Thermoplastic Sheathed Cable Market by Type (Flat, Round), by End-User (Residential Houses, Commercial Buildings, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Thermoplastic Sheathed Cable Market market was valued at USD 155 USD Million in 2023 and is projected to reach USD 223.98 USD Million by 2032, with an expected CAGR of 5.4% during the forecast period. TPS stands for Thermoplastic Sheathed Cable and this cable contains insulation and protection materials which are made of thermoplastic. This type of cable is used commonly for both indoor and outdoor wiring and in domestic, commercial as well as industrial applications. TPS cables are provided in single-core and multicore construction, twin-core and three-core and with the option of an earthing conductor. Some features that define them include moisture, chemical and abrasion resistance making them amicable to different terrains. These cables are, in addition, flexible and can easily be incorporated into applications for safe transmission of power. Some of the uses are in houses, offices as well as light industrial buildings because the insulation and the strength are crucial factors in ensuring safe usage and performance of the wiring system.
Thermoplastic Sheathed Cable Market Trends
1. Growing Adoption of Renewable Energy Sources: The surge in solar, wind, and hydropower installations necessitates high-quality cabling solutions capable of withstanding harsh environmental conditions. Thermoplastic sheathed cables offer excellent electrical insulation and protection against moisture and UV radiation, making them ideal for these applications.
2. Smart Grid Development: Advancements in smart grid technologies require robust and reliable cables for data transmission and power distribution. Thermoplastic sheathed cables meet these requirements with their high flexibility, low-temperature resistance, and enhanced signaling capabilities.
3. Urbanization and Infrastructure Expansion: Rapid urbanization and growing populations lead to increased demand for electricity, driving the expansion of electrical infrastructure. Thermoplastic sheathed cables play a vital role in urban power distribution systems due to their easy installation and durability.
1. Key Region:
2. Key Segments:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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