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Cable Glands Market Study by Business Opportunities, Top manufacturers Records, Production, Revenue, Growth Rate, Price and Gross Margin, Showing Impressive Growth by 2027

The latest report by Report Ocean include the detailed study of various market determinants such as key product launches, regional study, market demand, government initiatives, etc. Moreover, it describes the impact of COVID-19 pandemic on the market with the help of graphs and data. 

According to a new report published by Report Ocean ,”Cable Glandss Market by Type, Cable Type, Material, and End Users: Global Opportunity Analysis and Industry Forecast, 2021 – 2027,”the global Cable Glandss market generated revenue of $1,763.0 million in 2017 and is projected to reach $2,841.9 million by 2025, registering a CAGR of 6.1% from 2021 to 2027.

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A Cable Glands, also known as a sealing gland or strain relief, allows the facilitation of barrier penetration while simultaneously offering sealing protection. It can be utilized with probes, wires, power, and signaling cables. It might be used on a wide range of electrical power, control, instrumentation, information, and broadcast communications links. Factors such as upgrade and renewal of existing networks, owing to government regulations, rise in the construction industry among developing countries, rise in energy demand levels globally coupled with the rise in population, and a surge in real estates boost the growth of the market soon.

Based on type, the global Cable Glands market is segmented into industrial and hazardous. The industrial market is anticipated to have major share in the market. The rapid industrialization across the globe, especially in the Asia-Pacific region leads to set up of various industries such as automotive, steel, petrochemical, electronics, and aerospace & defense. This increases the demand for industrial grade Cable Glands for proper transmission of power, earthing, bonding, insulation, and cable guarding. Based on cable type, the market is bifurcated into armored and unarmored. Based on material, it is classified into brass, nylon/plastic, stainless steel, and others. The brass Cable Glands segments holds the major share in the global Cable Glands market owing to its utilization in the petrochemical and oil & gas industries since it provides superior protection against contamination and corrosion in hostile environments.

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By end user, the global Cable Glands market is segmented into oil & gas, mining, aerospace, manufacturing & processing, chemical, and others. The oil & gas segment holds the major share in the global Cable Glands market. Various types of cable connectors are utilized in the oil & gas industry. These include cold shrink cable terminations, which are used in onshore refineries as well as in harmful flammable conditions and resin Cable Glands that are used in situations where resistance to hydrocarbons is required. Further, the Cable Glands market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2017, the brass Cable Glands segment was the leading revenue contributor to the global market. However, the plastic/nylon Cable Glands segment is expected to witness healthy growth rates during the forecast period.

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Key Findings of the Cable Glandss Market:

The North America region dominated the market and is projected to grow with a CAGR of nearly 6.1%, in terms of revenue, during the forecast period.
The Europe Cable Glands market is anticipated to witness moderate growth rate of 5.8%, in terms of revenue, during the forecast period. The Asia-Pacific Cable Glands market generated a revenue share of 29.99% in 2017.

The key players analyzed and profiled in this report are Hubbell Incorporated, Emerson Electric Co., Amphenol Corporation, 3M, Eaton Corporation PLC, ABB Ltd., Cortem Group, Bartec Group, CMP Products Limited, Jacob GMBH. Amphenol GEC, a division of Amphenol Corporation is offering 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.

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Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import-dependent Cable Glands Market, a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the Cable Glands Market. It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the Cable Glands Market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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This report covers aspects of the regional analysis market.

The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

This report analyzes current and future market trends by region, providing information on product usage and consumption.

Reports on the market include the growth rate of every region, based on their countries over the forecast period.

What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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Updated : 2022-05-20 22:23 GMT+08:00