Cable Glands Market Segment by Type and Research Report 2031

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Cable Glands: Introduction

• Cable gland is a device designed to attach and secure the end of an electric cable to the equipment. Cable glands, also known as sealing glands or strain reliefs, allow barrier penetration while offering sealing protection. They can be used in probes, wires, and power and signaling cables. Manufacturers offer a wide range of cable glands depending on material, mode of utilization, cable size, type of cable, and pressure range.
• Cable glands are designed with a completely smooth external surface and rounded surface in order to prevent accumulation of foreign contaminants such as bacteria or dust. Cable glands have no sharp edges or bare bolting threads. Cable glands can be washed quickly by water or steam jets due to their smooth surface finish. Advancement in technology and rise in number of applications are driving the demand for cable glands. Cable glands are used in applications in pharmaceutical labs, semiconductor manufacturing, and industries such as food & dairy processing, chemical production, and chemical processing.

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Key Drivers of Global Cable Glands Market

• Global increase in construction activities is expected to be a major factor driving the demand for cable glands during the forecast period. Cable glands are employed extensively in junction boxes, electric panels, and power connectors in buildings. Hence, rise in the construction of new buildings is likely to boost the demand for cable glands during the forecast period.
• Upgrade and renewal of existing networks owing to governmental; regulations; expansion of the construction industry; rise in global demand for energy; and growth of the real estate sector are estimated to boost the cable glands market in the near future

Brass Cable Material Segment to Dominate Global Market

• Based on cable material, the brass segment dominated the global cable glands market in 2020. It is expected to continue its dominance during the forecast period. Cable glands made up of nickel-plated brass are used broadly in petrochemical and oil & gas industries, since they provide superior protection against contamination and corrosion in hostile environments. Aluminum and stainless steel are also being increasingly used in the production of cable glands. Aluminum is an abundant metal, while stainless steel offers several benefits such as temperature and pressure insulation.

Oil & Gas End-use Industry Segment to Lead Global Market

• Oil & gas industry was a highly prominent segment of the global market in terms of demand in 2020. It is anticipated to expand at a significant pace during the forecast period.
• Large-scale upgrade and construction of oil refineries is driving the demand for cable management tools, including cable glands, across the globe. Power & utility has traditionally been a major end-user of the global cable glands market.

Global Cable Glands Market: Restraining Factor

• Fluctuation in prices of raw materials and high competition in the market are projected to affect manufacturers in the near future. Manufacturers of cable glands plan to extend their geographical reach in order to attract new consumers and decrease their dependence on third-party suppliers.

Covid-19 Impact on Cable Glands Market

• Halt in manufacturing activities across various end-use industries has weakened the demand for various products including cable glands. Decrease in construction activities and manufacturing capacities has adversely affected the demand for cable management tools. This has negatively impacted the cable glands market. However, gradual recovery of the economy and the stability across the market depending on the course of COVID-19's prevalence and subsequent resuming of manufacturing activities are likely to boost the demand for cable glands in the near future.

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Asia Pacific to Hold Significant Share of Global Cable Glands Market

• In terms of region, the global cable glands market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific dominated the market for cable glands in 2020. Rapid industrialization in developing countries such as China and India; and growth in awareness regarding cable glands have contributed to the growth of the market in the region. This trend is expected to continue during the forecast period.
• Asia Pacific is rich in mines, refineries, and chemicals. Therefore, adoption of industrial equipment such as cable glands has been rising significantly in the region.
• The market in Europe is projected to expand at a significant CAGR during the forecast period. High demand for cable glands in industries such as construction, power & utility, and aerospace is boosting the market in the region.