Cable Glands Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032
Cable glands market is anticipated to grow at a CAGR of 7.8% during the forecast period (2024-2031). Cable glands provide a protective barrier around the entry point of cables into enclosures, machinery, or equipment. Cable glands prevent the cables from being exposed to environmental factors such as dust, moisture, chemicals, and physical damage, which can extend the lifespan of the cables and reduce the risk of electrical faults. cable glands can reduce cable failures and associated downtime in industrial or critical applications, leading to increased productivity and cost savings, which drive the demand for cable glands in the market. Factors such as upgrade and renewal of existing networks, owing to government regulations, the surge in the construction industry among developing countries, the rise in energy demand levels globally, the increase in population, and growth in real estate are expected to drive the growth of the cable glands market soon.
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The rising demand for industrial automation boosts the growth in the cable glands market by necessitating efficient and secure cable management solutions. Industrial automation depends heavily on electrical and electronic systems for operations, requiring strong cable connections to ensure smooth functioning and safety. Cable glands are used to protect against environmental factors such as dust, moisture, and vibration while securing cables in place. As industries increasingly adopt automation to enhance productivity and efficiency, the need for reliable cable glands grows exponentially. The growth of sectors such as manufacturing, energy, and transportation further strengthens this demand. Cable glands manufacturers in the cable glands market are presented with lucrative growth opportunities as they provide the evolving needs of industrial automation, offering innovative and durable solutions to meet the demands of modern industrial settings.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Cable Glands Market Report Segment
By Material
- Brass
- Stainless Steel
- Plastic/Nylon
By Cable Type
- Armored
- Unarmored
By Type
- Industrial
- Hazardous
By End-User
- Oil and Gas
- Mining
- Aerospace and Defense
- Manufacturing and Processing
- Chemical
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global connector market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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