Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.58 Billion | USD 17.10 Billion | 7.12% | 2024 |
FrequentlyAsked Questions
Industrial automation cables are specialized electrical and communication cables designed to withstand the harsh industrial environment and transmit power and data for automated systems.
The industrial automation cable market is expected to be driven by increasing factory automation investments, rising implementation of IIoT technologies, growing demand for reliable industrial connectivity solutions, technological advancements in cable design, and expansion of innovative manufacturing initiatives across global industries.
According to our study, the global industrial automation cable market was worth around USD 8.58 billion in 2024 and is predicted to grow to around USD 17.10 billion by 2034.
The CAGR value of the industrial automation cable market is expected to be around 7.12% during 2025-2034.
The global industrial automation cable market will register the highest growth in Asia Pacific during the forecast period.
Key players in the industrial automation cable market include Belden Inc., Prysmian Group, Nexans, Southwire Company, LLC, Lapp Group, Anixter International (WESCO International), TPC Wire & Cable Corp., Helukabel GmbH, SAB Bröckskes GmbH & Co. KG, Leoni AG, Eland Cables, Lutze Inc., Sumitomo Electric Industries, Ltd., TE Connectivity, Alpha Wire, General Cable (Prysmian Group), Encore Wire Corporation, Hitachi Metals, Ltd., Allied Wire & Cable, and Teldor Cables.
The report comprehensively analyzes the industrial automation cable market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, and the evolving landscape of cable specifications, performance requirements, and application demands shaping the industrial automation ecosystem.
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