Rising Infrastructure Investment and Environmental Concerns are Boosting the Adoption Cable Glands
Global cable gland market is anticipated to grow at a CAGR of 7.8 %, during the forecast period (2024-2031). The market growth is driven by increasing demand for electronic device miniaturization, rising demand for cable management systems, a growing construction industry, an expanding automotive sector, and accelerating demand in the telecommunication sector. Additionally, the development of smart grid research in the oil & gas sector is also presenting growth opportunities. The global cable gland market is segmented by material (into brass, stainless steel, and plastic/nylon), by cable type (into armored and unarmored), by type (into industrial and hazardous), and by end-user (into oil and gas, mining, aerospace and defense, manufacturing and processing, and chemical).
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The major players in the cable gland market include Amphenol Corp., BARTEC Top Holding GmbH, CMP Products Ltd., and Eaton Corp. plc, among others. The market players are contributing significantly to the market growth, by the adoption of various business strategies, such as collaborations, mergers and acquisitions, product portfolio diversification, and more. For instance,
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