Multi Core Armored Cable Market - By Armor Type (Interlocked, Continuously Corrugated Welded), By End User (Oil & Gas, Manufacturing, Mining, Construction) & Forecast, 2024 - 2032

Multi Core Armored Cable Market Size

Multi Core Armored Cable Market size in 2023 was valued at USD 32.9 billion and is anticipated to grow at a CAGR of 8.1% up to 2032. It is experiencing robust growth driven by several factors. The increasing demand for reliable and high-speed data transmission in industries such as telecommunications, oil and gas, and construction is fuelling the adoption of multi core armored cables, which offer enhanced protection against environmental hazards and physical damage. The proliferation of smart devices and IoT technologies necessitates a strong infrastructure backbone, further driving the demand for robust cabling solutions.
 

Additionally, rapid urbanization and infrastructure development projects in emerging economies will create substantial opportunities for market growth. Moreover, advancements in cable design and manufacturing technologies will improve the performance and durability of multi-core multi core armored cables, attracting more consumers. Stringent regulations regarding safety standards and the need for secure communication networks will significantly contribute to market expansion as industries seek reliable and resilient cable solutions. The growing emphasis on infrastructure development globally is driving the uptake of armored cables due to their exceptional qualities. For instance, in August 2023, SubCo. It aims to deliver over 300Tbps per segment, achieving a rate of 15Tb/kW.
 

Multi Core Armored Cable Market Trends

In the multi core armored cable industry, several trends are emerging. There's a growing demand for cables with higher data transmission capacity to support the expansion of telecommunications networks and the adoption of advanced technologies like 5G. Additionally, there's an increasing focus on durability and reliability, leading to the development of cables with enhanced armor and insulation materials to withstand harsh environmental conditions.
 

Multi Core Armored Cable Market Analysis

Based on armor type, the market is segmented into interlocked and continuous corrugate welded. Amongst them, the interlocked segment is anticipated to exceed USD 36.5 billion by 2032 due to its enhanced flexibility, ease of installation, and resistance to external damage. As industries increasingly prioritize efficient and durable cable solutions, the interlocked segment offers superior performance, driving its adoption in various applications.]

Based on end user, the multi core armored cable market is segmented into oil & gas, manufacturing, mining, construction, and others. Amongst them, oil & gas is anticipated to cross CAGR of 8.1% by 2032 owing to the sector's extensive infrastructure requirements and stringent safety regulations. As oil and gas operations demand reliable and durable cabling solutions to withstand harsh environments, this segment will remain robust.
 

Asia Pacific multi core armored cable market is anticipated to surpass USD 25.6 billion by 2032 since Asia Pacific is crucial in the market due to rapid industrialization, urbanization, and infrastructure development across the region. In China, the multi-core armored cable market is booming due to rapid urbanization and infrastructure development, driven by robust manufacturing and construction sectors. Whereas in India, this market is expanding with increasing investments in power transmission and distribution networks, spurred by government initiatives like Make in India and Smart Cities Mission.
 

Similarly, in Japan, demand for these cables is rising in tandem with advancements in renewable energy infrastructure and urban redevelopment projects, emphasizing reliability and efficiency.
 

In South Korea, this multi core armored cable market is experiencing growth fueled by the country's focus on smart grid technologies and expansion of high-speed internet networks, boosting demand from telecommunications and energy sectors. In Australia, this market for multi-core armored cables is growing steadily, supported by investments in mining, renewable energy, and telecommunications infrastructure, driven by the need for reliable and resilient cabling solutions across diverse terrains.
 

The multi-core armored cable market in the U.S. is expanding due to increasing infrastructure development, particularly in construction and telecommunications sectors. With growing demand for reliable and secure transmission of power and data, this market witnesses heightened adoption of these cables for their durability and protection against external elements.
 

Multi Core Armored Cable Market Share

Prysmian, Belden, and Nexans lead the multi core armored cable industry due to their wealth of experience and proficiency in crafting top-notch cables, ensuring reliability and longevity while meeting industry benchmarks. These firms prioritize investment in cutting-edge technologies to streamline production, enabling them to provide competitive pricing. Furthermore, their robust distribution networks and extensive global reach bolster accessibility, consolidating their position in the multi core armored cable industry.
 

Multi Core Armored Cable Market Companies

• ABB
• Belden
• General Cables
• Havells
• Hallukabel
• Leoni Cables
• Nexans
• NKT A/S
• Omni Cables
• Prysmian S.P.A
• Polycab
• Riyadh Cables
• RR Kabel
• Sumitomo Electric Industries, Ltd.
   

Multi Core Armored Cable Industry News

• In September 2021, Nexans achieved a significant milestone by acquiring Centelsa, a leading cable manufacturer in Latin America. This strategic move marked a significant step forward for Nexans in bolstering its position in electrification and broadening its presence in the Latin American market.
   
• In October 2022, NKT A/S launched operations at a cutting-edge high-voltage cable production tower in Europe. This modern facility represents the company's debut in high-voltage cable manufacturing, emphasizing a strategic commitment to business expansion and significant investments in the sector.
   

Multi core armored cable market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Tonnes” & “USD Million” from 2019 to 2032, for the following segments:

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Market, By Armor Type, 2021 – 2032 (‘000 Tonnes, USD Million)

• Interlocked
• Continuously Corrugated Welded

Market, By End User, 2021 – 2032 (‘000 Tonnes, USD Million)

• Oil & Gas
• Manufacturing
• Mining
• Construction
• Others

The above information has been provided for the following countries across the regions:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Netherlands
  • Italy
  • Spain
  • Germany
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina
  • Peru