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CY Control Cable Market Trends

Report ID: GMI8764
Published Date: Mar 2024
Report Format: PDF

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CY Control Cable Market Trends

Ongoing technological advancements and the rising advent of automation industry are major drivers fuelling the growth of the CY control cable industry worldwide. As industries increasingly adopt automation technologies to improve efficiency and productivity, the demand for reliable control cable including CY cables, which provide signal transmission and electromagnetic interference protection will soar remarkably.

Technological advancements, including the integration of IoT and Industry 4.0 practices will further propel the need for high-quality control cables. Government initiatives and private companies’ efforts will play a crucial role in stimulating the market on account of ongoing investment in infrastructure development projects including smart cities and industrial automation initiatives.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of CY control cable reached USD 4 billion in 2023 and is set to witness 8.4% CAGR from 2024 to 2032, owing to the rapid industrialization across regions that has led to a rising demand for reliable and efficient control cables worldwide.

The CY PUR segment is expected to exceed USD 2.5 billion by 2032, due to its ability to offer excellent resistance to abrasion, chemicals, and oils that makes it ideal for extreme temperature range.

Asia Pacific market is poised to cross USD 3.5 billion by 2032, attributed to the presence of key manufacturing hubs, favorable government initiatives, and the growing adoption of advanced technologies in the region.

KEI Industries Limited, Leoni Cables, LS Cable & System Ltd., Nexans, NKT A/S, Omni Cables, Polycab, Prysmian S.P.A, Riyadh Cables, RR Kabel, Southwire Company, LLC., Sumitomo Electric Industries, Ltd., and TE Connectivity, are some of the major CY control cable companies worldwide.