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Oil & Gas Armored Cable Market Trends

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

Oil & Gas Armored Cable Market Trends

The latest trends in the oil & gas armored cable industry indicate a shift towards enhanced durability and safety features. Manufacturers are investing in materials and designs that offer superior protection against corrosion, abrasion, and impact. Additionally, there's a growing emphasis on sustainability, prompting the development of eco-friendly materials and production processes. Digitalization and IoT integration are also gaining traction, enabling real-time monitoring of cable health and performance, leading to proactive maintenance and reduced downtime.

As the industry moves towards deeper offshore exploration and remote locations, demand for cables with higher tensile strength and flexibility is increasing. These trends reflect the industry's commitment to improving operational efficiency, safety, and environmental responsibility in the extraction and transportation of oil and gas resources.

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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