power cable market growth. In 2016, the Jordanian government announced the third renewable energy tender, an increase of 200 megawatts of solar energy and 100 megawatts of wind power projects. In 2017, the Israeli government announced the development of the country's largest solar power project by 2018, with a capacity of 310 megawatts. Israel also plans to meet 10% of domestic electricity demand by renewable energy by 2020.

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