Press release
Cable Glands Market Demands Drive Exponentially by 2025
The industrial segment generated the highest revenue in 2017, contributing to more than four-fifths of the total cable glands market share. The rapid industrialization across the globe has led to rise in demand for industrial grade cable glands for proper transmission of power, earthing, bonding, insulation, and cable guarding. The Hazardous segment, on the other hand, is anticipated to cite the fastest CAGR of 6.3% through 2018–2025.
Cable glands market is expected to reach $2.84 billion by 2025, from $1.76 billion in 2017, registering a CAGR of 6.1% from 2018 to 2025. The report offers a detailed analysis of drivers & opportunities, major segments, market size & estimations, key winning strategies, and competitive landscape.
Request Sample of Cable Glands Market at: https://www.alliedmarketresearch.com/request-sample/3321
Supportive government initiatives for regional connectivity and emergence of applications in automation sector facilitate the growth in the cable glands market. However, fluctuations in raw material prices hinder the market growth. On the other hand, rise in number of data centers and investment in emerging economies create new opportunities in the industry.
Based on cable type, the armored segment accounted for nearly three-fourths of the total cable glands market share in 2017 and is expected to maintain its dominance throughout 2018–2025. This is attributed to the increased used in onshore plant applications. The same segment is also projected to grow at the fastest CAGR of 6.2% during the forecast period.
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Asia-Pacific is expected to witness the fastest growth rate with a CAGR of 7.0% from 2018 to 2025, owing to vast availability of mines, chemicals, and refineries along with rise in adoption of industrial equipment. However, North America held the major market share in 2017 and is expected to maintain its leadership status by 2025. This is due to surge in demand for technologically advanced equipment in various sectors such as construction, manufacturing, and mining.
Key market players analyzed in the cable glands market include Amphenol Industrial Products Group, CMP Products, Bartec Feam, Cortem Group, Copper Crouse-Hinds, Jacob Gmbh, Elsewedy Electric, Sealcon LLC, Metal Craft Industries, Wiska, Warom Group, Weidmüller Interface GmbH & Co. KG, Agro AG, and Hummel AG.
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About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Cable glands market is expected to reach $2.84 billion by 2025, from $1.76 billion in 2017, registering a CAGR of 6.1% from 2018 to 2025. The report offers a detailed analysis of drivers & opportunities, major segments, market size & estimations, key winning strategies, and competitive landscape.
Request Sample of Cable Glands Market at: https://www.alliedmarketresearch.com/request-sample/3321
Supportive government initiatives for regional connectivity and emergence of applications in automation sector facilitate the growth in the cable glands market. However, fluctuations in raw material prices hinder the market growth. On the other hand, rise in number of data centers and investment in emerging economies create new opportunities in the industry.
Based on cable type, the armored segment accounted for nearly three-fourths of the total cable glands market share in 2017 and is expected to maintain its dominance throughout 2018–2025. This is attributed to the increased used in onshore plant applications. The same segment is also projected to grow at the fastest CAGR of 6.2% during the forecast period.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3321
Asia-Pacific is expected to witness the fastest growth rate with a CAGR of 7.0% from 2018 to 2025, owing to vast availability of mines, chemicals, and refineries along with rise in adoption of industrial equipment. However, North America held the major market share in 2017 and is expected to maintain its leadership status by 2025. This is due to surge in demand for technologically advanced equipment in various sectors such as construction, manufacturing, and mining.
Key market players analyzed in the cable glands market include Amphenol Industrial Products Group, CMP Products, Bartec Feam, Cortem Group, Copper Crouse-Hinds, Jacob Gmbh, Elsewedy Electric, Sealcon LLC, Metal Craft Industries, Wiska, Warom Group, Weidmüller Interface GmbH & Co. KG, Agro AG, and Hummel AG.
Get detailed COVID-19 impact analysis on the Cable Glands Market: https://www.alliedmarketresearch.com/request-for-customization/3321?reqfor=covid
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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