Explosion-proof Cable Glands Market Expected to Reach $174.9 million, Globally, By Top Key Players: CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidmller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, L

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.

The cable gland also known as cable connector is a device designed to connect electrical devices, which provides support, sealing, retention, insulation, and earthing. Explosion proof cable glands, also known as sealing glands or strain reliefs that facilitate barrier penetration and offer sealing protection. They can be utilized with probes, wires, power, and signaling cables. Manufacturers offer an extensive range of Explosion-proof cable glands depending upon material, mode of utilization, cable size, type of cable, pressure range and others.

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Explosion-proof cable glands are used to increase safety in hazardous environment with features such as high load bearing capacity and robust design. Apart from sealing wires and cables, these glands provide other functions such as earthing, environmental protection, ingress protection, and strain relief.

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.

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.

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These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Analyst Review:

The cable gland also known as cable connector is a device designed to connect electrical devices, which provides support, sealing, retention, insulation, and earthing.

The global explosion proof cable glands 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, due to the increase in number of refineries and stringent government regulation regarding safety.

Based on type, the explosion proof cable glands include increased safety, flameproof, EMC, and others. Flameproof contributed a significant revenue to the market, majorly from the U.S. By cable type, the armored segment is anticipated to witness the highest growth rate during the forecast period. Furthermore, based on region, Asia Pacific was the highest contributor, in terms of revenue, to the explosion proof cable glands market, in 2017.

The key market players have adopted various strategies, such as new product launch, business expansion, and strategic alliances to increase awareness about the explosion proof cable glands market across various countries.

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