Press Release

Asia Pacific to Dominate Instrumentation Cable Market Through 2025

Rising need to improve accuracy and speed of business processes to boost the growth of the global Instrumentation cable market through 2025

According to TechSci Research report, Global Instrumentation Cable Market By Type, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025, the global instrumentation cable market is expected to grow at robust CAGR during the forecast period on the back of increasing automation and remote monitoring systems in end use industries. Major drivers for the growth of the instrumentation cable market include technological advancements such as internet of things (IoT) and growing utilization of advanced monitoring systems. Since, IoT and monitoring systems require instrumentation cable for low-energy signal transfer, boosting the instrumentation cable market, globally.

Additionally, development of microprocessor based computerized instruments, therefore, strict quality requirements are in place to ensure that instrumentation cables meet the necessitated quality for the optimum transfer of signals, which is anticipated to strengthen the demand for instrumentation cables over the next five years.  

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Instrumentation cable market, globally, can be segmented based on type, application, end user, company and region. In terms of end user, market can be segregated into IT & telecom, automotive, oil & gas, power, among others. IT & Telecom and power are the leading segments in the instrumentation cable market due to advent of Industrial Internet of Things (IIoT) and surging need for monitoring and controlling electrical power systems.

Instrumentation cables find application in various end use industries such as automotive, power, oil & gas, IT & telecom, among others. IT & telecom and power sectors have witnessed significant demand for these cables in the recent years on account of their application in monitoring or controlling electric power systems. Advent of IoT and IIoT and its adoption in industries for gathering information is expected to further spur the adoption of instrumentation cables through 2025.  

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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 are the leading players operating in global instrumentation cable market.

“Asia-Pacific dominated the global market for instrumentation cables in 2019 and the trend is expected to continue during the forecast years as well. This is due to rapid urbanization and industrialization in economies such as China, India, South Korea among others in the region. Additionally, these countries plan to start new electricity projects in the next five years, which is anticipated to positively influence the growth of the instrumentation cable market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Instrumentation Cable Market By Type, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global instrumentation cable market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global instrumentation cable market.

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