Global Cable Glands (Industrial Cable Glands, Hazardous Area Cable Glands) Market 2019-2024 - Segmented by Type, Cable Type, Materials Used, End-user Industry, and Region

3/29, 3:52 PM (Source: GlobeNewswire)

Dublin, March 29, 2019 (GLOBE NEWSWIRE) -- The "Global Cable Glands Market - Segmented by Type, Cable Type, Materials Used, End-user Industry, and Region - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The global cable glands market was valued at USD 1.64 billion in 2017, and is expected to reach a value of USD 2.88 billion by 2023, at a CAGR of 9.82%, during the forecast period (2018-2023). The scope of the report includes Industrial Cable Glands, Hazardous Area Cable Glands.

Cable Type Armored Cable Glands, Unarmored Cables, Materials Used Brass, Aluminum, Plastic, and Stainless Steel. The end-user industries are limited to Aerospace, Construction, Manufacturing and Processing, Oil & Gas, Power and Utilities. While the regions considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.

Upgrading and Renewal of Existing Networks in Developed Economies

Many electrical and communication networks in developed countries are ageing with time. With innovations in technology, there has been a huge increase in demand. It was estimated; by Cisco that the current network traffic will triple by the end of the decade. The current infrastructure supporting these services is outdated and need to be upgraded to handle increasing demand and also to support new technologies that are being employed.

Developed nations, such as the United States of America, United Kingdom, and other European countries are investing heavily in upgrading the existing systems to improve efficiency and provide reliable service. Electrical infrastructure development in Europe and Asia is also resulting in growing demand for this market.

Oil & Gas, Power & Utilities Sectors Hold the Largest Market Share

As large-scale up gradation and construction of oil refineries has resulted in increased demand for cable management tools across the globe. Power & utilities has traditionally been a major end-user market for cable glands, while the construction sector is expected to record the highest CAGR, followed by aerospace during the forecast period. Cable glands are increasingly being deployed in the aviation sector, as they are suitable for insulating and protecting.

Materials, such as brass, aluminum and stainless steel have found several applications in the above-mentioned end-user verticals. Brass remains the most widely used material for the development of cable glands due to their inherent properties that make them highly suitable in the industrial environment. Aluminum and stainless steel are also being increasingly used for the manufacturing of cable glands. Aluminum is the most abundant metal, while stainless steel offers several benefits, such as temperature and pressure insulation.

North America Was Projected To Hold The Largest Market Share

The United States remains to be the single largest market for cable glands (and other cable management tools), and it is expected to continue its dominance, buoyed by increased up gradation, and renewal of existing public & private installations coupled with presence of several market incumbents. Asia-Pacific is expected to record the highest CAGR during the forecast period. Large scale up gradation and construction activities (especially in China, India, and other Asia-Pacific countries, where smart cities are being built to aid development) are expected to continue to drive future growth in this region.

Key Developments in the Market

  • November 2017 - Amphenol Industrial Products Group, a global leader in interconnect systems, now offers an array of high quality, reliable connectors for use in the wind power industry. Amphenol's wind products, distributed by various divisions of the company, are designed for use in on-land, or offshore applications. They can withstand vibration, salt spray, and humidity, dust, EMI/EMC, as well as temperature extremes. This new line includes conduits, cable glands, tubing, braided jackets, as well as other harness protection accessories. These easy-to-install protective products are available in plastic and metallic compositions and can be used with robotic harnesses, floor cables, and in glands that protect connectors

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Market Insights
3.1 Market Overview
3.2 Porter's Five Forces Model - Industry Attractiveness

4. Market Dynamics
4.1 Market Drivers
4.1.1 Upgrading And Renewal Of Existing Networks In Developed Economies
4.1.2 Surge In Construction Industry Among Brics Countries
4.1.3 Infrastructure Development Projects Among Middle East And North Africa Regions
4.2 Market Restraints
4.2.1 Fragmentation In The Regional Markets
4.2.2 Volatility In Raw Material Prices

5. Technology Snapshot

6. Global Cable Glands Market Segmentation - By Type
6.1 Industrial Cable Glands
6.2 Hazardous Area Cable Glands

7. Global Cable Glands Market Segmentation - By Cable Type
7.1 Armored Cable Glands
7.2 Unarmored Cables

8. Global Cable Glands Market Segmentation - By Materials Used
8.1 Brass
8.2 Aluminum
8.3 Plastic
8.4 Stainless Steel

9. Global Cable Glands Market Segmentation - By End-user Industry
9.1 Aerospace
9.2 Construction
9.3 Manufacturing And Processing
9.4 Oil and Gas
9.5 Power and Utilities
9.6 Others (Marine, Mining, Chemicals)

10. Global Cable Glands Market Segmentation - By Region
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Latin America
10.5 Middle East And Africa

11. Competition Analysis - Company Profiles
11.1 Amphenol Corporation
11.2 Bartec Group
11.3 Cmp Products
11.4 Eaton Group - (Cooper Crouse-Hinds Electric Company)
11.5 Abb Ltd. (Thomas & Betts Corporation)
11.6 Cortem S.P.A
11.7 Emerson Industrial Automation
11.8 Elsewedy Electric
11.9 Hubbell Incorporated
11.10 Jacob Gmbh
11.11 R.Stahl Ag
11.12 Sealcon Llc
11.13 Warom Technology Incorporated

12. Investment Analysis
12.1 Recent Mergers and Acquisitions
12.2 Investment Outlook

13. Future Outlook of Wearable Inertial Sensors Market

For more information about this report visit https://www.researchandmarkets.com/research/g3nv97/global_cable?w=12

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Related Topics: Wire and Cables

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