Global Explosion-Proof Cable Glands Market –Industry Analysis and Forecast 2017-2026
Global Explosion-Proof Cable Glands Market was valued US$ 175 Mn in 2017 and is expected to reach US$ 290 Mn by 2026 at a CAGR of 6.52% during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the explosion-proof cable glands market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Rise in production of diesel, gasoline, and jet fuel, developments in heavy refinery projects such as installation of regasification plants, rise in conversion capacity, and upgradation in refining drives the explosion-proof cable glands market. Furthermore, High material cost of explosion-proof cable glands restricts the growth of the market. The government has made it mandatory to follow safety measures for hazardous environment. This has resulted in increasing demand for explosion proof cable glands, which is expected to create opportunities for the global market during the forecast period.
Explosion-proof cable glands provides functions like earthing, environmental protection which are increases the safety. The explosion-proof cable glands offers features such as high load bearing capacity. The flameproof segment controlled the explosion-proof cable gland market, in terms of revenue which help in growth of refineries.
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The brass has remained the dominant material for manufacturing cable glands followed by steel and plastic materials. As compare to steel and plastics/Nylon, Brass material have more strength, machinability, ductility, wear-resistance, electrical and thermal conductivity, and hygiene and corrosion resistance.
Chemical industry is one of the major end user of explosion-proof cable glands market. Chemical industry involves processing of the raw materials derived from minerals, oil and natural gas, minerals and several other sources into flammable industrial chemicals. The requirement of explosion-proof cable glands installations is more in petrochemical services. The cable glands used in petrochemical plants are temperature resistant, resistance to aggressive media and reliable explosion protection thereby, providing complete safety from fatal explosions. Explosion- proof cable glands are being used in underground mining to increase safety in excavation operation. These factors are expected to drive the growth of the global explosion proof cable glands market at a decent rate during the forecast period.
Asia Pacific is the highest revenue contributor owing to increasing in installation of data centers. Rapid industrialization in Asian countries drives the explosion-proof equipment market. The mining industry is rapidly growing in Asia with a pro-industry government. North America and Europe are quite reasonable. The regulations in these regions are very inflexible and it makes the markets well controlled and even more economical.
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Scope of the Report for Global Explosion-Proof Cable Glands Market
Global Explosion-Proof Cable Glands Market, By Type
• Increased Safety
• Flameproof
• EMC(Electromagnetic capacity)
• Others
Global Explosion-Proof Cable Glands Market, By Cable type
• Armored
• Unarmored
Global Explosion-Proof Cable Glands Market, By Material
• Brass
• Steel
• Plastic/Nylon
• Others
Global Explosion-Proof Cable Glands Market, By End user
• Oil & Gas
• Mining
• Chemical
• Manufacturing & processing
• Others
Global Explosion-Proof Cable Glands Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Explosion-Proof Cable Glands Market:
• CMP Products Limited.
• Bartec Feam.
• Elsewedy Electric.
• Weidmuller Interface GmbH & Co.
• Jacob GmbH.
• Hummel AG.
• Eaton corporation plc. (Cooper Crouse-Hinds, LLC).
• Emerson Electric Co. (Appleton Grp LLC).
• Amphenol Industrial Products Group.
• Cortem Group.
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MAJOR TOC OF THE REPORT
Chapter One: Explosion-Proof Cable Glands Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Explosion-Proof Cable Glands Market Competition, by Players
Chapter Four: Global Explosion-Proof Cable Glands Market Size by Regions
Chapter Five: North America Explosion-Proof Cable Glands Revenue by Countries
Chapter Six: Europe Explosion-Proof Cable Glands Revenue by Countries
Chapter Seven: Asia-Pacific Explosion-Proof Cable Glands Revenue by Countries
Chapter Eight: South America Explosion-Proof Cable Glands Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Explosion-Proof Cable Glands by Countries
Chapter Ten: Global Explosion-Proof Cable Glands Market Segment by Type
Chapter Eleven: Global Explosion-Proof Cable Glands Market Segment by Application
Chapter Twelve: Global Explosion-Proof Cable Glands Market Size Forecast (2019-2026)
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