Hazardous area cable glands will be the driving force behind sales of hazardous area equipment over the coming five years, according to a newly published report.
The market research from MarketsandMarkets predicts an overall compound annual growth rate of 5.74% for hazardous area equipment between now and 2022. Within this broadest definition are explosion-proof and flame-proof hazardous area products, including cable glands and accessories, lighting and strobe beacons, motors and industrial controls. But it is hazardous area cable glands and accessories that are expected to remain the largest contributor to the overall market size, which is predicted to increase from the current $6.24 billion to $8.82 billion worldwide.
The analyst states: “Cable glands and accessories have been a major market for hazardous area equipment.”
“With the wide usage of flame-proof cable glands in every industry, more advancements are taking place and end-users are focusing on the safety at workplaces.”
Process-oriented industries in particular are providing plenty of demand for hazardous area cable glands, which help companies to meet their needs for environmental cabling purposes both now and over the coming five years and beyond.