According to the recent research report titled ‘GLOBAL CABLE GLANDS MARKET 2019-2027’, available with Market Study Report, global cable glands market is projected to record a CAGR of 6.50% during 2019-2027.
 

Surging number of construction projects, supportive rules by the government, and focus towards restoring electrical networks are the key factors driving the growth of global cable glands market.
 

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For those uninitiated, cable glands are devices provide cables with sealing and retention. The product is usually made from aluminum, plastic, steel, or brass forms. Cable glands are widely adopted in numerous industry verticals, which in turn is augmenting global cable glands market size expansion.
 

In addition, rising adoption of automated technology has impelled the demand for cables and cable connections. These materials are likely to emit electromagnetic waves that can harm other electromagnetic equipment. This factor in turn boost the demand for cable glands contributing to the overall market growth.
 

Moreover, the rapid expansion of IT industry has increased the number of data centers across the globe. To facilitate the acquisition, storage, and sharing of data for computers and other related devices, data centers need vast quantities of cables and cable glands and hence, is stimulating global cable glands market trends.
 

There has been an upsurge in number of local manufacturers which offer goods at relatively low costs are fueling the market size. However, entry of such small players may hinder the global cable glands industry expansion, as these organizations do not follow the set standards for manufacturing.
 

Citing the regional landscape, worldwide cable glands market is segmented into Middle East & Africa (MEA), Asia Pacific, North America, Europe, and Latin America. The report states that Asia Pacific is witnessing notable growth and is expected to expand continuously during the forecast duration, owing to growing construction sector in the region. The Indian government’s efforts to promote FDI (Foreign Direct Investments) in the country is propelling the growth of cable glands industry in India.
 

Major contenders in global cable glands market are Emerson Electric Co., Thomas & Betts Corporation, ABB Ltd., Jacob GmbH Elektrotechnische Fabrik, R. Stahl AG, CMP Products Ltd., Cortem Group S.p.A., Sealcon LLC, Eaton Corporation, Amphenol Corporation, Hubbell Incorporated, and BARTEC Top Holding GmbH.