Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Instrumentation Cable Market” that contains the information from 2019 to 2035.
The Instrumentation Cable market is estimated to register a CAGR of 4.3% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Instrumentation Cable Market— Belden Inc, Prysmian S.p.A, NEXANS, KEI Industries Limited, Thermo Cables, Tratos, Eland Cables, Top Cable, Allied Wire & Cable, Inc, Bahra Electric, Southwire Company, LLC and LS Cable & System Ltd.
Instrumentation Cable Market Highlights
The Instrumentation Cable Market is accounted for to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 10,007.34 million by 2035.
The rapid expansion of the renewable energy sector is creating significant opportunities for the Instrumentation Cable Market by driving demand for specialized cabling solutions capable of supporting advanced monitoring, control, and data acquisition systems in new energy infrastructure. As countries worldwide accelerate their transition toward clean energy, the deployment of solar, wind, hydro, and other renewable power plants has surged, necessitating robust and reliable instrumentation cabling to ensure efficient operation and integration with smart grids.
According to authoritative sources such as the International Renewable Energy Agency (IRENA), global renewable power capacity reached 4,448 gigawatts (GW) in 2024, with renewables accounting for over 90% of total power expansion and a record annual growth rate of 15.1%. This unprecedented growth is underpinned by major policy initiatives and investments, with countries like China, India, and those in the European Union leading the charge. India, for example, achieved a record annual capacity addition of 29.52 GW in the financial year 2024–25, bringing its total installed renewable energy capacity to 220.10 GW as of March 31, 2025. The Ministry of New and Renewable Energy (MNRE) reports that solar energy contributed the most to this expansion, with 23.83 GW added in a single year, underscoring the sector’s dynamic growth and its reliance on advanced infrastructure. Additionally, data from Ember further highlights the rapid growth of renewables: since 2000, their share of global electricity has risen from 19% to over 30%, with solar and wind power expanding from 0.2% to a record 13.4% in 2023. Solar has become the main driver of electricity growth, adding more than twice as much new electricity generation as coal in 2023. For the nineteenth consecutive year, solar maintained its status as the fastest-growing electricity source and, for the second year running, surpassed wind as the largest contributor to new electricity generation.
Government-backed initiatives and international commitments are further amplifying the demand for specialized instrumentation cables. The Indian government’s ‘Panchamrit’ goals aim to achieve 500 GW of non-fossil fuel-based capacity by 2030, while the European Union’s REPowerEU Plan and China’s 14th Five-Year Plan for Renewable Energy set ambitious targets for renewable deployment. These policies not only encourage investment in new renewable projects but also emphasize the need for advanced automation and digitalization, both of which rely on high-performance instrumentation cabling.
Segment Analysis
The Instrumentation Cable Market has been segmented based on Type, Application, Conductor Material, Shielding, Jacket Material and Region.
The Instrumentation Cable Market segmentation, based on Type has been segmented into Twisted Pair Shielded, Twisted Pair Unshielded, Coaxial Cable, Multiconductor Cable and Fiber Optic Cable. Among these, the Twisted Pair Shielded segment is projected to dominate the Instrumentation Cable Market revenue through the projected period. Based on Application, the Instrumentation Cable Market is segmented into Industrial Automation, Process Control, Power Generation and Distribution, Oil and Gas, Aerospace and Defense and Others. Among these, the Industrial Automation segment is projected to dominate the market revenue through the period.
The Instrumentation Cable Market segmentation, based on Conductor Material has been segmented into Copper, Aluminum, Steel, Silver-Plated Copper and Tinned Copper. Among these, the Copper segment is projected to dominate the Instrumentation Cable Market revenue through the projected period. Based on Shielding, the Instrumentation Cable Market is segmented into Braid, Foil and Combination of Braid and Foil, among which, the Foil is projected to dominate the market revenue through the period.
The Instrumentation Cable Market segmentation, based on Jacket Material has been segmented into PVC, XLPE, FR-PVC, TPE and FEP. Among these, the PVC segment is projected to dominate the Instrumentation Cable Market revenue through the projected period.
Region Analysis
By Region, the Instrumentation Cable market is segmented into North America, Europe, Asia Pacific, South America, and MEA. The Asia Pacific Instrumentation Cable market holds considerable market share and is also forecasted to hold the largest share during the forecast period. The scale of business, cost competitiveness, and policy support make APAC the most dynamic region around instrumentation cabling.
Key Findings of the Study
- The Instrumentation Cable Market is expected to reach 10,007.34 million by 2035, at a CAGR of 4.3% during the forecast period.
- Asia Pacific accounted for the fastest-growing market.
- Based on Type, the Twisted Pair Shielded segment was attributed to holding the largest market in 2024.
- Based on Application, the Industrial Automation segment was attributed to holding the largest market in 2024.
- Based on Conductor Material, the Copper segment was attributed to holding the largest market in 2024.
- Based on Shielding, the Foil segment was attributed to holding the largest market in 2024.
- Based on Jacket Material, the PVC segment was attributed to holding the largest market in 2024.
- Belden Inc, Prysmian S.p.A, NEXANS, KEI Industries Limited, Thermo Cables, Tratos, Eland Cables, Top Cable, Allied Wire & Cable, Inc, Bahra Electric, Southwire Company, LLC and LS Cable & System Ltd. are the key market players.
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