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Armored Cable Market Trends

Report ID: GMI8908
Published Date: Apr 2024
Report Format: PDF

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Armored Cable Market Trends

The market is witnessing several notable trends in sectors including construction, oil and gas, and manufacturing, driven by increasing infrastructure development globally. Technological advancements will lead to the development of durable and efficient armored cables capable of withstanding harsh environments and offering better protection against physical damage and electrical interference. Sustainability concerns will also drive the adoption of eco-friendly materials in armored cable manufacturing processes.

Additionally, the integration of advanced features like fire resistance, moisture resistance, and enhanced flexibility is gaining prominence. The market will witness a shift towards custom-designed armored cables to meet specific industry requirements, enhancing safety and reliability in various applications. These trends will reshape the market towards innovation, sustainability, and customization to meet evolving industry demands in coming years.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Armored cable market size reached USD 43 billion in 2023 and is set to grow at 8.1% CAGR till 2032, driven by rapid urbanization and industrialization.

Interlocked cable from armor type segment will exceed USD 48.5 billion by 2032, owing to their enhanced flexibility and durability.

Asia Pacific armored cable market held a decent market share in 2023 and is set to surpass USD 33.5 billion by 2032, owing to rapidly developing economies with extensive infrastructure projects, and construction.

Anixter International, AT&T, Atkore International, Belden Inc., Furukawa Electric Co. Ltd., Finolex, HELUKABEL, Havells, KEI Industries Limited among others.