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Several countries across the globe are witnessing rapid industrialization and the industrial sector is the largest end-user of cable glands. Technavio’s market research report has identified the growth of the industrial sector in several nations as one of the primary factors that will fuel the growth of the cable glands market in the coming years. Cable glands find its utilization in industries due its features that allow sealing of cable terminals or entry/ exit nodes to provide an isolated environment for electrical or electronic connections. Several manufacturing industries are continuously investing in this segment which will drive the market in the next five years. Commercial aircraft manufacturers such as Boeing and Airbus are also planning to expand their operational capacity to meet the growing demand of commercial aircraft. With the growth of these manufacturing industries, the market will grow significantly during forecast period. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 6% by 2021.
The rising demand for hygienic cable glands is one of the key trends that will gain traction in the cable gland market during the next few years. Hygienic cable glands find its application in food and dairy processing industry, pharmaceutical labs, the chemical production, and processing industry. Owing to the smooth surface finish, hygienic cable glands can be cleaned quickly using water jets. Several advantages which are driving the market are easier wash-ability compared with conventional cable glands, high resistance to chemicals, and high-grade corrosion resistant stainless steel. These advantages are increasing the popularity of cable glands among various end-users.
The cable glands market is highly fragmented due to the presence of various large, regional, and local vendors. The large and medium vendors are well-diversified business enterprises and several major vendors operate in the US and European countries, whereas, the small vendors are scattered across the globe. With the increasing competition, the vendors have the need to develop genuine products and prevent the usage of counterfeit products to sustain the competitive environment
The leading vendors in the market are-
The other prominent vendors in the market are ABB, Axis Communications, BARTEC, BEISIT ELECTRIC, bimed, CCG Cable Terminations, Dowell's, and Elsewedy Electric.
During 2016, the metal glands segment accounted for the major share of the cable glands market. Metal glands are strongly build, can withstand tough environmental conditions, and are resistant to high levels of chemicals. As a result, they are highly preferred over the other non-metallic materials. This will drive the growth of this electrical cable gland market in the metals segment during the next few years as well.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the cable glands market throughout the forecast period. APAC has the presence of several manufacturing and export oriented countries which makes the region ideal for the growth of the electrical cable gland market. Moreover, the growth of automotive and construction industry in this region, will also be one of the major factors fueling the growth of the market in APAC.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY MATERIAL
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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