Cable Glands and Cleats Market - Global Forecast to 2029
The Cable Glands and Cleats market is anticipated to grow from USD 1,120 million in 2024 to USD 1,402.4 million by 2029 with a CAGR of 4.6 % during 2024-2029. The cable glands and cleats market include the manufacturing and supply of devices that secure and protect cables in electrical, instrumentation, and control systems. The cable glands provide a port of entry for cables into electrical enclosures to ensure a secure, weatherproof, and safe connection while cable cleats are meant to fix and protect the cables from mechanical stress or damage. These components are an essential part of various industries: electrical, renewable energy, and oil and gas. Growing demand for reliable and safe electrical infrastructure is the leading factor driving the market of cable glands and cleats. Such factors include growth in industry, adoption of renewable sources of energy, such as wind and solar, and technological advancements. Construction activities are on an increase in developing economies, and so is the need for a secure power transmission network. Moreover, rigorous safety norms in the industrial sector drive the need for high-quality protection solutions for cables.
Based on product type segment, the Cable Glands and Cleats market has been categorized as cable cleats, cable glands and cable lugs. Cable glands, cleats, and lugs are necessary items in any electrical installation. Cable glands are mechanical parts that lock and shield the entrance of the cable to an electrical apparatus and prevent anything from going out while giving a secured sealed contact. Cable cleats fix and support cables. This eliminates any form of mechanical stress that can easily lead to an unsafe situation in an installation. Lugs connect the electrical cable to an equipment, switchboard, or another piece, securing an effective electric connection. These components are mainly used in power generation, oil and gas, telecommunications, renewable energy, and electrical manufacturing industries where safe, durable, and reliable electrical connections are required.
In End User segment, the Cable Glands and Cleats market has been segmented as Industrial, renewable and commercial. The industrial segment is likely to be the fastest-growing end-user for cable cleats and glands because of the rapid pace of industrialization, especially in the Asia-Pacific region. As industries expand, the need for reliable and safe electrical infrastructure increases, driving the need for effective cable management solutions. The growth in renewable energy technologies and increased automation across industries also contribute to this growth. High demand segments for advanced cable protection from high demand sectors such as the oil and gas industries and from manufacturing and power generating have pushed the market on cables and glands in industrial use applications further.
A few of the players operating in the Cable Glands and Cleats market include ABB (Switzerland), Prysmian (Italy), Amphenol Industrial Operations (US), Emerson Electric Co (US), TE Connectivity (Ireland), Eaton Corporation (Ireland), Hubbell Incorporated (US), PFLITSCH GmbH & Co. KG (Germany), CMP Products (UK), and among others.
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Growth opportunities and latent adjacency in Cable Glands and Cleats Market