According to a market report by Lucintel, the future of the global cable gland market looks promising with opportunities in the oil and gas, mining, aerospace and defense, manufacturing and processing, and chemical markets. The global cable gland market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 6.1% from 2024 to 2030.
The major drivers for
this market are increase in the demand for cable management systems, on-going
development in the telecom industry, and growing production of automobiles and
increasing sales of electric vehicles (EVs).
A more than 150–page report
is developed to understand trends, opportunity and forecast in cable gland to
2030 by cable type (armoured and unarmoured), type (industrial and hazardous),
material (brass, stainless steel, plastic and nylon, and others), end use
industry (oil and gases, mining, aerospace and defense, manufacturing and
processing, chemical, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
In this market, armoured
and unarmoured are the major segments of cable gland market by cable type.
Lucintel forecasts that armoured will remain the largest segment over the
forecast period as it contains a single outer seal and are widely utilized for
cables without an inner covering or bedding under the armor.
Within this market,
aerospace will remain the fastest growing segment over the forecast period due
to growing demand for better utilization of resources and materials,
minimization of maintenance costs, protection from dust and moisture present in
space vehicles, as well as enhancing the performance, and safety systems.
APAC is expected to witness highest growth over the forecast period due to existence of electric vehicle manufacturing companies, increasing construction of residential and commercial buildings, and growing research and development investments towards technology.
ABB, Amphenol
Corporation, Cmp Products, Cortem, Eaton Corporation, Elsewedy Electric,
Emerson Electric, Hubbell, Hummel, and Warom Technology are the major suppliers
in the cable gland market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports
1. Computer and Peripheral Connector Market
2. Multilayer Ceramic
Capacitor Market
3. Semiconductor Wafer Cleaning Equipment Market
4. Printed Circuit Board Market
No comments:
Post a Comment