Cable Glands Market Research, 2032
The global cable glands market was valued at $2.4 billion in 2022, and is projected to reach $4.5 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.
Report Key Highlighters:
- The cable glands market has been analyzed in terms of value ($ million) covering more than 15 countries.
- For growth prediction, we have looked into historical trends including present and future activities of key business players.
- The report covers detailed profiling of the major 10 market player
- The study will provide you in depth analysis of several government schemes for the promotion of cable glands industry.
A cable gland, also known as sealing gland or strain relief, allows the facilitation of barrier penetration while simultaneously offering sealing protection. It can be used with probes, wires, power, and signaling cables. Cable gland is used for electrical power, control, instrumentation, information, and broadcast communications links.
The report includes the study of the cable glands market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the cable glands industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. As per cable glands market forecast, the future of cable glands looks promising as product is expected to play a dominant role in the oil and gas and power sector.
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 the 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. Additionally, there is an increase in the adoption of cable glands which helps ensure safety by containing any potential electrical hazards which boosts the cable glands market size.
Cable prevents the ingress of water or other liquids that could cause short circuits or electrical shocks and reduces the risk of accidents and fires which drive the cable glands market growth in the near future. Furthermore, Cable glands provide a neat and organized way to manage cables and wires. They help keep cables in their designated paths, reducing clutter and making it easier to troubleshoot or perform maintenance which boosts the cable glands market share in accessories market.
Factors such as upgrade and renewal of existing networks, owing to government regulations, surge in the construction industry among developing countries, rise in energy demand levels globally, increase in population, and growth in real estates are expected to drive the growth of the cable glands market in the near future.
However, volatile raw material prices and high fragmentation of the market are some of the probable factors that restrict the market growth. The raw materials used to develop cable glands include copper alloy, iron alloy, plastics, and others. The unstable prices of these essential ingredients have negatively affected the growth of the global cable glands market. Thus, the volatile nature of raw material prices increases the cost of cable glands production, thereby restricting the market growth.
Continuous demand for energy and power in the developed and developing or underdeveloped countries present a major opportunity for market expansion. Some of the emerging regions, such as Romania, Bulgaria, Laos, and other regions, require investment to develop their industrial sectors. Financing in such developing regions would help in the growth of the respective country’s economy. Therefore, the investments made in such untapped regions for the growth in their economic sectors are expected to present lucrative cable gland market opportunities.
Governments of various countries, including China, India, and Latin America, have heavily invested in different types of cables and accessories to improve connectivity within these regions and countries. Several developments have been undertaken by numerous government organizations to improve the network infrastructure of their regions, thereby increasing the demand for data transmission cables and accessories which boosts the cable glands market trends in near future
For instance, according to Economic Affairs Division (EAD), India has been making substantial investments in its telecommunications sector over the years, driven by factors such as the surge in demand for mobile services, increased internet penetration, and adoption of new technologies like 4G and 5G. The Indian government has also been focusing on initiatives to promote digital inclusion and broadband access across the country. In recent years, major telecom operators in India, such as Reliance Jio, Bharti Airtel, and Vodafone Idea, have invested significant amounts in network infrastructure, spectrum acquisition, and technology upgrades to provide better services to their customers.
Automated technology is widely adopted in power, oil & gas, chemical, manufacturing, food processing, and automotive industries. As per cable glands market analysis, a notable growth in automation sector has been observed owing to growth in industrial sectors. The automation industry involves systems & solutions that ensure less manual work and increased worker safety.
Data centers are facilities that consist of computers and other related equipment to facilitate data acquisition, storage, and sharing. These facilities require cables and cable glands in bulk. New data centers have been set up worldwide owing to rapid growth of the IT sector. For instance, data handling capacity is expected to increase by hundred folds of the current capacity by 2024. The growth in data centers is expected to creates the global cable glands market opportunities.
Some of the emerging regions, such as Romania, Bulgaria, Laos, and other regions, require investment to develop their industrial sectors. Financing in such developing regions is projected to boost the growth of the respective country’s economy. Therefore, the investments made in such untapped regions for the growth in their economic sectors are expected to present lucrative opportunities for the overall market. The developing economies are projected to fuel the global economy by promoting economic growth and creating strong and sustainable growth.
The raw materials used to develop cable glands include copper alloy, iron alloy, plastics, and others. The unstable prices of these essential ingredients have negatively affected the growth of the global cable glands market. Thus, volatile nature of raw material prices increases the cost of cable glands production, thereby restricting the cable glands market growth.
The need for cable glands has increased due to developments in the power industry. A surge in the investigation of new energy sources has grown over the past five years, aside from the pandemic period. The report further outlines the details about the revenue generated through the sale of cable glands across North America, Europe, Asia-Pacific, and LAMEA. Major players operating in the floating photovoltaics (FPV) market include 3M, ABB Ltd., Amphenol corporation, Bartec group, CMP products limited, Cortem group, Eaton corporation PLC, Emerson electric corporation, Hubbel incorporated, and Jacob GmbH.
The cable glands market is segmented into Type, End User, Cable Type, Material, Sealing Technique, and region.
On the basis of type, the market is categorized into industrial and hazardous. By hazardous type, the market is further divided into increased safety, flameproof, EMC and others. In 2022, the industrial segment dominated the market as the rapid industrialization across the globe, especially in the APAC region leads to set up various industries such as automotive, steel, petrochemical, electronics, and aerospace & defense. These industries run on the automated system that use various types of cables and wirings. This leads to increase in demand for industrial grade Cable Glands for proper transmission of power, earthing, bonding, insulation, and cable guarding.
On the basis of end user, it is divided into oil & gas, mining, aerospace and defense, manufacturing & processing, chemicals and others. In 2022, the oil & gas segment dominated the market as various types of cable connectors are used in the oil & gas industry. These include cold shrink cable terminations, which are used in onshore refineries as well as in harmful flammable conditions which boosts the demand for cable glands in oil & gas segment.
On the basis of cable type, it is classified into armored and unarmored. In 2022, the armored segment dominated the market as cable glands for armored cables contain single outer seal and they are being widely used for cables without an inner covering which increase its demand in cable glands market.
On the basis of material, it is classified into brass, stainless steel, plastic & nylon and others. In 2022, the brass segment dominated the market as cable glands made up of nickel-plated brass are used broadly in the petrochemical and oil & gas industries as they provide superior protection against contamination and corrosion in hostile environments.
On the basis of sealing technique, it is classified into no seal, inner seal and outer seal. In 2022, the inner seal segment dominated the market as inner seal cable glands are widely used in the telecommunication, electrical, and IT hardware industry.
Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA. In 2022, the North America segment dominated the market as U.S. country is expected to grow, owing to increase in demand for technologically advanced equipment. The U.S. is one of the major producers of coal, oil, and many other metals which increases the demand for cable glands in North America region.
The conflict between Russia and Ukraine has a significant impact on the oil sector. Russia's invasion of Ukraine has created shock waves in the global oil market, leading to price volatility, supply shortages, and security issues. The war further affected oil production activities due to the economic sanctions and foreign policy directives issued by Western countries. A global disruption in oil and gas supply due to the Russia-Ukraine war affected not only the prices of oil commodities but also impacted several economic activities. Lower growth of oil and gas sector impacted the growth of cable glands market.
Key players responsible for increasing the cable glands market size include Hubbell Incorporated, Emerson Electric Co., Amphenol Corporation, 3M, Eaton Corporation PLC, ABB Ltd., Cortem Group, Bartec Group, CMP Products Limited, and Jacob GmbH. In order to stay competitive in the market, these market players are adopting different strategies such as acquisition, merger, product launch and partnership agreement, patents and approval for new products for the cable gland market
Key Strategies
- In 2022, Hubbell Incorporated acquired of Hawke International. This acquisition help to expand Hubbell product breadth and service capability in several global market.
- In 2020, Amphenol GEC, a division of Amphenol corporation offered new cable protection line of products that protects cable harnesses in virtually any environment. The new product line includes conduits, cable glands, tubing, and braided jackets.
- In 2020, CMP Products launched its new TruSeal range that includes polymer, metallic and EMC cable glands at the OSEA exhibition in Singapore. This has helped the company in increasing its product portfolio in cable glands
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cable glands market analysis from 2022 to 2032 to identify the prevailing cable glands market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cable glands market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cable glands market trends, key players, market segments, application areas, and market growth strategies.
Cable Glands Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 4.5 billion |
 Growth Rate | CAGR of 6.8% |
 Forecast period | 2022 - 2032 |
 Report Pages | 392 |
 By Material |
|
 By Type |
|
 By Sealing Technique |
|
 By End User |
|
 By Cable Type |
|
 By Region |
|
 Key Market Players | Hubbell Incorporated, Eaton Corporation plc, Jacob GmbH Elektrotechnische Fabrik, Emerson Electric Co., 3M, Cortem S.P.A, CMP Products Ltd, Amphenol Corporation, ABB Ltd., BARTEC Top Holding GmbH |
Analyst Review
According to the insights of CXOs of leading companies, increase in investments in network infrastructure improvement of different regions and developments in automation sector fuel the market growth. Surge in automated technology across various industries ensures cost reduction, time-saving, and better quality. Moreover, it assists to reduce the workload of employees, by working in collaboration with them for higher efficiency.
The brass segment was the highest revenue contributor in 2020, as homeowners are benefited with brass cable gland, owing to its easy installation with a protective coat, natural hues and darker tones, durable and strong features, and lifetime warranty. The cable gland market registered a dynamic growth over the past few years, owing to drastic growth in telecommunication, automobile, and electrical industry.
In addition, huge investment plans of government of every nation with respect to telecommunication infrastructure development fostered the growth of the cable gland market across the globe. Moreover, cable glands act as a sealing and terminating device to ensure the protection of electrical equipment and enclosures, including the provision of environmental protection – by sealing on the outer cable sheath, excluding dust and moisture from the electrical or instrument enclosure which may create ample of opportunities for the market.
Growth in automation sector and government initiatives supporting regional connectivity are the upcoming trends of Cable Glands Market in the world.
Oil and Gas is the leading application of Cable Glands Market
North America is the largest regional market for Cable Glands
The global cable glands market was valued at $2.4 billion in 2022, and is projected to reach $4.5 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.
3M, ABB Ltd., Amphenol corporation, Bartec group, CMP products limited, Cortem group, Eaton corporation PLC, Emerson Electric corporation, Hubbel incorporated and Jacob GmbH are the top companies to hold the market share in Cable Glands
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