Cable Glands Market – Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segment Analysis

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The Cable Glands Market size was valued at USD 1.89 Bn in 2023 and market revenue is growing at a CAGR of 5.3 % from 2023 to 2030, reaching nearly USD 2.71 Bn by 2030.

Cable Glands Market Overview:

The cable gland becoming a crucial component in cable management systems across various industries. Primarily used to attach and secure electrical cables to equipment, cable glands offer strain relief and facilitate electrical connections, including armor or braid, and lead or aluminum sheath integration. This Cable Glands Market growth is driven by the increasing demand for cable management solutions, boosted by infrastructure development, particularly in emerging economies. The telecom sector's advancement further amplifies the necessity for cable glands to support data transfer cables. The automotive industry's growth, particularly in electric vehicles, and increasing manufacturing and process industries' activities contribute significantly to market demand. Development of smart grids and ongoing exploration in the oil and gas sector. Creates lucrative growth opportunities for the Cable Glands Market. For Instance, Cortem SPA (Cortem Group) expanded its range of cable glands and introduced the new barrier version for armored cables NEVB series and non-armored cables NAVB series. Also, Jacob Gmbh launched a novel PERFECT AirVent cable gland that offers protection to hermetically sealed electro-technical and electronic enclosures from condensation. These developments indicate the growing demand for cable glands in various industries and the ongoing innovation and growth in the Cable Glands Market.Cable Glands Market SnapshotTo know about the Research Methodology :- Request Free Sample Report

Cable Glands Market: Dynamics

The increasing use of Internet of Things (IoT) devices Drives the Growth of the Cable Glands Market The increasing use of Internet of Things (IoT) devices drives the growth of the Cable Glands Market by creating a surge in demand for cable glands to support the expanding network of connected devices. As IoT devices become more prevalent in various industries and applications, the need for secure and reliable cable connections to power and communicate with these devices increases significantly. For example, in the construction industry, where IoT devices are used for smart building management systems, the demand for cable glands to ensure proper connectivity and protection of cables rises in tandem with the adoption of IoT technology. This increased demand for cable glands due to IoT device proliferation leads to a substantial growth opportunity for manufacturers and vendors in the cable glands market. Also, integrating IoT devices in industrial automation and smart city projects further amplifies the need for cable glands to support the infrastructure required for these advanced technologies, driving the growth of the Cable Glands Market. Major Construction Projects Worldwide
Project Name Location Investment Description
NEOM City Saudi Arabia $500 billion Futuristic city in northwestern Saudi Arabia with a varied climate, extensive renewable energy usage, industrial 4.0 principles, and food independence. They are planned to accommodate millions and redefine everyday living, energy supply, production, logistics, education, healthcare, and finance.
Dholera Solar Park India $170 billion Ultra Mega Solar Power Project in Gujarat aiming for 5000 MW capacity by 2030. Utilizes both stationary and tracking solar panels, advanced electrical infrastructure, and meticulous planning for efficiency and ecological sustainability.
Jubail II Industrial City Saudi Arabia $80 billion Expansion of Jubail Industrial City with infrastructure investments exceeding $80 billion. Includes extensive road networks, industrial sites, a propane dehydrogenation complex, water desalination plants, residential complexes, and an international airport to bolster local industry and efficiency.
South-North Water Transfer China > $80 billion Massive project redirecting 45 billion cubic meters of freshwater annually from the southern Yangtze River to northern regions through canal systems. Faces challenges including environmental concerns and displacement of residents. It was scheduled for completion by 2050, with an initial cost of $79 billion and increasing estimates for the final cost.
The Grand Paris Express France $45 billion Major transportation project in France involving four new metro lines and extensions, with 200 kilometers of new track and 68 stations. Expected to serve three million citizens, reduce carbon emissions, and revolutionize travel within Paris by 2050.
These projects signify substantial investments in various sectors, driving economic growth and innovation. For the cable glands market, these projects present significant expansion opportunities. As construction endeavors expand, so does the need for reliable electrical and data connections, where cable glands are important in ensuring secure and efficient cable management. With the implementation of large-scale projects such as NEOM City, the Gulf Railway, and Dholera Solar Park, there arises a heightened demand for cable glands to support the extensive electrical and communication networks required for these developments. Additionally, projects including Green Riyadh and the South-North Water Transfer Project underscore the importance of sustainable infrastructure, aligning with the growing trend towards eco-friendly construction practices, which further stimulate demand for environmentally-conscious cable gland solutions. These construction projects serve as substances for the growth of the cable glands market, creating a conducive environment for innovation and expansion. Fluctuating Raw Material Price limits, the growth of the Cable Glands Market Cable glands, crucial components in electrical and instrumentation systems, rely heavily on materials such as metals, plastics, and rubber. These materials are susceptible to price fluctuations due to various factors such as global demand, supply chain disruptions, and geopolitical tensions. When raw material prices rise, manufacturers face increased production costs, leading to higher prices for cable glands. This deters potential buyers, slows down demand, and hinders market growth. When raw material prices drop, manufacturers reduce prices to remain competitive, which stimulates demand and Cable Glands Market growth Also, erratic price movements create uncertainty for manufacturers in planning and budgeting, affecting investment decisions and new product development. Companies hesitate to invest in research and development or expansion projects, limiting innovation and market expansion opportunities. Frequent price changes strain supplier relationships and disrupt supply chains, leading to production delays and inventory management challenges. Fluctuating raw material prices pose significant challenges to the Cable Glands Market by affecting production costs, pricing strategies, and investment decisions.Cable Glands Market1Rising Demand for Industrial Automation creates lucrative growth opportunities for the Cable Glands Market The rising demand for industrial automation boosts the growth in the Cable Glands Market by necessitating efficient and secure cable management solutions. Industrial automation depends heavily on electrical and electronic systems for operations, requiring strong cable connections to ensure smooth functioning and safety. Cable glands are used to protect against environmental factors such as dust, moisture, and vibration while securing cables in place. As industries increasingly adopt automation to enhance productivity and efficiency, the need for reliable cable glands grows exponentially. The growth of sectors such as manufacturing, energy, and transportation further strengthens this demand. Cable Glands manufacturers in the Cable Glands Market are presented with lucrative growth opportunities as they provide the evolving needs of industrial automation, offering innovative and durable solutions to meet the demands of modern industrial settings.

Cable Glands Market Segment Analysis

Based on Cable Type, the Armored cable type significantly dominated the cable type segment of the Cable Glands Market in the year 2023. Armored cables provide superior protection against mechanical damage, moisture, and other environmental hazards compared to non-armored counterparts. This makes them ideal for use in harsh industrial environments, outdoor installations, and areas prone to vandalism or accidental damage. Armored cables offer enhanced safety by minimizing the risk of electrical faults, short circuits, and fires caused by physical damage or tampering. This reliability is particularly crucial in critical infrastructure applications such as power generation, oil and gas, and transportation where downtime leads to significant losses. High-quality cable glands are required in applications and this factor is significantly responsible for the growth of the cable glands market. The versatility of armored cables makes them suitable for a wide range of applications, including power distribution, telecommunications, and data transmission. They withstand high temperatures, pressures, and corrosive substances, ensuring uninterrupted operation in demanding conditions. Advancements in technology have led to the development of lightweight and flexible armored cable variants, further expanding their usability and Cable Glands market appeal.Cable Glands Market2

Cable Glands Market Regional Analysis

North American region dominated the Cable Glands Market in the year 2023. Particularly the United States has been a hub for industrial and infrastructure development. The region has a strong manufacturing sector, extensive oil and gas infrastructure, and significant investments in telecommunications and utilities. These industries require cable glands for efficient cable management and protection. The countries in North America have technological advancements and innovation. This innovation extends to the manufacturing and design of cable glands, making them more efficient, durable, and adaptable to various applications. This technological edge gives North American companies a competitive advantage in the global market. The North American Cable Glands Market is highly competitive and diversified, with numerous manufacturers offering a wide range of cable glands to meet different industry needs. This competition drives innovation, quality improvement, and cost-effectiveness, further strengthening the region's dominance in the market. North American companies often have well-established distribution networks both domestically and internationally. This allows them to reach a wide customer base and efficiently supply cable glands to various industries across the globe.

Cable Glands Market Scope: Inquiry Before Buying

Cable Glands Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: USD 1.89 Bn.
Forecast Period 2024 to 2030 CAGR: 5.3% Market Size in 2030: USD 2.71 Bn.
Segments Covered: by Type Industrial Cable Glands Hazardous Area Cable Glands Others
by Cable Type Armored Unarmored
by Material Type Brass Stainless Steel Plastic/Nylon Others
by End User Industry Aerospace Construction Manufacturing And Processing Oil and Gas Power and Utilities Others

Cable Glands Market by Region

North America (United States, Canada, and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, and the Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria, and the Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Cable Glands Market Key players

1. Hubbell 2. Amphenol Industrial Operations 3. CMP Products Ltd 4. Eaton Corporation 5. TE Connectivity 6. Lapp Group 7. Jacob GmbH 8. BARTEC Top Holding GmbH 9. Cortem S.p.A 10. Weidmüller Interface GmbH & Co. KG 11. Molex 12. Hummel AG 13. Prysmian Group 14. Sealcon 15. Elsewedy Ahmed Sadek

Frequently Asked Questions

1] What segments are covered in the Global Cable Glands Market report? Ans. The segments covered in the Cable Glands Market report are based on type, cable type, material type, end user industry and Regions. 2] Which region is expected to hold the highest Global Cable Glands Market share? Ans. The North America region is expected to hold the highest Cable Glands Market share. 3] What is the market size of the Global Cable Glands Market by 2030? Ans. The market size of the Cable Glands Market by 2030 is expected to reach US$ 2.71 Bn. 4] What was the market size of the Global Cable Glands Market in 2023? Ans. The Cable Glands Market sizze was valued at US$ 1.89Bn in 2023. 5] Key players in the Cable Glands Market. Ans. CMP Products (UK), Hawke International (UK), Eaton Corporation (Ireland), Jacob GmbH (Germany), Cable Gland Company (UK)
1. Cable Glands Market: Executive Summary 1.1. Executive Summary 1.2. Market Size (2023) & Forecast (2024-2030) 1.3. Market Size (USD) and Market Share (%) - By Segments, Regions, and Country 2. Competitive Landscape 2.1. MMR Competition Matrix 2.2. Key Players Benchmarking 2.2.1. Company Name 2.2.2. Product Segment 2.2.3. End-User Segment 2.2.4. Revenue (2023) 2.2.5. Market Share (%) 2.2.6. Headquarter 2.3. Market Structure 2.3.1. Market Leaders 2.3.2. Market Followers 2.3.3. Emerging Players 2.4. Mergers and Acquisitions Details 3. Market Dynamics 3.1. Cable Glands Market Trends 3.2. Cable Glands Market Dynamics Downsizing 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.6. Regulatory Landscape 4. Investment Analysis 4.1. Recent Investments in Cable Glands 4.2. Funding Trends in the Industry 4.3. Investment Opportunities 5. Government Schemes and Regulations 5.1. Overview of Relevant Policies 5.2. Impact of Government Initiatives on Market Growth 5.3. Compliance Standards and Regulations 6. Raw Material Analysis 6.1. Price Trends of Key Raw Materials 6.2. Supply Chain Dynamics 6.3. Raw Material Sourcing Strategies 7. Technology Trends 7.1. Innovations in Cable Gland Design 7.2. Advancements in Manufacturing Processes 7.3. Smart Cable Glands and IoT Integration 8. Cable Glands Market: Global Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 8.1. Cable Glands Market Size and Forecast, By Type (2023-2030) 8.1.1. Industrial Cable Glands 8.1.2. Hazardous Area Cable Glands 8.1.3. Others 8.2. Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 8.2.1. Armored 8.2.2. Unarmored 8.3. Cable Glands Market Size and Forecast, By Material Type (2023-2030) 8.3.1. Brass 8.3.2. Stainless Steel 8.3.3. Plastic/Nylon 8.3.4. Others 8.4. Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 8.4.1. Aerospace 8.4.2. Construction 8.4.3. Manufacturing and Processing 8.4.4. Oil and Gas 8.4.5. Power and Utilities 8.4.6. Others 8.5. Cable Glands Market Size and Forecast, by Region (2023-2030) 8.5.1. North America 8.5.2. Europe 8.5.3. Asia Pacific 8.5.4. Middle East and Africa 8.5.5. South America 9. North America Cable Glands Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 9.1. North America Cable Glands Market Size and Forecast, By Type (2023-2030) 9.1.1. Industrial Cable Glands 9.1.2. Hazardous Area Cable Glands 9.1.3. Others 9.2. North America Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 9.2.1. Armored 9.2.2. Unarmored 9.3. North America Cable Glands Market Size and Forecast, By Material Type (2023-2030) 9.3.1. Brass 9.3.2. Stainless Steel 9.3.3. Plastic/Nylon 9.3.4. Others 9.4. North America Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 9.4.1. Aerospace 9.4.2. Construction 9.4.3. Manufacturing and Processing 9.4.4. Oil and Gas 9.4.5. Power and Utilities 9.4.6. Others 9.5. North America Cable Glands Market Size and Forecast, by Country (2023-2030) 9.5.1. United States 9.5.1.1. United States Cable Glands Market Size and Forecast, By Type 9.5.1.2. United States Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 9.5.1.3. United States Cable Glands Market Size and Forecast, By Material Type 9.5.1.4. United States Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 9.5.2. Canada 9.5.3. Mexico 10. Europe Cable Glands Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 10.1. Europe Cable Glands Market Size and Forecast, By Type (2023-2030) 10.2. Europe Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 10.3. Europe Cable Glands Market Size and Forecast, By Material Type (2023-2030) 10.4. Europe Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 10.5. Europe Cable Glands Market Size and Forecast, by Country (2023-2030) 10.5.1. United Kingdom 10.5.1.1. United Kingdom Cable Glands Market Size and Forecast, By Type (2023-2030) 10.5.1.2. United Kingdom Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 10.5.1.3. United Kingdom Cable Glands Market Size and Forecast, By Material Type (2023-2030) 10.5.1.4. United Kingdom Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 10.5.2. France 10.5.3. Germany 10.5.4. Italy 10.5.5. Spain 10.5.6. Sweden 10.5.7. Russia 10.5.8. Rest of Europe 11. Asia Pacific Cable Glands Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 11.1. Asia Pacific Cable Glands Market Size and Forecast, By Type (2023-2030) 11.2. Asia Pacific Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 11.3. Asia Pacific Cable Glands Market Size and Forecast, By Material Type (2023-2030) 11.4. Asia Pacific Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 11.5. Asia Pacific Cable Glands Market Size and Forecast, by Country (2023-2030) 11.5.1. China 11.5.1.1. China Cable Glands Market Size and Forecast, By Type (2023-2030) 11.5.1.2. China Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 11.5.1.3. China Cable Glands Market Size and Forecast, By Material Type (2023-2030) 11.5.1.4. China Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 11.5.2. South Korea 11.5.3. Japan 11.5.4. India 11.5.5. Australia 11.5.6. Indonesia 11.5.7. Philippines 11.5.8. Malaysia 11.5.9. Vietnam 11.5.10. Thailand 11.5.11. Rest of Asia Pacific 12. Middle East and Africa Cable Glands Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 12.1. Middle East and Africa Cable Glands Market Size and Forecast, By Type (2023-2030) 12.2. Middle East and Africa Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 12.3. Middle East and Africa Cable Glands Market Size and Forecast, By Material Type (2023-2030) 12.4. Middle East and Africa Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 12.5. Middle East and Africa Cable Glands Market Size and Forecast, by Country (2023-2030) 12.5.1. South Africa 12.5.1.1. South Africa Cable Glands Market Size and Forecast, By Service Type (2023-2030) 12.5.1.2. South Africa Cable Glands Market Size and Forecast, By End Use (2023-2030) 12.5.2. GCC 12.5.3. Egypt 12.5.4. Nigeria 12.5.5. Rest of ME&A 13. South America Cable Glands Market Size and Forecast by Segmentation (by Value in USD) (2023-2030) 13.1. South America Cable Glands Market Size and Forecast, By Type (2023-2030) 13.2. South America Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 13.3. South America Cable Glands Market Size and Forecast, By Material Type (2023-2030) 13.4. South America Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 13.5. South America Cable Glands Market Size and Forecast, by Country (2023-2030) 13.5.1. Brazil 13.5.1.1. Brazil Cable Glands Market Size and Forecast, By Type (2023-2030) 13.5.1.2. Brazil Cable Glands Market Size and Forecast, By Cable Type (2023-2030) 13.5.1.3. Brazil Cable Glands Market Size and Forecast, By Material Type (2023-2030) 13.5.1.4. Brazil Cable Glands Market Size and Forecast, By End User Industry (2023-2030) 13.5.2. Argentina 13.5.3. Peru 13.5.4. Colombia 13.5.5. Rest of South America 13. Company Profile: Key Players 13.1. Hubbell 13.1.1. Company Overview 13.1.2. Business Portfolio 13.1.3. Financial Overview 13.1.4. SWOT Analysis 13.1.5. Strategic Analysis 13.1.6. Recent Developments 13.2. Amphenol Industrial Operations 13.3. CMP Products Ltd 13.4. Eaton Corporation 13.5. TE Connectivity 13.6. Lapp Group 13.7. Jacob GmbH 13.8. BARTEC Top Holding GmbH 13.9. Cortem S.p.A 13.10. Weidmüller Interface GmbH & Co. KG 13.11. Molex 13.12. Hummel AG 13.13. Prysmian Group 13.14. Sealcon 13.15. Elsewedy Ahmed Sadek 13.16. Other Key Players 14. Key Findings 15. Analyst Recommendations 16. Cable Glands Market – Research Methodology
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