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.
The global downhole cables market is estimated to progress at ~5.45% CAGR
during the forecast period.
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).
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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.
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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.
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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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