Asia Pacific is expected to witness substantial growth. Increasing demand for these products from emerging economies is likely to drive regional growth. India control cable market size is forecast to be one of the most attractive regions owing to existence of numerous independent manufacturers that specialize in manufacturing and designing of products. Product innovation accompanied by technological advancements across various segments is predicted to positively impact industry growth over the next seven years.
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Control cable market is forecast to experience substantial growth prospects from 2016 to 2023. Surging significance in numerous industry sectors such as automation and process control systems is likely to propel demand. U.S. control cable market share is anticipated to record considerable growth rates over the forecast period.
These are mainly designed to be used as interconnecting cable in various industry applications. Increasing demand for these products from the building & construction industry as well as rail & transport networks is likely to drive control cable market growth over the next seven years.
YY control cable market finds application in light mechanical stress areas due to their versatile nature. These are suited in various environments such as in outdoor applications when dry & protected and also for indoor applications in moist conditions. They are also usually used in space saving installations on account of small diameter. Major applications include conveyor systems, production lines, machine tool manufacturing, and air conditioning systems. They can be used in fixed installations or flexible use, with the latter preferred mainly in production lines.
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These multi core products are flexible and have class five copper conductors. They operate at 300V or 500V voltage ratings and are available in low smoke zero halogen and PVC versions. The aforementioned features are likely to drive control cable market demand over the forecast period.
On the basis of energy chain, the industry can be segregated into PUR, PVC, and TPE. PVC (Polyvinyl chloride) cables have outer jacket covering. PUR (Polyurethane) have PUR outer jacket and have minimum bending radius of 5 to 12.5 x cable diameter. TPE (Thermoplastic Elastomers) have TPE outer coating and minimum bending radius ranges from 4 to 5 x diameter.
Escalating demand from specialized applications such as marine, agricultural, construction plant, bulk handling equipment, motor sport, and road transport industries is predicted to positively impact control cable market size from 2016 to 2023.