According to IMARC Group’s latest report, titled “Cable Glands Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.’ the global cable glands market size reached US$ 1,762 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,542 Million by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
A cable gland, sealing gland, or strain relief, is a device used to attach the end of an electric cable to the equipment. It allows the facilitation of barrier penetration while giving sealing protection and is used in wires, probes, power, and signaling cables. Cable glands resist fire propagation and explosions and prevent water, oil, or any other fluid from entering the panel compartment. They are employed widely in junction boxes, electric panels, and power connectors in buildings.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
Cable Glands Market Trends:
The global rise in construction activities, along with the continuous demand for power and energy, is among the primary factors propelling the demand for cable glands. In addition, the stringent government guidelines in many countries regarding building safety are stimulating the global cable gland market growth. Furthermore, research and development activities by key players are further boosting the growth of the market. For instance, CMP Products, a UK-based cable accessories manufacturer, has launched ‘Themis’ and ‘Solace’ fire-resistant cable clamps designed and tested to resist temperatures up to 1000 degrees Celsius.
Cable Glands Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global cable glands market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
ABB Ltd, Amphenol CorporationCMP Products Limited (British Engines Group)Cortem SPAEaton Corporation PLCElsewedy Electric Co S.A.EEmerson Electric Co.Hubbell IncorporatedHummel AGStahl AktiengesellschaftSealcon LLCWarom Technology Incorporated Company.Key Market Segmentation:
The report has segmented the global cable glands market on the basis of cable type, type, material and end user.
Market Breakup by Cable Type:
ArmouredUnarmouredMarket Breakup by Type:
IndustrialHazardousBreakup by Material:
BrassStainless SteelPlastic and NylonOthersBreakup by End User:
Oil and GasMiningAerospace and DefenseManufacturing and ProcessingChemicalOthersBreakup by Region:
North America (United States, Canada)Europe (Germany, France, United Kingdom, Italy, Spain, Others)Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4838&flag=C
Key Highlights of the Report:
Market Performance (2017-2022)Market Outlook (2023-2028)Market TrendsMarket Drivers and Success FactorsThe Impact of COVID-19 on the Global MarketValue Chain AnalysisStructure of the Global MarketComprehensive mapping of the competitive landscapeNote: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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