PUBLISHER: The Business Research Company | PRODUCT CODE: 1730918
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730918
ITC instrumentation cables are specialized electrical cables designed for industrial control and instrumentation applications. They are used to transmit low-energy control, monitoring, and signaling signals in industrial settings. These cables are built to endure challenging environments, including electrical interference, moisture, and mechanical stress.
The primary materials used in ITC instrumentation cables include copper, aluminum, and other materials. Copper cables are favored for their excellent electrical conductivity, long-lasting durability, and resistance to corrosion. The cables come with various voltage ratings, including low voltage (up to 1,000 V), medium voltage (1,000 V to 35,000 V), and high voltage (over 35,000 V). The conductor types used are solid, stranded, and ribbon conductors, which are applied in industries such as oil and gas, chemicals, process automation, manufacturing, and other sectors.
The ITC instrumentation cable market research report is one of a series of new reports from The Business Research Company that provides ITC instrumentation cable market statistics, including ITC instrumentation cable industry global market size, regional shares, competitors with an ITC instrumentation cable market share, detailed ITC instrumentation cable market segments, market trends and opportunities, and any further data you may need to thrive in the ITC instrumentation cable industry. This ITC instrumentation cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ITC instrumentation cable market size has grown strongly in recent years. It will grow from $4.38 billion in 2024 to $4.71 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historical period can be attributed to factors such as heightened awareness of safety regulations, an increasing need for reliable data transmission, a rise in infrastructure construction, growing investments in industrial sectors, and the increasing adoption of smart factories.
The ITC instrumentation cable market size is expected to see strong growth in the next few years. It will grow to $5.23 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. In the forecast period, growth can be driven by the rising demand for industrial automation, the growing need for smart grid solutions, the expansion of the industrial Internet of Things, a stronger focus on sustainability, and increasing investments in infrastructure development. Key trends for the forecast period include advancements in cable materials, the development of smart grid technologies, the adoption of digital twin technology, the integration of advanced technologies, and strategic partnerships and collaborations.
The increasing demand for industrial automation is expected to drive the growth of the ITC instrumentation cable market. Industrial automation involves using technology, control systems, and robotics to manage industrial processes with minimal human intervention. The need to enhance efficiency and improve safety in manufacturing and production processes fuels the growing demand for industrial automation. By reducing manual intervention, automation helps industries streamline operations, resulting in higher productivity, consistent product quality, and lower operational costs. ITC instrumentation cables play a crucial role in these processes by providing secure and efficient communication between automated devices, enabling precise control, greater efficiency, and enhanced safety. For example, in September 2024, the International Federation of Robotics, a Germany-based professional non-profit organization, reported that industrial robot installations in the UK reached a record 3,830 units in 2023, a 51% increase from 2022. Thus, the rising demand for industrial automation is driving the growth of the ITC instrumentation cable market.
The growing focus on renewable energy projects is also expected to propel the growth of the ITC instrumentation cable market. Renewable energy projects, which generate electricity from sustainable sources such as solar, wind, hydro, and biomass, aim to reduce reliance on fossil fuels and lower carbon emissions. The push for sustainability and the need to mitigate the environmental impact of fossil fuels, such as air pollution and climate change, are key drivers behind the shift to cleaner energy sources. ITC instrumentation cables are essential in renewable energy projects, ensuring reliable signal transmission for monitoring, control, and automation in solar, wind, and hydropower systems. For example, the International Energy Agency, a France-based intergovernmental organization, predicted in October 2024 that global annual renewable capacity additions would grow from 666 GW in 2024 to nearly 935 GW by 2030. As such, the growing emphasis on renewable energy is contributing to the growth of the ITC instrumentation cable market.
In May 2024, AZ Wire & Cable, a U.S.-based manufacturer and distributor of wire and cable products, acquired Gen-Pro for an undisclosed amount. This acquisition aims to expand AZ Wire & Cable's product portfolio and strengthen its position as a comprehensive solution provider for electrical distribution needs. Gen-Pro, a Netherlands-based maritime and commercial procurement company, offers a general-purpose cable for price-sensitive applications within the broader category of ITC products.
Major players in the itc instrumentation cable market are Polycab India Limited, Sumitomo Electric Industries Ltd., Southwire Company LLC. , Nexans S.A., LS Cable & System, Belden Inc., Turck Inc., Mueller Electric, Bahra Advanced Cable Manufacture Co.Ltd., Shawflex , Lapp Tannehill Inc., Northwire Inc., Multi Cable Corporation, TE Wire And Cable Llc, Caledonian Cables Ltd., Prysmian Group, Brilltech , TechLine Mfg., 1X Technologies LLC, Power Cable Corporation.
Asia-Pacific was the largest region in the ITC instrumentation cable market in 2024. Europe is expected to be the second largest region in the forecast period. The regions covered in ITC instrumentation cable report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the ITC instrumentation cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ITC instrumentation cable market consists of sales of shielded cables, multi-pair cables, twisted pair cables, tray-rated cables, and fire-resistant cables. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
ITC Instrumentation Cable Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on itc instrumentation cable market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for itc instrumentation cable ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The itc instrumentation cable market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.