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Cable Glands Market Size Is Set To Fly High In Years To Come | 3M, Eaton Corporation PLC, ABB Ltd., Cortem Group, Bartec Group

03-02-2023 02:07 PM CET | Energy & Environment

Press release from: Report Ocean

Cable Glands Market Size Is Set To Fly High In Years To Come | 3M,

According to a new report published by Report Ocean, titled, "Cable Glandss Market by Type, Cable Type, Material, and End Users: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global Cable Glandss market generated revenue of $1,763.0 million in 2017 and is projected to reach $2,841.9 million by 2025, registering a CAGR of 6.1% from 2018 to 2025.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=43321

A Cable Glands, also known as a sealing gland or strain relief, allows the facilitation of barrier penetration while simultaneously offering sealing protection. It can be utilized with probes, wires, power, and signaling cables. It might be used on a wide range of electrical power, control, instrumentation, information, and broadcast communications links. Factors such as upgrade and renewal of existing networks, owing to government regulations, rise in the construction industry among developing countries, rise in energy demand levels globally coupled with the rise in population, and a surge in real estates boost the growth of the market soon.

Based on type, the global Cable Glands market is segmented into industrial and hazardous. The industrial market is anticipated to have major share in the market. The rapid industrialization across the globe, especially in the Asia-Pacific region leads to set up of various industries such as automotive, steel, petrochemical, electronics, and aerospace & defense. This increases the demand for industrial grade Cable Glands for proper transmission of power, earthing, bonding, insulation, and cable guarding. Based on cable type, the market is bifurcated into armored and unarmored. Based on material, it is classified into brass, nylon/plastic, stainless steel, and others. The brass Cable Glands segments holds the major share in the global Cable Glands market owing to its utilization in the petrochemical and oil & gas industries since it provides superior protection against contamination and corrosion in hostile environments.

By end user, the global Cable Glands market is segmented into oil & gas, mining, aerospace, manufacturing & processing, chemical, and others. The oil & gas segment holds the major share in the global Cable Glands market. Various types of cable connectors are utilized in the oil & gas industry. These include cold shrink cable terminations, which are used in onshore refineries as well as in harmful flammable conditions and resin Cable Glands that are used in situations where resistance to hydrocarbons is required. Further, the Cable Glands market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=43321

In 2017, the brass Cable Glands segment was the leading revenue contributor to the global market. However, the plastic/nylon Cable Glands segment is expected to witness healthy growth rates during the forecast period.

Key Findings of the Cable Glandss Market:

The North America region dominated the market and is projected to grow with a CAGR of nearly 6.1%, in terms of revenue, during the forecast period.
The Europe Cable Glands market is anticipated to witness moderate growth rate of 5.8%, in terms of revenue, during the forecast period.
The Asia-Pacific Cable Glands market generated a revenue share of 29.99% in 2017.

The key players analyzed and profiled in this report are Hubbell Incorporated, Emerson Electric Co., Amphenol Corporation, 3M, Eaton Corporation PLC, ABB Ltd., Cortem Group, Bartec Group, CMP Products Limited, Jacob GMBH. Amphenol GEC, a division of Amphenol Corporation is offering new cable protection line of products that protects cable harnesses in virtually any environment. The new product line includes conduits, Cable Glands, tubing, and braided jackets.

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Request full Report :- https://reportocean.com/industry-verticals/sample-request?report_id=43321

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

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