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Europe Instrumentation Cable Market Trends

Report ID: GMI8680
Published Date: Mar 2024
Report Format: PDF

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Europe Instrumentation Cable Market Trends

Ongoing expansion of energy infrastructure and increased oil & gas exploration and production activities will boost the market growth. Expansion projects including new power plants, refineries, and pipelines require extensive instrumentation for monitoring, data transmission, and control purposes, which will stimulate the product demand. Moreover, growing demand for energy along with expansion of related infrastructure will directly contribute to the product penetration.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

European market for instrumentation cable was reached USD 1.3 billion in 2023 is estimated to grow at a CAGR of 7.4% through 2032, driven by growing emphasis on digitalization and automation across industries.

Europe instrumentation cable market from the process automation segment is will showcase 7.4% CGAR through 2-32, on account of the significant reliance on sophisticated monitoring & control systems for safe and efficient operations.

The U.K. instrumentation cable market is anticipated to surpass USD 1 billion by 2032 owing to robust industrial infrastructure, particularly in sectors including manufacturing, and energy.

ABB, Belden Inc., CommScope, Elseweddy Electric, Furukawa Electric Co. Ltd., Fujikura Ltd., Helukabel GmbH, Hellenic Group, Kabelwerk Eupen AG., Leoni Ag, Lapp Group, LS Cable & Systems and NKT A/S.