The global explosion-proof cable glands market was valued at $174.9 million in 2017, and is projected to reach $269.4 million by 2024, registering a CAGR of 6.4% from 2018 to 2024. The explosion-proof cable glands market offers features such as high load bearing capacity and robust design. The market is expected to witness significant growth in future, owing to increase in number of refineries & stringent government regulations regarding safety. Asia-Pacific was the highest revenue contributor to the market in 2017, accounting for around 33.0% share, due to increase in number of refineries.
The market is segmented into type, cable type, material, end user, and region. Based on type, it is categorized into increased safety, flameproof, EMC, and others. Based on cable type, it is bifurcated as armored and unarmored. The material segment is divided into brass, stainless steel, plastic/nylon, and others. The industry verticals for the market are divided into oil & gas, mining, chemical, manufacturing & processing, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global explosion-proof cable glands market are CMP Products Limited, Bartec Feam, Elsewedy Electric, Weidm?ller Interface GmbH & Co., Jacob GmbH, Hummel AG, Eaton corporation plc. (Cooper Crouse-Hinds, LLC), Emerson Electric Co. (Appleton Grp LLC), Amphenol Industrial Products Group, and Cortem Group.
KEY BENEFITS FOR STAKEHOLDERS
The report includes an in-depth analysis of different segments and provides market estimations between 2018 and 2024.
Porter’s Five Forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
The key market players are profiled to understand the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2018 to 2024, which helps identify the prevailing market opportunities.
KEY MARKET SEGMENTS
By Cable type
By End Users
Oil & Gas
Manufacturing & processing
Rest of Europe
Rest of Asia-Pacific