Global cable glands market provides devices that permit the entry of a cable, which delivers sealing and retention. These cable entry devices can be used in several industries in accord with cable and wiring, which is typical of use in automation systems and electrical instrumentation. The connectors are usually made of various type of steel, plastic, brass, or aluminum. The usage of the type of material depends on the requirement; for example, the synthetic rubber or elastomer minimizes water adhesion. The cable glands contain two gland halves and a split sealing grommet, which is fixed using a hexagonal locknut. The rising use of cable glands in many applications is further boosting the growth of the cable glands market in the forecast period 2019-2027. Global cable gland market generated a revenue of $XX billion in 2018 & is projected to reach $ 3077 million by 2027, at a CAGR of 5.95%. The base year considered for the study is 2018 & the estimated period is between 2019 & 2027.

Key factors that are driving the global cable glands market advancement are as follows:

• Government initiatives are boosting the demand for cable glands
• Modernization and restoration of present networks in developed countries
• Increasing demand for construction strategies worldwide
• Expansion in the automation sector.

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Global cable glands market is primarily driven by the rising population coupled with increasing demand for construction activities worldwide, which is driving the market in the forecast period 2019-2027. The need for innovative technologies and excessive use of hazardous cable glands is further driving the market in the forecast period 2019-2027.

In 2018, Plastic/Nylon in the material segment in the cable glands market accounted for the largest share of 18.81% in the materials segment. Cable glands market in plastic/nylon is mainly driven by the increasing demand for plastic cable glands in the automotive industry, which is driving the market in the forecast period 2019-2027.

The plastic cable connectors are frequently used for outdoor use as they are lightest gland elements compared to other raw materials. The economic nature of the plastic /nylon cable gland is fueling the demand for plastic cable connectors in the upcoming years, thereby driving the growth of the market in the coming years. The key players in the market are constantly innovating the cable glands, which are used in sealing glands and for usage in different industries like chemical, automotive, oil, and gas. The strategic initiatives by the key players to acquire smaller businesses coupled with increased competition in the market is driving the cable gland market in the forecast period.

The increasing inclination of the aerospace sector in the cable glands market is also boosting the demand for cable glands market as these provide lightweight cable glands that are in high demand in the coming years, thereby helping the market to grow.

With the growing reception of cable glands, the global market is also facing a few drawbacks. The fragmentation of the market is one of the major concerns looming over the cable gland market as it leads to fewer innovations in the market. The disparity in production of the cable glands without consideration of the standards for the manufacturing of the product has diluted the entry of new players in the market, thereby challenging the market in the forecast period 2019-2027. However, the presence of new entrants innovating with the products and development of products to improve the cable management market will drive the market in the forecast period 2019-2027.

The scope of the global cable gland market report covers segmentation by type, cable type, material, application, and region. 

Market by Type:

• Industrial
• Hazardous
  • Increased Safety
  • EMC Cable Glands
  • Flameproof
  • Others

Market by Cable Type:

• Armored
• Unarmored

Market by Material: 

• Plastic/Nylon
• Brass
• Stainless Steel
• Others

Market by Application:

• Oil & Gas
• Aerospace
• Mining
• Chemical
• Manufacturing & Processing
• Others (Marine, etc.)

Geographically, the global cable glands market has been segmented on the basis of four major regions, which are:

• North America cable glands Market: the United States & Canada
• Europe cable glands Market: Italy, United Kingdom, France, Germany, Spain, Russia & Rest of Europe
• Asia Pacific cable glands Market: China, India, Japan, Australia, Singapore, South Korea, & Rest of Asia Pacific
• Rest of World cable glands market: Latin America, Middle East & Africa

North America is the leading region for the cable glands market with around 32.74% market share in 2018 in terms of revenue. The dominance of North America is credited to the abundant presence of several key market players that are offering the services in the region. The key players are ABB Ltd., Amphenol Corporation, Emerson Electric Co., and Jacob GmbH.

Additionally, the cable glands market in North America is proliferating owing to the rising initiatives by the government and the key players in the region, which are constantly innovating products that are improving the global market in the forecast period 2019-2027. For example, the increasing investments by the government in the region to improve the public infrastructure coupled with penetration into new domains is boosting the market industry in the region as a result of continuous advances in the market.

The Asia Pacific is the fastest growing regional market during the forecast period. This mounting growth in the Asia Pacific region is due to the favorable government policies that are backing the development coupled with increasing exports in crude oil and petrochemical industries.

Amphenol Corporation has recently launched Durometer AHDP, which is a plastic connector cable that provides an efficient bayonet locking and is able to withstand harsh conditions. The increasing developments by the company to improve the product functionality is also helping the market to grow in the forecasted period of 2019-2027.

The global cable glands market has been segmented by type, cable type, material, and application. The type segment is further sub-segmented into industrial and hazardous. The cable-type segment comprises of armored and unarmored. The materials segment is further divided into brass, stainless steel, plastic/nylon, and others. The application segment is divided into oil & gas, mining, aerospace, manufacturing & processing, chemical, and others segment.

The market has the presence of several players, and some of the prominent players involved in the global cable glands market are as follows:

• ABB Ltd.
• Amphenol Corporation
• Eaton Corporation
• others

The company profiles of prominent market players are discussed in detail. Most of the companies are looking for strategies such as new product launch, agreements, partnership, contracts, and merger & acquisition, to gain a competitive edge over other companies. For instance, in March 2019, CMP Products strengthened its African presence with a new 516 m² warehouse/office facility, and the appointment of a new management team. The growing expansions are further boosting the demand for cable glands in the forecast period 2019-2027.

Key findings of the global cable glands market are:

• North America leads the global cable glands market by capturing the largest market share of around 32.74 % in 2018
• The focus of market players is to innovate the cable glands products present in the market constantly
• Increasing demand for cable glands in the aerospace sector is boosting the growth of the market in the forecast period
• The demand for hazardous cable glands in the commercial space is boosting the growth of the market in the forecast period 2019-2027.