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Pulished Date April, 2021
ID: 10200
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Downhole Cables Market Segmentation By type (Tubing Encapsulated Cable, Fiber Optic Cable, Electrical Submersible Pump Cable and others), by installation (Onshore and Offshore), by application (Oil and Gas Production, Data Collection, Well Monitoring, Powering Downhole Equipment, Instrumentation and Control and Pressure Sensing), and Region - Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 10200
Pages: 175

Downhole Cables Market Value and Growth Analysis:

Downhole cables are different types of cables employed in oil and gas production activities, designed to withstand extreme temperatures and pressures that are designed according to customer needs. pressure measurement, among other things, within a drilled well. Cables are employed to record data such as downhole pressure and temperature, to provide torque and power to downhole equipment such as drilling and motor, transmit drilling information such as rate of penetration (ROP), mud weight, ring pressure, and other information. Downhole cables are widely employed in the oil and gas industry because their unique construction of downhole cables allows them to be employed in harsh environments. These cables are mainly employed for data transmission. Drilling for oil and gas is one of the most complex jobs and requires a constant stream of data for smooth operation and control, and installing downhole cables does the same.

With the recovery of the oil and gas industry, the long-distance cable market is predicted to see healthy expansion for the foreseeable future. Drilling activities in the oil and gas industry are employed in a variety of applications including oil and gas extraction, well monitoring, and reservoir analysis. Technological advancements in drilling activities offer several advantages, such as lower drilling costs and expansion in oil and gas extraction. Various technological advancements, including Internet of Things (IoT) integration, data analysis tools, data collection equipment, and real-time well data, are employed in oil and gas processing. gas by oil and gas companies.

Downhole Cables Recent Developments in Industry:

HCL launches a new line of bottom cable protectors. HCL Clamping, the specialist in downhole clamping systems, introduces Smart Protector, the latest variety of polymer-based downhole cable protectors advanced in cooperation with Shell.

Downhole Cables Market Drivers

The oil and gas industry is a major driving force behind the world economy, with the expansion of a number of industries such as automotive, energy, construction, chemicals. and the navy, depending on the expansion of the respective industry. Following the oil price crash, crude prices stabilized somewhat, encouraging investment in new exploration and production (E&P) activities around the world. Escalating investment in oil and gas is predicted to be a major factor in the expansion of the global downhole cable market. Crude oil prices have recovered somewhat, prompting spending on new surveys and production activities worldwide. The expansion of oil and gas spending is estimated to be a main operating factor for the development of the long-distance cable market, an increase in oil and gas activity is predicted to generate an increase in the call for downhole cables. The offshore segment is predicted to see tremendous expansion in the market, given the escalating number of extensive licensed offshore projects around the world. An increase in the acquisition of IoT has been a significant trend and is believed to be dramatically changing the market for downhole cables, absorbing even more work into the system.

Restraints:

However, volatility in crude prices and rising geopolitical tensions between the United States and Iran are predicted to hamper the expansion of the oil and gas industry and the downhole cable market.

Opportunities in the Downhole Cables Market:

In terms of application, the offshore segment is predicted to see tremendous expansion in the worldwide downhole cable market, given the escalating number of sanctioned offshore projects around the world. The escalating adoption of IoT has been a significant trend and is predicted to significantly transform the market, incorporating even more features into the system.

Challenges:

The inconsistency in the cost of crude oil and the growing geopolitical tension between the United States and Iran are believed to hamper the expansion of the oil and gas industry, as well as the market for long-distance cables.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

9.82%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Global Downhole Cables Market are Prysmian Group (Italy), Halliburton (US), Schlumberger Limited (US), ABB (Switzerland), Fujikura Ltd (Japan), Galaxy Wire & Cable, Inc. (US), W. L. Gore & Associates, Inc. (US), Belden Inc. (US), Nexans (France), NKT A/S (Denmark), Marmon Holdings, Inc (US), Eland Cables (UK), WireCo WorldGroup Inc (US), TE Connectivity (Switzerland), and GEO Pressure Systems Inc (Canada)

Downhole Cables Market

Downhole Cables Market Segmentation:

By type:

  • Tubing Encapsulated Cable
  • Fiber Optic Cable
  • Electrical Submersible Pump Cable
  • Others

By installation:

  • Onshore
  • Offshore

By application:

  • Oil and Gas Production
  • Data Collection
  • Well Monitoring
  • Powering Downhole Equipment
  • Instrumentation
  • Control and Pressure Sensing

Escalated call for oil and gas has led to escalated studies and production of oil and gas around the world. Several oil and gas companies focus on researching and producing oil and gas around the world.

Downhole Cables Market Regional Analysis:

  • North America 
  • Europe
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa

North America is estimated to have the largest share of the market during the foreseen period due to escalated per capita energy consumption and oil and gas exploration and production (E&P) in the region. According to data from Baker Hughes International Rig Count, 2019, the number of rigs in North America escalated to 1,223 in 2018, up from 1,082 in 2017. Escalated oil and gas extraction and production Increases call for cable lines downhole as downhole cables, employed in various applications in oil and gas extraction, such as tank monitoring, downhole equipment feeding, and oil and gas production. Additionally, escalated oil and gas exploration and production is predicted to drive expansion call for downhole cables in North America during the foreseen period. Europe and North America are predicted to dominate market share in the worldwide market given the high level of exploration and production activity in the Gulf of Mexico and the North Sea. The Middle East and Africa area is predicted to see strong expansion in the worldwide downhole cable market given escalating foreign investment on the west coast of Africa and along the Persian Gulf. The Middle Eastern countries are also predicted to generate significant call for downhole cables due to the large number of oil and gas fields in operation in the region. The South Asia region is predicted to post a healthy expansion rate, driven by investments in countries such as India, Indonesia, Malaysia, Australia and Vietnam. China and South Korea are escalating their participation in offshore and onshore projects to reduce the gap between supply and call for crude oil in the region, which is predicted to have a positive impact on the expansion of the downhole cable market in the next few years.

Downhole Cables Market Key Players:

The Prominent Players in the Global Downhole Cables Market are Prysmian Group (Italy), Halliburton (US), Schlumberger Limited (US), ABB (Switzerland), Fujikura Ltd (Japan), Galaxy Wire & Cable, Inc. (US), W. L. Gore & Associates, Inc. (US), Belden Inc. (US), Nexans (France), NKT A/S (Denmark), Marmon Holdings, Inc (US), Eland Cables (UK), WireCo WorldGroup Inc (US), TE Connectivity (Switzerland), and GEO Pressure Systems Inc (Canada).  

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Downhole Cables Market, By Type                

                             6.1.1 Tubing Encapsulated Cable            

                             6.1.2 Fiber Optic Cable 

                             6.1.3 Electrical Submersible Pump Cable             

                             6.1.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.5 Y-o-Y Growth Rate Analysis            

                             6.1.6 Market Attractiveness Index          

              6.2 Downhole Cables Market, By Application                   

                             6.2.1 Oil and Gas Production     

                             6.2.2 Data Collection     

                             6.2.3 Well Monitoring   

                             6.2.4 Powering Downhole Equipment   

                             6.2.5 Instrumentation  

                             6.2.6 Control and Pressure Sensing        

                             6.2.7 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.8 Y-o-Y Growth Rate Analysis            

                             6.2.9 Market Attractiveness Index          

              6.3 Downhole Cables Market, By Installation                   

                             6.3.1 Tubing Encapsulated Cable            

                             6.3.2 Fiber Optic Cable 

                             6.3.3 Electrical Submersible Pump Cable             

                             6.3.4 Market Size Estimations & Forecasts (2019-2024) 

                             6.3.5 Y-o-Y Growth Rate Analysis            

                             6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Type    

                             7.2.3 By Application      

                             7.2.4 By Installation      

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Type    

                             7.3.3 By Application      

                             7.3.4 By Installation      

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Type    

                             7.4.3 By Application      

                             7.4.4 By Installation      

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Type    

                             7.5.3 By Application      

                             7.5.4 By Installation      

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Type    

                             7.6.3 By Application      

                             7.6.4 By Installation      

8. Key Player Analysis                                

              8.1 Prysmian Group                     

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Halliburton               

              8.3 Schlumberger Limited                         

              8.4 ABB Ltd                      

              8.5 Fujikura Ltd              

              8.6 Galaxy Wire & Cable, Inc                    

              8.7 W. L. Gore & Associates, Inc              

              8.8 Belden Inc                 

              8.9 Nexans                      

              8.10 TE Connectivity                    

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Downhole Cables Market By Region, From 2021-2026 ( USD Billion )

  2. Global Downhole Cables Market By Type, From 2021-2026 ( USD Billion )

  3. Global Tubing Encapsulated Cable Market By Region, From 2021-2026 ( USD Billion )

  4. Global Fiber Optic Cable Market By Region, From 2021-2026 ( USD Billion )

  5. Global Electrical Submersible Pump Cable Market By Region, From 2021-2026 ( USD Billion )

  6. Global Downhole Cables Market By Application, From 2021-2026 ( USD Billion )

  7. Global Oil and Gas Production Market By Region, From 2021-2026 ( USD Billion )

  8. Global Data Collection Market By Region, From 2021-2026 ( USD Billion )

  9. Global Well Monitoring Market By Region, From 2021-2026 ( USD Billion )

  10. Global Powering Downhole Equipment Market By Region, From 2021-2026 ( USD Billion )

  11. Global Instrumentation Market By Region, From 2021-2026 ( USD Billion )

  12. Global Control and Pressure Sensing Market By Region, From 2021-2026 ( USD Billion )

  13. Global Downhole Cables Market By Installation, From 2021-2026 ( USD Billion )

  14. Global Tubing Encapsulated Cable Market By Region, From 2021-2026 ( USD Billion )

  15. Global Fiber Optic Cable Market By Region, From 2021-2026 ( USD Billion )

  16. Global Electrical Submersible Pump Cable Market By Region, From 2021-2026 ( USD Billion )

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