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ITC Instrumentation Cable Market Trends

  • Report ID: GMI8801
  • Published Date: Apr 2024
  • Report Format: PDF

ITC Instrumentation Cable Market Trends

Expansion of energy infrastructure is a significant driver for the ITC instrumentation cable industry, as new projects require durable cabling for monitoring and control systems. With increased activities in oil and gas exploration and production, there's a growing demand for reliable instrumentation cables to facilitate data transmission and control in challenging environments. Moreover, the increasing emphasis on process control across diverse sectors such as manufacturing and automation is boosting the requirement for high-quality cables to ensure efficient and precise data transmission.
 

Market players are actively enhancing the functionalities of automation control systems to serve various industries like transportation, oil & gas, process automation, and chemical sectors. These factors collectively propel the demand for the ITC instrumentation cable, meeting the evolving demands of modern industries.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of ITC instrumentation cable was reached USD 7.7 billion in 2023 and is estimated to grow at 8% CAGR till 2032, owing to its exceptional quality and dependable performance.

ITC instrumentation cable market from the copper material segment held a decent revenue in 2023 and is poised reach USD 12.8 billion by 2032, owing to advancements in materials technology.

Asia Pacific ITC instrumentation cable market is set to exceed USD 5.5 billion by 2032, driven by rapid industrialization and urban development.

ABB, Anixte, Allied Wire and Cable, Belden Inc., Bahra Electric, CommCsope, Elseweddy

ITC Instrumentation Cable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 387
  • Countries covered: 24
  • Pages: 350
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