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UAE Copper Rod and Busbar Market Size, Share, Trends, Growth: By Type: Copper Rod, Copper Busbar; By End Use: Construction, Industrial Equipment, Transport and Non-Industrial; By Sales Channel: Direct, Distributor; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
UAE Copper Rod and Busbar Market Outlook
The UAE copper rod and busbar market size reached around USD 831.26 million in 2023. The market is further estimated to grow at a CAGR of 7.3% during 2024-2032 to reach a value of USD 1,556.18 million by 2032.
Key Takeaways
- The UAE has a robust construction sector that is launching residential and commercial projects worth billions of dollars. In 2022, Dubai recorded real estate transactions of worth USD 143.8 billion, a rise of 73% from 2021.
- The presence of key automotive manufacturers in the UAE, such as BMW, and W Motors aids copper rod demand for automotive electrical systems.
- The Dubai Electricity and Water Authority (DEWA) plans on increasing Dubai's EV Green Charging Stations from 370 in 2023 to around 1,000 by 2025.
Refining copper into copper rods has strengthened the UAE's position, globally. UAE-based companies such as Ducab and UCR have annual copper rod production capacities of around 180,000 tons and 220,000 metric tons respectively. These companies supply copper rods both domestically as well as internationally.
Copper products are widely used in the country in various markets, including construction and transportation, which contributes to the UAE copper rod and busbar market growth. In 2023, Dubai completed the construction of 3,520 buildings compared to 1,941 buildings in 2022.
The UAE's air transport market, which uses copper rods and other products for manufacturing aerospace components, is expected to expand by 170% by 2037. This would translate into 101 million more passenger trips and increased demand for aircraft.
The UAE supports the renewable energy sector through intensive research and development and governmental support. Solar power is now available in the country at around 1.35 cents per kilowatt hour. According to the International Renewable Energy Agency (IRENA), the country is expected to install over 18 GW of solar energy by 2030.
Figure: The UAE Energy Strategy 2050 Targets
Key Trends and Developments
Significant growth of the construction sector; rising use of HVAC; expanding aerospace sector of the UAE; and significant growth in EV adoption are the key trends impacting the UAE copper rod and busbar market growth
Mar 22, 2024
Abu Dhabi's International Holding Company unit is interested in acquiring Zambia's Lubambe copper mine, complicating the sale process already underway with China's JCHX Mining. The UAE firm's interest aligns with Middle Eastern investors' push for metal supply in Africa amid efforts to diversify economies and engage in energy transition.
Aug 3, 2023
Dubal Holding partnered with Thailand's Oriental Copper to establish a copper processing unit in the UAE, with an initial investment of USD 41 million. The project aims to process up to 30,000 metric tonnes of copper annually, meeting the region's growing demand for downstream copper products.
Jul 18, 2023
The Democratic Republic of Congo (DRC) has signed a $1.9 billion mining deal with the UAE, involving Societe Aurifere du Kivu et du Maniema (Sakima), to construct industrial mines in South Kivu and Maniema provinces.
Mar 16, 2023
CTC Global has announced a collaboration with Ducab Metals Business (DMB), a subsidiary of Ducab Group. This partnership permits the manufacturing of CTC Global's high-capacity, energy-efficient ACCC® Conductors in the UAE.
Expanding construction sector
Dubai is a tax-free city with a high return on investments. Additionally, since it is a prosperous nation, the citizens can pay for large construction projects. The ease of financing, political stability, and security are contributing to the growth of Dubai’s construction sector and aiding the demand for copper products.
Growing HVAC applications impacting the UAE copper rod and busbar market
The country is witnessing escalating demand for sustainable and energy-efficient HVAC systems. Geothermal heating and cooling HVAC systems are widely used in the UAE residential and commercial sector. These systems provide heating and cooling without producing GHG emissions.
Growing aerospace sector of the UAE
The UAE aims to be known as a hub for aerospace manufacturing and maintenance, repair, and overhaul. The UAE is concentrating on developing advanced manufacturing facilities and capabilities for composite parts and aerospace structures to become a major supplier to original equipment manufacturers (OEMs).
Rising adoption of EVs
The number of EVs in Dubai reached 25,929 in December 2023 from 15,100 in 2022. Further, Dubai’s aim to have half of the city’s cars transition to EVs by 2050, will boost the demand for EV charging infrastructure and grid.
UAE Copper Rod and Busbar Market Trends
The UAE is expanding its electric distribution and transmission network to connect renewable energy and non-conventional fuel-based plants with the transmission grid. Dubai’s total length of transmission and distribution electricity lines reached 42,586.71 kilometres in 2022 from 41,930 kilometres at the end of 2021.
Copper busbars are widely deployed in air conditioning and refrigeration systems. Copper products have impressive strength, resistance to corrosion and high efficiency. HVAC products are crucial in the UAE to ensure a comfortable and healthy indoor environments in the residential, industrial, and commercial sector. The UAE’s large-scale construction projects, ranging from skyscrapers to infrastructural projects aid the demand for HVAC systems and consequently copper products.
Market Segmentation
“UAE Copper Rod and Busbar Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Copper Rod
- Breakup by Shape Type
- Flat
- Round
- Others
- Breakup by Grade
- C10100
- C10200
- C11000
- Others
- Breakup by Shape Type
- Copper Busbar
- Breakup by Shape Type
- Round
- Rectangle
- Others
- Breakup by Power Rating
- Low
- Medium
- High
- Breakup by Shape Type
Market Breakup by End Use
- Construction
- Industrial Equipment
- Transport and Non-Industrial
Market Breakup by Sales Channel
- Direct
- Distributor
Market Breakup by Region
- Abu Dhabi
- Dubai
- Sharjah
- Others
Based on type, copper rods account for a significant share of the UAE copper rod and busbar market
Dubai is home to automotive producers, including W Motors and Jannarelly Automotive, aiding the demand for copper rods for automotive electrical systems.
Common engineering applications for copper round bars include electrical components, transformers, architectural structures, and building components. Copper is an impressive conductor of heat and electricity. As a result, copper rods can save energy bills for homeowners while increasing the general effectiveness of plumbing and electrical systems.
Solid copper busbars for EVs are processed by stamping, CNC bending, finish treatment, and insulation. The finish can be bare copper, nickel plating, tin plating, and silver plating. The insulation can be PVC, epoxy powder coating, and PE heat shrink tube. They are widely used in energy storage systems, charging piles, electric forklift, and electric car battery pack. The efficiency of electric and hybrid vehicles can be improved by utilising copper busbars, which aids the UAE copper rod and busbar market development.
Based on end use, the construction sector dominates the UAE copper rod and busbar market share, significantly contributing to the overall market revenue
Abu Dhabi’s construction sector expanded by 13.1% in 2023 over 2022, aiding the demand for copper products. A total of 122,658 real estate units comprising residential and commercial units were sold in 2022 in Dubai, an increase of 47% from 2021.
Further, the UAE's prime location along major trade routes, namely the Persian Gulf and the Gulf of Oman has fueled massive growth in its maritime and shipbuilding sectors. Copper busbar are widely deployed in marine power distribution due to its reliable quality, cost-effectives, and resistance to mechanical damage and corrosion.
Competitive Landscape
The manufacturers are engaged in providing high-quality products and introducing the latest capabilities to innovate their products and meet the growing demands of consumers.
Dubai Cable Company (Private) Limited
Founded in 1978, Ducab specializes in copper and aluminum wire production, with a focus on renewable energy.
Aeris Stream Copper Manufacturing LLC
Founded in 2021, Aeris Stream Copper Manufacturing LLC specializes in the production of copper rods and wires. ASCM has successful partnerships with global firms in countries like Russia, China, South Korea, Poland, and Turkey, and is now expanding its presence into the GCC region.
Emirates National Copper Factory LLC
Founded in 2012, Emirates National Copper factory is an export-oriented Company and the only copper busbar manufacturing facility in the UAE.
Union Copper Rod LLC
Headquartered in the UAE, UCR utilises advanced southwire continuous rod casting technology for manufacturing premium copper rods.
Other notable players operating in the UAE copper rod and busbar market are Fujairah Gold FZC, and Bahra Advanced Cable Manufacture Co. Ltd., among others.
UAE Copper Rod and Busbar Market Analysis by Region
The net production value of Abu Dhabi’s transportation sector is USD 800 million. Abu Dhabi also contributes 21.1% to UAE’s transportation equipment production. Abu Dhabi’s transportation sector manufactures transportation equipment, motor vehicles, ships and boats, and railroad rolling stock.
Further, the growth in tourism aids the growth of the construction and hospitality sectors, which increases the demand for copper products for wiring, air conditioning, and refrigeration. In 2023, Dubai recorded 17.15 million international tourists, a 19.4% increase over 2022.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Sales Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Middle East Copper Rod and Busbar Market Overview
8.1 Key Industry Highlights
8.2 Middle East Copper Rod and Busbar Historical Market (2018-2023)
8.3 Middle East Copper Rod and Busbar Market Forecast (2024-2032)
8.4 Middle East Copper Rod and Busbar Market by Country
8.4.1 Saudi Arabia
8.4.2 UAE
8.4.3 Iran
8.4.4 Kuwait
8.4.5 Qatar
8.4.6 Oman
8.4.7 Bahrain
9 UAE Copper Rod and Busbar Market Overview
9.1 Key Industry Highlights
9.2 UAE Copper Rod and Busbar Historical Market (2018-2023)
9.3 UAE Copper Rod and Busbar Market Forecast (2024-2032)
10 UAE Copper Rod and Busbar Market by Type
10.1 Copper Rod
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Price Treads (2018 -2032)
10.1.4 Market by Shape Type
10.1.4.1 Flat
10.1.4.1.1 Historical Trend (2018-2023)
10.1.4.1.2 Forecast Trend (2024-2032)
10.1.4.1.3 Price Trends (2018-2032)
10.1.4.2 Round
10.1.4.2.1 Historical Trend (2018-2023)
10.1.4.2.2 Forecast Trend (2024-2032)
10.1.4.2.3 Price Trends (2018-2032)
10.1.4.3 Others
10.1.5 Market by Grade
10.1.5.1 C10100
10.1.5.1.1 Historical Trend (2018-2023)
10.1.5.1.2 Forecast Trend (2024-2032)
10.1.5.1.3 Price Trends (2018-2032)
10.1.5.2 C10200
10.1.5.2.1 Historical Trend (2018-2023)
10.1.5.2.2 Forecast Trend (2024-2032)
10.1.5.2.3 Price Trends (2018-2032)
10.1.5.3 C11000
10.1.5.3.1 Historical Trend (2018-2023)
10.1.5.3.2 Forecast Trend (2024-2032)
10.1.5.3.3 Price Trends (2018-2032)
10.1.5.4 Others
10.2 Copper Busbar
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Price Treads (2018 -2032)
10.2.4 Market by Shape Type
10.2.4.1 Round
10.2.4.1.1 Historical Trend (2018-2023)
10.2.4.1.2 Forecast Trend (2024-2032)
10.2.4.1.3 Price Trends (2018-2032)
10.2.4.2 Rectangle
10.2.4.2.1 Historical Trend (2018-2023)
10.2.4.2.2 Forecast Trend (2024-2032)
10.2.4.2.3 Price Trends (2018-2032)
10.2.4.3 Others
10.2.5 Market by Power Rating
10.2.5.1 Low
10.2.5.1.1 Historical Trend (2018-2023)
10.2.5.1.2 Forecast Trend (2024-2032)
10.2.5.1.3 Price Trends (2018-2032)
10.2.5.2 Medium
10.2.5.2.1 Historical Trend (2018-2023)
10.2.5.2.2 Forecast Trend (2024-2032)
10.2.5.2.3 Price Trends (2018-2032)
10.2.5.3 High
10.2.5.3.1 Historical Trend (2018-2023)
10.2.5.3.2 Forecast Trends (2024-2032)
10.2.5.3.3 Price Trends (2018-2032)
11 UAE Copper Rod and Busbar Market by End Use
11.1 Construction
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Industrial Equipment
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Transport and Non-Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 UAE Copper Rod and Busbar Market by Sales Channel
12.1 Direct
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Distributor
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 UAE Copper Rod and Busbar Market by Region
13.1 Abu Dhabi
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Dubai
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Sharjah
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Raw Material Analysis
15.1 UAE Rod and Busbar Market by Raw Materials Type
15.1.1 Copper Cathode
15.1.1.1 Historical Trend (2018-2023)
15.1.1.2 Forecast Trend (2024-2032)
15.1.1.3 Price Trends (2018-2032)
15.1.2 Copper Scrap
15.1.2.1 Historical Trend (2018-2023)
15.1.2.2 Forecast Trend (2024-2032)
15.1.2.3 Price Trends (2018-2032)
15.2 List of Major Raw Material Suppliers in UAE
15.3 List of Major Raw Material Importers Countries
15.3.1 By Value
15.3.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Market Share of Key Players
16.3 Key Manufacturing Technologies Adopted by Market Players
16.4 Company Profiles
16.4.1 Dubai Cable Company (Private) Limited
16.4.1.1 Company Overview
16.4.1.2 Product Portfolio
16.4.1.3 Demographic Reach and Achievements
16.4.1.4 Certifications
16.4.2 Aeris Stream Copper Manufacturing LLC
16.4.2.1 Company Overview
16.4.2.2 Product Portfolio
16.4.2.3 Demographic Reach and Achievements
16.4.2.4 Certifications
16.4.3 Emirates National Copper Factory LLC
16.4.3.1 Company Overview
16.4.3.2 Product Portfolio
16.4.3.3 Demographic Reach and Achievements
16.4.3.4 Certifications
16.4.4 Union Copper Rod LLC
16.4.4.1 Company Overview
16.4.4.2 Product Portfolio
16.4.4.3 Demographic Reach and Achievements
16.4.4.4 Certifications
16.4.5 Fujairah Gold FZC
16.4.5.1 Company Overview
16.4.5.2 Product Portfolio
16.4.5.3 Demographic Reach and Achievements
16.4.5.4 Certifications
16.4.6 Bahra Advanced Cable Manufacture Co. Ltd.
16.4.6.1 Company Overview
16.4.6.2 Product Portfolio
16.4.6.3 Demographic Reach and Achievements
16.4.6.4 Certifications
16.4.7 Others
17 Key Customers of Copper Rods and Busbar in UAE
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Middle East Copper Rod and Busbar Market: Key Industry Highlights, 2018 and 2032
2. UAE Copper Rod and Busbar Market: (USD Million), 2018 and 2032
3. UAE Copper Rod and Busbar Market:(KMT), 2018 and 2032
4. UAE Copper Rod and Busbar Historical Market: Breakup by Type (USD Million), 2018-2023
5. UAE Copper Rod and Busbar Market Forecast: Breakup by Type (USD Million), 2024-2032
6. UAE Copper Rod and Busbar Historical Market: Breakup by Type (KMT), 2018-2023
7. UAE Copper Rod and Busbar Market Forecast: Breakup by Type (KMT), 2024-2032
8. UAE Copper Rod Historical Market: Breakup by Shape Type (USD Million), 2018-2023
9. UAE Copper Rod Market Forecast: Breakup by Shape Type (USD Million), 2024-2032
10. UAE Copper Rod Historical Market: Breakup by Shape Type (KMT), 2018-2023
11. UAE Copper Rod Market Forecast: Breakup by Shape Type ((KMT), 2024-2032
12. UAE Copper Rod Historical Market: Breakup by Grade (USD Million), 2018-2023
13. UAE Copper Rod Market Forecast: Breakup by Grade (USD Million), 2024-2032
14. UAE Copper Rod Historical Market: Breakup by Grade (KMT), 2018-2023
15. UAE Copper Rod Market Forecast: Breakup by Grade (KMT), 2024-2032
16. UAE Copper Busbar Historical Market: Breakup by Shape Type (USD Million), 2018-2023
17. UAE Copper Busbar Market Forecast: Breakup by Shape Type (USD Million), 2024-2032
18. UAE Copper Busbar Historical Market: Breakup by Shape Type (KMT), 2018-2023
19. UAE Copper Busbar Market Forecast: Breakup by Shape Type ((KMT), 2024-2032
20. UAE Copper Busbar Historical Market: Breakup by Powe Rating (USD Million), 2018-2023
21. UAE Copper Busbar Market Forecast: Breakup by Powe Rating (USD Million), 2024-2032
22. UAE Copper Busbar Historical Market: Breakup by Powe Rating (KMT), 2018-2023
23. UAE Copper Busbar Market Forecast: Breakup by Powe Rating (KMT), 2024-2032
24. UAE Copper Rod and Busbar Historical Market: Breakup by Sales Channel (USD Million), 2018-2023
25. UAE Copper Rod and Busbar Market Forecast: Breakup by Sales Channel (USD Million), 2024-2032
26. UAE Copper Rod and Busbar Historical Market: Breakup by Sales Channel (KMT), 2018-2023
27. UAE Copper Rod and Busbar Market Forecast: Breakup by Sales Channel (KMT), 2024-2032
28. UAE Copper Rod and Busbar Historical Market: Breakup by End Use (USD Million), 2018-2023
29. UAE Copper Rod and Busbar Market Forecast: Breakup by End Use (USD Million), 2024-2032
30. UAE Copper Rod and Busbar Historical Market: Breakup by End Use (KMT), 2018-2023
31. UAE Copper Rod and Busbar Market Forecast: Breakup by End Use (KMT), 2024-2032
32. Copper Rod and Busbar Historical Price Trends (2018-2023) and Forecast (2024-2032) by Type
33. Copper Rod Historical Price Trends (2018-2023) and Forecast (2024-2032) by Shape
34. Copper Rod Historical Price Trends (2018-2023) and Forecast (2024-2032) by Grade
35. Copper Busbar Historical Price Trends (2018-2023) and Forecast (2024-2032) by Shape
36. Copper Busbar Historical Price Trends (2018-2023) and Forecast (2024-2032) by Power Rating
37. UAE Copper Cathode Market: (USD Million), 2018 and 2032
38. UAE Copper Cathode Market: (KMT), 2018 and 2032
39. UAE Copper Scrab Market:(USD Million), 2018 and 2032
40. UAE Copper Scrab Market:(KMT), 2018 and 2032
41. Major Importing Countries by Value
42. Major Importing Countries by Volume
43. UAE Copper Rod and Busbar Market Structure
Key Questions Answered in the Report
The market reached a value of USD 831.26 million in 2023.
The market is further estimated to grow at a CAGR of 7.3% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 1,556.18 million.
The factors driving the market include the increasing adoption of EVs, growing inclination towards renewable energy, and the establishment of UAE as a hub for for aerospace manufacturing and MRO.
The major end uses include construction, industrial equipment, transport, and non-industrial.
Direct and distributors are the two major sales channels in the market.
The key regional markets for copper rod and busbar are Abu Dhabi, Dubai, and Sharjah.
The key players in the market include Dubai Cable Company (Private) Limited, Aeris Stream Copper Manufacturing LLC, Emirates National Copper Factory LLC, Union Copper Rod LLC, Fujairah Gold FZC, and Bahra Advanced Cable Manufacture Co. Ltd., among others.
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