Market Overview:
The global oil and gas downhole cables market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for oil and gas across the globe. Additionally, the rising investment in exploration and production activities is also propelling the growth of this market. The global oil and gas downhole cables market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into tubing sealed cable (TEC), optic fibre cable, hybrid cable, ESP cable, and other types. The TEC segment is expected to hold a major share in this market owing to its properties such as high pressure resistance and low thermal expansion coefficient.
Product Definition:
Oil and Gas Downhole Cables are wires that are used to transmit power or signals from the surface to downhole tools or equipment in an oil or gas well. They are often used in drilling operations to power drill bits, circulate drilling fluid, and measure various parameters such as depth, inclination, and temperature.
Tubing Sealed Cable (TEC):
TEC is a type of downhole cable that is used to transmit data and power from the surface to the well. It consists of two conductors, one of which is coated with an insulation material (insulation) while the other one is bare copper. The insulated conductor carries electric current in a straight line while the bare conductor makes an S-shaped curve through magnetic fields as it travels through rock layers.
The primary function of TEC includes providing electrical power.
Optic Fibre Cable:
Optic fibres are flexible transparent cables made up of high-quality glass and plastic that operate in the visible light region. They are used for transmitting data and power from one point to another inside an oil or gas well. The optic fibres cable consists of a central conductor wire, surrounded by insulation on all sides except for the end, which is sealed with a protective outer sheath.
Application Insights:
The oil and gas production segment dominated the global downhole cables market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing production activities in mature regions coupled with growing demand for onshore and offshore facilities across the globe. Furthermore, technological advancements such as advanced fiber optic technology coupled with electric power provide a cost-effective solution while drilling or while circulating oil & gas wells are expected to drive industry growth over the forecast period.
The data collection segment is anticipated to witness significant growth during the forecast period owing to rising demand from exploration and Production (E&P) companies for deploying advanced tools while drilling or recompleting existing wells that require long-distance deployment of sensors/cameras etc., These factors are projecteded drive industry expansion at a CAGR of XX% from 2018 to 2030.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas producing countries such as the U.S., Canada, and Mexico. The region is expected to maintain its dominance over the forecast period due to increasing investments in unconventional development activities such as shale plays, tight sands, coal bed methane hydrate resources etc.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government spending on exploration & production activities for meeting energy demands coupled with rising FDI flow from various companies operating in this sector including Sinopec Corporation; China National Offshore Oil Corporation (CNOOC); Total S.A.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in exploration and production activities
- Technological advancements in downhole cables that improve performance and reliability
- Growing use of downhole cables in unconventional drilling applications
- Expansion of the global cable manufacturing base
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Downhole Cables Market Research Report
By Type
Tubing Sealed Cable (TEC), Optic Fibre Cable, Hybrid Cable, ESP Cable, Other
By Application
Oil and Gas Production, Data Collection, Well Monitoring, Electric Underground Equipment, Instrumentation and Control, Other
By Companies
Prysmian Group, Eland Cables, Nexans Group, NKT A/S, ABB, Marmon Group (Berkshire Hathaway), W. L. Gore & Associates, Inc., Belden Inc., LS Group, AFL, ZTT, Tratos, Texcan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Downhole Cables Market Report Segments:
The global Oil and Gas Downhole Cables market is segmented on the basis of:
Types
Tubing Sealed Cable (TEC), Optic Fibre Cable, Hybrid Cable, ESP Cable, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Production, Data Collection, Well Monitoring, Electric Underground Equipment, Instrumentation and Control, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Prysmian Group
- Eland Cables
- Nexans Group
- NKT A/S
- ABB
- Marmon Group (Berkshire Hathaway)
- W. L. Gore & Associates, Inc.
- Belden Inc.
- LS Group
- AFL
- ZTT
- Tratos
- Texcan
Highlights of The Oil and Gas Downhole Cables Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tubing Sealed Cable (TEC)
- Optic Fibre Cable
- Hybrid Cable
- ESP Cable
- Other
- By Application:
- Oil and Gas Production
- Data Collection
- Well Monitoring
- Electric Underground Equipment
- Instrumentation and Control
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Downhole Cables Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil and gas downhole cables are used to transmit data and power between the surface and the well. They are made of a variety of materials, including steel, copper, plastic, and fiberglass.
Some of the major players in the oil and gas downhole cables market are Prysmian Group, Eland Cables, Nexans Group, NKT A/S, ABB, Marmon Group (Berkshire Hathaway), W. L. Gore & Associates, Inc., Belden Inc., LS Group, AFL, ZTT, Tratos, Texcan.
The oil and gas downhole cables market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Downhole Cables Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Oil and Gas Downhole Cables Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Oil and Gas Downhole Cables Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Oil and Gas Downhole Cables Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Oil and Gas Downhole Cables Market Size & Forecast, 2018-2028 4.5.1 Oil and Gas Downhole Cables Market Size and Y-o-Y Growth 4.5.2 Oil and Gas Downhole Cables Market Absolute $ Opportunity
Chapter 5 Global Oil and Gas Downhole Cables Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil and Gas Downhole Cables Market Size Forecast by Type
5.2.1 Tubing Sealed Cable (TEC)
5.2.2 Optic Fibre Cable
5.2.3 Hybrid Cable
5.2.4 ESP Cable
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil and Gas Downhole Cables Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil and Gas Downhole Cables Market Size Forecast by Applications
6.2.1 Oil and Gas Production
6.2.2 Data Collection
6.2.3 Well Monitoring
6.2.4 Electric Underground Equipment
6.2.5 Instrumentation and Control
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Downhole Cables Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil and Gas Downhole Cables Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil and Gas Downhole Cables Analysis and Forecast
9.1 Introduction
9.2 North America Oil and Gas Downhole Cables Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil and Gas Downhole Cables Market Size Forecast by Type
9.6.1 Tubing Sealed Cable (TEC)
9.6.2 Optic Fibre Cable
9.6.3 Hybrid Cable
9.6.4 ESP Cable
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil and Gas Downhole Cables Market Size Forecast by Applications
9.10.1 Oil and Gas Production
9.10.2 Data Collection
9.10.3 Well Monitoring
9.10.4 Electric Underground Equipment
9.10.5 Instrumentation and Control
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil and Gas Downhole Cables Analysis and Forecast
10.1 Introduction
10.2 Europe Oil and Gas Downhole Cables Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil and Gas Downhole Cables Market Size Forecast by Type
10.6.1 Tubing Sealed Cable (TEC)
10.6.2 Optic Fibre Cable
10.6.3 Hybrid Cable
10.6.4 ESP Cable
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil and Gas Downhole Cables Market Size Forecast by Applications
10.10.1 Oil and Gas Production
10.10.2 Data Collection
10.10.3 Well Monitoring
10.10.4 Electric Underground Equipment
10.10.5 Instrumentation and Control
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil and Gas Downhole Cables Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil and Gas Downhole Cables Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil and Gas Downhole Cables Market Size Forecast by Type
11.6.1 Tubing Sealed Cable (TEC)
11.6.2 Optic Fibre Cable
11.6.3 Hybrid Cable
11.6.4 ESP Cable
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil and Gas Downhole Cables Market Size Forecast by Applications
11.10.1 Oil and Gas Production
11.10.2 Data Collection
11.10.3 Well Monitoring
11.10.4 Electric Underground Equipment
11.10.5 Instrumentation and Control
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil and Gas Downhole Cables Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil and Gas Downhole Cables Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil and Gas Downhole Cables Market Size Forecast by Type
12.6.1 Tubing Sealed Cable (TEC)
12.6.2 Optic Fibre Cable
12.6.3 Hybrid Cable
12.6.4 ESP Cable
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil and Gas Downhole Cables Market Size Forecast by Applications
12.10.1 Oil and Gas Production
12.10.2 Data Collection
12.10.3 Well Monitoring
12.10.4 Electric Underground Equipment
12.10.5 Instrumentation and Control
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil and Gas Downhole Cables Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil and Gas Downhole Cables Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil and Gas Downhole Cables Market Size Forecast by Type
13.6.1 Tubing Sealed Cable (TEC)
13.6.2 Optic Fibre Cable
13.6.3 Hybrid Cable
13.6.4 ESP Cable
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil and Gas Downhole Cables Market Size Forecast by Applications
13.10.1 Oil and Gas Production
13.10.2 Data Collection
13.10.3 Well Monitoring
13.10.4 Electric Underground Equipment
13.10.5 Instrumentation and Control
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil and Gas Downhole Cables Market: Competitive Dashboard
14.2 Global Oil and Gas Downhole Cables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prysmian Group
14.3.2 Eland Cables
14.3.3 Nexans Group
14.3.4 NKT A/S
14.3.5 ABB
14.3.6 Marmon Group (Berkshire Hathaway)
14.3.7 W. L. Gore & Associates, Inc.
14.3.8 Belden Inc.
14.3.9 LS Group
14.3.10 AFL
14.3.11 ZTT
14.3.12 Tratos
14.3.13 Texcan