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The Global Cable Glands Market size is predicted to reach $3.9 billion by 2030, growing at a CAGR of 6.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The escalating need for cable protection is evident as cable glands play a crucial role in safeguarding cables from environmental threats like moisture, dust, and vibration. Additionally, they are instrumental in mitigating electromagnetic interference and upholding the safety of electrical installations. With increasing awareness about the potential risks of environmental factors and electromagnetic interference, industries and households are seeking efficient cable gland solutions to safeguard their cables. The rising demand underscores their indispensable contribution to ensuring the longevity and reliability of cable systems in diverse applications, finds IndustryARC in its recent report, titled “Cable Glands Market Size, Share & Trends Analysis Report Cable Glands Market – By Type (Hazardous Area Cable Glands, Industrial Cable Glands), By Materials (Brass, Stainless Steel, Plastic, Aluminum, Nylon, Nickel, Others), By Cable Type (Armored, Unarmored), By Application (Control boxes, Skids, Motors, Lighting, Connector for electrical devices, Data Cable), By End-Use (Manufacturing & Processing, Oil & Gas, Mining, Aerospace, Chemicals, Marine, Power & Utilities, Construction, Automation, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030, By Region and Segment Forecasts, 2024–2030”
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APAC to Register Highest Growth:
The expanding telecommunications infrastructure in the APAC region has created a heightened demand for cable glands. These essential components play a pivotal role in facilitating the installation and safeguarding of communication cables. As the industry evolves, the reliance on cable glands intensifies, emphasizing their crucial role in ensuring the efficiency and durability of the ever-growing network infrastructure. For instance, According to Invest India, the telecom sector in India is the world’s second-largest, with 1.179 billion users as of August 2023. India has an overall tele density of 84.69%, with the rural market accounting for 57.97% and the urban market accounting for 133.55%. the expanding telecommunications infrastructure in the Asia-Pacific region, the demand for cable glands is rising to facilitate the installation and protection of communication cables, reflecting the sector’s dynamic growth.
Cable Glands Market 2024-2030: Segmentation
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Cable Glands Market Report – Key Takeaways:
According to the Cable Glands Market forecast, armored held the largest market valuation reaching $947.3 million in 2023. Rapid global industrialization and infrastructure growth drive a heightened need for robust cable management solutions. Armored cable glands play a pivotal role in meeting the rising demand, providing secure and safe electrical connections in challenging environments. As industries expand, these essential components ensure reliability and safety, supporting the seamless functioning of critical infrastructure projects worldwide.
The power and Utilities industry is analyzed to grow with the highest CAGR of 8.2% during the forecast period 2024-2030. The surge in renewable energy projects, particularly in wind and solar power, has intensified the demand for cable glands. These vital components play a crucial role in the efficient installation of cables essential to these initiatives. As the global transition towards sustainable energy accelerates, the need for reliable and durable cable glands becomes paramount, ensuring the seamless and safe transmission of power in renewable infrastructure. The burgeoning demand underscores the pivotal role these components play in supporting the expansion of clean and eco-friendly energy solutions. For instance, according to the International Energy Agency, the amount of new renewable capacity added globally is expected to climb to over 440 GW in 2023, representing the highest absolute increase ever of 107 GW. This escalating demand underscores cable glands’ pivotal role in supporting the transition to cleaner and more sustainable energy sources.
North America region held a major market share of 22% in 2022. In North America, the cable glands market is experiencing a significant surge in demand, driven by the rising importance of renewable energy. The increased installation of solar and wind farms necessitates robust cable glands capable of withstanding harsh environmental conditions. This trend underscores the region’s commitment to sustainable energy solutions, reflecting a global shift towards renewable sources. The heightened demand for resilient cable glands exemplifies the pivotal role these components play in supporting the expansion of clean energy infrastructure across North America.
For Instance, according to the Department of Energy, in 2022, solar and wind energy accounted for 60% of the utility-scale generating capacity in the U.S. power grid, with 46% coming from solar and 17% from wind. The United States, being a resource-rich country, possesses abundant renewable energy resources. This dynamic landscape underscores the concurrent growth of sustainable energy and related infrastructure markets in this Country.
The escalating global demand for oil and gas is propelling an upsurge in exploration and production activities. In harsh and corrosive oil and gas environments, the imperative for reliable cable protection is driving the demand for cable glands. Notably, the industry is witnessing a shift towards advanced cable gland technologies, emphasizing heightened performance and reliability. This evolution is crucial for enhancing safety and efficiency in oil and gas operations amidst the expanding exploration landscape. According to the International Trade Administration, Abu Dhabi is home to around 96% of the country’s approximately 100 billion barrels of known oil reserves, ranking sixth in the world. The UAE produces 3.2 million barrels of petroleum and liquids per day on average. The demand for essential components like cable glands remains robust, reflecting the continued growth and reliance on the global substantial oil and gas sector.
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Key Opportunity Analysis:
Growing adoption of automation and IoT
The escalating integration of automation and the Internet of Things (IoT) is fueling a surge in the necessity for cable glands. These vital components play a pivotal role in connecting sensors, actuators, and various devices to industrial networks. As industries embrace heightened efficiency through automation and the interconnectedness facilitated by IoT, the demand for reliable cable glands intensifies. These essential connectors ensure seamless communication between devices, underlining their significance in the evolving landscape of smart and automated systems. The growing reliance on such technologies across diverse sectors propels the cable gland market forward, marking a key trend in the modernization of industrial processes.
Rising demand for fire-resistant cable glands
The escalating global demand for fire-resistant cable glands presents a lucrative opportunity, spurred by stringent fire safety regulations enacted by governments worldwide. As concerns for public safety intensify, the pivotal role of fire-resistant cable glands in impeding the propagation of fire within buildings gains prominence. This heightened awareness underscores a burgeoning market for these specialized cable glands, as industries and infrastructure prioritize compliance with robust fire safety standards. The confluence of regulatory imperatives and a growing awareness of the pivotal role these glands play positions manufacturers to capitalize on an expanding market, offering a unique opportunity for businesses to meet the escalating need for enhanced fire protection measures.
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The Report also Covers the Following Areas:
Cable Glands Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
The COVID-19 pandemic has had a significant impact on the cable glands market. The global outbreak of the COVID-19 pandemic in 2020 led to a sharp decline in economic activities across various industries. This resulted in a decrease in the demand for cable glands, as many industries were forced to shut down their operations or reduce their production capacity.
The Ukraine crisis is expected to have a significant impact on the cable glands market. The crisis has disrupted supply chains and increased the cost of raw materials. This is expected to lead to higher prices for cable glands. The crisis is also expected to reduce demand for cable glands in some industries, such as construction. This is due to economic uncertainty and the decline in construction activity in some regions
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List of Key Market Players in Cable Glands Market:
The Global Cable Glands Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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