Cable Glands Market Overview, Growth, and Trends (2021-2031)

MARKET OVERVIEW

A cable gland, also known as sealing gland or strain relief, allows the facilitation of barrier penetration while simultaneously offering sealing protection. It can be used with probes, wires, power, and signaling cables. Cable gland is used for electrical power, control, instrumentation, information, and broadcast communications links. Upgrade and renewal of existing networks, owing to government regulations drives the market outlook. Rise in energy demand levels globally, increase in population, and growth in real estates are expected to drive the growth of the cable glands market.

MARKET SCOPE

The "Global Cable Glands Analysis to 2031" is a specialized and in-depth study of the cable glands with a special focus on the global market trend analysis. The report aims to provide an overview of the cable glands market with detailed market segmentation by type, cable type, material, end-user and geography. The report provides key statistics on the market status of the leading cable glands market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• On the basis of type the market is segmented into hazardous and non-hazardous
• On the basis cable type, the market is segmented as armored and unarmored
• On the basis material, the market is segmented as brass, stainless steel, plastic/nylon, and others
• On the basis end user, the market is segmented as oil & gas, mining, aerospace & defense, manufacturing & processing, chemical, others

MARKET DYNAMICS

Drivers    

• Upgradation and renewal of existing networks, owing to government regulations drives the market growth
• Rise in the construction industry among developing countries propels the market dynamics

Restraints

• The variability in raw materia prices restraints the market growth

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cable glands market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the cable glands market in these regions.

IMPACT OF COVID-19 ON CABLE GLANDS MARKET

The outbreak of the COVID-19 pandemic has severely impacted the power sector industries, which resulted decline in the demand for cable glands in the year 2021. The pandemic had severely impacted the power demand in countries such as China, India, and Japan. The pandemic had resulted in various supply chain challenges for manufacturers across the world, which had a similar impact on the cable glands market as well. Furthermore, project delays and and cancellation of orders has affected the market dynamics. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period. The growing urbanization and rise in industrial activities are further fueling the adoption of cable glands which is aiding the market growth. There is rebound in energy investments in 2021, which is creates promising growth opportunities during the pandemic recovery period. For instance, February 2021, CMP Products Ltd has achieved approval to South African National Standard (SANS) 60079 for its range of hazardous area cable glands and accessories. Thus, growth prospects in constructional activities and rise in urbanization during the pandemic recovery period is anticipated to drive the market growth.

MARKET PLAYERS

The report covers key developments in the cable glands market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the cable glands market are anticipated to provide lucrative growth opportunities in the future owing to growing demand for energy and power from developing economies.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cable glands market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Hubbell
• Emerson Electric Co.
• Amphenol Industrial Products Group
• Eaton
• ABB
• Cortem S.p.A.
• BARTEC
• CMP Products Limited
• JACOB GMBH
• Warom Technology Incorporated Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Cable Glands Report Scope