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Industrial Armoured Cable Glands Market Demand, Growth Projections, Revenue Analysis, Forecast By 2032

10-16-2024 02:55 PM CET | Energy & Environment

Press release from: WiseGuy Reports

Industrial Armoured Cable Glands Market Demand, Growth

Industrial Armoured Cable Glands Market Size was estimated at USD 1.05 Billion in 2023. The Industrial Armoured Cable Glands Market Industry is expected to grow from USD 1.11 Billion in 2024 to USD 1.764 Billion by 2032. The Industrial Armoured Cable Glands Market CAGR is expected to be around 5.95% during the forecast period (2024 - 2032).

The industrial armoured cable glands market plays a vital role in the global industrial sector by ensuring the safe and efficient operation of electrical cables in demanding environments. Armoured cable glands are essential components used to secure and protect electrical connections, particularly in harsh conditions such as extreme temperatures, moisture, and mechanical stress.

These cable glands are predominantly used in industries such as oil & gas, manufacturing, mining, and construction, where robust cable protection is critical. The market for industrial armoured cable glands has witnessed steady growth over the years, driven by increasing industrialization and the need for reliable electrical systems in critical applications.

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Key Companies

HellermannTyton

TE Connectivity

Pepperl+Fuchs

Amphenol

Legrand

Hawke Cable Gland

Eaton

Phoenix Contact

Schneider Electric

Murr Elektronik

ABB

Molex

Siemens

Igus

Panduit

Key Trends

One of the key trends shaping the industrial armoured cable glands market is the growing emphasis on safety and regulatory compliance. Stringent safety regulations across industries, especially in hazardous environments such as oil & gas, chemical, and mining, have led to increased demand for certified cable glands that offer superior protection. Additionally, the rise of automation and smart manufacturing in industries has further accelerated the adoption of advanced cable glands that can handle high-performance requirements in industrial settings.

Another significant trend is the increasing demand for durable and corrosion-resistant cable glands. With industries expanding operations in offshore and coastal regions, particularly in the oil & gas and marine sectors, there is a heightened need for cable glands made from materials like stainless steel and brass that can withstand corrosive environments. Additionally, technological advancements in cable gland design, including the development of flameproof and explosion-proof variants, are also driving market growth.

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Challenges

Despite the positive market outlook, the industrial armoured cable glands market faces several challenges. One of the primary challenges is the fluctuating prices of raw materials, especially metals like copper, aluminum, and stainless steel, which are commonly used in manufacturing cable glands. These price fluctuations can impact production costs and, in turn, affect the pricing strategies of manufacturers.

Another challenge is the competition from low-cost, counterfeit products. The presence of unregulated and substandard cable glands in the market poses a significant risk to industries, especially those operating in hazardous environments where safety is paramount. Ensuring the authenticity and quality of products is becoming increasingly important, with companies investing in certification processes and partnerships to maintain their credibility.

Market Segmentation:

Industrial Armoured Cable Glands Market Product Type Outlook

Non-Armoured Cable Glands

Armoured Cable Glands

EMC Armoured Cable Glands

Industrial Armoured Cable Glands Market Application Outlook

Power Distribution

Automation and Control

Telecommunications

Oil and Gas

Mining and Metals

Industrial Armoured Cable Glands Market Material Outlook

Nylon

Brass

Stainless Steel

Aluminium

Polycarbonate

Industrial Armoured Cable Glands Market Ingress Protection Rating (IP)Outlook

IP66

IP67

IP68

Industrial Armoured Cable Glands Market Certification Outlook

UL/CSA

ATEX

IECEx

ABS

DNV

Industrial Armoured Cable Glands Market Regional Outlook

North America

Europe

South America

Asia Pacific

Middle East and Africa

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Future Outlook

Looking ahead, the industrial armoured cable glands market is expected to experience sustained growth, driven by the ongoing expansion of industrial infrastructure and the increasing demand for energy across the globe. The rise of renewable energy projects, such as wind and solar farms, will also create new opportunities for cable gland manufacturers, as these projects require durable and reliable cable protection solutions.

Moreover, the market is likely to see a growing focus on the development of environmentally friendly and energy-efficient products. As industries shift towards greener operations, there is a rising demand for cable glands that support energy-saving initiatives and reduce environmental impact. Innovations in materials and designs that enhance the efficiency and durability of cable glands will play a crucial role in shaping the market's future trajectory.

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About US:

Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. We want our clients to have information that can be used to act upon their strategic initiatives. We, therefore, aim to be your trustworthy partner within dynamic business settings through excellence and innovation. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets.

WiseGuy Reports

Pune Maharashtra, India 411028

+91 20 6912 2998 | +162 825 80070 (US) | +44 203 500 2763 (UK)

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