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Home » Energy and Power » Oil & Gas Armored Cable Market Report 2030

Oil & Gas Armored Cable Market By Type (Power Cables, Control Cables, Instrumentation Cables, Data Cables); By Material (Aluminum, Stainless Steel, Galvanized Steel); By End-Use (Onshore Oil & Gas Production, Offshore Oil & Gas Production, Refining & Processing, Pipeline Infrastructure); By Application (Power Transmission, Telecommunication, Data Transfer, Instrumentation and Control); By Geography, Segment revenue estimation, Forecast, 2024–2032.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 68056841

The oil & gas armored cable market was worth USD 13.75 billion in 2023 and will be worth USD 20.62 billion by 2030, growing at a CAGR of 5.2% during the forecast period.

 

The oil & gas armored cable market is also growing due to the rising need for cables that can operate efficiently in highly risky such as oil and sea drilling, oil refineries, and other hazardous places. The global oil and gas industry is expected to witness further investments in exploration and extraction, particularly in offshore drilling, which contributes over 30% of global oil production. Such signals require armored cables, which are developed specifically to maintain their structural integrity and to operate appropriately in various climates, physically abusive environments, and under conditions of substantial corrosive attack. For instance, the increasing trend in paying more attention to deepwater and ultra-deep water projects in locations such as the Gulf of Mexico and the North Sea needs cables that can comfortably work under high pressure and underwater environments. These advancements help to meet the emergent need for cables to have a longer life in upstream and downstream activities in the oil and gas industry, thereby driving the market.

 

The Oil & Gas Armored Cable market holds immense growth potential, exhibited by the rising interest in offshore and onshore oil exploration. More than 30% of crude is produced offshore, and there are signs that offshore, particularly the ability for drills at deeper levels, will grow further in fields such as the Gulf of Mexico and offshore West Africa. These growths lead to the need to use armored cables that are enduring in severe conditions, high or even pressure, and sometimes need to work in extreme temperatures. The latest improvements in the armored cable are improved corrosion protection and fire resistance; this identifies those cables for use in deep water environments and high heat temperature oil production fields. For instance, in the Middle East, drilling projects initiating new projects are optionally using armor cables that supply power and data with the most effective method of functionality and safety in highly corrosive regions. This increasing trend towards safety and reliability creates greater opportunities for armored cable manufacturers in the oil and gas industry.

 

oil-gas-armored-cable-market-infographic

 

Market Segmentation

By Type:

  • Power Cables

  • Control Cables

  • Instrumentation Cables

  • Data Cables

 

By Material:

  • Aluminum

  • Stainless Steel

  • Galvanized Steel

 

By End-Use:

  • Onshore Oil & Gas Production

  • Offshore Oil & Gas Production

  • Refining & Processing

  • Pipeline Infrastructure

 

By Application:

  • Power Transmission

  • Telecommunication

  • Data Transfer

  • Instrumentation and Control

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

North America leads the Oil & Gas Armored Cable market due to the high investment in the exploration and production of O&G onshore and offshore. The United States produces about 18 million barrels of oil daily and ranks among the world's top oil producers, and the Gulf of Mexico is a hub of Offshore Oil drilling. It also demands armored cables with high production capacity that can withstand the challenging conditions of deepwater drilling, high and low temperatures, and corrosive atmospheres. A recent development uses superior armored cables in new deepwater installations in the Gulf of Mexico for power and data transmission. These cables are intended for use in extreme environments, thus boosting operation efficiency and safety. Also, the continuous development of infrastructure for the U.S. shale industry also burdens the armor requirement of cables, contributing to the North American dominance in the global market.

 

Key Players

  • Nexans S.A.

  • Prysmian Group

  • Belden Inc.

  • Southwire Company, LLC

  • General Cable

  • LS Cable & System Ltd.

  • ABB Ltd.

  • Sumitomo Electric Industries, Ltd.

  • TPC Wire & Cable Corp.

  • ZTT International Limited

 

Oil & Gas Armored Cable Market Report Coverage

Report Attribute

Details

Forecast Period

2023 – 2030

Market Size Value in 2023

USD 13.75 billion

Revenue Forecast in 2030

USD 20.62 billion

Overall Growth Rate

CAGR of 5.2%

Base Year for Estimation

2022

Historical Data

2017 – 2021

Unit

USD Billion, CAGR (2023 - 2030)

Segmentation

By Type, By Material, By End-Use, By Application, By Region

By Type

Power Cables, Control Cables, Instrumentation Cables, Data Cables

By Material

Aluminum, Stainless Steel, Galvanized Steel

By End-Use

Onshore Oil & Gas Production, Offshore Oil & Gas Production, Refining & Processing, Pipeline Infrastructure

By Application

Power Transmission, Telecommunication, Data Transfer, Instrumentation and Control

By Region

North America, Europe, Asia Pacific, LAMEA

Country Scope

US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Question About This Report

The oil & gas armored cable market was valued at USD 13.75 billion in 2023 and is projected to reach USD 20.62 billion by 2030, growing at a CAGR of 5.2% during the forecast period.

Growing exploration and production activities, rising demand for durable cables, and advancements in safety technologies are key drivers.

Major players include Nexans, Prysmian Group, Belden Inc., Southwire Company, and LS Cable & System.

North America held the largest market share, driven by extensive shale gas exploration and production activities.

Exploration and drilling applications dominate the market due to the demand for reliable and durable cables in harsh environments.

.

Table of Contents

1.    OIL & GAS ARMORED CABLE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    OIL & GAS ARMORED CABLE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – OIL & GAS ARMORED CABLE MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Type of Oil & gas armored cable and End Use Outlook Analysis
4.    HISTORIC TRENDS IN OIL & GAS ARMORED CABLE MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023)
6.2. North America Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
6.3.1. Power Cables
6.3.2. Control Cables
6.3.3. Instrumentation Cables
6.3.4. Data Cables
6.4. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Material
6.4.1. Aluminum
6.4.2. Stainless Steel
6.4.3. Galvanized Steel
6.5. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.5.1. Power Transmission
6.5.2. Telecommunication
6.5.3. Data Transfer
6.5.4. Instrumentation and Control
6.6. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
6.6.1. Onshore Oil & Gas Production
6.6.2. Offshore Oil & Gas Production
6.6.3. Refining & Processing
6.6.4. Pipeline Infrastructure
6.7. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
8.4. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByMaterial
8.5. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.6. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
8.7. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
9.4. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByMaterial
9.5. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByApplication
9.6. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
9.7. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
10.4. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByMaterial
10.5. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByApplication
10.6. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User
10.7. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. NEXANS S.A.
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Prysmian Group
11.3. Belden Inc.
11.4. Southwire Company, LLC
11.5. General Cable
11.6. LS Cable & System Ltd.
11.7. ABB Ltd.
11.8. OTHER MARKET PLAYERS

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