Press release
Explosion Proof Cable Glands Market 2021 Size, Industry Growth, Share, Opportunities, Emerging Technologies and Global Trends by Forecast 2024
global explosion-proof cable glands market accounted for $174.9 million in 2017 and is expected to reach $269.4 million by 2024, registering a CAGR of 6.4% during the period 2018–2024.Rise in number of refineries and stringent government regulation regarding safety are the major drivers of the global explosion-proof cable glands market. However, the volatile nature of raw material prices hampers the market. On the contrary, rise in installation of data centers is expected to create lucrative opportunities in the near future.
Allied Market Research recently published a report titled, “Explosion proof Cable Glands Market: Global Opportunity Analysis and Industry Forecast 2020-2027’’.The market report presents the top factors and market trends that are real behind the growth of the market. It also offers an extensive study of evolving market dynamics, top investment pockets, key sections, competitive scenarios, value chain, and major investment prospects. These figures and data are helpful for startups, stakeholders, investors, and the key market players to obtain useful understandings and visions on the market and implement necessary strategies based on the same.
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Competitive Analysis:
Leading market players profiled in the global Explosion proof Cable Glands Market report include 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 several strategies including joint ventures, expansions, mergers & acquisitions, colla`borations, and new product launches to strengthen their position in the industry.
Covid-19 Impact on the Global Explosion proof Cable Glands Market:
Explosion proof Cable Glands Market Research Report offers an outline of the market based on basic parameters such as market size, sales analysis, and key drivers. The market is expected to expand on a large scale during the forecast period (2021-2024). This report includes COVID-19 impacts on the market. The unprecedented arrival of the coronavirus pandemic (COVID-19) has troubled the complete lifestyles. This in turn has affected some of the market situations along with introducing new norms. The broad view of the research report, therefore, provides the users with the total impacts of covid19 on the industry and the market players.
COVID-19 Scenario:
Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on research and development of new products.
However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of products in certain locations.
Get detailed COVID-19 impact analysis on the Explosion proof Cable Glands Market @ https://www.alliedmarketresearch.com/request-for-customization/4635?reqfor=covid
Explosion proof Cable Glands Market Segmentation:
The global explosion-proof cable glands market is divided on the basis of type, cable type, material, end user, and geography. Based on type, the market is segmented into increased safety, flameproof, EMC, and others. The flameproof segment held the largest share in 2017, contributing more than two-fifths of the market. However, the EMC segment is projected to manifest the fastest CAGR of 7.0% during the forecast period.
Explosion proof Cable Glands Market Geographical Analysis:
The report also provides a regional analysis of the market along with the competitive setting in each region. The research report encompasses regions including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These segmentations aid the market players in framing respective tactics, thus leading way to lucrative opportunities to attain their objectives.
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Explosion-proof Cable Glands Market Key
Segments:
By Type
Increased Safety
Flameproof
EMC
Others
By Cable type
Armored
Unarmored
By Material
Brass
Steel
Plastic/Nylon
Others
By End user
Oil & Gas
Mining
Chemical
Manufacturing & Processing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Singapore
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market share analysis, 2017 (%)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in number of refineries
3.5.1.2. Stringent government regulation regarding safety
3.5.2. Restraint
3.5.2.1. Volatile nature of raw material prices
3.5.3. Opportunity
3.5.3.1. Increase in installation of data centers
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About Us
AMR (Allied Market Research) is an end-to-end market research and business-consulting annex of Allied Analytics LLP based in Portland, Oregon. AMR takes pride in offering global enterprises as well as SMEs with market research reports and business intelligence solutions that are nonpareil in nature. AMR comes up with a well-targeted view to deliver rich business insights help its clientele make tactical business choices and accomplish viable growth in their respective market sphere.
We share professional corporate affairs with a number of renowned organizations that helps us in digging out proper market data which, in turn, gives way to utmost accuracy in our market forecasting. Each and every data presented in our reports is exclusively hauled out through primary discussions with top representatives from the leading organizations of the respective domains.
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