Cable Glands Market

Date: 2016-05

The Cable Glands, also known as sealing glands or strain reliefs, allow the facilitation of barrier penetration while simultaneously offering sealing protection. They can be utilized with probes, wires, power and signaling cables. Manufacturers offer extensive range of cable glands depending upon material, mode of utilization, cable size, type of cable, pressure range and many others.

The Cable Glands have been offered primarily for industrial and hazardous location utilization in the market. The Industrial cable glands are installed in the environments that do not assimilate the conditions for an explosion while hazardous location cable glands are specifically designed for explosion prone areas. The global market for cable glands was estimated to be $1.62 billion in 2015 and is projected to reach $2.32 billion by 2021.

The Cable Glands Market has been extensively studied based on several differentiating parameters to provide a comprehensive overview.

The market has been segmented based on following parameters:
By Materials:
Stainless Steel
Plastic/Nylon & Others
By Types:
Hazardous (Increased Safety, Flameproof & Others)
By Cable Types:

Each of the categories has been further segregated into specific sub-divisions to consider the dynamics associated with this industry.

Based on Materials, Brass remained pre-dominant choice in 2015 followed by Plastic/Nylon and Stainless Steel. Others category comprises of niche materials utilized for manufacturing specific type of cable glands.

The Industry Verticals covers wide range of applications implementing cable glands such as:
Oil & Gas
Manufacturing & Processing
Power & Utilities and Others

A similar strategy was followed to investigate the industry dynamics for cable glands specific to eminent countries that constituted the overall regional market including Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW).

In 2015, the market share for Industrial and Hazardous cable glands share was 90% and 10%, respectively in the global cable glands market. By 2021, these estimations are analysed to witness little variations. The main driving factor for such variation will be the uncertain nature of Oil & Gas and Mining industry that have been suffering to a great extent due to price decline, environmental regulations and lack of investment activities for further exploration and production processes.

The notable fact surfaced during the study includes the extensive fragmented nature of the market. This section of cable glands has impacted the global players considerably in recent years. Moreover, the penetration of inexpensive cable glands often associated with low quality and reliability has also created a substantial market in developed economies.

Some of the established players in the market include:
CMP Products
Thomas & Betts
Lapp and several others.

But owing to the fragmented nature, nearly 54%-59% of market is being attributed to regional and local players in 2015 apart from top 5 global players. The example of such notable manufacturers includes Schlemmer, Pflitsch, Bimed, CCG and many others that are significant players in their respective regions of operation.

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