Oil & Gas Cables Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

 

The global oil & gas cables market is expected to grow at a significant CAGR during the forecast period 2021-2027. 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.

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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 – 2020-2027

·        Base year- 2020

·        Forecast period- 2021-2027

·        Segment Covered-

o             By Cable Type

o             By Sheath Material

o             By Application

·        Competitive Landscape- Galaxy, Texcan, Eland Cables, Beiden, General Cables.

Key questions addressed by the report

·        What is the market growth rate?

·        Which segment and region dominates the market in base year?

·        Which segment and region will project fastest growth in the market?

·        How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

·        Who is the leader in the market?

·        How players are addressing challenges to sustain growth?

·        Where is the investment opportunity?

Global 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– Segment by Region

North America          

·        United States

·        Canada

Europe

·        Germany

·        United Kingdom

·        France

·        Spain

·        Italy

·        Rest of Europe

Asia-Pacific   

·        China

·        Japan

·        India

·        Rest of Asia-Pacific

Rest of the World

·        Middle East & Africa

·        Latin America

Company Profiles

·        Galaxy

·        Texcan

·        Eland Cables

·        Beiden

·        General Cables

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