The global downhole cables
market is estimated to progress at 5.45% CAGR during the forecast period. Downhole
cables are extensively used in the oil & gas industry. The unique
construction of downhole cables allows them to be used in a harsh environment.
These cables are used for data transmission within the oil & gas industry.
Downhole cables are used for various applications within the oil & gas
industry including oil & gas production, oil well monitoring, powering
downhole equipment, pressure sensing equipment, and data collection.
Leading Players
The key players operating in
the global downhole cables market are Prysmian Group (Italy), Marmon Engineered
Wire and Cable (US), SAMPSISTEMI (Italy), Nexans (Denmark), Schlumberger (US),
NKT Cables (Denmark), Galaxy Wire & Cable (US), AFL (Australia), W. L. Gore
& Associates, Inc. (US), Belden Inc. (US), Eland Cables (UK), ABB
(Switzerland), and National Oil Varco (US).
Segmental Analysis
On the basis of
installation, the global market has been divided into onshore and offshore. The
onshore segment is the largest segment in the market the increase in the investment
of upstream exploration activities, especially in North America and
Asia-Pacific. Additionally, onshore drilling activities have resumed after a
phase of interruption, which would increase the installation of downhole cables
that are needed in harsh environments.
On the basis of type, the
global market is segmented into tubing encapsulated cable (TEC), fiber optic
cable, electrical submersible pump cable (ESP), and others. Tubing encapsulated
cable (TEC) is expected to dominate the global downhole cable market as these
cables are especially designed to withstand the harsh environments typically
associated with oil & gas industry. On the basis of application, the global
market has been segmented into oil & gas production, data collection, well
monitoring, powering downhole equipment, instrumentation & control, and
pressure sensing. Oil & gas production is expected to dominate the global
market as downhole cables are extensively used for locating the problems in the
well.
Regional Outlook
On the basis of region, the
global downhole cables market has been segmented into Asia-Pacific, North
America, Europe, the Middle East & Africa, and South America.
North America holds the
largest share in the downhole cables market due to increased upstream spending,
which would boost the downhole cable demand in the countries such as the US,
Canada, and Mexico.
Increasing unconventional
drilling techniques offer opportunity for the downhole cables market. For
instance, the US Department of Energy would invest USD 30 million to increase
the unconventional oil & gas recovery. All these factors will boost the
demand for downhole cable market in the region.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
Continued…..
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