Dec 12, 2019   SOURCE: BusinessWire

Europe Cable Glands Market 2019-2027: Emerging Growth in Budding Markets & Surge in Count of Data Centers - ResearchAndMarkets.com

The "Europe Cable Glands Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.

This research report has determined the European market for cable glands to proliferate with a compound annual growth rate of 6.11% during the forecasting years of 2019 to 2027.

Russia, the UK, Germany, France, Spain, Italy and countries in Rest of Europe together constitute the market for cable glands in the European region.

There has been a rapid increase in the demand for cable glands in Germany owing to the growth in the country's automotive sector and this has fueled the growth of the German cable glands market. The increased R&D on automotive production is aiding further growth of the market in the upcoming years. German automobile companies in Germany spent EUR 22 million on the internal R&D projects in 2017, thus making the expenditure on automobiles more than on any other sector. The manufacturing sector has made heavy investments in the automotive sector, and this largely aids the growth of the cable glands market in Germany.

Additionally, the country has one of the largest chemical industries in the world, and is home to major global market players such as Bayer and BASF. The environment in chemical manufacturing companies is generally hazardous; this demands the use of cable glands, as they protect the cables & wirings used for automated material handling and processing. The cable glands market in Germany is thus expected to grow further in the forecasting years, owing to this factor.

Few of the prime players in the cable glands market are BARTEC Group, ABB Ltd., Hubbell, Incorporated, Emerson Electric Co., Sealcon LLC and Amphenol Corporation.

Key Topics Covered:

1. Europe Cable Glands Market - Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. Rising Demand For Hazardous Cable Glands

2.2.2. Swelling Demand For Cable Connectors In The Aerospace Sector

2.3. Porter'S Five Forces Analysis

2.4. Key Impact Analysis

2.4.1. Cost

2.4.2. Scalability

2.4.3. Ease Of Use

2.5. Market Attractiveness Index

2.6. Vendor Scorecard

2.7. Market Drivers

2.7.1. Government Regulations Fuel The Demand For Cable Glands

2.7.2. Restoration Of Electrical Networks In Several Regions

2.7.3. Rise In Construction Undertakings In Developing Regions

2.7.4. Wide Adoption Of Automation

2.8. Market Restraints

2.8.1. Variability In Raw Material Prices

2.9. Market Opportunities

2.9.1. Emerging Growth In Budding Markets

2.9.2. Surge In Count Of Data Centers

2.10. Market Challenges

2.10.1. Suspension Of The Local Markets

3. Europe Cable Glands Market Outlook - By Type

3.1. Industrial

3.2. Hazardous

3.2.1. Increased Safety

3.2.2. Flame-Proof

3.2.3. EMC Cable Glands

3.2.4. Others

4. Europe Cable Glands Market Outlook - By Cable Type

4.1. Armored

4.2. Unarmored

5. Europe Cable Glands Market Outlook - By Material

5.1. Brass

5.2. Stainless Steel

5.3. Plastic/Nylon

5.4. Others

6. Europe Cable Glands Market Outlook - By Application

6.1. Oil & Gas

6.2. Mining

6.3. Aerospace

6.4. Manufacturing & Processing

6.5. Chemical

6.6. Others

7. Europe Cable Glands Market - Regional Outlook

8. Competitive Landscape

  • ABB Ltd
  • Amphenol Corporation
  • Eaton Corporation
  • Emerson Electric Co.
  • Hubbell, Incorporated
  • Thomas & Betts Corporation
  • Cmp Products
  • Cortem Group
  • Bartec Group
  • Jacob Gmbh
  • Sealcon Llc
  • R. Stahl Ag

For more information about this report visit https://www.researchandmarkets.com/r/fd5bhf