Apr 8, 2019   SOURCE: BusinessWire

Global Cable Glands Market by Type, Cable Type, Materials Used, End-user Industry, and Region - Forecast to 2024 - ResearchAndMarkets.com

The "Global Cable Glands Market - Segmented by Type, Cable Type, Materials Used, End-user Industry, and Region - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

The global cable glands market was valued at USD 1.64 billion in 2017, and is expected to reach a value of USD 2.88 billion by 2023, at a CAGR of 9.82%, during the forecast period (2018-2023).

Upgrading and Renewal of Existing Networks in Developed Economies

Many electrical and communication networks in developed countries are ageing with time. With innovations in technology, there has been a huge increase in demand. It was estimated; by Cisco that the current network traffic will triple by the end of the decade. The current infrastructure supporting these services is outdated and need to be upgraded to handle increasing demand and also to support new technologies that are being employed.

Developed nations, such as the United States of America, United Kingdom, and other European countries are investing heavily in upgrading the existing systems to improve efficiency and provide reliable service. Electrical infrastructure development in Europe and Asia is also resulting in growing demand for this market.

Oil & Gas, Power & Utilities Sectors Hold the Largest Market Share

As large-scale up gradation and construction of oil refineries has resulted in increased demand for cable management tools across the globe. Power & utilities has traditionally been a major end-user market for cable glands, while the construction sector is expected to record the highest CAGR, followed by aerospace during the forecast period. Cable glands are increasingly being deployed in the aviation sector, as they are suitable for insulating and protecting. Materials, such as brass, aluminum and stainless steel have found several applications in the above-mentioned end-user verticals.

Brass remains the most widely used material for the development of cable glands due to their inherent properties that make them highly suitable in the industrial environment. Aluminum and stainless steel are also being increasingly used for the manufacturing of cable glands. Aluminum is the most abundant metal, while stainless steel offers several benefits, such as temperature and pressure insulation.

North America Was Projected To Hold The Largest Market Share

The United States remains to be the single largest market for cable glands (and other cable management tools), and it is expected to continue its dominance, buoyed by increased up gradation, and renewal of existing public & private installations coupled with presence of several market incumbents.

Asia-Pacific is expected to record the highest CAGR during the forecast period. Large scale up gradation and construction activities (especially in China, India, and other Asia-Pacific countries, where smart cities are being built to aid development) are expected to continue to drive future growth in this region.

Key Topics Covered

1. Introduction

1.1 Scope of the Study

1.2 Executive Summary

2. Research Methodology

2.1 Study Deliverables

2.2 Study Assumptions

2.3 Analysis Methodology

2.4 Research Phases

3. Market Insights

3.1 Market Overview

3.2 Porter's Five Forces Model - Industry Attractiveness

4. Market Dynamics

4.1 Market Drivers

4.1.1 Upgrading And Renewal Of Existing Networks In Developed Economies

4.1.2 Surge In Construction Industry Among Brics Countries

4.1.3 Infrastructure Development Projects Among Middle East And North Africa Regions

4.2 Market Restraints

4.2.1 Fragmentation In The Regional Markets

4.2.2 Volatility In Raw Material Prices

5. Technology Snapshot

6. Global Cable Glands Market Segmentation - By Type

6.1 Industrial Cable Glands

6.2 Hazardous Area Cable Glands

7. Global Cable Glands Market Segmentation - By Cable Type

7.1 Armored Cable Glands

7.2 Unarmored Cables

8. Global Cable Glands Market Segmentation - By Materials Used

8.1 Brass

8.2 Aluminum

8.3 Plastic

8.4 Stainless Steel

9. Global Cable Glands Market Segmentation - By End-user Industry

9.1 Aerospace

9.2 Construction

9.3 Manufacturing And Processing

9.4 Oil and Gas

9.5 Power and Utilities

9.6 Others (Marine, Mining, Chemicals)

10. Global Cable Glands Market Segmentation - By Region

10.1 North America

10.2 Europe

10.3 Asia-Pacific

10.4 Latin America

10.5 Middle East And Africa

11. Competition Analysis - Company Profiles

11.1 Amphenol Corporation

11.2 Bartec Group

11.3 CMP Products

11.4 Eaton Group - (Cooper Crouse-Hinds Electric Company)

11.5 ABB Ltd. (Thomas & Betts Corporation)

11.6 Cortem S.p.A

11.7 Emerson Industrial Automation

11.8 Elsewedy Electric

11.9 Hubbell Incorporated

11.10 Jacob GmbH

11.11 R.Stahl AG

11.12 Sealcon LLC

11.13 Warom Technology Incorporated

12. Investment Analysis

12.1 Recent Mergers and Acquisitions

12.2 Investment Outlook

13. Future Outlook of Wearable Inertial Sensors Market

For more information about this report visit https://www.researchandmarkets.com/research/n57nhq/global_cable?w=4