The collective revenue of Cable Glands by Middle East & Africa is expected to generate USD 835.13 Mn during 2020-2027.
The Middle East & Africa market covers countries such as Saudi Arabia, United Arab Emirates, Egypt, Israel, South Africa, Nigeria, and Ghana among others in its report scope. The Middle East and Africa cable glands market is increasing at a steady pace owing to the rising oil and gas production from the middle eastern countries such as Saudi Arabia, Kuwait and others.
The installation of cable glands in the Oil and Gas sector is increasing due to the end-product capabilities to withstand high temperature ranges, protection against aggressive media, and use of explosion proof materials. The rise in automated products in the Oil & Gas industry have shifted focus towards the mandatory installation of EMC cable glands with body plastic inlet and neoprene seal as a growing market trend. The growing Middle East oil and gas industry is the primary factor contributing to the growth of the middle east cable glands market. Increasing use of cable glands in the oil and gas industry as a heat resistant and explosion resistant medium is the major driving factor of the cable glands market in the middle eastern region.
According to the Global Energy Year Statistical Yearbook, the Middle East crude oil production increased from 1,323 megatons in 2014 to 1,369 megatons in 2015 finally reaching 1,457 megatons in 2016. Owing to these factors, the middle east & Africa’s cable gland market is expected to grow at a healthy pace in the future.
Upgradation And Renewal Of Existing Networks In Developing Economies
- The increasing public and private investments in the construction sector of the emerging economies drive the growth of this market.
- The GCC (Gulf Cooperation Council) countries have long-term strategies of development projects that focus on social infrastructure and transportation. This will eventually lead to more opportunities for the cable glands market in the Middle East.
- Saudi Arabia’s active endeavour to upgrade its transport infrastructure (eg. rail, port, airport), and develop better leisure and healthcare facilities as well as its colossal projects such as The Red Sea Project, Neom, the Maritime City, and the Qiddiya Entertainment City are anticipated to give Saudi Arabia the most proactive construction segment, in turn driving demand for cable glands.
- Additionally, the Asia Pacific region has seen an increase in government investments in infrastructure constructions and governmental investment in mega projects, such as the China-Pakistan Economic Corridor, Hong Kong-Zhuhai-Macao Bridge, Hyderabad Metro Rail, Navi Mumbai International Airport, and Japan’s maglev High-Speed Rail, are expected to boost the demand for cable glands in the region.
Competitive Scenario
The Global Cable Glands Market is fragmented, with geographical presence of a large number of manufacturers offering cable glands with moderate product differentiation and competitive pricing structure. The extensive product portfolio of leading companies, coupled with the commercial availability of the cable glands in diverse variations of composite materials have impacted the competitiveness of the market in an influential manner. The global market reach of the significant market players have enhanced consumer service for an extended consumer base, expanding business activities and strengthening global market position as well. For instance, on March 12, 2019, CMP Products strengthened its presence in Africa with the opening of a new 516m2 warehouse/office facility in Johannesburg, South Africa. The move strengthens the market presence in Africa through substantial investments and easy access to regional consumers.
The existence of local vendors and shift in consumer presence towards locally-sourced manufacturers owing to faster product delivery and cost-effective pricing structure of the end-products. The industry competitiveness in turn is intensified by local vendors vying for significant market share. The innovative product launch is a significant business strategy followed by companies in an attempt to maintain competitive edge over other market players.
For instance, on July 23, 2018, Hummel AG launched the new VariaPro Rail cable gland which meets all the requirements for use in rail transport. It has successfully passed the tests of the fire protection standards DIN EN 45545-2 and 45545-3. This means that the VariaPro Rail can be used without restriction in all trains on the European rail network. Further, on September 20, 2018, Jacob GmbH launched the WADI series, a new range of cable glands with cable-friendly clamping technology. The new product line is more flexible and compatible with different cable diameters thanks to the increased clamping area. This essentially gives WADI cable glands a built-in system for increasing the clamping area in the event of discrepancies with the specified cable diameter.
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