Global Cable Glands Market 2017-2021

Overview of the global cable glands market

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.

Competitive landscape and key vendors

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-

• Amphenol Industrial Products
• Caledonian Cables (Addison Cables)
• CMP Products
• Cortem
• Eaton

The other prominent vendors in the market are ABB, Axis Communications, BARTEC, BEISIT ELECTRIC, bimed, CCG Cable Terminations, Dowell's, and Elsewedy Electric.

Segmentation by material type and analysis of the cable glands market

• Plastic or polymer glands
• Metal glands

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.

Segmentation by geography and analysis of the cable glands market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cable glands market?
• What are the key market trends impacting the growth of the global cable glands market?
• What are the challenges to global cable glands market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global cable glands market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global cable glands market?

Technavio also offers customization on reports based on specific client requirement.