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Oil & Gas Armored Cable Market Size

  • Report ID: GMI9239
  • Published Date: Apr 2024
  • Report Format: PDF

Oil & Gas Armored Cable Market Size

Oil & Gas Armored Cable Market was valued at USD 12.1 billion in 2023 and is anticipated to grow at a CAGR of over 8.1% between 2024 and 2032, driven by the expanding exploration and production activities in both conventional and unconventional oil and gas reserves. The increasing focus on safety standards and regulations in the oil and gas industry prompts the adoption of armored cables known for their resistance to abrasion, chemicals, and extreme temperatures, ensuring uninterrupted operations.


The growing investments and rising number of oil & gas exploration projects in will further fuel the demand for armored cables. Numerous oil & gas companies have recently finalized several exploration and production agreements. Furthermore, technological advancements in cable design, such as improved materials and construction techniques, will also enhance performance and longevity, contributing to market expansion.


Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of oil & gas armored cable was reached USD 12.1 billion and will grow at 8.1% CAGR during 2024 to 2032, driven by growing investments and rising number of oil & gas exploration projects.

Interlocked oil & gas armored cable market witnessed steady growth in 2023 and will exceed USD 13.5 billion by 2032, owing to its better flexibility.

Asia Pacific oil & gas armored cable industry held a decent share in 2023 and will surpass USD 9.1 billion by 2032, due to the presence of major oil & gas producers and consumers.

ABB, Belden, General Cables, Havells, Hallukabel, Leoni Cables, Nexans, NKT A/S, Omni Cables, and Prysmian S.P.A among others.

Oil & Gas Armored Cable Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 183
  • Countries covered: 24
  • Pages: 275
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