Cable glands are known as a cable connector or cable fitting. It is a device designed to attach and secure the end of an electrical cable to the equipment. These Cable Glands are used for industries in conjunction with cable and wiring used in electrical instrumentation and automation system and can be used with probes, wires, signalling cables and power. Manufacturers offer a large number of cable glands depending upon cable size, type of cable, pressure range, and mode of utilisation.
Europe Cable Glands Market Size & Growth:
Europe Cable Glands market size is projected to reach approximately USD 0.5 Billion by the end of 2024 with a CAGR of 4% during the forecast period. Key Parameters promoting the market growth include upgradation and renewal of existing networks, Owing to government regulations, the surge in the construction industry among developing countries, Growth in energy demand levels globally coupled with the rise in population. Europe is expected to have the third highest growth rate during the forecast period. The plastic/nylon segment is supposed to have the highest growth rate regarding revenue
Europe Cable Glands Market Share:
Europe Cable Glands Market is classified as by type, cable type, by the material used, by industry vertical, by geography. By type, the global cable glands market is classified as Industrial Cable Glands, Hazardous area cable glands. By Cable type, these are classified as Armored Cable Glands, Unarmored Cable Glands. The armoured cable glands are expected to grow at a high rate during the forecast period.
By material used, these are classified as Plastic Cable Glands, Brass Cable Glands, Stainless steel cable glands, Nickel Cable Glands. The brass cable glands are expected to grow at a high rate because these are less vulnerable to corrosion during the forecast period.
By Industry Vertical, these are classified as Constructions, Manufacturing, and Processing, Oil & Gas, Power and Utilities. Oil & Gas holds the highest position in 2017, and it is expected to maintain the same growth during the forecast period.
Europe Cable Glands Market Trends:
Europe Cable Glands Market Research Report Includes:
Starting from $2700
Starting from $2700
Starting from $2700
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