Cable Glands Market: was valued at US$ 1.93 Bn. in 2021, it is expected to grow at a CAGR of 6.2% for the period 2022-2029. Thanks to the growing trend armored segment use have boosted demand for Global Cable Glands Market.

Cable Glands Market Overview: 

The purpose of this report is to provide a thorough examination of the Cable Glands Market by segments and geographics. The study goes into great detail on the primary factors influencing the Cable Glands market's growth. The study also offers a comprehensive analysis of the market's value chain.

The cable gland is a device used to secure the end of the electrical cable to the equipment. Types of cable glands available are single compression, double compression, and flexible hose. They are made from metallic and nonmetallic materials such as brass, aluminum, plastic, nylon, polyvinyl chloride (PVC), and steel, depending on the application.

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Market Scope:

The "Global Cable Glands Market Analysis" is a detailed investigation of the Cable Glands market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Cable Glands market as well as detailed market segmentation by application, end-use, and geography. The Cable Glands market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Cable Glands players, as well as noteworthy industry trends and opportunities.

The research method used to assess and anticipate the Cable Glands market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Cable Glands market was calculated using the revenue of significant enterprises.

Segmentation: 

The market for cable glands is divided into armoured and unarmored subsectors based on cable type. With a market share of 55% in 2021, the armoured sector dominated the entire world. These armoured glands are made for wire braid cables that are employed in risky work environments such as chemical plants, the oil and gas industry, wastewater treatment facilities, etc. The biggest supplier of armoured cable glands in India in 2020 is Rajendra Electrical, a company based in India. The absence of protection against mechanical damages, instability in dangerous areas, and only being applicable in fixed installations are the issues limiting the demand for unarmored cable glands. As a result, it is anticipated that the armoured cable gland segment would expand at a CAGR.

The Cable Glands market is divided into the End-User, Manufacturing and Processing, Oil and Gas, Power and Utilities, and Aerospace subsectors. The market leader in the world, with a 2021 market value of US$ 112.3 million, is the oil and gas industry. Due to their excellent temperature resistance, resistance to hostile media, and dependability for explosion protection, cabal glands are widely used in the oil and gas industries. "BP Statistical Review of World Energy" states that the United States held the top spot in refining capacity in 2020 with a daily capacity of 18567 barrels. China, Russia, and India come next. In the market for the cable section, the power and utilities segment came in second. The US, Europe, and China are increasing their investments in the renewable energy sector, such as solar energy.

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Key Players:

The major players covered in the Cable Glands market report 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
• Quanguan Electric
• Warom Technology Incorporated
• TE Connectivity Ltd
• Flucon Components
• Geissel
• Gerich
• HUGRO Armaturen
• HUMMEL
• JAINSON
• Lapp
• Axis Communications
• BEISIT ELECTRIC
• bimed
• CCG Cable Terminations

Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Cable Glands Market:

Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Cable Glands market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Cable Glands industry, 

Key Questions Answered in the Cable Glands Market Report are: 

• Which segment grabbed the largest share in the Cable Glands market?
• What was the competitive scenario of the Cable Glands market in 2021?
• Which are the key factors responsible for the Cable Glands market growth?
• Which region held the maximum share in the Cable Glands market in 2021?