According to the new market research report by IndustryARC titled “Cable Glands Market: By Type (Industrial, Hazardous); By Materials (Brass, Stainless Steel, Plastic, Others); By Cable Type (Armored, Unarmored); By End Users (Oil & Gas, Mining, Aerospace, Manufacturing & Processing, Chemical, Others); By Geography - (2018-2023)”, the market is driven by the rapid penetration of automation technologies.
The global cable glands market register $1.808 billion revenue in 2017 and is projected to register $2.725 billion by 2923 at 6.7% CAGR. Among all the material types, the Brass material is dominating the global market that registered $975.8 million in 2017 and expected to reach $1.527 billion by 2023 at 7.3% CAGR.
Asia-pacific continues to lead the market share and growth during 2018-2023:
Asia-pacific is dominating the Cable Glands market with a major share of $598.1 million revenue in 2017 and is projected register highest growth rate of 8.2% CAGR to reach $978.33 million by 2023. Asia-Pacific, due to its sheer size with a wide range of operating industry verticals, occupied the dominant position in the global cable glands market, followed by the Americas and Europe respectively. The emerging trend of rapid industrialization will make Asia-Pacific significant in terms of average growth rate as well. The APAC region is projected to witness an upsurge in the cable glands market with a CAGR of 8.2%, while Europe, due to its economic uncertainty, will observe the lowest CAGR of nearly 4.8% in the forecast period.
Selected / Sample Analysis done in the full Report:
Cable Glands are common commodities with considerable price variations, depending upon manufacturer, material, size of cable glands, bulk purchasing, end-use applications, competition at local levels and several others.
The trade for cable glands is executed both in terms of weight and units. This also contributes to price variations.
Excerpts on Market Growth Factors Mentioned in the Full Report:
Power generation and Utilities segment in the cable glands market is projected to grow rapidly due to the expansion in deals, across the globe.
The swift adoption of Automation in Industrial operations will offer sharp growth avenues for advanced automated machineries and operating conditions. Hence, the consumption of power will remain the core of all the automated equipment, thereby providing a boost to the cable glands market further.
Rising demand for cable glands from various end-user industries such as Oil & Gas, Mining, Aerospace, Marine, Chemicals, Manufacturing and Processing, has propelled the cable glands market growth.
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https://industryarc.com/Report/15052/cable-glands-market.html
Key Players of the Cable Glands Industry:
Cooper Crouse-Hinds and Appleton emerged to be the dominant players in the Cable Glands Market in 2015. Both the players also led the hazardous location cable glands market with high shares, respectively. This was followed by CMP Products, which exclusively offers cable glands as their key product.
Cable Glands Market Report is Segmented as below.
By Type
By Disease Materials
By Cable Type
Armored
Unarmored/Non-Armored
By Cable Industry Verticals:
Manufacturing & Processing
Oil & Gas
Mining
Aerospace
Chemicals
Marine
Power & Utilities
Construction
Others
By Geography ( Covers 12+ Countries )
By Market Entropy
Companies Citied / Interviewed
EATON CORPORATION PLC
LAPP GROUP
JACOB GMBH ELEKTROTECHNISCHE FABRIK
EMERSON ELECTRIC CO.
THOMAS & BETTS CORP. (ABB)
R. STAHL AG
HAWKE INTERNATIONAL
AMPHENOL CORPORATION
TORGOVIY DOM VELAN LTD.
Company 10
Company 11
Company 12+
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What can you expect from the report?
The Cable Glands Market Report is Prepared with the Main Agenda to Cover the following 20 points:
Market Size by Product Categories
Market trends
Manufacturer Landscape
Distributor Landscape
Pricing Analysis
Top 10 End user Analysis
Product Benchmarking
Product Developments
Mergers & Acquisition Analysis
Patent Analysis
Demand Analysis ( By Revenue & Volume )
Country level Analysis (12+)
Competitor Analysis
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Strategic Analysis
Current & Future Market Landscape Analysis
Opportunity Analysis
Revenue and Volume Analysis
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The new research report titled "Cable Glands Market Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Cable Glands market include Amphenol Corporation, Bartec Group, CMP Products Limited, Eaton Group – (Cooper Crouse-Hinds Electric Company), ABB Ltd, Cortem SpA, Emerson Industrial Automation, Elsewedy Electric, Hubbell Incorporated, Jacob Gmbh, R.Stahl Ag, Sealcon LLC, Warom Technology Incorporated and TE Connectivity.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cable Glands Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cable-glands-market/download-sampleMarket DynamicsRise in energy demand levels globally coupled with rise in population and also expansion of physical infrastructure will help in the growth of cable gland market in forecast period.
Continuous demand technological advancement in telecom & automotive sector would steer growth in the market.
