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

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.To 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.Rising 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 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)