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Sensing Cable Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 301 | Report ID: MRS1113


Report Description

The global Sensing Cable Market size is estimated at USD 920.1 million in 2020, expanding at a CAGR 6.3% from 2021-2027 to reach 1,300.5 Million USD in 2027.

Market Dynamics

A sensor is a device, module, or subsystem that detects events or changes in the environment. It identifies anomalies, failures, and severe circumstances. As a result, it is a dependable source of sensing utilized in a variety of systems such as fluid leakage sensors, temperature sensors, and temperature sensors.

Sensing cables have become a common method of monitoring and detecting the surroundings and avoiding machine or system failure. It is frequently employed in a wide range of applications, including strain, temperature, leakage, acoustics, and pressure. The global sensing cable market is so favored as a result of rising equipment demand, its offer of failure prevention, and its dependability in harsh situations.

Sensing cables are in high demand due to their broad use and widespread creation in the smart sensor industry. Sensing cables are used to detect external environmental factors in order to prevent machine or process failure. This cable provides for continuous measurements of temperature, pressure, sound, strain, or vibrations. This measure is used to prevent possible hazards like fires and leaks. As a result of the increased importance of performance monitoring in the manufacturing industries, the sensing cable business anticipates steady development. Furthermore, the continuous adoption of safety measures for reducing damages caused by unintended leaks of hazardous oil and gases is expected to fuel sensing cable market expansion. The growing oil and gas sectors are propelling the sensing cable market forward.

Regional Insights

The worldwide sensing cable market is predicted to grow at a strong CAGR due to rising demand for temperature-sensitive devices in a variety of industries such as electricity and energy, oil and gas, transportation, and others. Asia-Pacific is the fastest expanding market, with the greatest CAGR expected throughout the projection period. The increasing need for sensing cables for a broad range of applications and industrial usage, such as power cable monitors, is driving market expansion.

Segment Insights

According to the segmentation, the worldwide sensing cable market is dominated by oil and gas applications. During the projected period, it is expected to have the biggest market share of the worldwide sensing cable market. Heat detecting cables, also known as linear heat sensing cables, are used in fire detection and prevention, power stations, fire and smoke alarms, vehicles, and petrochemicals. Temperature sensing cables, also known as distributed temperature sensing cables, are used in fire prevention and detection, fire and smoke detector, power stations, petrochemicals, and vehicles.

Competitive Insights

The sensing cables market's key players are generally focused on organic business tactics such as new product approvals, product releases, events, and patents. The strengthening of distribution networks and the introduction of new products are projected to cement leading companies' positions in the sensing cable market. For example, in April 2019, Silixa Ltd unveiled the 'Carina,' a sensing system with dispersed coverage and expanded sensitivity enabled by 'constellation fiber.' In addition, manufacturers are gradually introducing diverse sensing cable designs to fulfill the changing needs of end-users.

The report begins with an overview of the Industry Chain structure, describes the industry environment, then analyses the market size and forecast of the Sensing Cable Market by Sensing, Fibers Used, Modes types, application, and region. In addition, this report introduces the market competition situation among the vendors, and company profile, besides, market price analysis, and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Cable USA, LLC
  • Corning Incorporated
  • NKT Photonics A/S
  • nVent
  • PCB Piezotronics, Inc.
  • Pentair
  • RLE Technologies
  • Sensornet Limited
  • Silixa Ltd
  • Thermocoax
  • TIBCO Software Inc.
  • TTK – Leak Detection System
  • Yokogawa Electric Corporation

Sensing Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Heat
  • Hydrocarbons
  • Temperature
  • Water

Fibers Used Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Acrylate coating
  • Copper alloy coatings
  • Cryogenic
  • Fiber optic
  • Gold-coated fibers
  • Polyamide coating

Modes Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Single-Mode Fiber
  • Multi-Mode Fiber

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Environment & Geo-techniques
  • Fire Detection
  • Fire Prevention
  • Oil & Gas
  • Power Cable Monitoring
  • Process & Pipeline Monitoring
  • Security
  • Transportation
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • 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.)

Frequently Asked Questions

The global Sensing Cable Market size is estimated at USD 920.1 million in 2020, expanding at a CAGR 6.3% from 2021-2027 to reach 1,300.5 Million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Sensing Cable Market size is expanding at a CAGR 6.3% from 2021-2027 to reach 1,300.5 Million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The sensing cables market's key players are generally focused on organic business tactics such as new product approvals, product releases, events, and patents. The strengthening of distribution networks and the introduction of new products are projected to cement leading companies' positions in the sensing cable market. For example, in April 2019, Silixa Ltd unveiled the 'Carina,' a sensing system with dispersed coverage and expanded sensitivity enabled by 'constellation fiber.' In addition, manufacturers are gradually introducing diverse sensing cable designs to fulfill the changing needs of end-users.

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