Global Borehole Cable Market to Witness Rapid Growth Driven by Surge in Exploration Activities during the Forecast Period 2016-2024

Albany, New York, 27 April 2017: Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new market report to its ever-expanding online repository of market intelligence regarding the global borehole cable market. The research report is titled as “Borehole Cable Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”. The report provides a complete qualitative and quantitative analysis of every aspect of the industry.

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This report on the global borehole cables market discloses key details pertaining to the major segments and sub-segments of the market. Major market factors that are expected to have a significant impact on the overall development of the market at present as well as during the forecast period are precisely discussed in the report. Also, the effect of market drivers, restraints and trends on the market’s growth prospects during the forecast period are evaluated carefully. The study also provides in-depth insights into the competitive landscape of the market and highlights information about their strengths and weaknesses, financial details, products description, revenues, major technological advancements and involvement in activities such as acquisitions and mergers for some of the major companies operating in the global market. Beside this, the major market situations are scanned for growth opportunities and challenges across the globe.

According to the report, the global borehole cabling market is primarily driven by a rise in exploration activities in coal and other fossil fuels, oil and gas, minerals and water supply industries globally. A spike in construction of high-rise buildings, industrial utility facilities and submarine crossings, which involve a range of borehole and submersible cables, is also driving growth in the global borehole cabling market. The market has been examined from a geographical perspective for the regional markets in the following:

Asia Pacific
Europe
North America
Rest of the World

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Asia-Pacific is the largest market for the borehole cables globally, as it houses some of the biggest borehole cable manufacturers. A significant increase in mining and subsea exploration activities in North America and certain parts of Asia Pacific is anticipated to create growth opportunities for the global borehole cable market during the forecast period 2016 – 2024.

The global borehole market is highly competitive due to the presence of several multinational vendors. Some of the major companies operating in the global space include Grupo Condumex, Southwire, Far East Holding, Fujikura Ltd., General Cable, LS Cable & System, Polycab Group and Prysmian Group. Frequent introduction of latest innovations and technologically advanced products is the major strategy adopted by vendors to gain a competitive edge.

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This release was published on openPR.