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Cable Glands Market to grow at a CAGR of 6.1% till 2023
Cable Glands Market
The global Cable Glands Market generated revenue of $1,667 million in 2016 and is projected to reach $2,513 million by 2023, registering a CAGR of 6.1% during the forecast period, i.e. from 2017 to 2023. In 2016, the armored segment is anticipated to grow at the highest rate during the forecast period.
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The global Cable Glands Market is segmented based on type into industrial & hazardous. The market is also divided by cable type into armored and unarmored. The market is further categorized by different material, which includes brass, nylon/plastic, stainless steel, and others; and by end user into oil & gas, mining, aerospace, manufacturing & processing, chemical, and others; and analyzed across four geographical regions, namely, North America, Europe, Asia-Pacific and LAMEA.
Key Findings of the Cable Glands Market:
In 2016, Asia-Pacific dominated the global market with approximately one-third share in terms of value. Asia-Pacific is estimated to witness the highest growth rate during the forecast period. In 2016, China was the leading revenue contributor to the Asia-Pacific cable glands market. The brass cable glands segment by material generated the highest revenue to the global market in 2016, and is expected to grow at a CAGR of 6.1%. The plastic/nylon segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 6.8%.
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Key Players of the Cable Glands Market:
The key players of the Color Cosmetics Market are Amphenol Industrial Products Group, Bartec Feam, CMP Products, Copper Crouse-Hinds, Cortem Group, Elsewedy Electric, Jacob Gmbh, Metal Craft Industries, Sealcon LLC, Warom Group, Wiska, Weidmller Interface GmbH & Co. KG, Agro AG and Hummel AG.
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