Gland Kits Market Report: Trends, Forecast and Competitive Analysis to 2030

Gland Kits Market Report: Trends, Forecast and Competitive Analysis to 2030

Gland Kits Trends and Forecast

The future of the gland kits market looks promising with opportunities in the oil and gas, mining, construction, railway, chemical, aerospace, and power and energy markets. The gland kits market is expected to grow with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are growing adoption of advanced cable management systems and expansion of construction industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Gland Kits by Segment

The study includes a forecast for the global gland kits by type, application, and region.

Gland Kits Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Plastic and Polymer Glands
• Metal Glands

Gland Kits Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Oil and Gas
• Mining
• Construction
• Railway
• Chemical
• Aerospace
• Power and Energy
• Others

Gland Kits Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Gland Kits Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies gland kits companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gland kits companies profiled in this report include-

• Amphenol
• Emerson
• ABB
• TE Connectivity
• Eaton
• Hubbell

Gland Kits Market Insights

Lucintel forecasts that metal gland will remain the larger segment over the forecast period as it is stronger and more durable and more resistant to corrosion.

Within this market, oil and gas is expected to witness the highest growth due to usage in several application including drilling rigs, pipelines, production facilities, and storage tanks.

APAC is expected to witness highest growth over the forecast period due to aging infrastructure along with increasing demand for renewable energy projects in the region.

Features of the Gland Kits Market

Market Size Estimates: Gland kits market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Gland kits market size by various segments, such as by type, application, and region in terms of value ($B).

Regional Analysis: Gland kits market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the gland kits market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the gland kits market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for gland kits market?

Answer: The global gland kits market is expected to grow with a CAGR of 6.9% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the gland kits market?

Answer: The major drivers for this market are growing adoption of advanced cable management systems and expansion of construction industry.

Q3. What are the major segments for gland kits market?

Answer: The future of the gland kits market looks promising with opportunities in the oil and gas, mining, construction, railway, chemical, aerospace, and power and energy markets.

Q4. Who are the key gland kits market companies?

Answer: Some of the key gland kits companies are as follows:

• Amphenol
• Emerson
• ABB
• TE Connectivity
• Eaton
• Hubbell

Q5. Which gland kits market segment will be the largest in future?

Answer: Lucintel forecasts that metal gland will remain the larger segment over the forecast period as it is stronger and more durable and more resistant to corrosion.

Q6. In gland kits market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to aging infrastructure along with increasing demand for renewable energy projects in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the gland kits market by type (plastic and polymer glands and metal glands), application (oil and gas, mining, construction, railway, chemical, aerospace, power and energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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