CABLE GLANDS MARKET ANALYSIS

Cable Glands Market, By Type (Non-hazardous Area Cable Glands, Hazardous Area Cable Glands), By Cable Type (Armored Cable Glands, Unarmored Cable Glands), By Material Type (Brass, Aluminum, Plastic, Stainless Steel, and Other Material Types), By End User Industry (Aerospace, Construction, Manufacturing And Processing, Oil and Gas, Power and Utilities, and Other End user Industries (Marine, Mining, Chemicals)), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI5478
Pages :168
Formats :
Excel and PDF
Industry : Semiconductors

Regional Analysis

Global Cable Glands Market: Regional Insights

North America among regions is projected to gain a significant share in the global cable glands market over the forecast period, owing to rise in demand for technologically advanced equipment, as the regions is a technology-based area that relies on manufacturing, construction, and oil & gas natural gas industries. Moreover, due to rise in consumer demand as well as innovation, along with presence of competing workforce and supply chain that can build, install, and offer service all energy technologies. For instance, as per the International Energy Agency, in 2019, there was total US$ 250 billion of investment in energy efficiency from the U.S.

Furthermore, Asia Pacific is also expected to witness a strong growth in the global cable glands market over the forecast period. This can be attributed to increasing large construction activities in emerging countries such as India and China. These countries are rich in refineries, chemicals, and mines. Thus, there is a large adoption of industrial equipment such as cable glands in the region, which is expected to drive growth of the market across the region. As per the National Bureau of Statistics of China, the revenue of construction industry in the country is likely to reach US$ 3,812 billion by the year 2024.

North America: U.S. and Canada

Latin America: Brazil, Argentina, Mexico, and Rest of Latin America

Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe

Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific

Middle East: GCC Countries, Israel, and Rest of Middle East

Africa: South Africa, North Africa, and Central Africa