Global Industrial Automation Cable Market Size By Type (Industrial Ethernet Cables, Control Cables, PROFIBUS Bus Cables), By Application (Automotive Assembly Equipment, Control and Monitoring Systems, PLC Controlled Equipment), By Geographic Scope And Forecast
Global Industrial Automation Cable Market Size By Type (Industrial Ethernet Cables, Control Cables, PROFIBUS Bus Cables), By Application (Automotive Assembly Equipment, Control and Monitoring Systems, PLC Controlled Equipment), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Industrial Automation Cable Market Size And Forecast
Industrial Automation Cable Market size was valued at USD 19.96 Billion in 2024 and is projected to reach USD32.83 Billion by 2031, growing at a CAGR of 7.08 % during the forecast period 2024-2031.
Increasing investments in the transformation of conventional manufacturing plants by introducing advanced and digitized systems are a major driving factor for the growth of the industrial automation market. The Global Industrial Automation Cable Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Industrial Automation Cable Market Definition
Imagine industrial automation cables as the unsung heroes of modern factories. They're like super-efficient messengers, transmitting signals back and forth to keep all the automation equipment talking and working together. Think of itbecause these cables can handle two-way communication, your robots can do all sorts of amazing things! You'll find them hard at work everywhere - from automated warehousing & picking facilities and biotech labs to pharmaceutical companies, the food and beverage industry, robotic assembly facilities, pulp & paper mills, wastewater treatment plants, metal fabricating shops, petrochemical plants, and even mining operations. Basically, any modern, automated plant needs these reliable communication and control cables to keep everything running smoothly. And let's not forget the robots! These cables powering and communicating with them really take a beating. Robot arms are constantly changing direction to get the job done, which means extreme mechanical stress on those cables.
Automation and networking technology advances to play a vital role in the manufacturing industry, creating a growing need for more data exchange across sophisticated, high-performance networks. The advent of the Internet of Things (IoT) is placing new demands on Ethernet and bus cables, which are crucial components in automation environments. Mostly, all manufacturing sectors are relying on increased automation to reside competitive on regional and global levels.
General Cable, SAB Bröckskes GmbH & Co. KG, Lapp Tannehill, and Eland Cables are some of the key players in the market that offer industry-leading and diverse products to meet the challenges faced by today’s industrial automation customers. The reliable wire and cable products include Instrumentation & Control Cables, Industrial Communications Cables for Protocols, Industrial Ethernet Cables, Portable Power & Cord Products, and VFD Cables for Drives.
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Global Industrial Automation Cable Market Overview
Increasing investments in the transformation of conventional manufacturing plants by introducing advanced and digitized systems are a major driving factor for the growth of the industrial automation market. Transforming traditional production departments or facilities involves implementing automated systems for asset & workforce management and production processes. The transition of the conventional production process and facilities anticipated to drive the demand for industrial automation cables. The shift towards robotics is expected to drive the growth of the industrial automation market over the forecast period as they can easily perform difficult tasks with high efficiency.
Recent developments in factory optimization have forced the need to adapt machinery and other processes to make the manufacturing process more effective. The industrial automation sector is providing many opportunities for technology companies that are focused on providing innovative solutions to automotive or agricultural industries. The demand for advanced products is expected to increase in the coming years as companies are focused on automation to remain competitive. Companies are focused on maintaining product innovation and new product development to gain larger market shares.
Global Industrial Automation Cable MarketSegmentation Analysis
The Global Industrial Automation Cable Market is segmented on the basis of Type, Application, and Geography.
Industrial Automation Cable Market, By Type
Industrial Ethernet Cables
Control Cables
PROFIBUS Bus Cables
Other
To Get Summarized Market Report By Type-
Based on Type, the market is bifurcated into Industrial Ethernet Cables, Control Cables, PROFIBUS Bus Cables, and Other. Industrial Ethernet Cables segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 6.51% over the forecast period.
Profibus cables are automation cabling used for fast-connect-type systems, predominantly used for process applications. They exhibit excellent electrical transmission performance for Process Automation (PA) applications. The standard for provirus cables is usually set by a world-leading automation community called Profibus and Profinet International (PI), with emphasis on compatibility and interoperability and standardized to IEC 61158. Depending on the system current, it can support up to 32 devices per segment and up to a total of 126 devices. In addition, these cables are often used as an alternative to Belden 3079A in several applications.
Growing demand for large data exchange over reliable high-performance and sophisticated networks has augmented the automation technology in the manufacturing industry. Resulting in the increased demand for Ethernet cables, in automation environments. Most commonly used ethernet cables include Cat 5, Cat 5e, Cat 6, Cat 6a, Cat7 exhibiting different levels of performance from each other..
Industrial Automation Cable Market, By Application
Automotive Assembly Equipment
Control and Monitoring Systems
PLC Controlled Equipment
Automated pick-and-place Systems
Transfer Shuttles
Others
To Get Summarized Market Report By Application-
On the basis of Application, the Global Industrial Automation Cable Market has been segmented into Automotive Assembly Equipment, Control and Monitoring Systems, PLC Controlled Equipment, Automated pick-and-place Systems, Transfer Shuttles, and Others. The automotive assembly equipment segment accounted for the largest market share in 2020 and is projected to grow at a CAGR of 7.48% during the forecast period. The control and monitoring systems segment was the second-largest market in 2020.
Think of the automotive assembly line as the grand finale of car production! It's where all the meticulously crafted parts finally come together to form the vehicle. These lines have to be super precise, because even a small slip-up can totally mess up the final car, costing the company money. That's why car makers are pushing to automate the assembly process – they want flawless models! In many factories, you'll see nimble robotic arms zipping around, assembling smaller parts like motors and pumps at lightning speed. And things like tightening screws, mounting wheels, and even installing windshields are now handled by these robot arms. With people buying more cars and the automotive industry constantly evolving, the automation market is expected to boom, which in turn should really boost the demand for industrial automation cables in the years to come.
Industrial Automation Cable Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
To Get Summarized Market Report By Geography-Â
When we look at the Global Industrial Automation Cable Market by region, we see it broken down into North America, Europe, Asia Pacific, and the rest of the world. Guess what? Asia Pacific was the big winner in 2020, grabbing the largest piece of the pie! Europe came in second. What's driving this growth in Asia Pacific? Well, there's a huge push for better solutions to upgrade factories in places like India, China, Japan, and South Korea. These countries are increasingly using industrial robots to boost speed, accuracy, and power. Why is this important? Because industrial automation cuts down on labor, wastes less material, and saves energy. Companies are automating left and right to make more stuff faster and better.
Key Players
Want to get the inside scoop on the Global Industrial Automation Cable Market? Our study dives deep into the market, spotlighting key companies like Prysmian Group, Nexans S.A., LEONI, Belden, HELU KABEL GmbH, Lorom Industrial Co. Ltd, Eland Cables, Friedrich Lütze GmbH, TPC Wire & Cable Corp., and SAB Brockskes. We don't just list names, though! We've got a whole section dedicated to these major players, where our experts break down their financial statements, benchmark their products, and even give you a SWOT analysis. Plus, we explore the competitive scene, digging into development strategies, market share, and how these players rank globally.
Key Developments
• Prysmian Group announced to expand its manufacturing facility in Pettis County, Missouri.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Prysmian group, Nexans S.A., LEONI, Belden, HELU KABEL GmbH, Lorom Industrial Co. Ltd, Eland Cables, Friedrich Lütze GmbH and Others
SEGMENTS COVERED
By Type, By Application, and By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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