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Oil & Gas Downhole Cables Market To Make Great Impact In Near Future by 2027

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Growing Focus on Improving Functional and Physical Properties of Downhole Cables to Impact Market Growth

The energy sector around the world is witnessing a significant transformation due to advancements in technology, evolving regulations, and shift toward sustainability. The oil & gas sector in particular is also undergoing notable changes in terms of how onshore as well as offshore applications are carried out. The need to modernize cable systems and communication infrastructure in the oil & gas sector has played an important role in inflating the demand for oil & gas downhole cables in recent years. Oil & gas companies are continually finding new ways to smoothen drilling, communications, and other applications. Companies in the oil & gas sector are increasingly leveraging automation/control architecture, IPTV/CCTV/CATV networks, and other advanced systems for an array of applications.

For several decades in the past, the oil & gas industry is finding new solutions that withstand hostile conditions and provide an efficient end-to-end communication. Stakeholders in the oil & gas downhole cables market are primarily focusing on improving quality, reliability, and data integrity of their products to meet the requirement of end users. In addition, participants in the oil & gas downhole cables market are also inclined toward reducing the weight and improving the overall flexibility of their cables. The significant growth in the production of unconventional oil & gas, discovery of new oil & gas fields, and advancements in technology are some of the major factors that are expected to drive the global oil & gas downhole cables market past ~US$ 2.1 Bn mark by the end of 2027.

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High Adoption of Tubing Encapsulated Cables

The demand for tubing encapsulated cables is projected to remain higher than that of fiber optic cables during the forecast period. Tubing encapsulated cables are extensively being used across the global oil & gas sector worldwide for a range of applications, including monitoring the pressure, temperature, and multiple other parameters in oil wells. In addition, tubing encapsulated cables are primarily deployed in long-term applications wherein durability is critical. In the current scenario, tubing encapsulated cables made from polypropylene have gained a significant amount of popularity due to the exceptional survivability of the cable. Stakeholders in the oil & gas downhole cables market are more inclined toward the production of round encapsulated cables in comparison to the square counterpart to reduce weight and wastage of raw materials. Participants in the oil & gas downhole cables market are also expected to focus on an array of other parameters, including crush strength, dynamic friction, cross-sectional twisting, and deployment & retrieval, among others.

Growing Applications of Sensors in Oil & Gas Applications to Augment Demand for Fiber Optic Cables

While the demand for tubing encapsulated cables is set to witness healthy growth during the forecast period, the demand for fiber optic cables is set to grow at a faster pace. Deployment of fiber optic cables across the oil & gas industry has gained significant momentum in the past few years and the trend is set to continue over the course of the forecast period. Stakeholders in the current market landscape are increasingly offering customized fiber optic cables to fulfill specific applications of end users. The deployment of fiber optic cables is witnessing a considerable surge, particularly for application in hostile environmental and working conditions.

Moreover, oil & gas companies are inclining toward the use of fiber optic cables in oil wells and pipelines for various applications, including temperature sensing and strain sensing. Stakeholders are also focusing on improving the physical and functional aspects of their products for deployment in corrosive, high pressure, high-temperature environments. The ascending demand for sensors in the oil & gas industry has played an important role in increasing the demand for oil & gas downhole cables such as fiber optic cables. The different types of sensors, including distributed strain sensors, distributed acoustic sensors, distributed pressure sensors, distributed temperature sensors, and ocean bottom seismic make use of fiber optic cables. In addition, increasing number of oil & gas companies are inclined toward leveraging the benefits of optic installation to enhance their operational performance and accuracy.

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Oil & Gas Downhole Cables Market: Overview

  • Oil and gas downhole cables are introduced into a well in order to deliver and retrieve data about conditions of the wellbore
  • Oil and gas downhole cables supply power and carry data to and fro from a wide range of downhole instruments, sensors, and electrically powered equipment. These cables are required to withstand extreme conditions such as high pressures and temperatures.
  • Oil and gas downhole cables are of different types i.e. tubing encapsulated cables (TECs), fiber optic cables, hybrid cables, and electric submersible pump (ESP) cables


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