According to a market report by Lucintel, the future of the global instrumentation cable market looks promising with opportunities in the oil & gas, IT & telecommunication, power, and transmission markets. The global instrumentation cable market is expected to reach an estimated $0.86 billion by 2030 with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are growing adoption of industrial automation, increase in demand for telecommunication networks and rising inclination towards generating energy from renewable sources, such as wind, solar, and OTEC.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in instrumentation cable market to 2030 by product type (PLTC cable, thermocouple cable, polyvinyl chloride cable, and others), end use (oil & gas, IT & telecommunication, power transmission, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, PLTC cable, thermocouple cable, and polyvinyl chloride cable are the major segments of instrumentation cable market by product type. Lucintel forecasts that polyvinyl chloride cable is expected to witness the highest growth over the forecast period due to its highly versatile, high tensile strength, flexible and good conductors properties.
Within this market, IT & telecommunication will remain the largest segment due to increasing demand for high-speed data across global communication networks.
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APAC is expected to witness highest growth over the forecast period due to increasing urbanization and rising government initiatives in electric generation from cleaner energy sources.
Belden, General Cable Technologies, Nexans, Orient Cable, Eland Cables, Teldor Cables & Systems, and Texan & Thermo Cables are the major suppliers in the instrumentation cable market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]