Global Cable Glands Market Analysis 2021, Size, Top Players with Share, Total Revenues, Product Scope, Business Development and Opportunities till 2030

In a recent published report, Kenneth Research has updated the market report for Global Cable Glands Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Cable Glands Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

A cable gland is a device that allows the user to pass a wire, tube or cable into an enclosure while providing strain relief and sealing out liquids, dirt and dust. Cable glands are used in industrial, commercial and hazardous applications across the world. They are used in conjunction with cable and wiring for instrumentation & control, electrical and automation systems, including lighting, telecoms, power and data. Its main function is to protect the electrical equipment and enclosures by acting as a sealing and terminating device. They are constructed from metallic and/or non-metallic materials that are selected by exposure to corrosion resistance test. It is necessary the cable glands are approved for the selected type of cable and they maintain a level of protection to which they are attached.

Market Dynamics
Cable Glands Market is projected to generate $2,513 million by 2023 at a CAGR of 6.1%. Cable gland may be used on a wide range of control, electrical power, instrumentation, information, and broadcast communications links. Factors such as a surge in the construction industry among developing countries, upgradation and renewal of existing networks owing to government regulations, rise in energy demand levels globally coupled with the rise in population as well as a surge in real estates will spur the growth of this segment over the forecast period. Some of the application for cable glands are found in fire protection, marine, data and telecommunications, enclosure and panels, control, aerospace, railway, electrical power, instrumentation and so on. The currents trends in the markets of cable glands are quite promising such as the markets penetration into the healthcare industry, construction industry boom in the emerging economies, growth in the online retail industry, high-performance solutions for industries in harsh environments, etc. are making the markets seem lucrative.

Market Segmentation
The Cable glands market is segmented into industrial and hazardous. Industrial Cable glands hold the major share of the cable gland market. Based on cable type, it segmented into armoured and unarmored. On materials, it is classified into brass, nylon/plastic, stainless steel and others. Brass cable glands are currently dominating the market over the other types. By end-user, it is divided into mining, aerospace, oil and gas, chemical, manufacturing and processing among others.

Geographic Analysis
The report covers regions in America, Europe, Asia-Pacific, Middle East and Africa. South Africa, Brazil, India and China are among the most promising countries for growth over the forecast period. Markets in North America and Europe are quite consolidated and competitive. The stringent regulations in these regions make the market organized whereas markets in APAC are segmented due to less regulations and many numbers of players.

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Key Players
Some of the key players in the Industry are BartecFeam, Amphenol Industrial Products Group, Metal Craft Industries, CMP Products, Copper Crouse-Hinds, Cortem Group, Weidmller Interface GmbH & Co. KG, Elsewedy Electric, R. Stahl AG, Jacob Gmbh, Emerson Industrial Automation, Warom Group, Wiska, Agro AG, Hummel AG, Sealcon LLC among others.

Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and the Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage 

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About Kenneth Research

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