Cable Gland Plugs Market Scope
Cable gland plug refers to a type of accessory which is used for sealing off the electrical connectors or cable glands in any circuit either in a temporary or permanent basis to maintain standard ingress levels on enclosures or panels and to avoid dust, gas, and moisture on unclosed ends of electrical connections. Increasing automobile production, increasing automation across different end-use verticals such as rail sector, construction, and manufacturing facilities of different end-use industry veterans, and growing production of rolling stock globally are some of the key factors aiding into the growth of cable gland plugs market globally.
The market study is being classified by Type (Blanking Plug, Stopping Plug, Blind Plug, Sealing Plug and Drain Plug), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
Global cable gland plugs market is moderately fragmented with the presence of more than 50 players across the world which are continuously developing the innovative product to cater to different requirements according to different end-use industries. Moreover, vendors in this market are taking a sheer interest in acquiring small players or merging up with other players to gain the market share to remain competitive in the market. Research Analyst at AMA predicts that Germany Manufacturers will contribute to the maximum growth of Global Cable Gland Plugs market throughout the predicted period.
Weidmüller (Germany), CABLECRAFT LTD. (England), Premier Farnell Limited (UK), Essentra (UK), Xinguang Plastic Co. Ltd. (China), Rose Systemtechnik GmbH (Germany), ABB (Switzerland), Legrand Group (France), Pepperl+Fuchs (Germany), CMP Products Limited (UK), Richard Wöhr GmbH (Germany), Autronica Fire & Security AS (Norway), Lapp Group (Germany) and Schneider Electric (France) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Dada Corporation (India), Automation Systems Interconnect, Inc. (United States) and SHIMADA ELECTRIC CO., LTD (Japan).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Cable Gland Plugs market by Type, Application and Region.
On the basis of geography, the market of Cable Gland Plugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In August 2019, ROSE Systemtechnik acquired CRE Rösler Electronic GmbH a leading provider of automation solutions which let ROSE Systemtechnik become a complete supplier of HMI solutions.
In April 2019, RS components Ltd. (a part of Electrocomponents Group and distributor of electronic components of different companies such as ABB and Schneider Electric) launched into North America with focus on electronic components.
Market Trend
- Increasing Fire Safety and Security Concerns Across End-use Applications
- Growing Adoption of Plastic-based Products
Market Drivers
- Growing Demand Across the Rail Industry due to the Increasing Production of Rolling Stock Globally
- Increasing Automation Across Different Industry Verticals such as Rail, Automotive, Construction, and Manufacturing Plants
- Increasing Automobile Production Across the World
Opportunities
- Rising Demand for Electrification Across Industries such as Automotive, Solar, and Railways
- The Growing Number of Electrification Projects Across Different Regions
Analyst View
Increasing developments in electrical components is one of the major factors driving the market for cable gland plugs globally. Vendors in this market are continuously trying to innovate their product portfolio by adding new featured products and also focusing on geographic expansion for capturing new markets. For instance, in 2017, a new subsidiary was launnched in Moscow (Russia) named Phoenix Meccano Russia which is the result of merger between exsting operational branches of ROSE Systemtechnik GmbH and Bopla Gehäusesysteme GmbH.
Key Target Audience
Plant and Machine Construction Vendors, Robotics Market Vendors, Automation Service Providers, Railway Technology Manufacturers, Automotive Manufacturers and Others
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