PUBLISHER: Allied Market Research | PRODUCT CODE: 1396833
PUBLISHER: Allied Market Research | PRODUCT CODE: 1396833
The global cable glands market was valued at $2.4 billion in 2022, and is projected to reach $4.5 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.
Cable glands are also referred to as mechanical cable entry devices that are used in conjugation with cable & wiring for instrumentation & control, electrical and automation systems, including power, data, lighting, and telecoms. They act as a sealing and terminating device used to ensure protection of electrical equipment and enclosures by sealing the outer cable sheath, which assists in keeping dust & moisture away. They also facilitate earth continuity in armored cables case where cable gland has metallic construction.
The use of cable glands is increasing for several reasons, driven by advancements in technology, changes in industry requirements, and the need for improved safety and reliability in various applications. Rise in demand for connectivity is increasing in digital and interconnected world, hence growing demand for connectivity in various industries which includes applications in telecommunications, data centers, industrial automation, smart cities, and more may act as the major driving factor for the market.
As a result, the number of cables and wires being used in these applications has increased, leading to a greater need for secure and reliable cable connections provided by cable glands. Moreover, cable glands are essential for providing environmental protection to cables and wires including harsh or hazardous conditions. There is a need to protect cables from moisture, dust, dirt, chemicals, and other contaminants. Cable glands offer a secure sealing mechanism that helps maintain the integrity of cables and prevents damage from external elements. Furthermore, many industries, such as electrical, manufacturing, and oil and gas, have stringent safety regulations and standards that need to be adhered to. However, a rise in regulation concerns with respect to safety standards may create ample opportunities for the market.
For the purpose of analysis, the cable glands market is segmented into type, end user, cable type, material, sealing technique, and region. On the basis of type, the market is categorized as industrial and hazardous. By hazardous type, the market is further divided into increased safety, flameproof, EMC and others. On the basis of end user, it is divided into oil & gas, mining, aerospace and defense, manufacturing & processing, chemicals and others. On the basis of cable type, it is classified into armored and unarmored. On the basis of material, it is classified into brass, stainless steel, plastic & nylon and others. On the basis of sealing technique, it is classified into no seal, inner seal and outer seal. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The cable gland market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include 3M, ABB Ltd., Amphenol corporation, Bartec group, CMP products limited, Cortem group, Eaton corporation PLC, Emerson Electric corporation, Hubbel incorporated and Jacob GmbH. These players are adopting different strategies such as product launch to stay competitive in the market. In an instance, ABB introduced NPG Quick-Connect push-in cable gland to speed installation times. It is ideal for panel builders and volume installers.
To understand the market, drivers, restraints, and opportunities are explained in the report. Furthermore, the key strategies adopted by potential market leaders such as expansion, mergers, and acquisition to facilitate effective planning are discussed under the scope of the report.
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