Report Description Table of Contents The oil & gas armored cable market was worth USD 13.75 billion in 2023 and will be worth USD 20.62 billion by 2030, growing at a CAGR of 5.2% during the forecast period. The oil & gas armored cable market is also growing due to the rising need for cables that can operate efficiently in highly risky such as oil and sea drilling, oil refineries, and other hazardous places. The global oil and gas industry is expected to witness further investments in exploration and extraction, particularly in offshore drilling, which contributes over 30% of global oil production. Such signals require armored cables, which are developed specifically to maintain their structural integrity and to operate appropriately in various climates, physically abusive environments, and under conditions of substantial corrosive attack. For instance, the increasing trend in paying more attention to deepwater and ultra-deep water projects in locations such as the Gulf of Mexico and the North Sea needs cables that can comfortably work under high pressure and underwater environments. These advancements help to meet the emergent need for cables to have a longer life in upstream and downstream activities in the oil and gas industry, thereby driving the market. The Oil & Gas Armored Cable market holds immense growth potential, exhibited by the rising interest in offshore and onshore oil exploration. More than 30% of crude is produced offshore, and there are signs that offshore, particularly the ability for drills at deeper levels, will grow further in fields such as the Gulf of Mexico and offshore West Africa. These growths lead to the need to use armored cables that are enduring in severe conditions, high or even pressure, and sometimes need to work in extreme temperatures. The latest improvements in the armored cable are improved corrosion protection and fire resistance; this identifies those cables for use in deep water environments and high heat temperature oil production fields. For instance, in the Middle East, drilling projects initiating new projects are optionally using armor cables that supply power and data with the most effective method of functionality and safety in highly corrosive regions. This increasing trend towards safety and reliability creates greater opportunities for armored cable manufacturers in the oil and gas industry. Market Segmentation By Type: Power Cables Control Cables Instrumentation Cables Data Cables By Material: Aluminum Stainless Steel Galvanized Steel By End-Use: Onshore Oil & Gas Production Offshore Oil & Gas Production Refining & Processing Pipeline Infrastructure By Application: Power Transmission Telecommunication Data Transfer Instrumentation and Control By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA North America leads the Oil & Gas Armored Cable market due to the high investment in the exploration and production of O&G onshore and offshore. The United States produces about 18 million barrels of oil daily and ranks among the world's top oil producers, and the Gulf of Mexico is a hub of Offshore Oil drilling. It also demands armored cables with high production capacity that can withstand the challenging conditions of deepwater drilling, high and low temperatures, and corrosive atmospheres. A recent development uses superior armored cables in new deepwater installations in the Gulf of Mexico for power and data transmission. These cables are intended for use in extreme environments, thus boosting operation efficiency and safety. Also, the continuous development of infrastructure for the U.S. shale industry also burdens the armor requirement of cables, contributing to the North American dominance in the global market. Key Players Nexans S.A. Prysmian Group Belden Inc. Southwire Company, LLC General Cable LS Cable & System Ltd. ABB Ltd. Sumitomo Electric Industries, Ltd. TPC Wire & Cable Corp. ZTT International Limited Frequently Asked Question About This Report . Table of Contents 1. OIL & GAS ARMORED CABLE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. OIL & GAS ARMORED CABLE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – OIL & GAS ARMORED CABLE MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Type of Oil & gas armored cable and End Use Outlook Analysis 4. HISTORIC TRENDS IN OIL & GAS ARMORED CABLE MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023) 6.2. North America Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 6.3.1. Power Cables 6.3.2. Control Cables 6.3.3. Instrumentation Cables 6.3.4. Data Cables 6.4. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Material 6.4.1. Aluminum 6.4.2. Stainless Steel 6.4.3. Galvanized Steel 6.5. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Power Transmission 6.5.2. Telecommunication 6.5.3. Data Transfer 6.5.4. Instrumentation and Control 6.6. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 6.6.1. Onshore Oil & Gas Production 6.6.2. Offshore Oil & Gas Production 6.6.3. Refining & Processing 6.6.4. Pipeline Infrastructure 6.7. North America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 8.4. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByMaterial 8.5. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 8.7. Europe Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 9.4. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByMaterial 9.5. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByApplication 9.6. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 9.7. APAC Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA OIL & GAS ARMORED CABLE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Oil & gas armored cable Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Oil & gas armored cable Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Type 10.4. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByMaterial 10.5. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), ByApplication 10.6. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 10.7. Latin America Oil & gas armored cable Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. NEXANS S.A. 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Prysmian Group 11.3. Belden Inc. 11.4. Southwire Company, LLC 11.5. General Cable 11.6. LS Cable & System Ltd. 11.7. ABB Ltd. 11.8. OTHER MARKET PLAYERS