Explosion-Proof Cable Glands Market Size, Share, Growth, and Industry Analysis, By Type (Increased Safety, Flameproof, EMC and Others), By Application (Oil & Gas, Mining, Chemical, Manufacturing & Processing and Others) and Regional Forecast to 2032

Updated On: 04 November 2024

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EXPLOSION-PROOF CABLE GLANDS MARKET REPORT OVERVIEW

The Explosion-Proof Cable Glands Market Size was Valued at US$ 162.78 Million in 2023. The Market is likely to Surpass US$ 231.69 Million by 2032 at a CAGR of 3.59% During the Forecast period [2024-2032].

Explosion-proof cable glands are usually specialized connecting pieces that are applied for fastening and providing the end connection of cables in explosive zones owing to the presence of flammable gases, vapors, or dust. These environments are often typical in such sectors as oil & gas, chemistry, mining or pharma & biopharmaceutical. Explosion-proof cable glands guarantee the proper passage of cable into the enclosure so as not to allow the admittance of explosive gases into the enclosures while maintaining the homogeneity of the explosion proof enclosure.

COVID-19 Impact: Market Growth restrained by the Pandemic due to Supply Chain Disruptions

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic resulted in unfavorable disruptions of the global supply chain considering the lockdowns that were carried out, restricted travels, and factory shutdowns. This led to the slowing down of producing and delivering the explosion-proof cable glands which negatively affected customers’ supply and lead times.

LATEST TRENDS

"Increased Adoption of Automation and IoT to Propel Market Growth"

Use of automation and Industrial Internet of Things (IIOT) continuing to expand has emerged as a major trend affecting the explosion-proof cable glands market. With the oil and gas, chemical processing, mining sectors beginning to apply industrial automation and IIoT to optimize performance, safety, and to monitor and control processes, the requirement for explosion proof cable glands and accessories increases. These advanced environments call for cable management solutions with the integration capabilities suited to precise networks of sensors, controllers, and communication equipment all of which functioning beneath hazardous environments. Another important part usually found in many industries is the explosion-proof cable gland helping to seal the connection of the various automated systems and excluding the penetration of the explosive gases or dust in addition to preserving the electrical connection.

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EXPLOSION-PROOF CABLE GLANDS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Increased Safety, Flameproof, EMC and Others.

• Increased Safety- These cable glands are intended for preventing sparks’ appearance and restricting a temperature of the surface in case of an explosion danger zone. They are used in “more safety” applications where the chances of sparking are eliminated by the use of non sparking parts, and better insulation.

• Flameproof- A flameproof cable gland is designed to confine any internal explosion within the equipment and stop the propagation of the explosion to the outside hazardous zone. These are applied in flameproof or explosion-proof in which the housing of the apparatus is able to sustain an explosion of a particular gas or vapor.

• EMC- EMC cable glands are made to offer a barrier to Electromagnetic Interference (EMI), ensuring that electronics equipment integrated in the system is not interceded. These glands are used in the zones where it is necessary to combine explosion protection and electromagnetic compatibility.

By Application

Based on application the market can be categorized into Cruise and Ferry, Offshore Vessel, Merchant and Others.

• Oil & Gas- In oil and gas industries, the cable glands explosion proof seal plays significant role in providing safety to electrical installation that can have fire liable environments i.e. explosive gases and vapors. These glands are specially intended for severe environment such as high heat, chemical and mechanical erosion and so on.

• Mining- The mining industry exists in some of the harshest and dangerous environments accompanied by threats of explosion from combustible dust and gases. Mining application is used inside the cable glands equipped with an explosion-proof that has the capability to operate under high mechanical loads and vibrations and is suitable for dust and moisture.

• Chemical- Basically, chemical plants deal with several flammable and dangerous materials that need well-safeguarded cable glands to avoid any leakage and explosions. These glands must also avoid the effect of highly acidic or alkaline solutions and be gas and liquid tight.

• Manufacturing & Processing- Explosion proof cable gland find usage in the manufacturing and processing industries where combustible dust, fibers or gases occur like in food processing units, pharmaceutical industries, textile industries. These glands have to guarantee strong mechanical protection and a proper seal should not be allowed to any possible ignition sources.

DRIVING FACTORS

"Growth in Hazardous Industries to Drive Market Advancement"

One of the key driving factors in the Explosion-proof Cable Glands market growth is the Growth in Hazardous Industries. Increase in dangerous sectors like oil and | and gas, chemical, mining, drug and food sectors, are anticipated to fuel the demand of the explosion-proof cable glands market. These industries are involved in activities where leakage of flammable gases, vapors, combustible dust, other explosive materials or other hazardous conditions may occur always posing an explosion hazard. For a better protection of the employees, apparatus, and structures in such areas, rigorous safety standards and code are implemented across the world. In reactive and hazardous industries, explosion-proof cable glands are the most important components as they effectively secure and connect cables to electrical equipment and housings which eliminate explosive gases or dust.

"Increasing Automation and IIoT Adoption to Expand the Market"

Automation and IIoT is a major factor that has influence the growth of the explosion proof cable glands market. With the progressing industrial advances in the Oil & Gas sector, chemical processing, mining, manufacturing industry and many other industries, today they are increasingly adopting automation technologies to have better operational control, reduced cost and high end safety then explosion proof cable gland has been evaluated more. Automation and IIoT solutions require the connection of highly advanced sensors, actuators, controllers, and communication devices that by design require safe electrical connections.

RESTRAINING FACTOR

"High Cost Potential Impediments to Market Growth"

The high costs of explosion-proof cable glands act as a constraint in the global market as those cables are required in a plethora of industries to meet safety and legal requirements. While ordinary cable glands are simply used to hold a cable in place, explosion-proof ones are meant for possibly explosive areas which would exclude sparks or flames from entering or being transmitted by the cable glands. This requires its build from strong materials like stainless steel, nickel-plated brass or non-metallic materials, careful manufacturing and that the equipment complies to ATEX, IECEx and / or UL standards. These aspects culminate into high costs of production for manufacturers that are consequently extended to end-consumers.

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EXPLOSION-PROOF CABLE GLANDS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America To Dominate The Market Due To Presence Of Industrial Infrastucture"

North America has emerged as the most dominant region in the Explosion-proof Cable Glands market share due to a convergence of factors that propel its leadership in this dynamic industry. There regional industries like oil and natural gas, chemicals, and mining that are hugely relied on in North America and thus embrace the use of explosion-proof cable glands prominently. These industries have very strict requirements to safety and high demands to the equipment; therefore, there is a need for safe and certified explosion-proof products.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Explosion-proof Cable Glands Landscape through Innovation and Global Strategy"

Major industry players are pivotal in shaping the Explosion-proof Cable Glands market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of Explosion-proof Cable Glands.

LIST OF MARKET PLAYERS PROFILED

• Hummel AG(Germany)
• Elsewedy Electric(Egypt)
• Jacob GmbH (Germany)
• Weidmller Interface GmbH & Co.(Germany)
• Cortem Group (Italy)

INDUSTRIAL DEVELOPMENT

Feb 2021: CMP Products Ltd has received certification to the South African National Standard SANS 60079 for their hazardous area cable glands and accessories line. The accreditation will enhance the company's expansion throughout South Africa and the whole African market, convenience and immediate availability of products in Johannesburg.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.