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Control Cable Market Trends

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

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Control Cable Market Trends

Growing emphasis on automation and so, energy efficient cable solutions will positively impact the business landscape. Control cables have gained popularity in the last decade across various fields due to their reliability, versatility, and efficiency in transmitting signals and controlling mechanisms. Industries such as automation robotics, telecommunications and automotive have increasingly adopted control cables to facilitate precise and responsive control systems. The rise of industry 4.0, there was a growing demand for control cables in various industries to support automation processes. Ongoing technological advancements, such as internet of things and smart devices influenced the design and requirements of control cables.

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.