Instrumentation Cable Market Size, Share & Industry Analysis, By Product Type (PLTC cable, Thermocouple cable, Polyvinyl Chloride (PVC) Cable, Others), By End-user(Oil and Gas, IT & Telecommunication, Power Transmission, Others) And Regional Forecast, 2024-2032

Instrumentation cables are designed to transmit signals with low energy signatures for monitoring and controlling the electrical system, power transmission, computerized instrumented systems, and other processes from external sources without interruption. Instrumentation cables make the process reliable and performance of monitoring of machinery which is critical in operations of industrial plants and transmission facilities.

Based on the product type, the market is segmented into PLTC cables, thermocouple cable, PVC cable, and others. The Polyvinyl Chloride (PVC) cable is produced by polymerization processes which makes them highly versatile, high tensile strength, flexible and good conductors due to which they have diverse applications in home appliances, wire insulation, circuits wiring applications, power supply solutions, and others. Other than that, PVC cable is the most popular product type among cable manufacturers. Based on these factors, PVC cable is anticipated to dominate the most significant market.

Based on the end-user industry, the market is segmented into oil and gas, information technology and telecommunication, power transmission, and others. The IT and telecommunication segment is anticipated to dominate the market in this segment due to the rising demand for high-speed data across global communication networks. To the need of demanding data communication, voice networks and other solutions have driven to adapt the instrumentation cables.

One of the major drivers for the instrumentation cable market is the growing urbanization and

demand for telecom and technology networks in the developing regions have aroused the need for instrumentation cables.

The major restraints for instrumentation cable are susceptible to tripping hazardous due to over-lapping of cables which creates maintenance issues and operational cost involved in the instrumentation cable system.

Key players covered:

Some of the major companies present in the global instrumentation cable market are Belden Inc., General Cable Technologies Corporation, Multi/cable corporation, Nexans, Orient Cable, Eland Cables, Teldor Cables & Systems Ltd, Texan & Thermo Cables, and Prysmian Group.

Regional analysis:

The instrumentation cable market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific, the growing urbanization, and government initiatives for electric generation from cleaner energy sources have pushed the demand for instrumentation cable in the power transmission segment. Other than that, telecom users across the countries like India, China, and others are increasing owing to the growing population. Based on this factor Asia Pacific holds the maximum shares of the pipeline security market. Followed by Asia Pacific, North America & Europe has seen the demand for oil and gas and is working on the advancement of technologies for instrumentation system to meet the global demand. Latin America instrumentation gear is anticipated to grow in the coming years due to foreign investment in infrastructure and expansion plans for electric network and power grid installation to support electrification transportation across the region. In the Middle East and Africa, the solar projects and expenditure on renewable energy infrastructure, and the replacement of power infrastructure are expected to be significant drivers for the instrumentation cable market.

Segmentation

Key Industry Developments

• On 20 April 2021, Belden has implemented a new part number with Construction Production Regulations (CPR) ratings. The new portfolio will result in lead time as standard part-time with minimum order quantity (MOQ)


• On 22 February 2021, Eland Cable’s delivery fleet has achieved its silver status owing to force extension on quality & compliance, which supports UK-specific sites.