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Global instrumentation cable market size is predicted to grow at a double-digit CAGR during the forecast period on account of growing demand for transferring power or signal to instruments and machines. Generally, instrumentation cables are used for the transmission of electrical power over the assembly of conductors or for transmitting low voltage RF signals. On account of above-mentioned usages of instrumentation cable, they are ideal conductors for energizing relays, cables, control system, or for providing communication services in manufacturing plants.
Growing inclination for generating energy from renewable sources such as wind or solar energy is also fuelling the demand for instrumentation cable market as remote monitoring devices used in the generation of electricity require instrumentation cable. Emergence of Internet of Things (IoT) which requires these cables for transmitting signals is expected to boost the demand for instrumentation cable over the coming years.
These cables are also used in industrial projects for connecting electrical instrument circuits or for providing communication services. However, fluctuating prices of raw materials, i.e., copper can hamper the growth of the market.
Based on geography, Asia-Pacific is expected to hold its dominance in the global market for instrumentation cables during the forecast period due to growing population urbanization. Moreover, supportive initiatives by the government for generation electricity from renewable sources is pushing the demand for instrumentation cables in countries such as China, India, etc.
Major companies operating in the global instrumentation cable market include Southwire Company, LLC, TE Connectivity Limited, TELDOR Cables & Systems Ltd., Olympic Wire & Cable Corp., RPG Cables Ltd., Belden Incorporated, General Cable Technologies Corporation, Prysmian S.P.A., Nexans S.A., Orient Cables (India) Pvt. Ltd., among others.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze and forecast the market size of global instrumentation cable market.
- To forecast global instrumentation cable market based on type, application, end user and regional distribution.
- To identify drivers and challenges for global instrumentation cable market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global instrumentation cable market.
- To identify and analyze the profile of leading players operating in the global instrumentation cable market.
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of instrumentation cable manufacturers across the region. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the suppliers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, suppliers, distributors and presence of all major players across the region.
The publisher calculated global instrumentation cable market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used.
Key Target Audience:
- Instrumentation cable manufacturers, suppliers and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, industry associations and alliances related to instrumentation cable
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global instrumentation cable market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Instrumentation Cable Market, By Type:
- Unarmored Cable
- Armored Cable
Global Instrumentation Cable Market, By Application:
- Power Transmission
- Telecommunication
Global Instrumentation Cable Market, By End User:
- IT & Telecom
- Automotive
- Oil & Gas
- Power
- Others
Global Instrumentation Cable Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Europe
- France
- Germany
- United Kingdom
- Spain
- Italy
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global instrumentation cable market.
Available Customizations:
With the given market data, the publisher offers customizations according the company’s specific needs.
This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Southwire Company, LLC
- TE Connectivity Ltd
- TELDOR Cables & Systems Ltd
- Olympic Wire & Cable Corp
- RPG Cables Ltd
- Belden Incorporated
- General Cable Technologies Corporation
- Prysmian SPA
- Nexans SA
- Orient Cables (India) Pvt Ltd
