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Metal Cord Grips Market Trends

Report ID: GMI9887
Published Date: Jun 2024
Report Format: PDF

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Metal Cord Grips Market Trends

The metal cord grip market, while established, is experiencing a surge in technological advancements driven by the need for enhanced functionality, safety, and efficiency. The market has undergone significant technological advancements, driven by the increasing demand for secure and reliable cable management solutions in various industries. Metal cord grips, also known as cable glands, are essential components used to provide strain relief, sealing, and grounding for cables entering electrical equipment. These grips are predominantly made from robust materials such as stainless steel, brass, and aluminum, which offer high durability, corrosion resistance, and mechanical strength. The market has seen substantial growth due to the expanding applications in sectors like automation, manufacturing, energy, and telecommunications.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of metal cord grips was reached USD 1.68 billion in 2023 and is anticipated to register 5.2% CAGR between 2024 and 2032, due to the increasing manufacturing industries.

The stainless-steel segment in the metal cord grips market generated a revenue of USD 760.5 million in 2023 and is expected to reach USD 1.16 billion by 2032, owing to the excellent durability and longevity for providing a reliable cable management.

Asia Pacific region dominated 36% share of the metal cord grips market in 2023 and is expected to reach USD 1.03 billion by 2032, attributed to the rapid industrialization and infrastructure development.

Alpha Wire, Amphenol Industrial, Anamet Electrical, Cooper Crouse-Hinds (Eaton), Eaton, Heyco (Nexans), Hubbell Wiring Device-Kellems, Lapp Group, Leviton, Mencom Corporation, Panduit, R. Stahl, Remke Industries, Sealcon, and Thomas & Betts (ABB)