The global explosion-proof cable glands market was valued at $174.9 million in 2017, and is projected to reach $269.4 million by 2024, registering a CAGR of 6.4% from 2018 to 2024. The explosion-proof cable glands market offers features such as high load bearing capacity and robust design. The market is expected to witness significant growth in future, owing to increase in number of refineries & stringent government regulations regarding safety. Asia-Pacific was the highest revenue contributor to the market in 2017, accounting for around 33.0% share, due to increase in number of refineries.
The market is segmented into type, cable type, material, end user, and region. Based on type, it is categorized into increased safety, flameproof, EMC, and others. Based on cable type, it is bifurcated as armored and unarmored. The material segment is divided into brass, stainless steel, plastic/nylon, and others. The industry verticals for the market are divided into oil & gas, mining, chemical, manufacturing & processing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global explosion-proof cable glands market are CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidmüller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, LLC), Emerson Electric Co. (Appleton Grp LLC), Amphenol Industrial Products Group, and Cortem Group.
KEY BENEFITS FOR STAKEHOLDERS
The report includes an in-depth analysis of different segments and provides market estimations between 2018 and 2024.
Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
The key market players are profiled to understand the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2018 to 2024, which helps identify the prevailing market opportunities.
KEY MARKET SEGMENTS
By Type
Increased Safety
Flameproof
EMC
Others
By Cable type
Armored
Unarmored
By Material
Brass
Steel
Plastic/Nylon
Others
By End user
Oil & Gas
Mining
Chemical
Manufacturing & processing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
The market is segmented into type, cable type, material, end user, and region. Based on type, it is categorized into increased safety, flameproof, EMC, and others. Based on cable type, it is bifurcated as armored and unarmored. The material segment is divided into brass, stainless steel, plastic/nylon, and others. The industry verticals for the market are divided into oil & gas, mining, chemical, manufacturing & processing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global explosion-proof cable glands market are CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidmüller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, LLC), Emerson Electric Co. (Appleton Grp LLC), Amphenol Industrial Products Group, and Cortem Group.
KEY BENEFITS FOR STAKEHOLDERS
The report includes an in-depth analysis of different segments and provides market estimations between 2018 and 2024.
Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
The key market players are profiled to understand the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2018 to 2024, which helps identify the prevailing market opportunities.
KEY MARKET SEGMENTS
By Type
Increased Safety
Flameproof
EMC
Others
By Cable type
Armored
Unarmored
By Material
Brass
Steel
Plastic/Nylon
Others
By End user
Oil & Gas
Mining
Chemical
Manufacturing & processing
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Spain
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Frequently Asked Questions about the Global Explosion-Proof Cable Glands Market
What is the estimated value of the Global Explosion-Proof Cable Glands Market?
What is the growth rate of the Global Explosion-Proof Cable Glands Market?
What is the forecasted size of the Global Explosion-Proof Cable Glands Market?
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: EXPLOSION-PROOF CABLE GLANDS MARKET BY TYPE
CHAPTER 5: EXPLOSION-PROOF CABLE GLANDS MARKET BY CABLE TYPE
CHAPTER 6: EXPLOSION-PROOF CABLE GLANDS MARKET BY MATERIAL
CHAPTER 7: EXPLOSION-PROOF CABLE GLANDS MARKET BY END-USER
CHAPTER 8: EXPLOSION-PROOF CABLE GLANDS MARKET BY REGION
Note: Product cover images may vary from those shown
According to a new report Global Explosion Proof Cable Glands Market by Type and Cable Type, Material, and by End User: Global Opportunity Analysis and Industry Forecast, 20182024, The global explosion proof cable glands market was valued at $174.9 million in 2017, and is projected to reach $269.4 million by 2024, registering a CAGR of 6.4% from 2018 to 2024.
An explosion proof cable gland, also known as sealing gland or strain relief, facilitates barrier penetration and offers sealing protection. It can be used with probes, wires, power, and signaling cables.
The government is playing an important role in driving the now $174.9 Bn explosion proof cable glands market. Stringent government regulations across the globe have made it mandatory for the industries with hazardous environment to use safety equipment. For instance, in April 2016, Bureau of Safety and Environmental Enforcement, U.S. announced new safety rules to secure the safety requirements on underwater drilling equipment and well-controlled operations. The new safety rules, in particular, will tighten controls on industry-standard devices to prevent explosions in undersea oil & gas wells.
In 2017, the flameproof segment dominated the explosion proof cable gland market, in terms of revenue, due to increase in number of refineries.
Based on region, Asia Pacific was the highest revenue contributor to the market in 2017, accounting for around 33.0 %share, due to increase in installation of data centers.
The report features a competitive scenario of the explosion proof cable glands market and provides a comprehensive analysis of the key growth strategies adopted by the major players. The key players in the global market are CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidmller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, LLC), Emerson Electric Co. (APPLETON GRP LLC), Amphenol Industrial Products Group, and Cortem Group.
These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.
Key findings Of The Explosion Proof Cable Glands Market:
The flameproof segment generated the highest revenue, accounting for $ 73.1 million in 2017.
Unarmored cable type accounted for the highest CAGR of 7.5% from 2018 to 2024.
Asia-Pacific is expected to dominate the market, in terms of market share, during the forecast period.
An explosion proof cable gland, also known as sealing gland or strain relief, facilitates barrier penetration and offers sealing protection. It can be used with probes, wires, power, and signaling cables.
The government is playing an important role in driving the now $174.9 Bn explosion proof cable glands market. Stringent government regulations across the globe have made it mandatory for the industries with hazardous environment to use safety equipment. For instance, in April 2016, Bureau of Safety and Environmental Enforcement, U.S. announced new safety rules to secure the safety requirements on underwater drilling equipment and well-controlled operations. The new safety rules, in particular, will tighten controls on industry-standard devices to prevent explosions in undersea oil & gas wells.
In 2017, the flameproof segment dominated the explosion proof cable gland market, in terms of revenue, due to increase in number of refineries.
Based on region, Asia Pacific was the highest revenue contributor to the market in 2017, accounting for around 33.0 %share, due to increase in installation of data centers.
The report features a competitive scenario of the explosion proof cable glands market and provides a comprehensive analysis of the key growth strategies adopted by the major players. The key players in the global market are CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidmller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, LLC), Emerson Electric Co. (APPLETON GRP LLC), Amphenol Industrial Products Group, and Cortem Group.
These players have adopted various competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.
Key findings Of The Explosion Proof Cable Glands Market:
The flameproof segment generated the highest revenue, accounting for $ 73.1 million in 2017.
Unarmored cable type accounted for the highest CAGR of 7.5% from 2018 to 2024.
Asia-Pacific is expected to dominate the market, in terms of market share, during the forecast period.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
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