Automation Cables Market size was valued at USD 12.5 Billion in 2024 and is forecasted to grow at a CAGR of 6.2% from 2026 to 2033, reaching USD 20.8 Billion by 2033.
The global automation cables market was valued at approximately USD 8.56 billion in 2022 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2030. This growth is driven by the increasing adoption of automation in industrial sectors, as well as the rising demand for efficient and secure power transmission in complex systems. Europe and North America are currently the leading regions in terms of market share, owing to the high demand for automation cables in manufacturing, automotive, and industrial applications. The market in these regions accounted for more than 45% of the global share in 2022. The increasing need for smart manufacturing, Industry 4.0 technologies, and the integration of IoT in industrial processes are expected to further enhance the demand for automation cables. In the Asia Pacific region, particularly in countries like China and India, the automation cables market is anticipated to witness significant growth, owing to rapid industrialization, infrastructure development, and the expansion of manufacturing sectors. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Latin America and the Middle East & Africa are also expected to present substantial opportunities for market expansion, driven by growing investments in industrial automation and energy efficient systems. The increasing focus on renewable energy, smart grids, and the rising trend of automation in the oil and gas, automotive, and healthcare sectors in these regions are likely to create new avenues for the market.
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Prysmian
LS Cable & System
Lutze
Nexans
Belden
Molex
BizLink
Oki Electric
TKH Group
LAPP
SAB Brockskes
Helukabel
Wanma Cable
TPC Wire & Cable
Elettrotek Kabel
Eland Cables
MotionCables
Lorom Industrial
Zhejiang Zhaolong
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automation Cables Market
Low-Voltage Cables
Medium-Voltage Cables
High-Voltage Cables
Copper Cables
Aluminum Cables
Steel Cables
Industrial Automation
Robotics
Energy Management
Control Panels
Machine Tools
Low Voltage
Medium Voltage
High Voltage
PVC Insulated Cables
XLPE Insulated Cables
EPR Insulated Cables
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automation Cables Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automation Cables Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automation Cables Market, By Type
6. Global Automation Cables Market, By Application
7. Global Automation Cables Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automation Cables Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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