Cable Glands Market - Global Industry Analysis

Cable Glands Market

Cable Glands Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Heavy Industry Report Format : PDF Report Code: ZMR-6855 Status : Upcoming

Description

Global Cable Glands Market: Overview

Cable glands allow the facilitation of barrier penetration along with sealing protection. It is a device innovated to secure and attach the ends of electrical cable to the equipment. These are also referred to as sealing glands. They are widely used in signaling & power cables, wires, and probes. Manufacturer facilities offer a wide range of cable glands depending on pressure range, type of cables, cable size, and mode of utilization. These cables are designed with a round surface and smooth external texture to prevent the collection of foreign contaminants like dust and bacteria. Cable glands do not have bare bolting threads or sharp edges. This surge can be easily washed with a steam jet or water owing to the smooth surface finish.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Cable Glands Market: Growth Factors

The global cable glands market is projected to reach $2227.2 billion during the forecast period with a healthy CAGR of 6.1%. The significant spike in construction operations is the major factor expected to fuel the demand for cable glands in the forthcoming years. Cable glands are widely used in power conductors in buildings, electric panels, and junction boxes. Therefore, the surge in the construction of new buildings and renovation activities is likely to uptick the growth of the global cable glands market exponentially. Additionally, the upgradation and renewal activities undertaken by the government along with the surge in the real estate sector will further complement the market growth. Continuous growth and demand for energy & power in the developing and developed regions will offer huge opportunities for market expansion globally. Regions like Romania, Bulgaria, Laos, and others are increasing the investment limits to promote the development of industrial sectors. Also, financing in these developing countries will also help in boosting the national economy. However, the growing investments globally are likely to tap on the undiscovered avenues in the global cable glands market. The outbreak of the Covid-19 halted the market operations and resulted in new challenges for supply chain members and manufacturers globally. Vendors faced shortages and price fluctuations in raw material supply, but the market is expected to see a speedy recovery in the forthcoming years due to the growing initiatives by market leaders in the development of the market.

Global Cable Glands Market: Segmentation

The global cable glands market can be segmented into material, cable, end-user, type, and region.

By material, the market can be segmented into nylon, stainless steel, brass, and others.

By cable, the market can be segmented into unarmored and armored. The armored cables segment holds the largest share in the global market as they contain a single outer seal and can be widely utilized for cabling without the need for bedding under it.

By end-user, the market can be segmented into chemical, manufacturing & processing, aerospace, defense, mining, oil & gas, and others.

By type, the market can be segmented into hazardous and industrial. The industrial segment accounts for the largest share in the global market due to the growing industrialization globally.

Global Cable Glands Market: Regional analysis

Asia Pacific is leading the global cable glands market due to the rapid growth in the aerospace, defense, electronics, petrochemical, steel, and automotive sectors that require these cable glands in bulk. Additionally, they are preferred because of their cable guarding, insulation, bonding, earthing, and proper transmission of power features. Further, market is also driven by the growing industrialization and urbanization in growing economies like India and China. Also, the region is rich in chemicals, refineries, and mines. Therefore, it is expected to witness huge demand for industrial equipment like cable glands in the forthcoming years.

Global Cable Glands Market: Competitive Players

Some of the significant players in the global cable glands market include Jacob GmbH, CMP Products Limited, Bartec Group, Cortem Group, ABB Ltd., Eaton Corporation PLC, 3M, Amphenol Corporation, Emerson Electric Co., and Hubbell Incorporated.

Global Cable Glands Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

 

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FrequentlyAsked Questions

The global cable glands market is projected to reach $2227.2 billion during the forecast period with a healthy CAGR of 6.1%. The significant spike in construction operations is the major factor expected to fuel the demand for cable glands in the forthcoming years. Cable glands are widely used in power conductors in buildings, electric panels, and junction boxes.

Some of the significant players in the global cable glands market include Jacob GmbH, CMP Products Limited, Bartec Group, Cortem Group, ABB Ltd., Eaton Corporation PLC, 3M, Amphenol Corporation, Emerson Electric Co., and Hubbell Incorporated.

Asia Pacific is leading the global cable glands market due to the rapid growth in the aerospace, defense, electronics, petrochemical, steel, and automotive sectors that require these cable glands in bulk. Additionally, they are preferred because of their cable guarding, insulation, bonding, earthing, and proper transmission of power features.

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