Cable glands market is anticipated to grow at a CAGR of 7.8% during the forecast period (2024-2031). Cable glands provide a protective barrier around the entry point of cables into enclosures, machinery, or equipment. Cable glands prevent the cables from being exposed to environmental factors such as dust, moisture, chemicals, and physical damage, which can extend the lifespan of the cables and reduce the risk of electrical faults. cable glands can reduce cable failures and associated downtime in industrial or critical applications, leading to increased productivity and cost savings, which drive the demand for cable glands in the market. Factors such as upgrade and renewal of existing networks, owing to government regulations, the surge in the construction industry among developing countries, the rise in energy demand levels globally, the increase in population, and growth in real estate are expected to drive the growth of the cable glands market soon.

Market Dynamics

Rising Demand for Industrial Automation Creates Growth for the Cable Glands Market

The rising demand for industrial automation boosts the growth in the cable glands market by necessitating efficient and secure cable management solutions. Industrial automation depends heavily on electrical and electronic systems for operations, requiring strong cable connections to ensure smooth functioning and safety. Cable glands are used to protect against environmental factors such as dust, moisture, and vibration while securing cables in place. As industries increasingly adopt automation to enhance productivity and efficiency, the need for reliable cable glands grows exponentially. The growth of sectors such as manufacturing, energy, and transportation further strengthens this demand. Cable glands manufacturers in the cable glands market are presented with lucrative growth opportunities as they provide the evolving needs of industrial automation, offering innovative and durable solutions to meet the demands of modern industrial settings.

Maintenance and Improvement of Preexisting Networks in Industrialized Countries

Globally, many developed countries like the UK are investing heavily in upgrading existing systems to improve efficiency and provide reliable services while meeting modern standards. With the rise in upgrading activity in the industry, the demand for equipment and parts supporting the infrastructure has also increased, resulting in a growing need for cable management solutions. Furthermore, transmission and distribution infrastructure is also seeing high investments for development in Asia-Pacific. 

Market Segmentation

Our in-depth analysis of the global cable glands market includes the following segments by material, cable type, type, and end-user:

• Based on material, the market is segmented into brass, stainless steel, and plastic/nylon.

• Based on cable type, the market is segmented into armored and unarmored.

• Based on type, the market is segmented into industrial and hazardous.

• Based on end-user, the market is segmented into oil and gas, mining, aerospace and defense, manufacturing and processing, and chemical.

Oil and Gas is Projected to Emerge as the Largest Segment

The oil and gas segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the increasing focus on materials-specific, degree-of-protection, and cable-specific requirements such as brass, nickel-plated, and stainless-steel products, cable glands of Degree of Protection IPIP 66 to IPIP 68, and armored cable glands with connecting elements for all types of armoring in the oil and gas sector. The oil and gas sector has drawn attention to environmental protection, as well as the increase in oil spills and pollution.

Brass Segment to Hold a Considerable Market Share

Brass is an alloy of copper with zinc that processes good water resistance, water vapor, various saline solutions, and numerous organic liquids. As brass features NPT/PG threads with integrated strain relief properties and is nickel-plated, it is corrosion-resistant. Cable glands are primarily used underground and under dynamic working environments and are, thus, prone to rust and early damage. In this case, brass glands plated with nickel ensure a better life for accessories. Such properties drive segment growth. 

Regional Outlook

The global cable glands market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America). 

Asia-Pacific Region to Grow at Highest CAGR

Large-scale construction activities, especially in emerging economies, such as China and India, are expected to drive growth in Asia-Pacific region, as it is rich in mines, refineries, and chemicals. Thus, the adoption of industrial equipment, such as cable glands, is expected to witness considerable growth in this region. According to IRENA (International Renewable Energy Agency), Thailand's total solar energy capacity was 2,987 Megawatts in 2019. The renewable energy sector has observed significant global expansion, expecting worldwide renewable energy consumption to increase.

Global Cable Grands Market Growth by Region 2024-2031

North America Holds Major Market Share

Among all the regions, North America holds a significant share owing to a technology-based region mainly relying on construction, manufacturing, and oil & natural gas industries. The US is one of the significant markets for cable glands (and other cable management tools), and it is expected to continue its dominance. Increasing consumer demand and innovation, combined with a competing workforce and supply chain capable of building, installing, and servicing all energy technologies, make the US one of the most attractive markets. 

According to the International Energy Agency, the US has experienced a total global investment in energy efficiency of $250.0 billion in 2019. With the rising environmental concerns among the population, many individuals are investing in eco-friendly resource consumption. The adoption of solar power has seen a high growth rate over the last few years. The US government has also set financial incentives to make solar more accessible. As solar applications demand cables with maximum reliability to prevent costly downtime and disruption to the energy grid, the demand for cable glands is expected to rise over the forecast period.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global cable glands market include Amphenol Corp., BARTEC Top Holding GmbH, CMP Products Ltd., and Eaton Corp. plc, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in August 2022 Amphenol Industrial Operations enhanced its Amphoe-PD series with two low-profile, two-way power connectors that can carry high currents. The Amphe-PD Mini 5.7mm and Gen2 5.7mm Amphoe-PD can be used to transfer power from a PSU/PDU to a GPU or GPU PCB board.

The Report Covers

• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global cable glands market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.