Cable Glands Market Size, Share, Growth, Trends, and Industry Outlook 2026
The Global Cable Glands Market is valued at US$ 1,749.60 million in 2018 and is expected to grow at a CAGR of 5.95% over the forecast period to reach US$ 2,767.20 million by 2026.
(EMAILWIRE.COM, October 16, 2019 ) Cable glands are mechanical cable entry devices. They are used throughout several industries in conjunction with cable and wiring used in electrical instrumentation and automation systems. Cable glands may be used on all types of electrical power, control, instrumentation, data, and telecommunications cables. The growth of product demand in aerospace and manufacturing sectors is poised to positively affect the market scenario, coupled with the need for upgradation of existing cable glands infrastructure. However, the volatility in raw material prices is very high, which might influence consumer decision before installation of end-products, coupled with high maintenance and associated services costs.
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Rapid urbanization and infrastructural growth
High urbanization rates are responsible for the increasing demand for construction and with it, the rise in demand for cable glands. Cable glands are heavily utilized in infrastructure projects, throughout several industries in conjunction with cable and wiring used in electrical instrumentation and automation systems as they are employed extensively in junction boxes, electric panels, and power connectors in buildings.
They also may be used on all types of electrical power, control, instrumentation, data, and telecommunications cables. As large-scale upgradation and construction of oil refineries have resulted in increased demand for cable management tools across the globe. Cable glands are increasingly being deployed in the aviation sector, as they are suitable for insulating and protecting. Moreover, government investment in public infrastructure for upgradation and renewal of existing networks in developed economies is expected to propel the market further.
In the US, a $302 million infrastructure investment has been given for surface transportation under the Grow America Act to improve roads, bridges, transit systems, and railways over a four-year timeframe. Hence, infrastructural growth is likely to boost the demand for cable glands during the forecast period.
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Asia-Pacific to grow at the highest rate in the cable glands market
The global window films market is segmented by geography into North America, Europe, Asia Pacific, South America, The Middle East and Africa.
The Asia Pacific market covers China, Japan, South Korea, India, Australia, and Rest of Asia Pacific in its scope. The Asia Pacific cable glands market is increasing at a steady pace owing to the increasing manufacturing and processing outputs from developing nations of the APAC regions such as China, India, and Japan. According to the United Nations Industrial Development Organization (UNIDO), the manufacturing output of China rose by 6.4% in 2018, the highest in any country in the world. India's manufacturing output grew by 5.3%, and Indonesia's production increased by 4.6%. China and India rank 1st and 5th respectively in the list of countries with high industrial outputs. Thus, the high growth rate of manufacturing output is anticipated to drive the Asia Pacific region to dominate the cable glands market.
The rising trend of digitized automation solutions at factories has gained significant market traction, owing to the additional benefits of streamlining production procedures in an attempt to boost annual throughput rates. According to the statistics published by the National Bureau of Statistics of China, Republic of China, the total industrial profits from China’s manufacturing sector increased from 5,797,500 million Yuan in 2015 to 6,528,100 million Yuan finally surging to 6,635,800 million Yuan in 2017. Thus, the growth of the manufacturing industry is a key indicator of the Asia Pacific Cable Glands Market.
Market Players
The major players in the market include Amphenol Corporation, Bartec GmbH, CMP Products Ltd., Cortem S.P.A, Eaton Corporation plc, El Sewedy Electric Company, Hummel AG, Jacob Gmbh, Sealcon, LLC, Warom Technology Incorporated Company, and among others.
The extensive product portfolio of leading companies, coupled with the commercial availability of the cable glands in diverse variations of composite materials have impacted the competitiveness of the market in an influential manner. The global market reach of the significant market players has enhanced consumer service for an extended consumer base, expanding business activities and strengthening global market position as well.
For instance, on March 12, 2019, CMP Products strengthened its presence in Africa with the opening of a new 516m2 warehouse/office facility in Johannesburg, South Africa. The move strengthens the market presence in Africa through substantial investments and easy access to regional consumers.
Buy this premium research report@ https://www.datamintelligence.com/enquiry/cable-glands-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Browse full report@ https://www.datamintelligence.com/research-report/cable-glands-market
Rapid urbanization and infrastructural growth
High urbanization rates are responsible for the increasing demand for construction and with it, the rise in demand for cable glands. Cable glands are heavily utilized in infrastructure projects, throughout several industries in conjunction with cable and wiring used in electrical instrumentation and automation systems as they are employed extensively in junction boxes, electric panels, and power connectors in buildings.
They also may be used on all types of electrical power, control, instrumentation, data, and telecommunications cables. As large-scale upgradation and construction of oil refineries have resulted in increased demand for cable management tools across the globe. Cable glands are increasingly being deployed in the aviation sector, as they are suitable for insulating and protecting. Moreover, government investment in public infrastructure for upgradation and renewal of existing networks in developed economies is expected to propel the market further.
In the US, a $302 million infrastructure investment has been given for surface transportation under the Grow America Act to improve roads, bridges, transit systems, and railways over a four-year timeframe. Hence, infrastructural growth is likely to boost the demand for cable glands during the forecast period.
Free Download Sample Report Pages for Better Understanding@ https://www.datamintelligence.com/download-sample/cable-glands-market
Asia-Pacific to grow at the highest rate in the cable glands market
The global window films market is segmented by geography into North America, Europe, Asia Pacific, South America, The Middle East and Africa.
The Asia Pacific market covers China, Japan, South Korea, India, Australia, and Rest of Asia Pacific in its scope. The Asia Pacific cable glands market is increasing at a steady pace owing to the increasing manufacturing and processing outputs from developing nations of the APAC regions such as China, India, and Japan. According to the United Nations Industrial Development Organization (UNIDO), the manufacturing output of China rose by 6.4% in 2018, the highest in any country in the world. India's manufacturing output grew by 5.3%, and Indonesia's production increased by 4.6%. China and India rank 1st and 5th respectively in the list of countries with high industrial outputs. Thus, the high growth rate of manufacturing output is anticipated to drive the Asia Pacific region to dominate the cable glands market.
The rising trend of digitized automation solutions at factories has gained significant market traction, owing to the additional benefits of streamlining production procedures in an attempt to boost annual throughput rates. According to the statistics published by the National Bureau of Statistics of China, Republic of China, the total industrial profits from China’s manufacturing sector increased from 5,797,500 million Yuan in 2015 to 6,528,100 million Yuan finally surging to 6,635,800 million Yuan in 2017. Thus, the growth of the manufacturing industry is a key indicator of the Asia Pacific Cable Glands Market.
Market Players
The major players in the market include Amphenol Corporation, Bartec GmbH, CMP Products Ltd., Cortem S.P.A, Eaton Corporation plc, El Sewedy Electric Company, Hummel AG, Jacob Gmbh, Sealcon, LLC, Warom Technology Incorporated Company, and among others.
The extensive product portfolio of leading companies, coupled with the commercial availability of the cable glands in diverse variations of composite materials have impacted the competitiveness of the market in an influential manner. The global market reach of the significant market players has enhanced consumer service for an extended consumer base, expanding business activities and strengthening global market position as well.
For instance, on March 12, 2019, CMP Products strengthened its presence in Africa with the opening of a new 516m2 warehouse/office facility in Johannesburg, South Africa. The move strengthens the market presence in Africa through substantial investments and easy access to regional consumers.
Buy this premium research report@ https://www.datamintelligence.com/enquiry/cable-glands-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results