The global oil & gas cables market is expected to grow at a significant CAGR during the forecast period. Oil & gas is a major industrial vertical and contributes as the largest source of energy among others due to its economic cost and high efficiency. The cables integrated with the oil & gas vertical is mainly used to develop a link to gain enhanced, secure and resistant operations employed in oil & gas industrial verticals. The cables have emerged with high resistance against fire, oil, sunlight and are applicable to provide mechanical protection and continuous flow for the material.
The growing demands for sunlight resistance, continuous flex, mechanical protection and mainly oil resistance cables among others owing to the rising adoption of oil & gas cables. These features are projected to witness ample growth opportunities for the market and contribute as a market driver for the global oil & gas cables market during the estimated forecast.
The increase in the prevalence of automation and advanced technologies in oil & gas industries among the production and manufacturing departments is anticipated to boost the market growth of the global oil & gas cables market. The upsurging demand for crude oils owing to emerging relevant growth in petroleum refineries is expected to leverage the trends for oil & gas cables. These cables develop highly efficient resistance for oils and petroleum from various damaging aspects including heat and fire resistance. Thus, the contribution of oil & gas cables in petroleum refineries flourishing the growth and introducing enormous business opportunities for the global oil & gas cables market.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2023
- Forecast period- 2024-2030
Segment Covered-
- By Cable Type
- By Sheath Material
- By Application
- Competitive Landscape- Galaxy, Texcan, Eland Cables, Beiden, General Cables.
Oil & Gas Cables Market by Segment
By Cable Type
- Variable Frequency Drive
- Fibre optics
- Copper
- Type P
- Type E
- Others
By Sheath Material
- Polyethylene
- Polyvinyl Chloride
- Thermoplastic Elastomer
- Fluorinated Ethylene Propylene
- Others
By Application
- Pump Equipment
- Drilling
- Pipeline Management
- Refineries
- Process Control
- Data Communication
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Oil & Gas Cables Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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