The Middle East copper rod and busbar market size reached around USD 2.93 billion in 2024. The market is projected to grow at a CAGR of 7.40% between 2025 and 2034 to reach nearly USD 5.98 billion by 2034.
The overall construction sector of the Middle East is expanding, driven by a rise in foreign investment, the expansion of tourism, and the demand for residential and commercial real estate. The growth of the construction industry supports the Middle East copper rod and busbar market development. Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait are the most significant nations in this region in terms of construction. For instance, Saudi Arabia's construction sector is expanding due to major projects like NEOM and major entertainment complexes like Qiddiya near Riyadh.
The main copper markets in Middle East includes the UAE, Saudi Arabia, and Iran. Annually, these countries account for around 5% of global copper consumption.
Additionally, copper is a vital component in rechargeable batteries and renewable power systems, crucial in producing green energy in the region. The increasing government investment in clean energy projects is expected to aid the Middle East copper rod and busbar market.
Copper rods are employed in the automotive sector in radiators and brake tubing as well as in EV charging stations. Further, copper wire rods are deployed in the automotive sector for wiring harnesses, ignition systems, and connectors. By 2025, Saudi Arabia aims to install 50,000 domestic charging stations to promote the adoption of EVs.
Saudi Arabia's Vision 2030 programme is supporting the growth of its construction sector by envisioning mega-projects. Renowned mega construction projects in the Kingdom include Jeddah Economic City, the Red Sea Project, and the NEOM housing development project.
Within the industrial equipment sector of Middle East, the demand for transformers is driven by power generation, petrochemical, and infrastructure projects in countries, such as the UAE, Oman, and Saudi Arabia. The UAE and Saudi Arabia are among the major markets of transformers in the Middle East region.
The transformer is a crucial component in a substation. Power transformers for instance increase the voltage to transmit electric energy to the electricity-consuming area but also lower the voltage to the voltage used at all levels to meet the needs of electricity consumption. The expansion of the industrial sector in the region is expected to drive the growth of the Middle East copper rod and busbar market.
In May 2023, Qatar announced a USD 630 million investment in two solar plants in Mesaieed and Ras Laffan industrial cities. The rising investments in clean energy projects, such as solar projects are aiding the demand for copper products like busbar, to distribute power efficiently in PV modules.
The overall construction sector of the Middle East is expanding, driven by a rise in foreign investment, the expansion of tourism, and the demand for residential and commercial real estate. The growth of the construction industry supports the Middle East copper rod and busbar market development. Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait are the most significant nations in this region in terms of construction. For instance, Saudi Arabia's construction sector is expanding due to major projects like NEOM and major entertainment complexes like Qiddiya near Riyadh.
The main copper markets in Middle East includes the UAE, Saudi Arabia, and Iran. Annually, these countries account for around 5% of global copper consumption.
Figure: Middle East Annual Percentage Growth of the Industry* (Including Construction); 2018-2022
(*Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing, construction, electricity, water, and gas.)Key Trends and Developments
Growing construction sector; extensive adoption of copper products in the industrial sector; the presence of recyclable characteristics; and increasing adoption of EVs are the key trends impacting the Middle East copper rod and busbar market growth.Mar 19, 2024
The London Metal Exchange (LME) added Jeddah, a port city in Saudi Arabia as a new delivery point for copper and zinc, pending consultation on a technical change to its warehouse location framework. This move reflects Saudi Arabia's growing significance in the metals market and aims to enhance accessibility and efficiency for market participants.Nov 21, 2023
Vedanta Limited established a one lakh tonne copper rod plant in Dammam, Saudi Arabia, through its subsidiary Malco Energy, aiming to meet the growing demand for high-quality wire rods supported by Saudi Arabia's vision of industrial diversification.Oct 18, 2023
The European Bank for Reconstruction and Development (EBRD) provided a USD 50 million loan to United Metals Company (UMC), an Egyptian copper rod manufacturer. This funding will support UMC's working capital needs, particularly for importing copper cathodes crucial for cable production.Sep 23, 2022
Saudi Geological Survey announced the discovery of new gold and copper ore deposits in the holy city of Madinah, with gold deposits found within the Aba Al-Raha boundaries and copper ore discovered in the Al-Madiq area of Wadi Al-Faraa.Robust growth of the construction sector
Saudi Arabia is considered the most active player in the Middle East construction sector, with the country's total value of capital projects estimated to be USD 1.2 trillion. Further, the UAE comes second with D 713 billion.Copper products are vital in the industrial sector
In the GCC countries, the oil sector contributes about one-third to the total GDP. Copper finds application in pump impellers, valve stems, pump shafts, and other industrial equipment. Further, in the aviation sector, copper square bars are used in the engines of rockets, helicopters, and other aircraft.Copper products are 100% recyclable
The incorporation of copper products greatly improves life-cycle costs and energy efficiency. On average, copper products comprise over 35% of recycled content, which lowers the copper's impact on the environment. Further, copper is fully recyclable making it an ideal material to help end users boost their sustainability.Rising adoption of EVs aids the demand for copper products such as busbars
Copper is used in motors, batteries, inverters, wiring, and charging stations for electric vehicles. Copper busbars play pivotal roles in EVs to distribute electric current from the batteries to the vehicle's components and systems.Middle East Copper Rod and Busbar Market Trends
Solar energy investments in the Middle East are anticipated to triple between 2022 and 2027. Copper busbars are widely employed in solar panels as they enhance panel performance and durability.Additionally, copper is a vital component in rechargeable batteries and renewable power systems, crucial in producing green energy in the region. The increasing government investment in clean energy projects is expected to aid the Middle East copper rod and busbar market.
Copper rods are employed in the automotive sector in radiators and brake tubing as well as in EV charging stations. Further, copper wire rods are deployed in the automotive sector for wiring harnesses, ignition systems, and connectors. By 2025, Saudi Arabia aims to install 50,000 domestic charging stations to promote the adoption of EVs.
Saudi Arabia's Vision 2030 programme is supporting the growth of its construction sector by envisioning mega-projects. Renowned mega construction projects in the Kingdom include Jeddah Economic City, the Red Sea Project, and the NEOM housing development project.
Market Segmentation
“Middle East Copper Rod and Busbar Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Type
- Copper Rod_x000D_ _x000D_ Breakup by Shape Type_x000D_ _x000D_ Flat _x000D_ Round _x000D_ Others _x000D_ _x000D_ _x000D_ Breakup by Grade_x000D_ _x000D_ C10100 _x000D_ C10200 _x000D_ C11000 _x000D_ Others _x000D_ _x000D_ _x000D_ _x000D_
- Copper Rod_x000D_ _x000D_ Breakup by Shape Type_x000D_ _x000D_ Flat _x000D_ Round _x000D_ Others _x000D_ _x000D_ _x000D_ Breakup by Grade_x000D_ _x000D_ C10100 _x000D_ C10200 _x000D_ C11000 _x000D_ Others _x000D_ _x000D_ _x000D_ _x000D_
- Copper Busbar_x000D_ _x000D_ Breakup by Shape Type_x000D_ _x000D_ Round _x000D_ Rectangle _x000D_ Others _x000D_ _x000D_ _x000D_ Breakup by Power Rating_x000D_ _x000D_ Low _x000D_ Medium _x000D_ High _x000D_ _x000D_ _x000D_ _x000D_
- Copper Busbar_x000D_ _x000D_ Breakup by Shape Type_x000D_ _x000D_ Round _x000D_ Rectangle _x000D_ Others _x000D_ _x000D_ _x000D_ Breakup by Power Rating_x000D_ _x000D_ Low _x000D_ Medium _x000D_ High _x000D_ _x000D_ _x000D_ _x000D_
- Copper Rod_x000D_ _x000D_ Breakup by Shape Type_x000D_ _x000D_ Flat _x000D_ Round _x000D_ Others _x000D_ _x000D_ _x000D_ Breakup by Grade_x000D_ _x000D_ C10100 _x000D_ C10200 _x000D_ C11000 _x000D_ Others _x000D_ _x000D_ _x000D_ _x000D_
- Copper Busbar_x000D_ _x000D_ Breakup by Shape Type_x000D_ _x000D_ Round _x000D_ Rectangle _x000D_ Others _x000D_ _x000D_ _x000D_ Breakup by Power Rating_x000D_ _x000D_ Low _x000D_ Medium _x000D_ High _x000D_ _x000D_ _x000D_ _x000D_
Market Breakup by End Use
- Construction
- Industrial Equipment
- Transport and Non-Industrial
Market Breakup by Sales Channel
- Direct
- Distributor
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Iran
- Kuwait
- Qatar
- Oman
- Bahrain
- Others
Middle East Copper Rod and Busbar Market Share
By end use, the construction sector dominates the Middle East copper rod and busbar market share
Saudi Arabia is the largest economy in the Middle East. The Saudi Arabian construction sector is backed by the Public Investment Fund, Saudi's sovereign wealth fund. It is financing major giga-projects like Neom, a USD 500 billion futuristic city, and Red Sea Global, a USD 23.6 billion luxury tourism project. The UAE is also a prosperous country, with consumers increasingly investing in mega-construction projects. The ease of financing contributes to the growth of the region's construction sector, which, in turn, supports the Middle East copper rod and busbar market expansion.Within the industrial equipment sector of Middle East, the demand for transformers is driven by power generation, petrochemical, and infrastructure projects in countries, such as the UAE, Oman, and Saudi Arabia. The UAE and Saudi Arabia are among the major markets of transformers in the Middle East region.
The transformer is a crucial component in a substation. Power transformers for instance increase the voltage to transmit electric energy to the electricity-consuming area but also lower the voltage to the voltage used at all levels to meet the needs of electricity consumption. The expansion of the industrial sector in the region is expected to drive the growth of the Middle East copper rod and busbar market.
Competitive Landscape
Manufacturers are upgrading their product portfolios and incorporating the latest capabilities to innovate their offerings and meet the evolving demands of consumers.Dubai Cable Company (Private) Limited
Ducab is a leading manufacturing entity in the Emirates, that offers top-tier solutions to the worldwide energy industry. Ducab has a presence in 45 countries spanning the Middle East, Africa, Asia, Australasia, Europe, and the Americas.Aeris Stream Copper Manufacturing LLC
Headquartered in the UAE, Aeris Stream Copper Manufacturing LLC is an innovative facility specializing in the production of copper rods and wires.Emirates National Copper Factory LLC
Emirates National Copper Factory LLC also known as Nuhas, a privately-held enterprise, is a pioneering company in the United Arab Emirates. Nuhas manufactures Oxygen Free Copper products to a purity of 99.99% and 101% IACS conductivity.Union Copper Rod LLC
Union Copper Rod operates as a wholly owned subsidiary of Ittihad International Investment. Headquartered in the UAE, the company boasts the Middle East's largest production line, with a rod capacity surpassing 200,000 metric tons annually.Middle East Copper Rod and Busbar Market Analysis by Country
Copper wire rods find application in electrical wiring for residential, commercial, and industrial structures. In March 2024, Saudi Arabia attracted an investment of around USD 13 billion in its tourism sector. The investments are expected to add around 150,000 to 200,000 hotel rooms in the next two years.In May 2023, Qatar announced a USD 630 million investment in two solar plants in Mesaieed and Ras Laffan industrial cities. The rising investments in clean energy projects, such as solar projects are aiding the demand for copper products like busbar, to distribute power efficiently in PV modules.
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Middle East Copper Rod and Busbar Market Overview
6 Middle East Copper Rod and Busbar Market by Type
7 Middle East Copper Rod and Busbar Market by End Use
8 Middle East Copper Rod and Busbar Market by Sales Channel
9 Middle East Copper Rod and Busbar Market by Country
10 Market Dynamics
11 Raw Material Analysis
12 Competitive Landscape
Companies Mentioned
- Dubai Cable Company (Private) Limited
- Aeris Stream Copper Manufacturing LLC
- Emirates National Copper Factory LLC
- Union Copper Rod LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 2930.65 Million |
| Forecasted Market Value ( USD | $ 5984.21 Million |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Middle East |
| No. of Companies Mentioned | 4 |
