The worth of Cable Glands market has been estimated to be of USD 1.51 billion in 2015 and is forecasted to grow at a CAGR of 6.1% over the forecast period to reach a projected worth of USD 2.03 billion in 2020. Cable Glands, which are more commonly known as sealing glands or connectors or fittings are bulk headed mechanical cable entry devices which allow barrier penetration and used to pass a cable or a tube or wire into an enclosure and secure the sealing cable ends from dirt, liquids and dust. They play a vital role in cable management systems.
Cable glands are used as termination devices for providing stain relief and to connect to suitable means of specific design type, by maintaining the characteristics adequately. They have the ability to seal multiple wires, probes or cables and at times can be configured to work with any sort of cables within a pre-defined size range. They provide sealing, bonding, insulation, grounding, retention or any of the combinations for a cable entry in to any electrical equipment. The cable glands have wide spread end usage across many industrial verticals. A few cable glands applications include aerospace, fire protection, instrumentation, marine, railway, data and telecommunications, clean room glands, enclosure or panel, control, electrical power and etc. The currents trends in the markets of cable glands are quite promising and to mention a few, the construction industry boom in the emerging economies, markets penetration into the healthcare industry, high performance solutions for industries in harsh environments, growth in online retail industry develops the channels for the online sales and etc. are making the markets seem lucrative.
The cable glands market has been driven by many key factors in this forecast period such as upgradation and renewal of existing networks in the developed economies, surge in construction industry among BRICS countries, rise in energy demand levels globally coupled with the rise in population, key infrastructure development projects among Middle East and North Africa regions and recovering constructions among the well-developed regions. Since cable glands are an integral part of cable management system, the former’s market find its place in majority of the latter’s market as well. A few market hindrances are the volatile or inconsistent nature of the raw material prices and fragmentation in the regional markets.
The global market of cable glands can be segmented based on several parameters by the following criteria: Type, Cable type, Material, Industry verticals and Geography. Based on the type of cable glands, the market is segmented into Hazardous Area Cable glands and Industrial Cable glands. Industrial Cable glands hold the major share of the cable gland market based on type of cable. Armored and Unarmored/non-armored cable glands is segmentation based on Cable type. On the basis of the material the cable glands are made up of, the market is segmented as Plastic cable glands, brass cable glands, aluminum cable glands and stainless steel cable glands. Brass cable glands has been dominating the market over the other types. Aerospace, Constructions, Manufacturing and Processing, Oil and gas, Power and Utilities and other sectors (Chemicals, Marine, Mining) come under Industry verticals segment.
The study on geographical coverage include the behavior of the markets in America, Europe, Asia-Pacific (APAC), Middle East and Africa. Countries like India, Brazil, South Africa, China and others are few among the promising economies. The markets in North America and Europe are quite competitive and consolidated. The regulations in these regions are very stringent and it makes the markets well organized and even more competitive. Whereas in the Asia Pacific region, less stringent regulations on these systems and many number of local manufacturers make these markets ill organized and so fragmented. The market leaders in cable glands market are Amphenol Industrial Products Group, Bartec feam, Bartec Group, CMP Products, Copper Crouse-Hinds, Caledonian Cables Ltd., Cortem Group, Emerson Industrial Automation, Elsewedy Electric, Hubbell Inc., Jacob GmbH, Metal Craft Industries, R. Stahl AG, Sealcon LLC, Warom Group.
Key deliverables in the Study
Market definition of Cable Glands in the global market along with market drivers and restraints. Market segmentation and the corresponding market share analysis. Global and region specific competitive market analysis of Cable Glands. Analysis on the key factors which influence the market scenarios along with the growth opportunities. Identifying the market leaders and analyzing their strategic moves and their market share. Covers the market landscape with the geographical foot print, key growth strategies and competitive market share analysis. This report provide in-depth analysis for the Porter’s five forces of the market. All these five major factors in the market have been quantified using the internal key parameters governing each of them.