The global cable management system market size is poised to reach USD 26.48 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 8.2% during the forecast period. Growing demand for cable management systems in the IT & telecommunication industry is projected to augment the market.
Cable
management products help in handling cabling systems in residential and
commercial buildings to manage cable connections during pre-construction as
well as post construction. Numerous components of cable management systems are
used in the construction industry, such as floor ducts & boxes, cable glands
& connectors, electrical raceways, trays & ladders, and electrical
conduit systems. Surging demand for better infrastructure and rapid
industrialization in developing economies are driving the cable management
system market.
Government
initiatives for time-bound creation of excellent infrastructure in developing
countries are boosting the growth of the construction sector, which in turn is
fueling the demand for cable management systems. Using these systems minimize
the risk of cables being disconnected and also protect them from damages caused
due to stretching or harsh environment conditions.
Stringent
legal and regulatory standards have compelled manufacturers to develop durable
and flexible management systems. This is further anticipated to boost the demand
for cable management systems over the forecast period. Growing demand for
metallic cable trays in industrial and commercial applications is estimated to
stoke market growth.
Full Research Report On Cable Management System Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/cable-management-system-market
Cable Management
System Market Report Highlights
- Cable
management systems find applications in the oil & gas industry due to
properties such as ability to perform in harsh environments, reliability,
high insulation, and high resistance to chemicals
- PVC plastic
materials are widely used in the oil & gas industry owing to their
high acid-resistant capability. Heat shrinks insulation cables in case of
fire, due to which they are primarily used in the manufacturing of cable
ducts, cable trays, and cable trunks that are installed in oil & gas
plants
- North America
is expected to dominate the market through 2025, accounting for over 32.0%
of the overall revenue
- Surging
demand for data communication cables for transmission of signals is likely
to escalate the need for cable trays and cable trunks in regions such as
China, Japan, India, and other developing countries
- Key industry
participants include ABB Ltd.; Atkore International Holdings Ltd.;
Chatsworth Products, Inc.; Eaton Corporation; Legrand SA; and Enduro
Composites, Inc.
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Cable Management
System Market Segmentation
Grand View Research has
segmented the global cable management system market on the basis of product,
material, end use, and region:
Cable Management
System Product Outlook (Revenue, USD Million, 2014 - 2025)
- Cable Trays
- Cable Trunks
- Boxes, Connectors, and Distribution Boards
- Cable Conduits
- Others
Cable Management
System Material Outlook (Revenue, USD Million, 2014 - 2025)
- Metallic
- Non-Metallic
Cable Management
System End Use Outlook (Revenue, USD Million, 2014 - 2025)
- IT & Telecom
- Manufacturing
- Energy & Utilities
- Healthcare
- Oil & Gas
- Public Infrastructure
- Commercial
- Residential
- Others
Cable Management
System Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Russia
- Nordic Region
- Asia Pacific
- India
- Australia
- China
- Japan
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- U.A.E.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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