Abstract: A protective component for a power cable of an industrial electro-magnetic lifting device includes a top portion and a bottom portion. The protective component is formed with an opening, which extends through the top and bottom portion to enable the protective component to be disposed around a power cable of a lifting magnet. The bottom portion includes an inner diameter, which enables the top portion of a second subsequent protective component disposed around the power cable to nest or rest within the bottom portion. A plurality of protective components can be disposed around the power cable so that each protective component bottom opening mates with the top portion of a preceding protective component and the top portion mates with the bottom opening of a subsequent protective component to protect the power cable.