Growing Penetration of Smart Devices to Boost the Demand for Distributed sensing cables Market
The distributed sensing cables market worldwide is expected to grow with a CAGR of 5% during the forecast period from 2019 to 2027. Increasing demand for sensing cables in oil & gas industry is one of the major growth factor of distributed sensing cables market. Distributed sensing is a technology that assists continuous measurements along the entire length of a fiber optic cable. Due to this, external stimuli on the cable can be detected at any position along the length of the cable. The stimulus include changes in temperature and pressure, sound, strain, and vibration. On account of these factors, we are expecting the distributed sensing cables market to show healthy growth during the forecast period.
Market Synopsis
Get a sample copy for more information
Industrial & Energy Segment to Continue Leading the Market
The distributed sensing cables market by application is segmented into industrial & energy and commercial. The demand for data based analysis helps to monitor operational process this further increases the efficiency and reliability. Rigid environmental regulations in industries that requires safety from precarious elements can further accelerate the adoption of distributed sensing cables. Thus, government policies are focusing for adoption of these sensors in the industrial segment. Hence, we expect that industrial & energy segment will continue its dominance in distributed sensing cables market throughout the forecast period 2019-2027.
Get a sample copy for more information
Asia Pacific to be the Fastest Growing Region
Distributed sensing cables market is led by North America region with a vital share in the market revenue share worldwide. The growth in Northern America is backed by a huge demand for power cable monitoring. Asia Pacific will be the fastest growing region in the distributed sensing cables market. Owing to growing usage of sensing cables in power cabling and oil gas industries, the demand for distributed sensing cables shall increase. Therefore, we are expecting the Asia Pacific region to be the fastest growing throughout the forecast period in the Distributed sensing cables market.
Get a sample copy for more information
Some of the prominent players operating in the Distributed sensing cables market Prysmian Group, Nexas, Corning, NKT, Leoni, HELUKABEL, Lapp Group, Tongguang Group, Yokogawa Electric, Hansen, Lyudinovokabel and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The distributed sensing cables market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global Distributed sensing cables market based on product type, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Product Type (2017–2027; US$ Bn)
• Low Voltage
• Medium Voltage
• High Voltage
|
|
Application (2017–2027; US$ Bn)
• Industrial & Energy
• Commercial
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of distributed sensing cables in 2018 and forecast up to 2027?
- Which is the largest regional market for satellite dish?
- What are the major trends followed in overall distributed sensing cables across different regions?
- Who are the key distributed sensing cables companies leading the market?
- What are the key strategies adopted by the leading distributed sensing cables companies in market?
Unique data points of this report
- Statistics on sensor industry worldwide
- Recent trends across different regions in terms of adoption of distributed sensing cables across various applications
- Notable developments going on in distributed sensing cables market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
