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Control Cable Market Analysis

  • Report ID: GMI7460
  • Published Date: Nov 2023
  • Report Format: PDF

Control Cable Market Analysis

The CY cable is expected to grow with a CAGR of more than 7.1% through 2032. As industries increasingly demand specialised cables to meet specific requirements, CY, YY and SY cables cater to different needs within the broader control cable business. The demand for reliable flexible and EMC compliant cables has given the adoption of this cables in diverse sectors. As industries increasingly adopt sophisticated automation technologies and digital communication systems, the demand for reliable and secure control cables like CY Cables is likely to rise. The emphasis on data integrity and uninterrupted signal transmission in automated processes further accentuates the importance of CY Cables.

Based on voltage range, the proliferation of automation technologies and the Internet of Things (IoT) has led to an increased need for low voltage control cables stop these cables are essential for connecting and powering sensors actuators and other low power devices in smart homes, industrial automation and IoT applications. As technology advances, there is an increasing demand for sophisticated control systems in various industries, such as automation, telecommunications, and electronics, that operate on lower voltage levels. Additionally, the growing emphasis on energy efficiency and the use of renewable energy sources often involves the implementation of low-voltage control systems.

Control Cable Market Revenue Share, By Application, 2022

The conveyor systems application captured around 12% of the control cable market share in 2022, due to its widespread application across various industries. As an integral component of material handling systems, control cables play a crucial role in ensuring the seamless operation and efficiency of conveyor systems. These systems are extensively utilized in manufacturing, logistics, and mining, facilitating the automated movement of goods and materials. The demand for conveyor systems continues to rise as industries increasingly adopt automation for enhanced productivity and cost-effectiveness. Consequently, the reliance on control cables within conveyor systems amplifies their significance in driving the overall market growth.

 Europe Control Cable Market Size, 2021 - 2032, (USD Billion)

Europe control cable market size crossed 3.4 billion in 2022. Flourishing sectors along with increasing investments toward the development of automation sector will energize the business dynamics. Europe can potentially boost demand for control cables in future through increased infrastructure development, industrial automation, and the growing demand for smart technologies. Europe has been making significant investments in renewable energy sources such as wind and solar power. The expansion of these energy sectors requires extensive control systems, leading to an increased demand for control cables to connect and regulate various components in these systems.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of control cable was exceeded USD 19.2 billion in 2022 and is estimated to witness 8.4% CAGR from 2023 to 2032, due to the increasing investments in the automation sector.

Demand for CY control cables is expected to witness more than 7.1%. CAGR up to 2032, owing to the rising need to cater to different needs of reliable flexible and EMC compliant cables.

Europe control cable market size reached over 3.4 billion in 2022, owing to the increasing infrastructure development, industrial automation, and the growing demand for smart technologies.

Some of the leading control cable companies are ABB, Belden Inc., FURUKAWA ELECTRIC CO. LTD., KEI Industries Limited, LS Cable & System Ltd., Nexans, Prysmian S.P.A, Havells, TE Connectivity, and Birla Cable Limited, among others.

Control Cable Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 852
  • Countries covered: 24
  • Pages: 350
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