Report ID : 1299896 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Cable Gland Locknuts Industry is categorized based on Material Type (Plastic, Metal, Rubber, Composite, Others) and Application (Electrical, Instrumentation, Telecommunication, Marine, Others) and End-Use Industry (Oil & Gas, Mining, Construction, Manufacturing, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
In 2023, the size of the Cable Gland Locknuts Industry was valued at $500 million and is anticipated to reach $800 million by 2033, expanding at a 5.0% CAGR between 2024 and 2033. The report encompasses multiple segments and provides an analysis of significant trends and factors impacting the market.
The locknut segment of the cable gland market is essential for effective and safe operations of electrical systems across different sectors. These components are created to lock cable glands which are used to fix electrical cables to equipment while safeguarding them from the environment. With the ever-increasing need for electrical connections, the importance of efficient locknuts becomes clear. They are one of the requirements that can effectively stop dust and moisture from entering electrical enclosures and affecting the functioning of the equipment.
Locknuts of cable glands witnessed increased demand largely due to technological advancements and the growing reliance on industrial automation that includes the manufacturing, construction and even the telecommunications industries. Better and safer industrial processes needed strong, efficient and tough components. The variety of products available is huge and serves to withstand different application conditions ranging from harsh industrial environments to sensitive electronics. Such a scenario is not only favorable for the existing players in a market, but it also creates a lot of possibilities and drive for new inventions and techniques to meet the expectations of market buyers.
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2023-2033 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2033 |
HISTORICAL PERIOD | 2023-2024 |
UNIT | VALUE (USD BILLION) |
KEY COMPANIES PROFILED | Panduit Corp, Amphenol Corporation, TE Connectivity Ltd., Hammond Manufacturing, Schneider Electric, Roxtec International AB, Eaton Corporation, Lapp Group, Molex LLC, Cembre S.p.A., Adaptaflex Ltd. |
SEGMENTS COVERED |
By Material Type - Plastic, Metal, Rubber, Composite, Others By Application - Electrical, Instrumentation, Telecommunication, Marine, Others By End-Use Industry - Oil & Gas, Mining, Construction, Manufacturing, Others By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
The Cable Gland Locknuts Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
Verified Industry Insights offers one of the following report customization options to our respectable clients :
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved