According To TechSci Research, Global cable glands market is expected to grow at a CAGR of 7% during the forecast period. Flourishing construction industry and rising real estate sector is driving the global cable glands market during the forecast period. Additionally, the expansion, upgradation and renewal of existing networks is further fuelling the growth in the market.
The global cable glands market is segmented based on type, cable type, material, end user, region and company. Based on cable type, the market can be bifurcated into armored and unarmored. The armored cable type is expected to hold significant share during the forecast period owing to their use in cables without an inner covering or bedding. Based on material, the market can be segmented into brass, stainless steel, plastic/nylon, aluminium and others. The brass segment dominates the market on account of its use in petrochemical and oil & gas industries. Based on end user, the market can be categorized into oil & gas, mining, aerospace & defense, manufacturing & processing, chemical and others. The oil & gas segment dominates the market since different types of cable connectors such as cold shrink cable terminations and resin cable glands are used in the oil & gas industry.
Regionally, the cable glands market is gaining traction and expanding to various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America region is expected to dominate the overall cable glands market followed by Asia-Pacific, Europe, South America and Middle East and Africa.
The major players operating in the cable glands market are Hubbell Incorporated, Emerson Electric Co., Amphenol Corporation, The 3M Company, Eaton Corporation Plc, ABB Ltd., Cortem SpA, CMP Products Limited, Bartec GmbH, Jacob GmbH and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in November 2018, Amphenol Corporation announced that it entered into a definitive agreement to acquire SSI Controls Technologies (SSI), the sensor manufacturing division of SSI Technologies Inc.
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Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of global cable glands market.
- To classify and forecast global Cable Glands market based on type, cable type, material, end user, and company and regional distribution.
- To identify drivers and challenges for global cable glands market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global cable glands market.
- To conduct pricing analysis for global cable glands market.
- To identify and analyze the profile of leading players operating in global cable glands market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global cable glands market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
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Key Target Audience:
- Cable glands manufacturers and suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to cable glands
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global cable glands market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Hazardous
- Non-hazardous
- Market, By Cable Type:
- Armored
- Unarmored
- Market, By Material:
- Brass
- Stainless Steel
- Plastic/Nylon
- Aluminium
- Others
- Market, By End User:
o Oil & Gas
o Mining
o Aerospace & Defense
o Manufacturing & Processing
o Chemical
o Others
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- South Africa
- UAE
- South America
- Brazil
- Argentina
- Colombia
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global cable glands market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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