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Asia Pacific Instrumentation Cable Market Trends

Report ID: GMI8786
Published Date: Apr 2024
Report Format: PDF

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Asia Pacific Instrumentation Cable Market Trends

The expansion of energy infrastructure across the region, including the development of power plants and transmission networks, is driving the demand for instrumentation cables to ensure efficient monitoring and control systems. The growth in oil and gas exploration and production activities in countries like China, India, and Indonesia is fuelling the need for robust instrumentation cables for reliable data transmission and monitoring in harsh environments.

Moreover, the rising demand for process control across various industries including manufacturing, chemical, and pharmaceutical is increasing the requirement for high-quality instrumentation cables to facilitate precise measurement and control of industrial processes. These factors collectively contribute to the growing market for instrumentation cables in the Asia Pacific region.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size for instrumentation cable in Asia Pacific reached USD 3 billion in 2023 and is set to witness 8.5% CAGR till 2032, backed by expanding industrialization, infrastructure development, and technological advancements.

The oil & gas segment is poised to grow with over 8.5% CAGR till 2032, owing to rising demand for energy resources.

China instrumentation cable industry is expected to cross USD 2.1 billion by 2032, driven by rapid industrialization and urbanization, pushing the demand for infrastructure projects and industrial automation.

ABB, Anixter, Allied Wire and Cable, Belden Inc., Elseweddy Electric, Furukawa Electric Co. Ltd., Fujikura Ltd., Hellenic Group, Helukabel GmbH, Kabelwerk Eupen AG., Leoni Ag, LS Cable & Systems, Lapp Group, NKT A/S, Nexans, Prysmian S.P.A and Polycab.