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 the oil & gas industry is one of the major growth factors in 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 includes changes in temperature and pressure, sound, strain, and vibration. Because of these factors, we expect the distributed sensing cables market to show healthy growth during the forecast period.
Market Synopsis
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 processes, this further increases the efficiency and reliability. In addition, rigid environmental regulations in industries that require safety from precarious elements can further accelerate the adoption of distributed sensing cables. Thus, government policies focus on adopting these sensors in the industrial segment. Hence, we expect the industrial & energy segment to continue its dominance in distributed sensing cables market throughout the 2019-2027.
The Asia Pacific to be the Fastest Growing Region
Distributed sensing cables market is led by the North American 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. However, the Asia Pacific will be the fastest-growing distributed sensing cables market region. The demand for distributed sensing cables shall increase due to the growing usage in power cabling and oil gas industries. Therefore, we are expecting the Asia Pacific region to be the fastest growing throughout the forecast period in the Distributed sensing cables market.
Some prominent players operating in the Distributed sensing cables market are 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. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was 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. In addition, the report provides a holistic view of the global Distributed sensing cables market based on product type, application, and geography. Key segments covered in the report are as follows:
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 (the 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 (the Middle East & Africa, Latin America)
Unique data points of this report
Statistics on the 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)
Frequently asked questions :
The market for Distributed Sensing Cables Market is expected to reach US$ XX Bn in 2027.
The Distributed Sensing Cables Market is expected to see significant CAGR growth over the coming years, at 5%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Prysmian Group, Nexas, Corning, NKT, Leoni are some of the major players in the global market.
