Saudi Arabia Electric Vehicle Cables Market Analysis by Type (High Voltage Cables, Low Voltage Cables, Coaxial Cables, Shielded Cables, Unshielded Cables), Voltage Rating, Vehicle Type, Application and End User: Regional demand, Consumption (Units), Pricing Analysis and Forecast Till 2030

Market Overview

Saudi Arabia electric vehicle cables market recorded a sale of 75,016 units in 2023 and is estimated to reach a volume of 268,659 units by 2030 with a CAGR of 19.4% during the forecast period.

 
The expansion of smart grid projects is identified as a significant driver in the Saudi Arabia electric vehicle cables market, transforming the distribution and utilization of power for EV charging infrastructure. As Saudi Arabia accelerates its Vision 2030 agenda, aimed at diversifying its economy and fostering sustainable mobility, the integration of advanced smart grid systems is becoming essential to facilitate large-scale electric vehicle deployment. Smart grids allow for real-time monitoring, load balancing, and dynamic power management, crucial for preventing system overloads and ensuring stable energy distribution during peak EV charging periods. This increased efficiency directly enhances the reliability and performance of electric vehicle charging networks, which in turn boosts the demand for high-quality and durable EV cables nationwide.

By December 2024, Saudi Arabia is projected to have achieved approximately 32% automation of its electricity distribution network, with a target of reaching 40% by the end of 2025. Concurrently, over 11 million smart meters have been installed since 2021, allowing consumers to track energy consumption in real-time and enabling utilities to respond promptly to grid demands. These enhancements improve energy efficiency, reduce losses, and facilitate the flexible integration of EV charging loads into the grid. As the electric vehicle ecosystem continues to expand, the grid's increased capacity and responsiveness will accommodate more charging stations and higher vehicle-to-grid (V2G) participation, driving greater demand for EV cables.

Furthermore, smart grid initiatives promote the integration of renewable energy sources and energy storage systems, which significantly impacts the Saudi Arabia electric vehicle cables market. For instance, the grid expansion plan aims to reach approximately 160,000 km of transmission lines by 2030 and increase of around 60% from current levels highlighting the scope of infrastructure transformation underway. As the grid becomes more complex and decentralized, the demand for advanced cabling solutions capable of handling variable loads, bidirectional flows, and higher voltages will continue to escalate. Manufacturers and suppliers of EV cables must adapt to meet these evolving specifications, positioning high-performance cable technologies as a strategic opportunity.

In conclusion, the Saudi Arabia electric vehicle cables market is set to benefit significantly from the expansion of smart grids, enhancing both volume and value. Cable providers that can deliver rugged, technologically advanced solutions will gain a competitive advantage, while utilities and infrastructure developers will prioritize cable systems that align with grid automation and EV charging requirements. The convergence of electric vehicle adoption and smart grid development points to a strong long-term growth trajectory for the Saudi Arabia electric vehicle cables market.

Pricing Analysis

The pricing trajectory for the Saudi Arabia electric vehicle cables market from 2020 to 2030 illustrates a dynamic interrelation of supply-chain pressures, demand surges, technology adoption, and cost rationalization. In 2020, the average price per unit was recorded at USD 130, representing a modest baseline of EV-cable utilization when electric vehicle infrastructure and cable manufacturing were still in their infancy. By 2021, the market experienced a significant increase, with prices rising to USD 180 per unit. This surge was driven by increasing infrastructure investment, early-stage supply bottlenecks, and escalating raw material costs, particularly for copper and aluminum, during the global recovery phase.

 
In 2022, prices peaked at USD 200 per unit due to an acceleration in EV rollouts, intensified charging station construction, and the growing demand for specialized cables designed for higher current capacities. From 2023 onwards, the pricing trend showed signs of moderation and decline. The average price fell to USD 170 per unit in 2023, indicating early signs of supply stabilization and the entrance of new competitors into the market. By 2024, the average price further decreased to USD 160 per unit as domestic manufacturing capacity expanded and imports adjusted to meet demand.

In 2025, the forecasted price of USD 140 per unit suggests cost efficiencies stemming from enhanced manufacturing processes and potential standardization of cable designs for EV charging, which may lower margins. The estimate for 2026 aligns with 2020 levels at USD 130 per unit, signaling a trend towards a 'normalized' state as adoption matures and supply chains become more efficient. In 2027, the forecast price drops to USD 120 per unit, reflecting ongoing downward pressure from economies of scale, localized cable production, and improved logistics.
By 2028, the price is anticipated to dip to USD 105 per unit, indicating a fully scaled and competitive market where basic EV charging cables have become commoditized and price competition is robust. The forecast for 2029 predicts a price of USD 100 per unit, suggesting that the market is entering a mature cost-structure phase. 
Interestingly, in 2030, a slight increase to USD 108 per unit is expected, potentially due to the introduction of incremental technologies like higher-voltage and bi-directional vehicle-to-grid cables, or heightened specification requirements such as climate resistance and enhanced shielding, which could add value and push unit prices slightly higher.
Overall, the pricing analysis of the Saudi Arabia electric vehicle cables market reveals an initial spike driven by infrastructure build-out pressures and supply constraints, followed by a phase of normalization and cost reduction as scale and competition grow. This is expected to culminate in modest price recovery as value-added specifications emerge. Stakeholders involved in production, procurement, or investment in this market should anticipate high unit prices in the early years, transitioning into a lower-cost commodity regime, with the potential for premium pricing segments emerging later on.

Segmental Analysis

Based on type, Saudi Arabia electric vehicle cables market is segmented into High Voltage Cables, Low Voltage Cables, Coaxial Cables, Shielded Cables, Unshielded Cables.

The Saudi Arabia electric vehicle cables market exhibits a well-defined segmentation by cable type, with each category serving distinct functions within the rapidly expanding EV ecosystem. High voltage cables capture the largest market share at approximately 28%, driven by their critical role in connecting vehicle batteries to electric drive systems and high-capacity charging stations. The increasing deployment of fast and ultra-fast chargers across the Kingdom has generated significant demand for high voltage cables that can safely handle voltages exceeding 600V. These cables are engineered with enhanced insulation, heat resistance, and electromagnetic compatibility to meet safety and performance standards in high-load environments. Their growing application in electric buses, fleet vehicles, and commercial EVs further cements their dominance in the Saudi Arabia electric vehicle cables market.

Low voltage cables comprise about 22% of the market and are primarily utilized for power distribution within vehicles, supporting lighting systems, infotainment units, sensors, and control modules. As the EV industry in Saudi Arabia matures, the demand for lightweight, energy-efficient, and compact low voltage cables is projected to rise. These cables are essential for facilitating vehicle control and communication systems, particularly in electric two-wheelers and passenger cars. The development of localized cable manufacturing facilities and increasing standardization are anticipated to reduce costs and strengthen the low voltage segment in the upcoming years.
Coaxial cables account for roughly 15% of the Saudi Arabia electric vehicle cables market, playing a crucial role in high-frequency signal transmission for advanced driver-assistance systems (ADAS), vehicle-to-infrastructure (V2I) communication, and onboard diagnostics. As the country embraces intelligent transport systems and connected vehicle technologies, the utilization of coaxial cables is expected to expand significantly.

Shielded cables, representing 20% of the market, are gaining traction due to their ability to minimize electromagnetic interference. Their increasing use in high-density wiring systems of EVs ensures signal integrity and safety. The rise of electric vehicle automation and telematics is projected to drive robust growth for this segment.

Unshielded cables account for the remaining 15%, serving low-sensitivity circuits and general-purpose connections where the risk of interference is minimal. Their simplicity and cost-effectiveness make them a popular choice for basic applications, particularly in entry-level EV models. Together, these segments reflect the evolving technological and structural landscape of the Saudi Arabia electric vehicle cables market, highlighting a balanced mix of innovation, cost optimization, and strategic material use.

Regional Analysis

The Saudi Arabia electric vehicle cables market exhibits a notable regional concentration, mirroring the country's infrastructure development, industrial activities, and the levels of electric mobility adoption. Riyadh Province commands the largest share, estimated at approximately 36%, owing to its role as the Kingdom's administrative and economic hub. This region has seen a rise in electric vehicle charging stations, large-scale public infrastructure projects, and government-led smart city initiatives as part of Vision 2030. The strategic emphasis on electrifying public transport fleets, along with a concentration of research and manufacturing operations, has positioned Riyadh as the foremost consumer of EV cables. Additionally, the region's high density of residential and commercial developments enhances the demand for private charging installations.

 
The Western Region, which includes Makkah and Jeddah, accounts for around 30% of the electric vehicle cables market in Saudi Arabia. Jeddah's significance as a major commercial center and an import gateway has facilitated the rapid rollout of EV charging networks and retail distribution channels. The presence of automotive dealerships, logistics centers, and industrial clusters focused on mobility services further drives the region's substantial consumption of both low- and high-voltage EV cables. Furthermore, sustainability initiatives driven by tourism in Makkah are promoting the use of electric buses and taxis, thereby increasing cable utilization for charging and maintenance purposes.

The Eastern Province represents approximately 20% of the market, supported by an industrial and energy-based economy. Cities such as Dammam and Dhahran are gradually transitioning toward electric vehicle adoption, particularly in industrial and corporate fleet applications. The existing infrastructure for oil and gas has prompted businesses to explore renewable and electric vehicle technologies, leading to the establishment of localized cable production and testing facilities. This region’s access to key logistics routes positions it as an emerging hub for EV cable imports and exports.

Other regions collectively contribute the remaining 14% of the Saudi Arabia electric vehicle cables market, consisting of secondary cities and developing zones that are starting to implement charging infrastructure. Government initiatives aimed at promoting green mobility beyond the major urban centers are expected to boost these regions' market contributions over the next decade. In summary, the regional distribution of the market reflects Saudi Arabia's phased and infrastructure-centric strategy toward electric mobility, with cable demand closely aligned with investment hotspots and urban electrification priorities.

Company Analysis

Major companies within the Saudi Arabia electric vehicle cables market, such as Riyadh Cables Group, SINBON Electronics Co., Ltd., Alfanar, and Auton, are strategically focusing on capacity expansion, localization, and technological innovation to enhance their market presence. Riyadh Cables Group is concentrating on large-scale production and the development of high-voltage and heat-resistant EV cables to support the nation's EV infrastructure growth. SINBON Electronics is utilizing its global expertise in smart cable systems to provide advanced and lightweight solutions for charging and vehicle integration. Alfanar is prioritizing partnerships with automotive OEMs and infrastructure developers to promote local manufacturing and decrease reliance on imports. Auton is focused on creating flexible and durable cable designs to accommodate various charging needs. Collectively, these companies are implementing strategies centered on sustainability, adherence to international safety standards, and investment in R&D to serve Saudi Arabia’s rapidly expanding electric vehicle ecosystem.