Press release
Cable Glands Market 2021 by Type, Size, Growth and Forecast- Amphenol Corporation, Bartec Group, CMP Products Limited
Cable Glands Market by Component, Application, Services, and Region- Forecast to 2026The Global Cable Glands Market Research Report 2021-2026 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Cable Glands business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Cable Glands worth chain and its wholesaler examination. Cable Glands Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The market was valued at USD 1611.22 million in 2020 and is expected to reach a value of USD 3286.95 million by 2026, at a CAGR of 6.90% over the forecast period (2021 - 2026).
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Top Leading Companies of Cable Glands Market are Amphenol Corporation, Bartec Group, CMP Products Limited, Eaton Group – (Cooper Crouse-Hinds Electric Company), ABB Ltd, Cortem SpA, Emerson Industrial Automation, Elsewedy Electric, Hubbell Incorporated, Jacob Gmbh, R.Stahl Ag, Sealcon LLC, Warom Technology Incorporated, TE Connectivity, and others.
-Cable Glands Market Analysis
-Industry News And Updates on Cable Glands Market-
November 2018: Amphenol Corporation announced that it entered into a definitive agreement to acquire SSI Controls Technologies (SSI), the sensor manufacturing division of SSI Technologies Inc., for approximately USD 400 million plus a performance-related contingent payment. The transaction is subject to certain regulatory approvals and also other customary closing conditions, and is expected to close by early 2019.
- February 2019: Klein Tools acquired the Wattmaster and Alco brands, based in Australia. Alco was the first in the market to offer metal cable glands designed in Australia, to meet Australian and international standards.
-Key Market Trends Cable Glands Market-
Cable glands find their application among aircraft and space vehicle, including military application, as they are used across the electrical equipment in aircraft for defense services. Cable glands withstand fire propagation, explosion, and protect against the entry of water, oil, or any other kind of liquids into the panel compartment. In aerospace equipment, these are majorly used for ground support applications, as well as communication systems, to seal the valves, thus providing an added advantage over electrical sensing devices.
- For instance, the Ventilation Cable Gland DAK 284, by STEGO Elektrotechnik GmbH, is used to lead cables and wires into cabinets and enclosures, and it allows for pressure compensation within the enclosure, thereby minimizing a separate work step to install pressure compensation devices.
- Factors, such as minimization of maintenance costs, increasing need for better utilization of resources and materials, protection from dust and moisture present in space vehicles, enhancing the performance as well as safety systems are majorly driving the growth in the adoption of cable glands in this sector.
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Reasons for purchasing this Report-
-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Cable Glands in to ultimately get accurate results.
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