Explosion Proof Cable Glands Market is Expanding Due to Increase in Installation of Data Centers

According to a new report by Allied Market Research, titled, Global Explosion Proof Cable Glands Market by Type and Cable Type, Material, and by End User: Global Opportunity Analysis and Industry Forecast, 20182024, The global explosion proof cable glands market was valued at $174.9 million in 2017, and is projected to reach $269.4 million by 2024, registering a CAGR of 6.4% from 2018 to 2024.

Access Full Summary at : https://www.alliedmarketresearch.com/explosion-proof-cable-glands-market

An explosion proof cable gland, also known as sealing gland or strain relief, facilitates barrier penetration and offers sealing protection. It can be used with probes, wires, power, and signaling cables.

The government is playing an important role in driving the now $174.9 Bn explosion proof cable glands market. Stringent government regulations across the globe have made it mandatory for the industries with hazardous environment to use safety equipment. For instance, in April 2016, Bureau of Safety and Environmental Enforcement, U.S. announced new safety rules to secure the safety requirements on underwater drilling equipment and well-controlled operations. The new safety rules, in particular, will tighten controls on industry-standard devices to prevent explosions in undersea oil & gas wells.

In 2017, the flameproof segment dominated the explosion proof cable gland market, in terms of revenue, due to increase in number of refineries. Based on region, Asia Pacific was the highest revenue contributor to the market in 2017, accounting for around 33.0 %share, due to increase in installation of data centers.

Get the PDF brochure: https://www.alliedmarketresearch.com/request-sample/4635

With rise in production of diesel, gasoline, and jet fuel, developments in heavy refinery projects such as installation of regasification plants, increase in conversion capacity, and upgradation in refining, there is a requirement for installation of explosion proof cable glands, which boosts the demand for explosion-proof cable during the forecast period.

The government of various countries across the globe have made it mandatory for the industries working in a hazardous environment to follow proper safety measures for the operations to run smoothly. Safety equipment such as explosion-proof cable glands provide protection from the uncertain and hazardous environments such as dust and explosive gases. Thus, the government plays an important role to fuel the demand for explosion proof cable glands.

Make a purchase enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4635

The raw materials used to develop explosion-proof cable glands include brass, steel, plastic, and others. The unstable prices of these essential ingredients have affected the global market. This is responsible for the growth of the explosion-proof cable glands market in the future.

The report features a competitive scenario of the explosion proof cable glands market and provides a comprehensive analysis of the key growth strategies adopted by the major players. The key players in the global market are CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidmller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, LLC), Emerson Electric Co. (APPLETON GRP LLC), Amphenol Industrial Products Group, and Cortem Group. These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Key Benefits

• The report includes in-depth analysis of different segments and provides market estimations between 2018 and 2024.
• Porters Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
• The key market players are profiled to understand the strategies adopted by them.
• This report provides a detailed analysis of the current trends and future estimations from 2018 to 2024, which helps identify the prevailing market opportunities.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.