Cable Management Systems Market To Reach US$ 23.8 Bn By 2022
According to a new market research report published by Credence Research“Cable Management Systems Market (Electrical Conduit Systems, Cable Trays & Ladders, Electrical Raceways, Cable Glands & Connectors, Floor Ducts & Boxes and Others (Reels, Chains, Lugs, Tags etc.)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”the global cable management systems market was valued at US$12,755.2Mn in 2014 and is estimated to expandwith a CAGR of 7.9% from 2015 to 2022.
Browse the full report at https://www.credenceresearch.com/report/cable-management-market
Cable management is among the most important aspects of the construction industry. It includes handling of the entire cabling/wiring system of any building so as to manage the cable connections during as well as post construction. Some of the most significant components of the cable management systems include electrical conduit systems, trays & ladders, electrical raceways, cable glands & connectors, floor ducts & boxes and others. These components are used for cable management across various end-use applications such as residential and commercial construction, industrial construction, public infrastructure, IT & telecommunication sector and others.
The cable management systems market is strongly driven by the ever-rising construction industry worldwide. In addition, the market is also driven by the rising IT & telecommunication industry. Countries such as China, India, Brazil, South Africa and others are among the most promising economies. Due to rapidly growing industrialization across the countries, demand for cable management systems is expected to remain strong throughout the forecast period. Further, rising population coupled with growing energy demand worldwide is another important factor fueling the cable management market growth.
The cable management systems market scenario varies largely across different regions. The market in North America and Europe is consolidated and highly competitive in nature. The regulations related to these systems are quite stringent in these regions making the markets competitive and better organized. The market in North America is governed by few major players such as Atkore International, Inc., Thomas & Betts Corporation, Calpipe, Inc., Legrand SA and others. However, the Asia Pacific region comprises large number of cable management system vendors making the market fragmented in nature. Due to presence of large number of local manufacturers and less stringent regulations on these systems, the market here is quite unorganized.
- Penetration in emerging economies having booming construction industry
- Focus on providing halogen free and green conduit systems suitable for food and healthcare applications
- Providing high performance cable management solutions for harsh industrial environments
- Development of online sales channels due to growing online retail industry
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