Press release
Explosion-proof Cable Glands Market by Type (Increased Safety, Flameproof, EMC, and Others), Cable Type (Armored and Unarmored), Material (Brass, Steel, Plastic/Nylon, and Others) and End User (Oil & Gas, Mining, Chemical, Manufacturing & Processing, and
Explosion Proof Cable Glands Market
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. 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.
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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.
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.
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.
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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.
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.
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, 2017-2024
FIGURE 03. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, BY REGION, 2017-2024
FIGURE 04. TOP INVESTMENT POCKETS: EXPLOSION-PROOF CABLE GLANDS MARKET
FIGURE 05. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*
FIGURE 06. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018*
FIGURE 07. TOP WINNING STRATEGIES, BY COMPANY, 2015-2018*
FIGURE 08. MODERATE BARGAINING POWER OF BUYERS
FIGURE 09. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10. LOW-TO-MODERATE OF NEW ENTRANTS
FIGURE 11. MODERATE OF SUBSTITUTES
FIGURE 12. MODERATE COMPETITIVE RIVALARY
FIGURE 13. MARKET SHARE ANALYSIS: EXPLOSION-PROOF CABLE GLANDS MARKET, 2017 (%)
FIGURE 14. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, BY TYPE, 2017-2024
FIGURE 15. COMPARATIVE ANALYSIS OF INCREASED SAFETY MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 16. COMPARATIVE ANALYSIS OF FLAMEPROOF MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 17. COMPARATIVE ANALYSIS OF EMC MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 18. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 19. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, BY CABLE TYPE ,2017-2024
FIGURE 20. ARMORED EXPLOSION-PROOF CABLE GLANDS MARKET BY GEOGRAPHY 2017-2024, ($MILLION)
FIGURE 21. COMPARATIVE ANALYSIS OF ARMORED MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 22. UNARMORED EXPLOSION-PROOF CABLE GLANDS MARKET BY GEOGRAPHY 2017-2024, ($MILLION)
FIGURE 23. COMPARATIVE ANALYSIS OF UNARMORED MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 24. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, BY MATERIAL, 2017-2024
FIGURE 25. BRASS EXPLOSION-PROOF CABLE GLANDS MARKET BY GEOGRAPHY, 2017-2024, ($MILLION)
FIGURE 26. COMPARATIVE ANALYSIS OF BRASS MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 27. STEEL EXPLOSION-PROOF CABLE GLANDS MARKET BY GEOGRAPHY 2017-2024, ($MILLION)
FIGURE 28. COMPARATIVE ANALYSIS OF STEEL MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 29. PLASTIC/NYLON EXPLOSION-PROOF CABLE GLANDS MARKET BY GEOGRAPHY 2017-2024, ($MILLION)
FIGURE 30. COMPARATIVE ANALYSIS OF PLASTIC/NYLON MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 31. OTHERS EXPLOSION-PROOF CABLE GLANDS MARKET BY GEOGRAPHY 2017-2024, ($MILLION)
FIGURE 32. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 33. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, BY END-USER, 2017-2023
FIGURE 34. COMPARATIVE ANALYSIS OF OIL & GAS MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 35. COMPARATIVE ANALYSIS OF CHEMICAL MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 36. COMPARATIVE ANALYSIS OF MINING MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 37. COMPARATIVE ANALYSIS OF MANUFACTURING & PROCESSING MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 38. COMPARATIVE ANALYSIS OF OTHERS MARKET BY COUNTRY, 2017 & 2024 (%)
FIGURE 39. GLOBAL EXPLOSION-PROOF CABLE GLANDS MARKET, BY REGION, 2017-2023
FIGURE 40. NORTH AMERICA EXPLOSION-PROOF CABLE GLANDS MARKET, BY REGION, 2017-2023
FIGURE 41. U.S. EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 42. CANADA EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 43. MEXICO EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 44. EUROPE EXPLOSION-PROOF CABLE GLANDS MARKET, BY REGION, 2017-2023
FIGURE 45. UK EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 46. GERMANY EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 47. FRANCE EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 48. SPAIN EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 49. ITALY EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 50. REST OF EUROPE EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 51. ASIA-PACIFIC EXPLOSION-PROOF CABLE GLANDS MARKET, BY REGION, 2017-2023
FIGURE 52. CHINA EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 53. INDIA EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 54. JAPAN EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 55. AUSTRALIA EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 56. SINGAPORE EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 57. LAMEA EXPLOSION-PROOF CABLE GLANDS MARKET, BY REGION, 2017-2023
FIGURE 58. LATIN AMERICA EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 59. MIDDLE EAST EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 60. AFRICA EXPLOSION-PROOF CABLE GLANDS MARKET REVENUE, 2017-2024($MILLION)
FIGURE 61. EATON: NET SALES, 2014-2016 ($MILLION)
FIGURE 62. EATON: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 63. EATON: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 64. ELSEWEDY ELECTRIC: NET SALES, 2014-2016 ($MILLION)
FIGURE 65. ELSEWEDY ELECTRIC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 66. EMERSON: REVENUE, 2015-2017 ($MILLION)
FIGURE 67. EMERSON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 68. EMERSON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
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