The report " Global Cable Glands Market, By Type (Non-Hazardous Area Cable Glands and Hazardous Area Cable Glands), By Cable Type (Armored Cable Glands and Unarmored Cables), By Material Used (Brass, Aluminium, Plastic, Stainless Steel, and Other Material Types), By Industrial Vertical (Aerospace, Construction, Manufacturing and Processing, Oil and Gas, Power and Utilities, and Other End-user Industries (Marine, Mining, Chemicals)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030. Rise in energy demand levels across the globe coupled with an increase in population, and growth in real estates are expected to drive the growth of the cable glands market over the forecast period. Also, factors such as upgrade and renewal of existing networks, owing to surge in the construction cable type along with the rise in government regulations, among developing countries, globally, is boosting the growth of the target market. Nevertheless, continuous demand for energy and power in the developing and developed countries create a major opportunity for the target market expansion. Some of the emerging regions, such as Bulgaria, Romania, Laos, and other regions, needs investment to grow their industrial sectors. Financing in such developing regions can help in the development of the respective country’s economy. Thus, the investments made in such untapped regions for the growth in their economic sectors are projected to create lucrative growth opportunities for the global market over the forecast period.
Global Cable Glands Market worth | PMI (prophecymarketinsights.com)