세계의 케이블 그랜드 시장 예측 : 유형별, 재료별, 케이블 유형별, 용도별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Cable Glands Market is accounted for $1.96 billion in 2024 and is expected to reach $2.57 billion by 2030 growing at a CAGR of 4.63% during the forecast period. Cable glands are mechanical devices used to secure and protect electrical cables as they enter equipment or enclosures. They provide a safe and environmentally sealed entry point, preventing dust, moisture, and other contaminants from penetrating the enclosure. Cable glands also serve to maintain the integrity of the cable by preventing strain and providing grounding. They are available in various materials and sizes to accommodate different cable types and environmental conditions, ensuring reliability and safety in electrical installations.

According to the International Energy Agency, the United States has experienced a total Global investment in energy efficiency of USD 250 Billion in 2019.

Market Dynamics:

Driver:

Growing industrial automation

Growing industrial automation like robotics, IoT, and AI, the demand for efficient electrical installations rises. Cable glands play a crucial role in protecting cables from environmental factors, ensuring safety and operational efficiency. Additionally, automated processes require durable and versatile cable glands to withstand vibrations and harsh conditions. This trend not only drives demand but also encourages innovation in design and materials, further expanding the cable glands market.

Restraint:

Complex installation processes

Complex installation processes driving up labor costs, increasing installation time, and requiring specialized expertise, which may not always be readily available. These factors complicate large-scale projects and deter potential buyers who seek simpler, more efficient solutions. Moreover, complex installation can lead to higher risk of errors or improper sealing, compromising safety and reliability. As a result, industries may opt for alternative sealing solutions that are more user-friendly and quicker to install, negatively impacting the demand for traditional cable glands.

Opportunity:

Increasing demand for customized solutions

Increasing demand for customized solutions and industrial automation expand, companies seek cable glands tailored to specific environmental conditions, cable types, and installation requirements. Custom solutions enhance performance, safety, and reliability, making them more appealing to end-users. This trend encourages manufacturers to innovate and develop specialized products, thereby expanding their market reach and catering to diverse customer preferences, ultimately driving market growth and competitiveness.

Threat:

Supply chain disruptions

Supply chain disruptions, leading to extended production timelines and increased costs. Shortages of essential metals, like stainless steel and brass, affect manufacturers' ability to meet demand, while fluctuating transportation costs and labor shortages drive up expenses. Additionally, inconsistent supply chains limit the market's capacity to adapt to large-scale projects, impacting the electrical, oil and gas, and construction sectors that rely on cable glands for safety and durability. These disruptions result in slower market growth and reduced profitability.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the cable glands market, disrupting supply chains and delaying manufacturing processes due to lockdowns and restrictions. Many industries, such as construction and manufacturing, faced reduced operations, leading to decreased demand for cable glands. However, the surge in reliance on telecommunications and renewable energy sectors during the pandemic created new opportunities for growth. As industries adapt to the post-pandemic landscape, a rebound in construction and infrastructure projects is anticipated, driving a recovery in the cable glands market.

The plastic segment is expected to be the largest during the forecast period

Over the estimation period, the plastic segment is likely to capture the largest market share, due to its lightweight, corrosion-resistant, and cost-effective properties. Plastic cable glands offer excellent insulation and protection against environmental factors, making them suitable for various applications, including electrical and telecommunications. Their adaptability to different sizes and designs enhances versatility, catering to diverse industry needs. Additionally, the growing demand for durable and reliable cable management solutions in sectors like construction, automotive, and manufacturing further boosts the market.

The aerospace segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the aerospace segment is predicted to witness the highest growth rate, due to the increased demand for lightweight, durable, and high-performance components in aircraft and spacecraft. Stringent safety regulations and the need for reliable electrical connections in critical systems drive innovation in cable gland design and materials. Additionally, the growth of the aerospace industry, fuelled by rising air travel and advancements in aerospace technology, leads to higher production rates of aircraft, which in turn boosts the demand for specialized cable glands that meet industry standards for heat, pressure, and environmental resistance.

Region with largest share:

Over the forecast period, the Asia Pacific region is anticipated to hold the largest market share driven by rapid industrialization, infrastructure development, and increasing investments in sectors like oil and gas, telecommunications, and manufacturing. Countries such as China and India are leading this expansion due to their booming economies and rising energy demands. Additionally, the regions focus on renewable energy projects, such as solar and wind, further propel demand for reliable electrical components. The presence of numerous local and international manufacturers enhances competition and innovation, contributing to the market's dynamic nature and diverse product offerings.

Region with highest CAGR:

During the forecast period, the North America region is anticipated to register the highest CAGR, owing to the expanding industrial, telecommunications, and renewable energy sectors. With increasing investments in infrastructure development and smart technologies, the demand for reliable and efficient cable management solutions is surging. Key industries such as aerospace, automotive, and oil and gas require high-quality cable glands to ensure safety and performance in harsh environments. Additionally, stringent regulations and standards regarding electrical safety are propelling manufacturers to innovate and produce advanced cable glands.

Key players in the market

Some of the key players profiled in the Cable Glands Market include TE Connectivity Ltd., Amphenol Corporation, ABB Ltd., Eaton Group (Cooper Crouse-Hinds Electric Company), Bartec Group, CMP Products Limited, Jacob GmbH, Hubbell Incorporated, R. Stahl AG, Warom Technology Incorporated, Cortem Group, Elsewedy Electric, Emerson Industrial Automation, Quanguan Electric, Prysmian Group, Weidmuller Interface GmbH & Co. KG, Caledonian Cables Ltd. (R&M Electrical Group), Schneider Electric, Parker Hannifin Corporation and Nexans S.A.

Key Developments:

In October 2024, TE Connectivity and Molex announced a collaboration focused on developing next-generation data communications electronic products. This partnership aims to innovate high-speed input or output and backplane connectors, addressing the growing demands in data center applications.

In September 2024, TE introduced its E3 Series Connectors designed for harsh environments, featuring enhanced durability and performance. These connectors cater to industries such as transportation, industrial, and aerospace, promoting reliability in critical applications.

In August 2024, TE Connectivity announced its acquisition of Laird Connectivity's antennas business. This strategic move aims to strengthen TE's capabilities in wireless communication solutions, enhancing their product offerings in high-speed data and IoT applications.

Types Covered:

• Hazardous Area Cable Glands
• Industrial Cable Glands
• Other Types

Materials Covered:

• Brass
• Stainless Steel
• Plastic
• Aluminium
• Nylon
• Nickel
• Other Materials

Cable Types Covered:

• Armored
• Unarmored or Non-Armored
• Other Cable Types

Applications Covered:

• Control boxes
• Skids
• Motors
• Lighting
• Connector for electrical devices
• Data Cable
• Other Applications

End Users Covered:

• Oil & Gas
• Mining
• Aerospace
• Chemicals
• Marine
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Cable Glands Market, By Type

• 5.1 Introduction
• 5.2 Hazardous Area Cable Glands
• 5.3 Industrial Cable Glands
• 5.4 Other Types

6 Global Cable Glands Market, By Material

• 6.1 Introduction
• 6.2 Brass
• 6.3 Stainless Steel
• 6.4 Plastic
• 6.5 Aluminum
• 6.6 Nylon
• 6.7 Nickel
• 6.8 Other Materials

7 Global Cable Glands Market, By Cable Type

• 7.1 Introduction
• 7.2 Armored
• 7.3 Unarmored or Non-Armored
• 7.4 Other Cable Types

8 Global Cable Glands Market, By Application

• 8.1 Introduction
• 8.2 Control boxes
• 8.3 Skids
• 8.4 Motors
• 8.5 Lighting
• 8.6 Connector for electrical devices
• 8.7 Data Cable
• 8.8 Other Applications

9 Global Cable Glands Market, By End User

• 9.1 Introduction
• 9.2 Oil & Gas
• 9.3 Mining
• 9.4 Aerospace
• 9.5 Chemicals
• 9.6 Marine
• 9.7 Other End Users

10 Global Cable Glands Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 TE Connectivity Ltd.
• 12.2 Amphenol Corporation
• 12.3 ABB Ltd.
• 12.4 Eaton Group (Cooper Crouse-Hinds Electric Company)
• 12.5 Bartec Group
• 12.6 CMP Products Limited
• 12.7 Jacob GmbH
• 12.8 Hubbell Incorporated
• 12.9 R. Stahl AG
• 12.10 Warom Technology Incorporated
• 12.11 Cortem Group
• 12.12 Elsewedy Electric
• 12.13 Emerson Industrial Automation
• 12.14 Quanguan Electric
• 12.15 Prysmian Group
• 12.16 Weidmuller Interface GmbH & Co. KG
• 12.17 Caledonian Cables Ltd. (R&M Electrical Group)
• 12.18 Schneider Electric
• 12.19 Parker Hannifin Corporation
• 12.20 Nexans S.A.