Global Modular Cable Sealing System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Modular Cable Sealing System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A modular cable sealing system is a system of prefabricated standard components, also called MCT module, etc. After the cable passes through the through-frame on the wall, a standard variable bore module is inserted between the cables to seal the cable gap by locking the bolts mounted on the wedge block. In the event of a hazardous condition occurring in a given environment, modular cable sealing systems prevent flame, smoke, gases and water from reaching adjacent structures through cable and pipe penetrations. The modular cable sealing system is composed of four parts: cable sealing frame, cable sealing module, pressing device, and partition plate, supplemented by grease and installation tools.

Market Overview:

The latest research study on the global Modular Cable Sealing System market finds that the global Modular Cable Sealing System market reached a value of USD 218.31 million in 2022. It’s expected that the market will achieve USD 391.88 million by 2028, exhibiting a CAGR of 10.24% during the forecast period.

Influence of Russia-Ukraine War

The ongoing Russia-Ukraine conflict has had a significant impact on the modular cable sealing system market. The conflict has led to political and economic instability in the region, which has affected the supply chain and distribution networks of many industries, including the modular cable sealing system market. The conflict has disrupted the flow of raw materials and components from suppliers in the region, leading to delays and increased prices for manufacturers. Additionally, the conflict has led to border closures and transportation disruptions, making it difficult for manufacturers to distribute their products to customers in the region and beyond.
Furthermore, the conflict has also had a negative impact on the overall economy of Ukraine, with many businesses struggling to survive in the face of political and economic uncertainty. This has led to a decrease in demand for modular cable sealing systems in the region, as businesses focus on cutting costs and reducing their investments. Moreover, the conflict has also led to the imposition of sanctions on Russia by many countries, which has further affected the supply chain and distribution networks of the modular cable sealing system market. Companies that rely on Russian suppliers or distributors have been particularly affected, as the sanctions have limited their ability to source materials or sell their products in certain markets.
Overall, the Russia-Ukraine conflict has created a challenging business environment for the modular cable sealing system market, with disruptions to the supply chain, distribution networks, and demand. Companies operating in this market must navigate these challenges and find ways to adapt to the changing conditions to remain competitive and sustainable in the long term.

Industrial automation promotes market demand

The increasing adoption of industrial automation is driving the demand for modular cable sealing systems. As more and more industries turn to automation to improve efficiency and productivity, the cables that connect automated equipment become increasingly critical. These cables carry vital signals and power to the equipment, and any failure or interruption can cause downtime and costly repairs.
Modular cable sealing systems provide protection for these cables by creating a watertight seal around the cable entry points in equipment enclosures. They help prevent dust, water, and other contaminants from entering the enclosure and damaging the cables and other components.
In addition to protecting cables from environmental factors, modular cable sealing systems also improve the safety of automated equipment. By preventing water ingress and reducing the risk of electrical faults, they help reduce the risk of accidents and injuries in the workplace.
Overall, the increasing adoption of industrial automation is driving the demand for modular cable sealing systems as they provide a reliable and cost-effective solution for protecting cables and improving the safety and reliability of automated equipment.

Competition from Traditional Solutions

Traditional cable sealing solutions such as cable glands and cable conduits have been widely used in various industries for a long time and are well-established in the market. As a result, modular cable sealing systems face competition from these traditional solutions, which can limit their market share.
Cable glands are mechanical devices used to attach and secure the end of an electrical cable to the equipment. They provide strain relief and sealing, and are available in various materials such as plastic, brass, and stainless steel. Cable glands are commonly used in industries such as manufacturing, oil and gas, and automotive.
Cable conduits, on the other hand, are tubes used to protect and route electrical cables. They are available in various materials such as plastic, steel, and aluminum, and can be flexible or rigid. Cable conduits are commonly used in industries such as construction, telecommunications, and transportation.
Modular cable sealing systems offer several advantages over traditional cable sealing solutions, such as easier installation and maintenance, more flexibility, and compatibility with a wider range of cable sizes and types. However, the well-established nature of traditional cable sealing solutions, as well as their familiarity among customers, may limit the growth of modular cable sealing system market.

Region Overview:

Middle East & Africa had the highest growth rate of all regions.

In 2022, the share of the Modular Cable Sealing System market in Europe stood at 32.59%.

Company Overview:

Roxtec is one of the major players operating in the Modular Cable Sealing System market, holding a share of 63.23% in 2022.

Roxtec

Roxtec is a company specialising in the development and manufacture of cable and pipe seals (sometimes known as multi cable transits). Roxtec's products are designed to seal cable and pipe penetrations in order to protect from multiple hazards including fire, water, gas, dust, vibrations, electro-magnetic disturbances, vermin, and the risk of explosion. Markets include power, marine, oil and gas, telecoms, infrastructure, industrial equipment, and the process industries.

Hilti

Hilti is a Liechtenstein multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy and manufacturing industries, mainly to the professional end-user.

Segmentation Overview:

Single-Hole: A single-hole cable sealing system is designed for sealing a single cable or wire passing through a single opening in a bulkhead or wall.

Multi-Hole: A multi-hole cable sealing system is designed for sealing multiple cables or wires passing through a single opening in a bulkhead or wall.

The Multi-Hole segment by type showed a value growth of 30.40% in 2022.

Among different product types, Multi-Hole segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Marine: In the marine industry, modular cable sealing systems are used to protect and seal cables and wires that pass through the hull, deck, or bulkheads of ships and boats.

Energy: In the energy industry, modular cable sealing systems are used to protect and seal cables and wires in power plants, wind farms, and other energy production facilities.

Aerospace: In the aerospace industry, modular cable sealing systems are used to protect and seal cables and wires in aircraft, satellites, and other aerospace applications.

The Marine segment by type showed a value growth of 25.49% in 2022.

Among different product types, Marine segment is anticipated to contribute the largest market share in 2027.

Key Companies in the global Modular Cable Sealing System market covered in Chapter 3:

Trelleborg
Roxtec
Zavod HERMES
MCT Brattberg
CONTA CLIP
DELSEAL
Hilti
Comaple
Hawke Transit System

In Chapter 4 and Chapter 14.2, on the basis of types, the Modular Cable Sealing System market from 2018 to 2029 is primarily split into:

Single-Hole
Multi-Hole

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Modular Cable Sealing System market from 2018 to 2029 covers:

Marine
Energy
Aerospace
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)