The finding of an in-depth research conducted by the publisher shows the market for cable glands in North America to grow progressively in terms of revenue, at a CAGR of 6.62% over the forecasting period 2019-2027.
The United States and Canada together constitute the North America cable glands market.
The Canadian market for cable glands is growing rapidly, owing to the abundant resources in the country. Canada is considered to be one of the major exporters of oil & natural gas, which is enhancing the demand for cable glands in the country. Another factor fueling the growth of Canada's cable glands market is the United States' dependence on the country for oil.
The Canadian Association of Petroleum Producers (CAPP), in 2016, stated that over 1,500 US-based companies provided parts, equipment, and services that were used in oil sands in Alberta alone, during the industrial slowdown at the time.
This makes Canada a leading destination for the sales of goods and services from the US, that cater to the needs of the industry's nationwide supply chain. This factor is aiding the growth of the cable glands market in Canada during the forecast period.
Jacob GmbH, Hubbell, Incorporated, Thomas & Betts Corporation, Amphenol Corporation, ABB Ltd. and Cortem Group are the companies having a strong foothold in the cable glands market.
Key Topics Covered:
1. North America Cable Glands Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Rising Demand For Hazardous Cable Glands
2.2.2. Swelling Demand For Cable Connectors In The Aerospace Sector
2.3. Porter's Five Forces Analysis
2.4. Key Impact Analysis
2.4.3. Ease Of Use
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Market Drivers
2.7.1. Government Regulations Fuel The Demand For Cable Glands
2.7.2. Restoration Of Electrical Networks In Several Regions
2.7.3. Rise In Construction Undertakings In Developing Regions
2.7.4. Wide Adoption Of Automation
2.8. Market Restraints
2.8.1. Variability In Raw Material Prices
2.9. Market Opportunities
2.9.1. Emerging Growth In Budding Markets
2.9.2. Surge In Count Of Data Centers
2.10. Market Challenges
2.10.1. Suspension Of The Local Markets
3. North America Cable Glands Market Outlook - By Type
3.2.1. Increased Safety
3.2.3. EMC Cable Glands
4. North America Cable Glands Market Outlook - By Cable Type
5. North America Cable Glands Market Outlook - By Material
5.2. Stainless Steel
6. North America Cable Glands Market Outlook - By Application
6.1. Oil & Gas
6.4. Manufacturing & Processing
7. North America Cable Glands Market - Regional Outlook
7.1. North America
7.1.1. United States
8. Competitive Landscape
8.1. ABB Ltd.
8.2. Amphenol Corporation
8.3. Eaton Corporation
8.4. Emerson Electric Co.
8.5. Hubbell, Incorporated
8.6. Thomas & Betts Corporation
8.7. Cmp Products
8.8. Cortem Group
8.9. Bartec Group
8.10. Jacob Gmbh
8.11. Sealcon Llc
8.12. R. Stahl Ag
For more information about this report visit https://www.researchandmarkets.com/r/5c3gt0