Global Cable Glands Market was valued at US$ 2.054 Bn. in 2022, it is expected to grow at a CAGR of 6.2% for the period 2023-2029. Thanks to the growing trend armored segment use have boosted demand for Global Cable Glands Market.Cable Glands Market Overview:
The cable gland is a device used to secure the end of the electrical cable to the equipment. Types of cable glands available are single compression, double compression, and flexible hose. They are made from metallic and nonmetallic materials such as brass, aluminum, plastic, nylon, polyvinyl chloride (PVC), and steel, depending on the application. They protect sensitive electrical wiring from contamination, dust, corrosion, moisture, and flammable gas while providing insulation, earthing, bonding, and strain relief. Manufacturers now offer cable glands in a variety of materials, types, and pressure ranges. Due to its wear resistance, hardness, strength, and thermal conductivity, etc. is extensively used in the food and beverage processing industry, rail infrastructure, marine, and oil and gas industry. As a result, the global cable glands market is expected to reach US$ 3.13 Bn by 2029.To know about the Research Methodology:- Request Free Sample Report
Cable Glands Market Dynamics:
The increasing construction activities and rising energy demand in the developing countries expecting to drive the growth of the cable glands market. In the USA 60% of the construction activity is concentrated in 10 states among them California holds the largest share by having more than 1302 projects valued at US$ 524.9 Bn. Increasing government investments in infrastructure activities and smart city projects fuelling the market growth. The “HORIZON 2020 RESEARCH and INNOVATION PROGRAMME” under this initiative EU is funding smart cities and community lighthouse projects to ensure secure, affordable, and clean energy and to provide smart mobility and smart tool services to the cities. Increasing use of cable glands in military and aerospace applications, and growing manufacturing sectors are boosting the growth of the market. The cable glands are providing solutions for weapon systems, power connectors, radar and communications, and hull systems. March 2020, according to “STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE (SIPRI)” data ‘Saudi Arabia’ took first place in arms import and held the share of 12% followed by India (9.2). And the United States is the largest exporter of military weapons by holding a share of 37%. Increasing use of cables glands in oil and gas industries, telecommunication sector and growing government initiative for up-gradation of existing networks adding an advantage to the market growth. By 2025, India is planning to increase its oil refining capacity to 400 MMTPA and aimed to become a global hub. According to OPEC data, Venezuela has the largest share of 25.5 % crude oil reserves, i.e. highest among the Middle East countries followed by Saudi Arabia (22.4%) and IR Iran (13.1%). Some of the factors slowing the growth of the cable gland market are, the time required for installing cable glands are high, lack of flexibility makes their changes complex and expensive. Furthermore, sudden change in the prices of raw materials used in the manufacturing of cable glands and growing competition among the key players affecting the price of the cable glands. These are becoming roadblocks to market growth.Cable Glands Market Segment Analysis:
Based on the Cable Type, The Cable Glands market is sub-segmented into armored and unarmored. The armored segment dominates the global market and it held a share of 55% in 2022. These armored glands are designed for the wire braid cables which are used in hazardous working areas like chemical plants, oil and gas industries, and wastewater management plants, etc. In 2020, Rajendra Electrical, based in India is the largest supplier of armored cable glands in India. The factors slowing the demand for the growth of unarmored cable glands are its non-protective nature against mechanical damages, lack of stability in the hazardous area, and only applicable in a fixed installation. As a result, the armored cable gland segment is expected to grow at a CAGR of 3.2 % during the forecast period.Based on the End-User, the Cable Glands market is sub-segmented into Construction, Manufacturing and Processing, Oil and Gas, Power and Utilities, and Aerospace. The Oil and Gas segment dominates the global market and was valued at US$ 112.3 Mn. in 2022. Oil and gas industries are increasingly using cabal glands due to their high thermal resistance, resistance to aggressive media, and reliability to explosion protection. In 2020, according to “BP Statistical Review of World Energy”, the United States took first place by refining capacity of 18567 barrels per day. Followed by China, Russia, and India. The power and utility segment took second place in the cable segment market. Increasing investments in the renewable energy sector like solar energy by the US, Europe, and China are expected to boost the global cable glands market.
Regional Insights:
In 2022, North America held the largest share in the global Cable Glands market. North America is a technologically advanced region that relies heavily on the construction, manufacturing, and oil and gas industries. The United States is a significant market for cable glands (and other cable management tools), and it is expected to maintain its dominance. According to the International Energy Agency, the United States saw a total global investment in the energy efficiency of USD 300 billion in 2020. Technological advancements and a preference for energy-efficient products are the major factors driving the market growth. The growing population, increased use of IoT devices, and presence of large research universities are boosting the market growth in this region. The USA is a country having a large number of electric vehicle manufacturing industries in this region. The presence of electric vehicle manufacturing companies and government regulations in conserving the environment is fuelling the market growth in this region.Recent Developments:
Techno co ltd, a cable gland manufacturer developed its TH389 connectors for heavy-duty application rated IP66, IP68, and IP69K. Due to its less installation and maintenance time increasingly used in sensor technology, lighting, machine control units, HVAC systems, and marine applications. AGRO AG, an electrical equipment and component manufacturing company based in Switzerland has introduced its new product called EVolution EMC cable gland. Due to its disconnectable ("pluggable") shield contact solution, extensively used in hybrid and fully electric vehicles. In 2020, WISKA, an electronic manufacturer developed “polyamide EMC locknut” for metal cable gland fitting, which protects against electromagnetic interference. In 2021, TR Fastenings partnered with HUMMEL AG, a world-class manufacturer in electromechanical components introduced “HUMMEL HSK-K and HSK-M cable glands for level sensors. Which helps in minimizing the challenges face by industrial sensing equipment in chemical and oil and gas industries. The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Cable Glands market dynamics, structure by analyzing the market segments and projecting the Cable Glands market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Cable Glands make the report investor’s guide.Cable Glands Market Scope: Inquire before buying
Cable Glands Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.054 Bn. Forecast Period 2022 to 2029 CAGR: 6.2% Market Size in 2029: US $ 3.13 Bn. Segments Covered: by Cable Type Armored Unarmored by End-User Construction Manufacturing and Processing Oil and Gas Power and Utilities Aerospace Cable Glands Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Cable Glands Market, Key Players are:
1. Amphenol Corporation 2. Bartec Group 3. CMP Products Limited 4. Eaton Group (Cooper Crouse-Hinds Electric Company) 5. ABB Ltd 6. Cortem SPA 7. Emerson Industrial Automation 8. Elsewedy Electric 9. Hubbell Incorporated 10. Jacob Gmbh 11. R.Stahl Ag 12. Quanguan Electric 13. Warom Technology Incorporated 14. TE Connectivity Ltd 15. Flucon Components 16. Geissel 17. Gerich 18. HUGRO Armaturen 19. HUMMEL 20. JAINSON 21. Lapp 22. Axis Communications 23. BEISIT ELECTRIC 24. bimed 25. CCG Cable TerminationsFrequently Asked Questions:
1. Which region has the largest share in Cable Glands Market? Ans: North America held the largest share in 2022. 2. What is the growth rate of the Cable Glands Market? Ans: The Cable Glands Market is growing at a CAGR of 6.2% during the forecasting period 2023-2029. 3. What segments are covered in Cable Glands Market? Ans: Cable Glands Market is segmented into type and application. 4. What is the study period of this market? Ans: The Cable Glands Market is studied from 2022 to 2029.
1. Cable Glands Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Cable Glands Market: Dynamics 2.1. Cable Glands Market Trends by Region 2.1.1. North America Cable Glands Market Trends 2.1.2. Europe Cable Glands Market Trends 2.1.3. Asia Pacific Cable Glands Market Trends 2.1.4. Middle East and Africa Cable Glands Market Trends 2.1.5. South America Cable Glands Market Trends 2.2. Cable Glands Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Cable Glands Market Drivers 2.2.1.2. North America Cable Glands Market Restraints 2.2.1.3. North America Cable Glands Market Opportunities 2.2.1.4. North America Cable Glands Market Challenges 2.2.2. Europe 2.2.2.1. Europe Cable Glands Market Drivers 2.2.2.2. Europe Cable Glands Market Restraints 2.2.2.3. Europe Cable Glands Market Opportunities 2.2.2.4. Europe Cable Glands Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Cable Glands Market Drivers 2.2.3.2. Asia Pacific Cable Glands Market Restraints 2.2.3.3. Asia Pacific Cable Glands Market Opportunities 2.2.3.4. Asia Pacific Cable Glands Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Cable Glands Market Drivers 2.2.4.2. Middle East and Africa Cable Glands Market Restraints 2.2.4.3. Middle East and Africa Cable Glands Market Opportunities 2.2.4.4. Middle East and Africa Cable Glands Market Challenges 2.2.5. South America 2.2.5.1. South America Cable Glands Market Drivers 2.2.5.2. South America Cable Glands Market Restraints 2.2.5.3. South America Cable Glands Market Opportunities 2.2.5.4. South America Cable Glands Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Cable Glands Industry 2.8. Analysis of Government Schemes and Initiatives For Cable Glands Industry 2.9. Cable Glands Market Trade Analysis 2.10. The Global Pandemic Impact on Cable Glands Market 3. Cable Glands Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 3.1.1. Armored 3.1.2. Unarmored 3.2. Cable Glands Market Size and Forecast, by End User (2022-2029) 3.2.1. Construction 3.2.2. Manufacturing and Processing 3.2.3. Oil and Gas 3.2.4. Power and Utilities 3.2.5. Aerospace 3.3. Cable Glands Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Cable Glands Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 4.1.1. Armored 4.1.2. Unarmored 4.2. North America Cable Glands Market Size and Forecast, by End User (2022-2029) 4.2.1. Construction 4.2.2. Manufacturing and Processing 4.2.3. Oil and Gas 4.2.4. Power and Utilities 4.2.5. Aerospace 4.3. North America Cable Glands Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 4.3.1.1.1. Armored 4.3.1.1.2. Unarmored 4.3.1.2. United States Cable Glands Market Size and Forecast, by End User (2022-2029) 4.3.1.2.1. Construction 4.3.1.2.2. Manufacturing and Processing 4.3.1.2.3. Oil and Gas 4.3.1.2.4. Power and Utilities 4.3.1.2.5. Aerospace 4.7.2. Canada 4.3.2.1. Canada Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 4.3.2.1.1. Armored 4.3.2.1.2. Unarmored 4.3.2.2. Canada Cable Glands Market Size and Forecast, by End User (2022-2029) 4.3.2.2.1. Construction 4.3.2.2.2. Manufacturing and Processing 4.3.2.2.3. Oil and Gas 4.3.2.2.4. Power and Utilities 4.3.2.2.5. Aerospace 4.7.3. Mexico 4.3.3.1. Mexico Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 4.3.3.1.1. Armored 4.3.3.1.2. Unarmored 4.3.3.2. Mexico Cable Glands Market Size and Forecast, by End User (2022-2029) 4.3.3.2.1. Construction 4.3.3.2.2. Manufacturing and Processing 4.3.3.2.3. Oil and Gas 4.3.3.2.4. Power and Utilities 4.3.3.2.5. Aerospace 5. Europe Cable Glands Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.2. Europe Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3. Europe Cable Glands Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.1.2. United Kingdom Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.2. France 5.3.2.1. France Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.2.2. France Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.3.2. Germany Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.4.2. Italy Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.5.2. Spain Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.6.2. Sweden Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.7.2. Austria Cable Glands Market Size and Forecast, by End User (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 5.3.8.2. Rest of Europe Cable Glands Market Size and Forecast, by End User (2022-2029) 6. Asia Pacific Cable Glands Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.2. Asia Pacific Cable Glands Market Size and Forecast, by End User (2022-2029) 6.7. Asia Pacific Cable Glands Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.1.2. China Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.2.2. S Korea Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.3.2. Japan Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.4. India 6.3.4.1. India Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.4.2. India Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.5.2. Australia Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.6.2. Indonesia Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.7.2. Malaysia Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.8.2. Vietnam Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.9.2. Taiwan Cable Glands Market Size and Forecast, by End User (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Cable Glands Market Size and Forecast, by End User (2022-2029) 7. Middle East and Africa Cable Glands Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 7.2. Middle East and Africa Cable Glands Market Size and Forecast, by End User (2022-2029) 7.7. Middle East and Africa Cable Glands Market Size and Forecast, by Country (2022-2029) 7.7.1. South Africa 7.3.1.1. South Africa Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 7.3.1.2. South Africa Cable Glands Market Size and Forecast, by End User (2022-2029) 7.7.2. GCC 7.3.2.1. GCC Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 7.3.2.2. GCC Cable Glands Market Size and Forecast, by End User (2022-2029) 7.7.3. Nigeria 7.3.3.1. Nigeria Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 7.3.3.2. Nigeria Cable Glands Market Size and Forecast, by End User (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 7.3.4.2. Rest of ME&A Cable Glands Market Size and Forecast, by End User (2022-2029) 8. South America Cable Glands Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 8.2. South America Cable Glands Market Size and Forecast, by End User (2022-2029) 8.7. South America Cable Glands Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 8.3.1.2. Brazil Cable Glands Market Size and Forecast, by End User (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 8.3.2.2. Argentina Cable Glands Market Size and Forecast, by End User (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Cable Glands Market Size and Forecast, by Cable Type (2022-2029) 8.3.3.2. Rest Of South America Cable Glands Market Size and Forecast, by End User (2022-2029) 9. Global Cable Glands Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Cable Glands Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Amphenol Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Bartec Group 10.3. CMP Products Limited 10.4. Eaton Group (Cooper Crouse-Hinds Electric Company) 10.5. ABB Ltd 10.6. Cortem SPA 10.7. Emerson Industrial Automation 10.8. Elsewedy Electric 10.9. Hubbell Incorporated 10.10. Jacob Gmbh 10.11. R.Stahl Ag 10.12. Quanguan Electric 10.13. Warom Technology Incorporated 10.14. TE Connectivity Ltd 10.15. Flucon Components 10.16. Geissel 10.17. Gerich 10.18. HUGRO Armaturen 10.19. HUMMEL 10.20. JAINSON 10.21. Lapp 10.22. Axis Communications 10.23. BEISIT ELECTRIC 10.24. bimed 10.25. CCG Cable Terminations 11. Key Findings 12. Industry Recommendations 13. Cable Glands Market: Research Methodology 14. Terms and Glossary