Cable Glands and Cord Grips Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.2 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
During this period, North America and Europe saw significant investments in smart technologies, further pushing the market for cable glands and cord grips. Industrial automation, renewable energy projects, and the growth in electric vehicle (EV) production were primary drivers behind this upward trend. In particular, EV infrastructure development and a higher reliance on industrial robotics fueled the need for these protective devices. As industries continued their shift toward sustainable and safe practices, the market showed a consistent year-over-year increase in demand, with the introduction of new products and technological advancements in materials used for cable protection.
The demand for cable glands and cord grips remained stable throughout 2022, but challenges arose due to the global supply chain disruptions. Materials like brass, stainless steel, and plastic—critical components in the manufacturing of cable glands and cord grips—saw price fluctuations. Despite these challenges, the market’s long-term trajectory remained positive, driven by advancements in smart grids, renewable energy solutions, and the industrial IoT (Internet of Things). The increased adoption of green energy solutions further bolstered the market, necessitating the use of reliable, durable, and fire-resistant cable management systems.
Looking ahead to 2023 to 2033, the cable glands and cord grips market is poised for another phase of accelerated growth, thanks to a rapid expansion in renewable energy infrastructure and electric vehicle charging stations. Furthermore, the proliferation of data centers, cloud technologies, and telecommunications networks will continue to drive the demand for these essential products. As new technologies such as 5G and smart manufacturing processes gain momentum, industries will require secure and durable cable management solutions more than ever.
The expansion of electrification and renewable energy projects, such as solar farms, wind farms, and grid modernization, will significantly enhance the need for reliable cable glands and cord grips. Companies are expected to develop next-gen solutions tailored for these new markets, with innovations focused on increasing efficiency, reducing installation times, and improving safety standards. The future looks bright for cable glands and cord grips, as these devices evolve to meet the needs of a rapidly changing industrial landscape.
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The Cable Glands and Cord Grips market has witnessed substantial growth from 2018 to 2022, driven by an increase in demand for industrial equipment, automation, and connectivity solutions across various industries such as manufacturing, energy, automotive, and telecommunications. These markets are pivotal in securing and protecting electrical cables, ensuring safe operations in hazardous environments. Between 2018 and 2022, the demand for cable glands and cord grips surged as sectors across the globe embraced electrification, creating an imperative need for robust electrical installations.
ABB
Altech Corporation
Amphenol
Axis Communications
BARTEC Group
Beisit Electric Tech
Bimed Teknik
Caledonian Cables
CCG Cable Terminations
CMP Products
Conta-Clip
Cortem
Eaton
El Sewedy Electric
Emerson
Hubbell
Hummel AG
Jacob GmbH
Lapp Group
Metal Craft Industries
Molex
Pflitsch
R.Stahl AG
Rittal
Sealcon
TE Connectivity
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cable Glands and Cord Grips Market
Electrical Power
Telecommunications
Industrial
Other
Based on Types the Market is categorized into Below types that held the largest Cable Glands and Cord Grips market share In 2023.
Metal Type
Plastic Type
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cable Glands and Cord Grips Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cable Glands and Cord Grips Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cable Glands and Cord Grips Market, By Type
6. Global Cable Glands and Cord Grips Market, By Application
7. Global Cable Glands and Cord Grips Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cable Glands and Cord Grips Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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