Global “Cable Management Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Cable Management in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Cable Management Market report categorizes the market based on manufacturers, regions, type and application. Cable Management Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Cable Management Market report categorizes the market based on manufacturers, regions, type, and application. Cable Management Market reports offer a detailed assessment of the Cable Management including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Cable Management Market:-
- Schneider Electric SE
- Legrand SA
- Thomas & Betts Corporation
- Hellermann Tyton
- TE Connectivity Ltd.
- Marco Cable Management
- Chatsworth Products
- NIEDAX GROUP
- Vantrunk International
- Leviton Manufacturing Co. Inc.
The Global Cable Management market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The cable management market was valued at USD 16.19 billion in 2017, and is expected to reach a value of USD 30.81 billion by 2023 at a CAGR of 10.91 %, over the forecast period (2018 – 2023). The regions considered under the scope of the report include North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Cable management involves management installation of cable-securing equipment for cables used in various verticals, including IT, power and communications. The increasing demand for network and facilities and the volume of cables being installed have grown drastically. The deployment of high-capacity networks have resulted in complicated cable installations across many verticals. Thus, the need for proper management systems has become important. This growing need for cable management systems has pushed companies to offer different kinds of solutions, thus driving the overall market. With the growing investments in various sectors, organizations are now focusing on renovating and upgrading existing infrastructure, to build better support for operations. Thus, the installations of cables have grown in the past few years.
Moreover, with the demand for high-speed connectivity growing in the IT and telecom industry, companies are focusing on providing reliable services. The deployment of new cables to support communication services is resulting in the demand for cable management solutions. However, fluctuating requirements in the electrical and utility industries are challenging the market growth. Also, competition from local players in developing nations is disrupting the growth in these regions, thus affecting the overall growth of the market.
Upgradation and Renewal of Existing Networks in Developed Economies will Drive the Market Growth
Many electrical and communication networks in developed countries are growing with time, and with innovations in technology, there has been a huge rise in demand for such networks. In addition, the increase in population and heavy usage of electrical devices have led to the increase in demand for power and other communication services. Cisco estimates that the current network traffic will grow threefold by the end of the decade. The current infrastructure supporting these services is outdated and needs to be upgraded, in order to handle the increasing demand and support new technologies that are being employed. As the systems are being upgraded, the demand for equipment and parts that support the infrastructure has also increased, and cable management systems are among the essential parts used in any network. Developed nations, such as the United States , the United Kingdom, and other European countries, are investing heavily in upgrading the existing systems to improve efficiency and provide reliable service.
High Demand for Better Infrastructure will provide Opportunities for Cable Management Systems
Infrastructure development and access to basic utilities remain the core area of concern in the world. In order to address the substantial infrastructure gap, local governments have undertaken several large-scale development projects to accommodate the needs of growing population. For instance, the Indian government has been making concerted attempts to ensure that all villages have access to electricity by 2017. Also, a recent study revealed that more than USD 8 trillion is expected to be spent on infrastructure projects in Asia-Pacific, over the coming decade, and more than two-thirds of expenditure on infrastructure development in Asia will be on energy and transport projects. This includes construction of mass transit systems and power generation projects, which are expected to aid the local population. The development of smart cities in India and China is also expected to contribute to the growing demand for cable accessories, such as cable lugs and tools. 100,000 barrels a day and pledge to provide crude oil to Indonesia: this is likely to boost the hazardous location motors market in the petroleum refining industry.
North America Accounted for the Largest Share in the Market
The age-old electric grid infrastructure, built after the Second World War, has been successful in meeting the growing energy demand in North America, particularly in the United States. However, recent studies have revealed that infrastructure is reaching the end of its operational lifespan. The US government has commissioned several studies to explore methods for upgrading the existing infrastructure, to comply with contemporary requirements. It has become imperative for the energy board to divert its focus on renewable sources of energy, to account for the steady rise in demand for energy, across the country. In the last decade, the demand for electricity in the United States has grown by more than 10%, partly due to the increased volume of home appliance systems, such as air conditioners and heaters. Moreover, the growing incidence of floods and storms in coastal areas have put the existing infrastructure under duress. A recent study by an energy consultancy in the United States revealed that around USD 2 trillion need to be spent on energy infrastructure, to upgrade the system to comply with European standards. The US Environmental Protection Agency and ARPA have taken cognizance of the growing need for upgrading energy infrastructure, to meet renewable energy targets. This is driving the deployment of new cables in the industry, thus creating a need for cable management equipment in the region. Some of the initiatives introduced by the US government include: smart wires and green electricity network integration programs, which focus on the use of advanced systems for modernizing the existing infrastructure. In the last three years, more than 15 projects have been undertaken by ARPA to revamp the power distribution systems on a war footing. Local agencies have also been partnering with the government to expedite the upgradation process. The Canada Electricity Association revealed that the existing infrastructure will not be able to meet the growing need for electricity, unless drastic changes are made on an immediate basis. Although Canada has been a net exporter of electricity, it remains largely dependent on non-renewable sources of energy. The government has announced several projects for renewal and up-gradation of energy grid infrastructure, which are expected to drive the demand for cable glands and lugs. Overall, the refurbishment of existing grid infrastructure, coupled with new energy projects, are expected to contribute to the growth of the North American cable management market.
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The global Cable Management market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Cable Management Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Cable Management Market:
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This Cable Management Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Cable Management? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Cable Management Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Cable Management Market? What Was Capacity, Production Value, Cost and PROFIT of Cable Management Market?
- What Is Current Market Status of Cable Management Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Cable Management Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Cable Management Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Cable Management Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Cable Management Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Cable Management Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Cable Management Industry?
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Finally, the report Global Cable Management Market 2020 describes the Cable Management industry expansion game plan, the Cable Management industry knowledge supply, appendix, analysis findings, and the conclusion.
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