World cable management market to reach $25.1 billion by 2022
_reg.jpg)
June 13, 2016 - According to a new report published by Allied Market Research titled World Cable Management Market - Opportunities and Forecasts, 2015-2022, the world cable management market is expected to reach $25.1 billion by 2022, with a CAGR of 12.4% from 2016 to 2022. North America is the dominant market and is expected to be the leading contributor in global revenue, owing to the high adoption of cable management solutions in various end user industries in the region. Converged infrastructure and high density servers result in abundance of power, thereby demanding higher adoption of cable management systems for efficient power and energy management. In addition, ongoing developments in commercial constructions and infrastructure in the Asia-Pacific region are likely to facilitate the growth of the market.
Technological advancements, rapid urbanization & industrialization in BRIC economies, and increasing standards of living are few of the reasons for the growth of the cable management market. This market is highly dependent on the raw material prices, which are expected to be steady in the near future.
The cable management market is segmented based on the type, end user, and geography. Among the different types of cable management products, cable conduits constituted the maximum share of global revenue in 2015, owing to their strength, wide range of varieties, and compatibility for oil & gas, paint, and other industries. Cable tray was second largest revenue generating type in 2015 and is estimated to grow at the notable rate of over 11% during the forecast period. The demand for innovative cable tray solutions has increased worldwide because of their adoption in armored, metal-clad, and other cables.
End users demand cable management solutions on account of rising demand for product safety, reliability, and ability to meet relevant standards. In addition, lower installation cost is further fueling the market growth. The end users for cable management products are IT & telecommunication, construction, manufacturing & automation, energy, marine, mining, healthcare, and others. Among all, the commercial construction sector leads by contributing nearly 19% of global revenue in 2015 and is estimated to grow at a rapid rate of over 13% during the forecast period. The key reason for this increasing growth is immense use of cable management solutions in retail stores and rapid urbanization and industrialization happening in BRIC economies, which demands safety and proper management of cables.
KEY FINDINGS OF THE STUDY
- North America was estimated to be the highest revenue-generating region in the cable management market in 2015 owing to high adoption of innovative cable management solutions on account of safety & security, cost-effectiveness, flexibility, and space-saving features
- LAMEA is expected to be the fastest growing region owing to the rising commercial construction developments, industrialization, and increasing standards of living
- Cable conduits dominated the global cable management market by contributing maximum revenue
- Commercial construction sector was the largest contributing end user for cable management market in 2015, and is likely to dominate the market during the analysis period
- Increasing number of well-established players compete in the cable management market to gain maximum market share by adopting strategies such as acquisitions & partnerships, innovative product launches, expansion in new geographic locations, and others. The key players profiled in this report are Cooper Industries (Eaton), Legrand, Prysmian S.p.A., Atkore International Holdings Inc., Leviton Manufacturing Co., Inc., Panduit, Thomas & Betts (ABB group), Chatsworth Products, Inc., Nexans, Schneider Electric SE, and HellermannTyton.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Check out our free e-newsletters
to read more great articles.
- Posted in:
- Industry
- Related Portals:
- Electrical & Control Panels
MORE INDUSTRY NEWS
-
IFR Report: Korea hits record 300,000 industrial robots
Within five years, the country has doubled its number of industrial robots. Following Japan and China, the country ranked third in 2018. But the...
-
Senseye partners with ATS Global to accelerate smart factory strategies
ATS will support Senseye's clients with the design, implementation, or integration of automated machine data systems such as historians or...
-
ARC Advisory Group Report: ABB leads DCS market for 20th consecutive year
According to the report, ABB’s presence in many end-user industries was a major factor in this success. The DCS market saw its main growth in oil...
-
Zigbee Alliance announces IKEA as member of Board of Directors
This decision validates the IKEA’s commitment to universal open IoT standards for its smart home product offerings and complements IKEA’s...
-
NUM announces opening of Indian office
NUM AG has opened a branch in Bangalore in November 2019. With this expansion in Asia, the international company with headquarters in Teufen,...
RELATED
-
Interact Analysis releases The Low Voltage AC Motor Drives Market – 2019 report
The research shows that growth in the intralogistics and materials handling sector has led to increased demand for decentralised and motor mounted...
-
NK Technologies releases Ground Fault Considerations Tech Guide
The Ground Fault Considerations Tech Guide covers a wide range of topics and includes a selection guide, as well as a variety of case studies and...
-
CAS DataLoggers help Mississippi work glove manufacturer enhance productivity monitoring
The Wells-Lamont Industry Group contacted CAS DataLoggers to find a single solution with enough in-puts to monitor every machine on the factory...
-
National Electrical Manufacturers Association (NEMA) releases NEMA CPSP 3-2019 Cyber Hygiene Best...
This paper describes how electroindustry manufacturers and their customers can work together to improve the level of cybersecurity through industry...
-
Valcor releases white paper on surge pressure mitigation devices
This paper presents a trade study that compares four devices: an orifice, a venturi, a flow fuse, and a flow fuse with a dashpot (slow closing).