Overview of the global instrumentation cables market

Technavio's market research report identifies that the expansion of railways will be one of the primary growth drivers for the instrumentation cables market till 2021. The transportation equipment in trains is connected to the wheels using rolling stock suspension system. This drives the need for instrumentation cables in the rolling stock to pass signals between the rail bogies and wheels. With the growing population and expanding metropolitan areas, the demand for railways will considerable increase in the coming years. It has been observed that more than 75% of the global investments in the high-speed rail segment comes from Asia and Europe. Trans-European Network Program, the Connecting Europe Facility, Structural Funds and Cohesion Fund, and European Fund for Strategic Investment are the sources of funds in the European Union. This growth of the railway industry will subsequently fuel the need for instrumentation cables.  Technavio's market research analysts predict that this global market will generate a revenue of close to USD 790 million by 2021.

One of the key trends that will gain traction in the instrumentation cables market during the predicted period is the increase in manufacture of naval vessels. Instrumentation cables are used to ensure the safety, reliability, and continuous operation of technology in naval vessels. There is growing focus of manufacturers towards improving the marine deck machinery. This in turn, will demand the need for data signals for operation, which will subsequently fuel the need for instrumentation cables.

Competitive landscape and key vendors

The instrumentation cables market is characterized by the presence of well diversified, international, regional, and local vendors. Many regional vendors are focusing on increasing their market presence by offering customized instrumentation cables at lower prices than the international vendors. Product quality, features, functionalities, and services are the major factors the vendors usually compete on. Owing to product extensions, technological innovations, and strategic M&As, the market's competitive environment will further intensify in the coming years.

Key vendors in this market are -

• Belden
• General Cable
• Nexans
• Prysmian Group

Other prominent vendors in the market include ALLIED WIRE & CABLE, KEI Industries, Olympic Wire & Cable, RPG CABLES, RS Components, Southwire Company, TE Connectivity, and TELDOR Cables & Systems

Segmentation by geography and analysis of the instrumentation cables market

• Americas
• APAC
• EMEA

The adoption of technical products is increasing in APAC due to the growing population, urbanization, and industrialization. Also, there is a growing dependence on renewable energy sources to meet the rising demand for electricity. This in turn, will create the need for instrumentation cables. Furthermore, the rise in generation of nuclear power in countries such as China, South Korea, and India will also drive the adoption of instrumentation cables in this region.

Growth drivers, challenges, and upcoming trends: Recovery of the global oil industry

Oil refineries include various processes that involve the transmission of signals. Signal transmission is carried out by using instrumentation cables. With the focus of introducing new expansion projects to boost their refineries, countries are increasing their investments in oil refineries. This will subsequently drive the need for instrumentation cables.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global instrumentation cables market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global instrumentation cables market?
• What are the key market trends impacting the growth of the global instrumentation cables market?
• What are the challenges to market growth?
• Who are the key vendors in the global instrumentation cables market?
• What are the market opportunities and threats faced by the vendors in the global instrumentation cables market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global instrumentation cables market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global instrumentation cables market offers insights into the key trends and emerging drivers influencing the growth of the heavy industry. Our market research reports for the heavy industry sector also follow an extensive data collection methodology and offer an analysis of fast growing market segments like engineering tools.

By considering the market forecast and size, surging demand for various engineering tools, the market research experts at Technavio offer an all-inclusive picture of instrumentation cables market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients develop effective growth strategies and keep pace with the continually changing market landscape. This market study also offers an intricate analysis of various services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the instrumentation cables market also covers vendors like General Cables, Nexans, Prysmian Group, Belden, TechnoFlex Cables, Teldor Cables and Systems, Thermo Cables, Southwire Co. Inc., Encore Wire Corp., and KEI Industries Ltd.

This upcoming industry report on the instrumentation cables market also considers the growth of the related engineering tools market such as the hydraulic hose and fittings market, which is expected project an impressive CAGR of nearly 5% during the forecasted period. According to our market analysts, rapid industrialization has led to increased processes in manufacturing, which, in turn, is expected to impact the global market during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the instrumentation cables market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the instrumentation cables market also categorizes the key drivers, major trends, as well as the imminent challenges that the engineering tools sector are currently experiencing. It also presents insights into the rapidly changing competitive scenario to give clients a complete view of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as test and measurement, construction, and tools and components.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.