Drivers Several important elements that fueled the cable glands market’s growth and expansion were there. First off, the demand for cable glands was significantly influenced by the rising need for energy and the continued expansion of power generation facilities, both conventional and renewable. These glands are essential parts of electrical systems because they provide strong and secure connections for the transmission and distribution of power.
Restraints
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Segmentation
Cable Type
Armoured and unarmored products make up the sub-segments of the Cable Glands market. With a market share of 55% in 2021, the armoured sector dominated the entire world. These armoured glands are made for wire braid cables that are employed in risky work environments such as chemical plants, the oil and gas industry, wastewater treatment facilities, etc. The biggest supplier of armoured cable glands in India in 2020 is Rajendra Electrical, a company based in India. The absence of protection against mechanical damages, instability in dangerous areas, and only being applicable in fixed installations are the issues limiting the demand for unarmored cable glands. As a result, it is anticipated that the armoured cable gland market would expand at a CAGR of 3.2% over the forecast period.
End-Use
the Cable Glands market is sub-segmented into Construction, Manufacturing and Processing, Oil and Gas, Power and Utilities, and Aerospace. The Oil and Gas segment dominates the global market and was valued at US$ 112.3 Mn. in 2021. Oil and gas industries are increasingly using cabal glands due to their high thermal resistance, resistance to aggressive media, and reliability to explosion protection. In 2020, according to “BP Statistical Review of World Energy”, the United States took first place by refining capacity of 18567 barrels per day. Followed by China, Russia, and India. The power and utility segment took second place in the cable segment market. Increasing investments in the renewable energy sector like solar energy by the US, Europe, and China are expected to boost the global cable glands market.
1 Global Cable Glands Market, by Cable type (2021-2029)
• Armored
• Unarmored
2 Global Cable Glands Market, by End-user (2021-2029)
• Construction
• Manufacturing and Processing
• Oil and Gas
• Power and Utilities
• Aerospace.
The study provides an in-depth look at the area industry, covering both qualitative and quantitative data. It provides an overview and forecast of the global Cable Glands market by segment. It also provides market size and forecast estimations for five main regions from 2021 to 2027, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Cable Glands market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area. Key player
• 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
• Quanguan Electric
• Warom Technology Incorporated
• TE Connectivity Ltd
• Flucon Components
• Geissel
• Gerich
• HUGRO Armaturen
• HUMMEL
• JAINSON
• Lapp
• Axis Communications
• BEISIT ELECTRIC
• bimed
• CCG Cable Terminations
Conclusion
The comprehensive analysis of the Cable Glands Market provides a clear and futuristic view of the industry to decision-makers. The report serves as a valuable guide for investors, offering insights into competitive analysis, market dynamics, market segments, and growth strategies of key players in the OLED market.
Key Questions Answered in the Cable Glands Market Report are:
- What are the most potential high-growth prospects in the worldwide Cable Glands industry, broken down by product category, End User, and Region?
- Which Cable Glands market categories will grow the most rapidly, and why?
- Which regions will grow faster, and why?
- What are the major factors impacting Cable Glands market dynamics? What are the Cable Glands market’s major drivers and challenges?
- What are the business risks and dangers in the Cable Glands market?
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