Market Trends of Cable Glands Industry
This section covers the major market trends shaping the Cable Glands Market according to our research experts:
Aerospace Sector to Hold a Significant Market Share
- Cable glands find significant applications among aircraft and space vehicles, including military applications, as they are used across the electrical equipment in aircraft for defense services. Cable glands withstand fire propagation, explosion and protect against the entry of oil, water, or any other kind of liquids into the panel compartment.
- In aerospace equipment, these are substantially used for ground support applications and communication systems to seal the valves, thus providing a more significant advantage over electrical sensing devices. Mechanical cable assemblies, wire connectors, and fittings, along with cable glands, play a crucial role in flight control systems, cabin performance, and safety, supporting aerospace industries across the board regardless of civilian, commercial, or military design.
- For instance, the Ventilation Cable Gland DAK 284, by STEGO Elektrotechnik GmbH, is used to lead cables and wires into cabinets and enclosures. It allows for pressure compensation within the enclosure, thereby minimizing a separate work step to install pressure compensation devices.
- Factors such as the increasing need for better utilization of resources and materials, minimization of maintenance costs, protection from dust and moisture present in space vehicles, enhancing the performance, and safety systems are significantly driving the growth in the adoption of cable glands in this sector. Cable glands provide better sealing protection for those configured to operate with any specific size and range of cable parameters.
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North America to Dominate the Market
- The demand for technologically advanced equipment is creating significant demand for cable glands in North America. North American is a technology-based region mainly relying on construction, manufacturing, and oil & natural gas industries. The United States is one of the significant markets for cable glands (and other cable management tools), and it is expected to continue its dominance.
- Increasing consumer demand and innovation, combined with a competing workforce and supply chain capable of building, installing, and servicing all energy technologies, make the United States one of the most attractive markets. According to the International Energy Agency, the United States has experienced a total Global investment in energy efficiency of USD 250 Billion in 2019.
- With the rising environmental concerns among the population, many individuals are investing in eco-friendly resource consumption. The adoption of solar power has seen a high growth rate over the last few years. The US government has also set financial incentives to make solar more accessible. As solar applications demand cables with maximum reliability to prevent costly downtime and disruption to the energy grid, the demand for cable glands is expected to rise over the forecast period.
- The rise in population has led to an increase in the demand for energy and infrastructure, thus propelling the region’s construction industry during the forecasted years. Heavy investments in the commercial & residential sector have increased the cash flow into the economy, boosting the demand for the cable glands in the region. The Canadian market for cable glands is proliferating, owing to the abundant resources in the country.
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