Cable Glands Market Expected to Reach $4.5 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Cable Glands Market," The cable glands market was valued at $2.4 billion in 2022, and is estimated to reach $4.5 billion by 2032, growing at a CAGR of 6.8% from 2023 to 2032.

A cable gland also known as a cord grip, strain relief, cable connector or fitting is intended to attach and secure the end of an electrical cable to the equipment. The major factors that favor market growth include an increase in government initiatives to improve connectivity within regions, growth in construction industry worldwide, and rise in energy demand levels globally coupled with the surge in population. However, the volatile raw material prices are expected to hinder market growth in the near future.

Cable glands, also known as cable connectors or cable fittings, are devices used to securely attach and seal cables to equipment, enclosures, or surfaces while providing protection against environmental factors such as dust, moisture, and other contaminants which is expected to drive the cable glands market share. They are commonly used in various industries including electrical, telecommunications, manufacturing, and construction. The primary purpose of cable glands is to create a tight and secure connection between a cable and the equipment or enclosure it is being connected to. Rise in the adoption of cable grands in oil and gas, mining is expected to boost the cable glands market growth in near future.

This helps prevent the cable from being pulled or twisted, which can damage the cable itself or the connections within. In addition, cable glands help maintain the integrity of the enclosure or equipment by sealing out moisture, dust, and other potentially harmful substances. Cable glands are available in various materials such as metal, plastic, or rubber, depending on the specific application and environmental conditions. Furthermore, Cable glands ensure safety by containing any potential electrical hazards which boosts the cable glands market size in the near future.

As per cable glands market forecast, the future of cable glands looks promising as the product is expected to play a dominant role in the oil and gas and power sector. 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 forecast period. New data centers have been set up worldwide owing to rapid growth of the IT sector which requires cables and cable glands in bulk quantities and expected to create global cable glands market opportunities.

Cable glands consist of several components, including a gland body, a locknut or fixing nut, a sealing ring or gasket, and in some cases, additional accessories like a strain relief component. Cable glands come in various sizes and types to accommodate different cable diameters, types of cables (such as armored cables or non-armored cables), and levels of protection required. Proper selection of the appropriate cable gland for a given application is crucial to ensure the safety, functionality, and longevity of the connected equipment and cables.

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. On the basis of end user, it is divided into oil & gas, mining, aerospace and defense, manufacturing & processing, chemicals and others. On the basis of cable type, it is classified into armored and unarmored. On the basis of material, it is classified into brass, stainless steel, plastic & nylon and others. On the basis of sealing technique, it is classified into no seal, inner seal and outer seal. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The cable glands market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the cable glands industry report include 3M, ABB Ltd., Amphenol corporation, Bartec group, CMP products limited, Cortem group, Eaton corporation PLC, Emerson Electric corporation, Hubbel incorporated and Jacob GmbH. These players are adopting different strategies such as product launch to stay competitive in the market. In an instance, ABB introduced NPG Quick-Connect push-in cable gland to speed installation times. It is ideal for panel builders and volume installers.

Key Findings Of The Study:

• On the basis of type, the hazardous segment growing with the highest CAGR of 7.0% in forecast period
• On the basis of end user, the oil and gas segment held the market share of more than 25% in 2022 in terms of revenue
• On the basis of cable type, the armored segment held the market share above 70% in 2022 in terms of revenue
• On the basis of material, the plastic /nylon segment growing with the highest CAGR of 7.3% in forecast period
• On the basis of sealing technique, the brass segment held the market share above 50% in 2022 in terms of revenue
• On the basis of region, the Asia-Pacific region growing with the highest CAGR of  7.1% in 2023-2032