Industrial Automation Cable Market was valued at USD 18 Billion in 2022 and is projected to reach USD 30 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global Industrial Automation Cable Market has witnessed significant growth from 2018 to 2022. Industrial automation systems have become increasingly critical across various sectors, with cables playing a vital role in ensuring smooth and efficient operations. These cables are responsible for transmitting power and data between various components of automated systems, including machinery, sensors, controllers, and more. As industries continue to modernize, the demand for reliable, durable, and high-performance industrial automation cables has surged. The increasing demand for automation, especially in manufacturing, automotive, and energy sectors, has contributed to a robust growth trajectory for the market in the past few years.
The period between 2018 and 2022 witnessed a steady rise in the adoption of advanced automation solutions, driving the demand for industrial automation cables. The need for faster data transmission, higher energy efficiency, and improved industrial connectivity drove innovation in cable design. Additionally, the growing emphasis on industrial Internet of Things (IIoT) integration and the need for robust communication systems further propelled the growth of the market. In particular, the rise of Industry 4.0 and its digitalization initiatives increased the use of industrial automation systems, resulting in a higher demand for specialized cables that could support complex systems.
As we move into the next decade, the demand for industrial automation cables is expected to continue its upward trajectory. From 2023 to 2033, emerging technologies such as 5G, artificial intelligence (AI), and robotics are anticipated to revolutionize automation systems. These developments will push the need for advanced cables that can support high data rates, extreme temperatures, and heavy mechanical stress. Furthermore, the shift towards renewable energy and electric vehicles will further increase the need for specialized cables to meet the unique requirements of these sectors.
With a growing emphasis on sustainability and the need for eco-friendly solutions, the industry will also focus on developing cables made from recyclable materials and those with lower environmental impact. The market will witness increased demand for cables that offer enhanced safety features, such as flame retardance, resistance to chemical exposure, and protection against electrical interference.
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Prysmian
LS Cable & System
Lutze
Nexans
Belden
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Industrial Automation Cable Market
Automotive
Electronics and Electrical
Chemical
Food and Beverage
Medical
Oil and Gas
Others
Based on Types the Market is categorized into Below types that held the largest Industrial Automation Cable market share In 2023.
Sensor Cable
Bus Cable
Power Cable
Others
Global (United States, Global 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 Industrial Automation Cable 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 Industrial Automation Cable Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Automation Cable Market, By Type
6. Global Industrial Automation Cable Market, By Application
7. Global Industrial Automation Cable Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Automation Cable Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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