Global Instrumentaion Cables Market Size, Trends, Share & Industry Analysis, Demand & Growth Opportunity, Regional Outlook, And Forecast 2017-2025 By Prodyct Type, By End-Users, And By Geography

Global Instrumentation Cables Market 

Market Overview

Instrumentation cables are majorly used for conveying low-energy electrical signals for monitoring and controlling electrical systems and sensors. These cables are manufactured according to the different industries need with varied thermal and physical properties that are designed to stand harsh conditions like flames or explosions. Emergence of microprocessor based/computerized instrumentation has significantly necessitated stringent quality requirements along with special electrical parameters for instrumentation cables which augment the technological innovation in instrumentation cables and boosted the market growth in parallel with emergence of internet of things (IoT).

Goldstein Research analyst forecast the global instrumentation cables market to expand at a CAGR of 4.6% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 1.8 Billion by 2025 owing rising automation and remote monitoring systems in power plants, steel casting industry, oil refineries and marine industry.

Covered in This Global Instrumentation Cables Market Report

The report covers the present ground scenario and the future growth prospects of instrumentation cables market for 2017-2025 along with the total revenue of instrumentation cables industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, region, and regional and country level. The revenue forecast is given on the basis of number of instrumentation cables manufacturers and current growth rate of the market.

Instrumentation Cables Market - Global Size Segmentation

By Product Type

• Type 1 (Unarmored Cables)
• Type 2 (Armored Cables)
• Type 3 (Lead Sheath Armored Cables)

By End Users

• Automotive Industry
• Mining Industry
• Oil and Gas Sector
• Power Generation
• Industrial Sector
• Telecommunication Industry

By Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

Based on end users, industry sector accounted for the lion market share of more than 30% of global instrumentation cable market in 2017. Further, industrial sector is expected to be the fastest growing end use industry at a CAGR of 6.4% during the forecast period owing to emergence of advance technologies such industrial internet of things (IIoT) which has significantly augmented the need for monitoring and controlling electrical power system

Instrumentation Cables Industry - Trends, Drivers, & Challenges

Global Instrumentation Cables Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global instrumentation cables market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global instrumentation cables market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Instrumentation Cables market report comprises of the following companies as the key players in the global instrumentation cables market: Southwire Company, TE Connectivity, TELDOR Cables & Systems, Olympic Wire & Cable, RPG CABLES, RS Components, Belden, General Cable, Nexans, Prysmian Group and ALLIED WIRE & CABLE.

According to our global instrumentation cables market study on the basis of extensive primary and secondary research, one major trend in the market is increased power generation from renewable resources such wind and solar energy which has significantly augment the demand for remote monitoring devices to monitor the remotely located machines and equipment. Exponential growth of renewable energy production projects will augment the demand for instrumentation cables over the forecast period.

According to the report, major driver in global instrumentation cables market is growing adoption of the advance monitoring systems and the usage of IoT has been a major factor driving the global instrumentation cables market growth. In addition, the rising opportunities in oil & gas industries and the expansion of smart cities and infrastructure have led to the enlarged demand for instrumentation cables.

Further, the report states that one challenge in global instrumentation cables market is erosion in margins and pricing pressure over the manufactures due to volatility in price of raw materials such as copper.

Geographically, Asia Pacific region is anticipated to be the largest market for instrumentation cables as the region is witnessing rapid urbanization and industrialization. Also Asia Pacific region is aggressively pursuing new electricity generation projects in countries such as China, South Korea, and India, which will significantly boost the market growth in the region. Further, Asia Pacific is also expected to be the fastest growing market at a CAGR of +7% over the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this global instrumentation cables market report

• What is the total market size by 2025 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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