Cable Glands Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0194007
  • Format: Electronic (PDF)
  • Number of Pages: 190
  • Author(s): Joshi, Madhavi

Report Overview

The Cable Glands Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 7 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Cable Glands Market

(Market Size)
$3.2 billion
$7 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 3.2 billion
2030 Market Size USD 7 billion
Key Players ABB, Eaton, Schneider Electric, Hubbell, Amphenol

Market Summary

The cable glands market is an integral component within the energy and power industry, providing essential solutions for securing and protecting electrical cables in various demanding environments. These devices ensure the integrity of electrical systems by preventing the ingress of dust, moisture, and other contaminants, while also offering strain relief and grounding capabilities. The market is characterized by its critical role in enhancing operational safety and reliability across power generation, transmission, and distribution networks. With the global push towards modernization of energy infrastructure and increasing investments in renewable energy projects, the demand for high-quality cable glands is experiencing steady growth. Industries such as oil and gas, utilities, and renewable energy are major end-users, driving the need for robust and certified products that can withstand harsh conditions. The market is also influenced by stringent regulatory standards and certifications that mandate the use of reliable cable management solutions to prevent electrical failures and ensure workplace safety. Technological advancements are leading to the development of more durable and versatile cable glands, catering to a wide range of cable types and environmental challenges. As energy systems become more complex and distributed, the importance of effective cable sealing and protection continues to rise, positioning the cable glands market as a vital segment within the broader energy and power sector.

Key Highlights

The cable glands market is distinguished by several key factors that underscore its importance and growth trajectory. One of the primary highlights is the increasing emphasis on safety and compliance with international standards, such as ATEX, IECEx, and NEC, which mandate the use of certified cable glands in hazardous and non-hazardous areas. This regulatory environment drives innovation and quality improvements among manufacturers. Another significant aspect is the growing adoption of cable glands in renewable energy applications, including solar and wind power installations, where they protect connections from environmental stressors like UV radiation, temperature fluctuations, and moisture. The market is also seeing a trend towards the development of specialized glands for specific industries, such as oil and gas, which require products capable of withstanding extreme pressures, corrosive substances, and explosive atmospheres. Additionally, the rise of smart grids and digitalization in the energy sector is creating new opportunities for advanced cable gland solutions that integrate with IoT and monitoring systems. Leading companies in the market, including Eaton, ABB, and Hubbell, are continuously investing in research and development to introduce products with enhanced features like electromagnetic compatibility and ease of installation. These highlights collectively reflect a market that is responsive to evolving industry needs and technological progress.

Drivers, Opportunities & Restraints

The cable glands market is propelled by several drivers, with safety regulations and the expansion of energy infrastructure being paramount. Strict governmental and industry standards require the use of reliable cable management systems to prevent accidents and ensure operational continuity, particularly in hazardous environments common in the energy and power sector. The global increase in energy consumption, coupled with investments in upgrading aging power grids and developing new renewable energy projects, further accelerates demand. Opportunities abound in emerging economies where rapid industrialization and urbanization are driving the need for robust electrical systems. The transition towards renewable energy sources, such as offshore wind farms and large-scale solar installations, presents significant growth prospects for cable gland manufacturers, as these applications demand highly durable and weather-resistant products. Additionally, the integration of smart technologies and the Internet of Things in energy systems opens avenues for innovative cable gland solutions that offer monitoring and diagnostic capabilities. However, the market faces restraints including price volatility of raw materials like brass and stainless steel, which can impact manufacturing costs and profitability. Intense competition among established players and the presence of low-cost alternatives in certain regions also pose challenges. Economic uncertainties and fluctuations in industrial investment can further influence market dynamics, requiring companies to adopt flexible strategies to maintain growth.

Concentration Insights

The cable glands market exhibits a concentrated competitive landscape with a mix of global leaders and specialized regional players dominating the industry. Major companies such as Eaton, ABB, Hubbell, and Emerson have established strong positions through extensive product portfolios, global distribution networks, and continuous innovation. These players focus on catering to diverse industry requirements by offering cable glands that meet various international standards and certifications. The market concentration is also characterized by strategic mergers and acquisitions, which enable companies to expand their geographic reach and enhance their technological capabilities. For instance, acquisitions of smaller firms specializing in niche applications allow larger entities to diversify their offerings and strengthen their market presence. Regional concentration is notable in areas with high industrial activity and energy infrastructure development, such as North America, Europe, and Asia-Pacific. In these regions, local manufacturers often compete by providing cost-effective solutions tailored to specific market needs, though they may face challenges in matching the research and development investments of global giants. The concentration insights reveal a market where innovation, quality, and compliance are key differentiators, and where partnerships and collaborations are common strategies to address evolving customer demands and regulatory requirements.

Type Insights

Cable glands are available in various types, each designed to meet specific environmental and application requirements within the energy and power industry. Metallic cable glands, typically made from materials like brass, stainless steel, and aluminum, are widely used in harsh and hazardous conditions due to their durability, corrosion resistance, and ability to provide effective electromagnetic shielding. These are common in oil and gas facilities, chemical plants, and heavy industrial settings where mechanical strength and safety are critical. Non-metallic cable glands, constructed from materials such as nylon or polyamide, offer advantages like lightweight design, resistance to corrosion, and suitability for use in corrosive or damp environments. They are often employed in applications where electrical insulation is paramount, such as in renewable energy installations and water treatment plants. Additionally, there are specialized types including armored cable glands, which provide extra protection for cables with metal armor, and double compression glands that enhance sealing effectiveness. The choice of cable gland type depends on factors such as the cable size, environmental exposure, industry standards, and specific performance requirements. Manufacturers continuously innovate to develop hybrid and multi-purpose glands that address a broader range of applications, reflecting the diverse needs of the energy and power sector.

Application Insights

In the energy and power industry, cable glands find applications across a spectrum of critical functions, ensuring the safety and efficiency of electrical systems. One of the primary applications is in power generation facilities, including thermal, nuclear, hydroelectric, and renewable energy plants, where cable glands secure and protect wiring in control systems, turbines, and switchgear. They are essential for maintaining integrity in environments with high temperatures, vibrations, and exposure to chemicals or moisture. In transmission and distribution networks, cable glands are used in substations, transformers, and overhead line connections to prevent ingress of contaminants and provide grounding, thereby reducing the risk of electrical faults and enhancing reliability. The oil and gas sector relies heavily on certified flameproof and explosion-proof cable glands for drilling rigs, refineries, and pipelines where explosive atmospheres are present. Renewable energy applications, such as solar farms and wind turbines, utilize UV-resistant and weatherproof glands to protect connections from environmental elements and ensure long-term performance. Additionally, cable glands are employed in industrial automation and control systems within energy facilities, supporting the seamless operation of monitoring and diagnostic equipment. The versatility of cable glands makes them indispensable in safeguarding electrical infrastructure across various segments of the energy and power industry.

Regional Insights

The cable glands market demonstrates distinct regional dynamics influenced by industrialization, energy infrastructure development, and regulatory frameworks. North America is a significant market, driven by stringent safety standards, ongoing upgrades to power grids, and substantial investments in oil and gas exploration. The presence of major energy companies and a focus on renewable energy projects further bolster demand in this region. Europe follows closely, with strong emphasis on compliance with ATEX and IECEx directives, particularly in industries like chemicals, manufacturing, and offshore wind energy. Countries such as Germany, the UK, and Norway are key contributors due to their advanced industrial bases and commitment to energy transition. The Asia-Pacific region is experiencing rapid growth, fueled by expanding energy infrastructure, urbanization, and increasing investments in power generation and distribution. China and India are at the forefront, with large-scale renewable energy initiatives and industrial expansion driving the need for reliable cable management solutions. Latin America and the Middle East & Africa are emerging markets, where developments in oil and gas, mining, and power sectors create opportunities, though economic volatility can impact growth. Overall, regional insights highlight a globally diverse market with growth potential aligned with local industrial activities and energy policies.

Company Insights

The cable glands market features several prominent companies that lead through innovation, quality, and global reach. Eaton Corporation is a key player, offering a comprehensive range of cable glands designed for hazardous and non-hazardous environments, with products known for their reliability and compliance with international standards. ABB Ltd. provides advanced cable gland solutions integrated with its broader portfolio of electrification products, focusing on applications in energy, utilities, and industry. Hubbell Incorporated is recognized for its robust and durable glands, particularly in the North American market, catering to sectors like oil and gas and construction. Emerson Electric Co. specializes in explosion-proof and corrosion-resistant glands, serving demanding industries with a emphasis on safety and performance. Other significant players include Bartec GmbH, which offers specialized glands for hazardous areas, and CMP Products Limited, known for its innovation in armored and maritime applications. These companies invest heavily in research and development to introduce products with enhanced features such as easier installation, better sealing technologies, and compatibility with emerging energy systems. Competitive strategies often involve expanding product lines, obtaining additional certifications, and forming strategic partnerships to address evolving market needs and strengthen global presence.

Recent Developments

Recent developments in the cable glands market reflect ongoing innovation and strategic moves by key players to adapt to industry trends and customer requirements. There has been a noticeable increase in the introduction of products designed for renewable energy applications, such as glands with enhanced UV resistance and materials suited for offshore wind farms. Companies are also focusing on developing smart cable glands that incorporate sensors for monitoring environmental conditions and cable health, aligning with the growth of IoT in the energy sector. Mergers and acquisitions continue to shape the market, with larger entities acquiring specialized firms to broaden their technological capabilities and geographic footprint. For instance, recent acquisitions have enabled companies to enter new regional markets or enhance their offerings in niche segments like mining or marine energy. Additionally, there is a growing emphasis on sustainability, with manufacturers exploring eco-friendly materials and production processes to reduce environmental impact. Regulatory updates, such as changes in international standards for hazardous area equipment, have prompted companies to redesign products to ensure compliance and maintain market competitiveness. These developments indicate a dynamic market where innovation, strategic expansion, and adherence to evolving standards are critical for success.

Report Segmentation

This report on the cable glands market provides a detailed analysis segmented by type, material, application, and region to offer comprehensive insights. The type segmentation includes metallic cable glands, which are sub-categorized into brass, stainless steel, and aluminum variants, and non-metallic glands made from materials like nylon and polyamide. Specialized types such as armored cable glands and explosion-proof glands are also covered, highlighting their specific use cases and performance characteristics. Material segmentation examines the properties and suitability of different materials for various environments, focusing on factors like corrosion resistance, mechanical strength, and cost-effectiveness. Application segmentation delves into key sectors within the energy and power industry, including power generation (thermal, renewable, nuclear), transmission and distribution, oil and gas, and industrial automation. Each application segment analyzes the unique requirements and demand drivers for cable glands. Regional segmentation provides a granular view of market dynamics across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, assessing factors such as regulatory influences, infrastructure development, and competitive landscapes. This structured approach ensures that the report delivers actionable intelligence for stakeholders seeking to understand market trends and opportunities.

FAQs

What are the different types of cable glands used in the energy sector? Cable glands in the energy sector include metallic types like brass and stainless steel for harsh environments, non-metallic types for corrosion resistance, and specialized variants such as explosion-proof and armored glands for safety and durability.

How do cable glands enhance electrical safety? Cable glands enhance electrical safety by providing a secure seal that prevents dust, moisture, and contaminants from entering electrical enclosures, reducing the risk of short circuits, fires, and equipment failure.

What materials are commonly used for cable glands? Common materials for cable glands include brass for general use, stainless steel for corrosive environments, and non-metallic materials like nylon for applications requiring electrical insulation and resistance to chemicals.

Why are certifications important for cable glands? Certifications such as ATEX, IECEx, and UL ensure that cable glands meet stringent safety and performance standards, particularly for use in hazardous areas where failure could lead to accidents.

What industries rely heavily on cable glands? Industries such as oil and gas, power generation, renewable energy, and industrial manufacturing rely heavily on cable glands to protect electrical systems in demanding operating conditions.

How to choose the right cable gland for a specific application? Choosing the right cable gland involves considering factors like environmental conditions, cable type and size, required certifications, and material compatibility to ensure optimal performance and safety.

Citius Research has developed a research report titled “Cable Glands Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Cable Glands Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Cable Glands Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Cable Glands Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Cable Glands Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Cable Glands Market
• Research Methodology
• Executive Summary
• Market Dynamics of Cable Glands Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Cable Glands Market
• Cost and Gross Margin Analysis of Cable Glands Market
• Cable Glands Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Cable Glands Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Cable Glands Market Key Stakeholders

Below are the key stakeholders for the Cable Glands Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Cable Glands Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Cable Glands Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Cable Glands Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Cable Glands Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Cable Glands Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Cable Glands Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Cable Glands Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Cable Glands Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Cable Glands Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Cable Glands Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Cable Glands Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Cable Glands Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Cable Glands Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Cable Glands Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Cable Glands Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Cable Glands Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Cable Glands Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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