Cable Management Accessories Market is Estimated to Register a Strong 7.1% CAGR Between 2018 - 2026
The global cable management accessories market
was valued at US$ 1,362.2 Mn in 2017 and is anticipated to register a
stable CAGR of 7.1% during the forecast period, according to a new
report published by Transparency Market Research (TMR) titled ‘Cable Management Accessories Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’
Continued investments in infrastructure, rising global energy demand,
major infrastructure development projects in MENA, recovering
construction sector in developed countries, renewal and upgrade of
existing networks in mature economies, and stringent regulations
regarding cable management have driven the global cable management
accessories market. The market in North America is expanding at the
maximum CAGR of 7.6%, owing to technological innovations and presence of
a large number of market players in the region.
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Increasing use of cable lugs and markers to drive the cable management accessories market
Increasing
penetration of cable lugs and markers is ultimately resulting in high
demand for cable management accessories worldwide. Use of cable lugs is
increasing rapidly, as cable lugs enable safe electric connection
between the wire and the terminal of an equipment. Several regional
standards and regulations have been imposed on cable lugs in order to
ensure safe and long-lasting connections. Additionally, cable lugs have
distinct applications in manufacturing plants. Cable markers are used in
industrial facilities operational under harsh environmental conditions
such as extreme temperatures and abrasion. This boosts the demand for
cable markers across the globe. Cable lugs and markers have witnessed
high adoption, due to continuous installation of a large number of
machines and assembly units followed by extensive channels of wiring
systems. This is expected to continue to augment the demand for cable
management accessories during the forecast period.
Rise in demand for cable management accessories in manufacturing and energy & utility industries to drive market
Based on industry vertical, the cable management accessories market has been segmented into IT & telecom, manufacturing, energy & utility, health care, logistics & transportation, mining, oil & gas, and construction. Manufacturing is anticipated to be the rapidly expanding industry vertical segment during the forecast period, followed by the energy & utility segment. The manufacturing segment is expected to dominate the global market for cable management accessories, expanding at the maximum CAGR of 8.0% throughout the forecast period. This is owing to surging investments in manufacturing plants across the world. The energy & utility segment is anticipated to expand at a significant CAGR during the forecast period, as cable management accessories are increasingly being used across power distribution/generation plants, substations, and in power distribution/transmission equipment and related equipment.
Furthermore, rising adoption of smart homes and increasing requirement for non-residential infrastructure and residential and government infrastructure are propelling the demand for cable management accessories in the construction segment.
To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/cable-management-accessories-market.html
Growing adoption of due to technological advancements in cellular networks in the U.S., China, India, Israel, and South Africa to create lucrative opportunities
Geographically, the global cable management accessories market has been divided into five major geographical regions. These include North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, North America was the leading region of the global market, followed by Europe. Demand for cable management accessories is the maximum in North America, due to growth of the IT & telecom industry in the region. The large number of wire and cable shipments to electric utilities in the region is boosting the cable management accessories market in North America. Furthermore, the U.S. Government has commissioned several studies to explore methods for upgrading the existing infrastructure. The U.S. held a leading share of the North America market in 2017. The market in the country is estimated to expand at the maximum CAGR during the forecast period. The market in Europe is anticipated to expand at a significant CAGR during the forecast period, due to advancements in the field of logistics & transportation across the region. The cable management accessories market in Asia Pacific is expected to expand at the maximum CAGR of 9.1% during the forecast period. Rapid growth of the IT industry in Asia Pacific has also had a significant positive impact on the demand for mechanical cable accessories such as heat shrunk tubes, cable lugs, and cable markers in the region. Apart from this, rapid pace of urbanization in developing economies of Asia Pacific leading to increasing construction of residential and commercial buildings and new power transmission lines is boosting the demand for cable management accessories in the region. Rapid industrialization in developing countries of the region drives the demand for cable management accessories for use in industrial machinery in Asia Pacific.
Schneider Electric SE, Legrand S.A., Thomas & Betts Corporation, and Cooper Wiring Devices likely to continue to lead the global cable management accessories market
The company profiling of key players operating in the global cable management accessories market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years from 2015 to 2017. Key players profiled in the report on the global cable management accessories market are Schneider Electric SE, Legrand S.A., Thomas & Betts Corporation (ABB Ltd), TE Connectivity Corporation, HellermannTyton Group PLC, Chatsworth Products, Inc., Cooper Wiring Devices (Eaton Corporation), Panduit and Corporation, Gustav Klauke GmbH, CableOrganizer.com, LLC., Anixter Inc., Weidmüller Interface GmbH & Co. KG, Partex Marking Systems USA LLC., and Cembre S.p.A. Several players are introducing technologically advanced products and entering into partnerships with other players to meet the continuously surging demand for advanced infrastructure accessories.
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About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
ContactMr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: dm@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/
Interpret a Competitive outlook Analysis Report with PDF Brochure: View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13196
Increasing use of cable lugs and markers to drive the cable management accessories market
Rise in demand for cable management accessories in manufacturing and energy & utility industries to drive market
Based on industry vertical, the cable management accessories market has been segmented into IT & telecom, manufacturing, energy & utility, health care, logistics & transportation, mining, oil & gas, and construction. Manufacturing is anticipated to be the rapidly expanding industry vertical segment during the forecast period, followed by the energy & utility segment. The manufacturing segment is expected to dominate the global market for cable management accessories, expanding at the maximum CAGR of 8.0% throughout the forecast period. This is owing to surging investments in manufacturing plants across the world. The energy & utility segment is anticipated to expand at a significant CAGR during the forecast period, as cable management accessories are increasingly being used across power distribution/generation plants, substations, and in power distribution/transmission equipment and related equipment.
Furthermore, rising adoption of smart homes and increasing requirement for non-residential infrastructure and residential and government infrastructure are propelling the demand for cable management accessories in the construction segment.
To understand geography trends, Download Sample Report at: https://www.transparencymarketresearch.com/cable-management-accessories-market.html
Growing adoption of due to technological advancements in cellular networks in the U.S., China, India, Israel, and South Africa to create lucrative opportunities
Geographically, the global cable management accessories market has been divided into five major geographical regions. These include North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, North America was the leading region of the global market, followed by Europe. Demand for cable management accessories is the maximum in North America, due to growth of the IT & telecom industry in the region. The large number of wire and cable shipments to electric utilities in the region is boosting the cable management accessories market in North America. Furthermore, the U.S. Government has commissioned several studies to explore methods for upgrading the existing infrastructure. The U.S. held a leading share of the North America market in 2017. The market in the country is estimated to expand at the maximum CAGR during the forecast period. The market in Europe is anticipated to expand at a significant CAGR during the forecast period, due to advancements in the field of logistics & transportation across the region. The cable management accessories market in Asia Pacific is expected to expand at the maximum CAGR of 9.1% during the forecast period. Rapid growth of the IT industry in Asia Pacific has also had a significant positive impact on the demand for mechanical cable accessories such as heat shrunk tubes, cable lugs, and cable markers in the region. Apart from this, rapid pace of urbanization in developing economies of Asia Pacific leading to increasing construction of residential and commercial buildings and new power transmission lines is boosting the demand for cable management accessories in the region. Rapid industrialization in developing countries of the region drives the demand for cable management accessories for use in industrial machinery in Asia Pacific.
Schneider Electric SE, Legrand S.A., Thomas & Betts Corporation, and Cooper Wiring Devices likely to continue to lead the global cable management accessories market
The company profiling of key players operating in the global cable management accessories market includes company overview, major business strategies adopted, SWOT analysis, and market revenues for years from 2015 to 2017. Key players profiled in the report on the global cable management accessories market are Schneider Electric SE, Legrand S.A., Thomas & Betts Corporation (ABB Ltd), TE Connectivity Corporation, HellermannTyton Group PLC, Chatsworth Products, Inc., Cooper Wiring Devices (Eaton Corporation), Panduit and Corporation, Gustav Klauke GmbH, CableOrganizer.com, LLC., Anixter Inc., Weidmüller Interface GmbH & Co. KG, Partex Marking Systems USA LLC., and Cembre S.p.A. Several players are introducing technologically advanced products and entering into partnerships with other players to meet the continuously surging demand for advanced infrastructure accessories.
Request a Sample for extensive research insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13196
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
ContactMr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: dm@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/
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