Oil & Gas Downhole Cables Market to Reflect Impressive Growth Rate by 2027

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Oil Gas Downhole Cables Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Growing Focus on Improving Functional and
Physical Properties of Downhole Cables to Impact
Market Growth

• The energy sector around the world is witnessing
  a significant transformation due to advancements
  in technology, evolving regulations, and shift
  toward sustainability.
• The oil gas sector in particular is also
  undergoing notable changes in terms of how
  onshore as well as offshore applications are
  carried out.
• The need to modernize cable systems and
  communication infrastructure in the oil gas
  sector has played an important role in inflating
  the demand for oil gas downhole cables in
  recent years.

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High Adoption of Tubing Encapsulated Cables

• The demand for tubing encapsulated cables is
  projected to remain higher than that of fiber
  optic cables during the forecast period.
• Tubing encapsulated cables are extensively being
  used across the global oil gas sector worldwide
  for a range of applications, including monitoring
  the pressure, temperature, and multiple other
  parameters in oil wells.
• In addition, tubing encapsulated cables are
  primarily deployed in long-term applications
  wherein durability is critical.
• In the current scenario, tubing encapsulated
  cables made from polypropylene have gained a
  significant amount of popularity due to the
  exceptional survivability of the cable.

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Major Developments in Oil Gas Downhole Cables
Market  

• In December 2019, ZTT launched metallic loose
  tube fiber optic cable for terrestrial
  communication, micro-module tube blowing fiber
  optic cable, and RFID-based fiber optic cable
  identification technology.
• The metallic loose tube fiber optic cable is a
  new type of directly buried fiber optic cable.
• It utilizes innovative laser-welded stainless
  steel tube. Metallic loose tube fiber optic cable
  is suitable for usage in harsh geological
  conditions such as plateaus, frozen soils, and
  geologically unstable areas.

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Major companies in the global oil gas downhole
cables market

• Prysmian Group, ElandCables
• Nexans Group
• NKT A/S, ABB Ltd.
• Marmon Group
• GalaxyWire.com
• W. L. Gore Associates, Inc.
• Belden Inc

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