PLTC Instrumentation Cable Market Size By Type (Overall Shielded Pairs/Triads, Individual and Overall Shielded Pairs), By Application (Oil & Gas, Chemical, Process Automation, Manufacturing), & Forecast, 2024 - 2032

PLTC instrumentation cable market size is projected to record 7.6% CAGR between 2024 and 2032, driven by the increasing demand for process automation and control systems across various industries, such as oil & gas, manufacturing, and infrastructure. For instance, in March 2024, Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, collaborated with NVIDIA to accelerate a next-generation industrial architecture. Additionally, the rapid expansion of smart infrastructure projects, including smart cities and industrial IoT applications is necessitating robust communication and control networks, further driving the demand for PLTC instrumentation cables.

Moreover, stringent safety regulations and standards governing cable installation in hazardous environments, such as NEC (National Electrical Code) Class I, Division 2 are mandating the use of certified cables like PLTC cables. Compliance with these regulations will favor the product demand as industries prioritize safety and reliability in their electrical installations. Furthermore, advancements in cable design and manufacturing technologies are leading to the development of high-performance cables with enhanced features like flame resistance, chemical resistance, and shielding capabilities for catering to diverse application requirements.

The PLTC instrumentation cable industry is segmented based on type, application and region.

The market size from the individual and overall shielded pairs type segment is poised to generate substantial revenue by 2032, owing to increasing concerns about electromagnetic interference (EMI) and radio frequency interference (RFI) in industrial environments. The individual and overall shielding of pairs within PLTC cables effectively minimizes signal distortion and noise, making them ideal for use in critical control and monitoring systems.

By application, the PLTC instrumentation cable market from the manufacturing segment is slated to witness decent growth during 2024-2032, favored by the increasing adoption of automation and control systems in manufacturing facilities. PLTC cables, known for their durability, flexibility, and signal integrity, cater to the stringent requirements of modern manufacturing environments. Additionally, the ongoing expansion and modernization of manufacturing facilities worldwide will further fuel the demand for certified and compliant cables like PLTC instrumentation cables.

Europe PLTC instrumentation cables industry is expected to generate lucrative opportunities and expand at a modest rate over 2024-2032. The stringent safety regulations and standards, including those set by the International Electrotechnical Commission (IEC) and the European Committee for Electrotechnical Standardization (CENELEC) are mandating the use of certified and compliant cables in industrial installations. The increasing adoption of automation and smart technologies across various industries in Europe, such as manufacturing, transportation, and infrastructure is also driving the need for reliable communication and control networks, stimulating the industry growth.