Home > Energy & Power > Wire and Cable > Control Cable > Instrumentation Cable Market

Instrumentation Cable Market Share

Report ID: GMI7959
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Instrumentation Cable Market Share

Prysmian Group holds a significant position within the instrumentation cable industry, acknowledged for its widespread utility across diverse industries. Leveraging a strong legacy entrenched in the oil & gas and process automation sectors, the company has successfully provided instrumentation cable solutions catering to a broad range of applications in commercial, industrial, and utility domains.

In this competitive market landscape, businesses endeavor to distinguish themselves by crafting innovative instrumentation cables boasting advanced features, heightened performance, and adherence to industry standards. The emphasis on delivering high-quality products serves as a strategic approach to foster a positive reputation and stand out in the market.

Instrumentation Cable Market Companies

The major companies are focusing on marketing strategies, technological advancements, brand recognition and economies of scale to meet the competition prevailing in the industry. The key industry market players include:

ABB
Belden Inc.
CommCsope
Elseweddy Electric
Fujikura Ltd.
Furukawa Electric Co. Ltd.
Hellenic Group Instrumentation Cables
Helukabel GmbH Instrumentation Cables
Kabelwerk Eupen AG.
Lapp Group
Leoni AG
LS Cable & Systems
Nexans
NKT A/S
Polycab
Prysmian Group
Shawcor
Sumitomo Corporation
TechniKabel SPA
TFKable

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of instrumentation cable reached USD 7.7 billion in 2023 and is set to record 8.5% CAGR from 2024 to 2032, owing to the surge in industrial automation across diverse sectors, including manufacturing, energy, and healthcare.

The PLTC cable segment is expected to observe more than 8.6% CAGR during 2024 to 2032, due to its versatility and compatibility with a wide range of applications.

Europe market was valued at USD 1.3 billion in 2023, attributed to the flourishing sectors along with increasing investments toward the development of automation sector.

ABB, Belden Inc., CommCsope, Elseweddy Electric, Fujikura Ltd., Furukawa Electric Co. Ltd., Hellenic Group Instrumentation Cables, Helukabel GmbH Instrumentation Cables, Kabelwerk Eupen AG., Lapp Group, Leoni AG, LS Cable & Systems, Nexans, NKT A/S, Polycab, Prysmian Group, Shawcor, Sumitomo Corporation, TechniKabel SPA, and TFKable.