Cable Glands Market Size US$ 2,542 Million, Growth Rate (CAGR) of 6.1%, Top Companies and Forecast Report 2023-2028

According to IMARC Group's latest report, titled "Cable Glands Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global cable glands market size reached US$ 1,762 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,542 Million by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

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A cable gland is a mechanical fitting attached at the end of an electric cable to offer barrier penetration and sealing protection. It is manufactured from polyvinyl chloride (PVC), nylon, and synthetic rubbers and has a smooth and round external surface that prevents the accumulation of foreign pollutants, bacteria, and dust. It can be used with probes, wires, power, and signaling cables. Additionally, cable glands offer earthing, grounding, bonding, insulation, and strain relief; thus, it is employed across semiconductor manufacturing, pharmaceutical labs, food chemical production, and processing industries. Currently, cable glands are commercially available in varying materials, modes of utilization, and pressure range types.

Cable Glands Market Trends:

The rising demand for effective cable management systems across numerous industries with hazardous working environments is primarily driving the market growth. Moreover, the extensive usage of cable glands over electric sensing devices in the aerospace industry to manage ground support applications, communication systems, and mechanical cable assemblies is favoring the market growth. Additionally, the implementation of favorable government initiatives supporting the renewal and upgradation of network systems and local connectivity are propelling the market growth. Moreover, the ongoing establishment of diverse residential and commercial infrastructures has facilitated the adoption of cable glands in junction boxes, electric panels, and power connectors in buildings, which, in turn, is acting as a growth-inducing factor. Besides this, the extensive product utilization in electric vehicles (EVs) and smart grids and the advent of cable glands manufactured using volatile raw materials are contributing to the market growth.

Cable Glands Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global cable glands market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

ABB Ltd, Amphenol Corporation
CMP Products Limited (British Engines Group)
Cortem SPA
Eaton Corporation PLC
Elsewedy Electric Co S.A.E
Emerson Electric Co.
Hubbell Incorporated
Hummel AG
Stahl Aktiengesellschaft
Sealcon LLC
Warom Technology Incorporated Company.

Key Market Segmentation:

The report has segmented the global cable glands market on the basis of cable type, type, material and end user.

Market Breakup by Cable Type:

Armoured
Unarmoured

Market Breakup by Type:

Industrial
Hazardous

Breakup by Material:

Brass
Stainless Steel
Plastic and Nylon
Others

Breakup by End User:

Oil and Gas
Mining
Aerospace and Defense
Manufacturing and Processing
Chemical
Others

Breakup by Region:

North America
Europe
Asia Pacific
Latin America 
Middle East and Africa

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Key Highlights of the Report:                                                           

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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