CABLE GLANDS MARKET IS ESTIMATED TO HIT $2.725 BILLION BY 2023

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 Business 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 Industry 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 Business, 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 Business 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 Utility segment in the cable glands Business 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 machinery 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.

To access the full report browse the link below

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 Business 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.

Cable Glands Industry By Type:

Industrial Cable Glands

Hazardous Area Cable Glands

Increased Safety (Ex ‘e’)

Flameproof (Ex ‘d’)

Other Hazardous Cable Glands

Cable Glands Industry By Disease Materials:

Brass Cable Glands

Stainless Steel Cable Glands

Plastic Cable Glands

Others

Cable Glands Industry By Cable Type:

Armored

Unarmored/Non-Armored

Cable Glands Market By Cable Industry Verticals:

Manufacturing & Processing

Oil & Gas

Mining

Aerospace

Chemicals

Marine

Power & Utilities

Construction

Others

Cable Glands Industry By Geography ( Covers 12+ Countries )

Cable Glands Business 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+

What can you expect from the report?

The Cable Glands Business  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

Media Contact:

Mr. Venkat Reddy

Sales Manager

Email 1: sales@industryarc.com

Or Email 2: venkat@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC:

IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights into the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

We look forward to supporting the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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