Borehole Cable Market – Industry Shares, Market Strategies And Key Players

Borehole cables are specialized cables designed and developed to cope with the extremely tough geological conditions typical to downhole areas, particularly high pressures, temperatures, inhospitable chemical conditions, and physical constraints imposed by borehole geometry. Particular attention is given to developing cables that are strong enough to support their own weight for long vertical drops, are resistant to high impact, and can adhere to the several safety requirements that are usually associated with heavy industries.

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Some of the key characteristics that borehole cables typically possess are chemical resistance, fire resistance, non-toxicity (essential when operating in potable water boreholes), rodent resistance, and lightening resistance.

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The global borehole cabling market is chiefly driven by a surge in exploration activities in the oil and gas, coal and other fossil fuels, minerals, and water supply industries across the globe. The increased rate of construction of structures such as high-rise buildings, industrial utility facilities, and submarine crossings, which also involve a variety of borehole and submersible cables, is also a major factor driving the global borehole cabling market.

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One of the most lucrative end-use sectors for the global borehole cabling market is the offshore drilling industry. From drilling typically more than 5,000 feet below the surface to pipelines that are spread across many landscapes to the intense conditions faced in the process of refining, the offshore drilling market presents the need for highly specialized borehole cables.

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