The oil and gas sectors are important drivers of the worldwide sensing industry. Its sensors are utilized to monitor and identify any anomalies in the operating process. High dependability, sensitivity to associated elements such as water, heat, and temperature, and its extensive industrial and commercial application usage are the drivers driving the worldwide sensing cables market.
All of these reasons drive demand for sensing cables on a worldwide scale and are projected to drive considerable growth in the global market. The worldwide sensing cable market is being driven by rising government regulations and policies governing safety standards across the world. Rising demand from energy applications, along with the widespread need for sensor-enabled cables, will drive demand for sensing cables.
Asia Pacific is the fastest expanding market for total sensing cables, with the greatest CAGR during the projection period. The rising need for sensing cables in systems for a wide range of industrial and applications purposes, such as oil and gas and electricity cable monitoring, is driving the expansion of this market. Government laws, regulations, and policies governing safety standards influence the markets in North America and Europe. In the next years, Germany is likely to be a promising country market for investors.
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List of Key Players- Sensing Cable Market
- Cable USA, LLC
- Corning Incorporated
- NKT Photonics A/S
- PCB Piezotronics, Inc.
- RLE Technologies
- Sensornet Limited
- Silixa Ltd
- TIBCO Software Inc.
- TTK – Leak Detection System
- Yokogawa Electric Corporation
Sensing Cable Market Report Highlights
- PCB Piezotronics, Inc., a wholly owned subsidiary of MTS Systems Corporation, debuted the network cable model series 078Wxx and 034Wxx, as well as the connector model RB, in April 2019. The 034W cable assembly has been engineered to withstand average temperatures from -76 to 325 degrees Fahrenheit.
- In March 2019 nVent Electric plc introduced the nVent RAYCHEM ArcticStep, a scalable, energy-efficient panel system designed to work with heat-tracing cables to reduce energy usage and heat loss.
- Some of the major market participants are changing their business practises in order to retain the dependability and accuracy of their sensing cables. Prysmian Groups Pry-Cam, for example, a key participant in the energy and telecom cable systems market, has announced a new business plan to provide electric cable system monitoring systems. With this new business approach, the firm hopes to give its clients with real-time access to the data acquired by its sensing cables, making it easier for them to assure the speed, precision, and reliability of performance.
SENSING CABLE MARKET SEGMENTATION
The research report published by Market Research Strategy contains industry segments, as below-
Sensing Cable Market Sensing Outlook (Revenue, USD Million, 2016 – 2027)
Sensing Cable Market Fibers Used Outlook (Revenue, USD Million, 2016 – 2027)
- Acrylate coating
- Copper alloy coatings
- Fiber optic
- Gold- coated fibers
- Polyamide coating
Sensing Cable Market Modes Type Outlook (Revenue, USD Million, 2016 – 2027)
- Single-Mode Fiber
- Multi-Mode Fiber
Sensing Cable Market Application Outlook (Revenue, USD Million, 2016 – 2027)
- Environment & Geo-techniques
- Fire Detection
- Fire Prevention
- Oil & Gas
- Power Cable Monitoring
- Process & Pipeline Monitoring
Sensing Cable Market Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
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