Global Cable Glands Market, By Type (Industrial, Hazardous, Increased Safety, Flameproof, Electromagnetic Compatibility, Others), Cable Type (Armored, Unarmored), Material (Brass, Stainless Steel, Plastic/Nylon, Others), End-User (Oil and Gas, Mining, Aerospace and Defense, Manufacturing and Processing, Chemical, Others), Application (Industry, Extreme Outdoor Environment), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Cable Glands Market
Growth and expansion of semiconductors industry especially in the emerging ones, growing usage of cable glands by the small and medium scale enterprises in the developing economies, surging awareness about the benefits of cable glands, upgrading and revitalization of existing networks, growth in automation sector, rising up gradation of existing infrastructure with advanced systems and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of cable glands market. Data Bridge Market Research analyses that the cable glands market will exhibit a CAGR of 7.16% for the forecast period of 2022-2029. Therefore, the cable glands would rocket up to USD 3,712.58 million by 2029.
Cable glands are the devices that are used to secure the end of the electrical cable. Single compression, double compression, and flexible hose are the common types of cable glands available in the market. Cable glands protect the sensitive electrical wiring as they are made from metallic and non-metallic materials.
Rising demand from the buildings and construction industry and growth in the demand for effective and efficient cable management systems will emerge as the major market growth driving factors. Upgrading and renewal of existing networks, rising government initiative to support regional connectivity, increasing product innovations, rising use of cable glands in military and aerospace applications, and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies, supportive administration commissions and surging use of cables glands in oil and gas industries will further carve the way for the growth of the market.
However, high costs associated with the research and development proficiencies and high time required for installing cable glands will act as growth restraints for the market. Also, stringent regulatory framework in the developing economies and design complexities and expensive operations will further dampen the growth rate of the market. Large scale technological and infrastructural limitations, lack of flexibility and dearth of awareness and skilled professionals in the underdeveloped regions and backward economies will further challenge the market growth rate.
This cable glands market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cable glands market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cable Glands Market Scope and Market Size
The cable glands market is segmented on the basis of type, cable type, end-user, application and material. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the cable glands market is segmented into industrial, hazardous, increased safety, flameproof, electromagnetic compatibility and others.
- Based on cable type, the cable glands market is divided into armored and unarmoured.
- The material segment of the cable glands market is divided into aluminium, brass, plastic or polymer and stainless steel.
- The end-user segment of the cable glands market is divided into oil and gas, mining, aerospace and defense, manufacturing and processing, chemical and others.
- Based on application, the cable glands market is divided into industry and extreme outdoor environment.
Cable Glands Market Country Level Analysis
The cable glands market is analysed and market size, volume information is provided by country, type, cable type, end-user, application and material as referenced above.
The countries covered in the cable glands market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the global cable glands market owing to the growing demand from the construction, manufacturing, and oil and gas industries. Asia-Pacific will score the highest growth rate owing to the presence of electric vehicle manufacturing companies, growing construction of residential and commercial buildings, increasing research and development investments towards technology and product development, surging adoption of advanced technologies by small and medium scale enterprises, government regulations towards conserving the environment and growing number of manufacturing industries.
The country section of the cable glands market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cable Glands Market Share Analysis
The cable glands market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cable glands market.
Some of the major players operating in the cable glands market are TE Connectivity, Sealcon, LLC, R. STAHL AG, Hubbell Incorporated., Jacob GmbH, Elsewedy Electric, Emerson Electric Co., Cortem S.p.A., ABB, Eaton, CMP Products Limited, Amphenol Industrial Products Group, Bartec India Private Limited, Metalmech Engineering, GIE Cable Glands, Comet Glands, Framech Industries, Flucon Components Private Limited and ATLAS Metal Industries Pvt. Ltd., among others.
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