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The global sensing cable market attained a value of USD 971.87 million in 2023. The sensing cable market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6% to reach USD 1641.23 million by 2032.
The Asia Pacific is the fastest-growing region for the industry. The global cable sensing market is driven by the increasing demand for equipment, failure management, and reliability in extreme conditions.
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A sensor is a part, module or device used to detect events or changes in the environment. This detects malfunctions, faults, and extreme conditions. It is, therefore, a reliable sensing source used in different systems like temperature sensors, fluid leakage, and temperature sensors. Global sensing cables are, therefore, the most common way to detect and sense the outside environment and to avoid machines or process failures. It is commonly used in various applications such as temperature, noise, acoustics, leakage and strain.
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The detection medium of sensing cables can be divided into liquid and gas.
The modes available in the sensing cable market can be segmented into single-mode fibre and multi-mode fibre.
The market can be broadly categorised on the basis of its applications into:
It finds its end-uses in the following sectors:
The EMR report looks into the regional sensing cable markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The key driver of the sensing cable market is the expanding oil and gas industries. Factors contributing to the growth of the sensing cable market include the improved durability, power, heat and temperature efficiency and enhanced commercial and industrial uses. The stringent policies enforced by government agencies to increase security standards are driving the growth of the sector. The industry will be guided by the requirements for sensor-enabled devices, the technology dependency, the efficiency and operational results of sensors, and the accurate sensing capacity.
The report presents a detailed analysis of the following key players in the global sensing cable market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the sensing cable market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Detection Medium |
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| Breakup by Mode |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of approximately USD 971.87 million.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1641.23 million by 2032.
The major drivers of the market include rising population, increasing demand for equipment, and reliability in extreme conditions.
The expansion of oil and gas industries and failure management are expected to be key trends guiding the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific likely to witness fastest growth.
The detection mediums of sensing cable available in the market are liquid and gas.
The primary modes of sensing cables are single-mode fibre, and multi-mode fibre, among others.
Sensing cables can have different applications such as leak detection, power cable monitoring, heat sensing, temperature sensing, acoustic sensing, and strain monitoring, among others.
Sensing cable can have different end-uses like oil and gas, environment, energy, and utility, IT and telecommunication, and infrastructure, amongst others.
The leading players in this market are NKT Photonics A/S, Corning Incorporated, PCB Piezotronics, Inc., RLE Technologies, NVENT MANAGEMENT COMPANY, Sensornet Limited, TTK S.A.S., and Yokogawa Electric Corporation, among others.
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