(MENAFN- The Express Wire) Cable Management Market 2020: Global Top Countries Industry Size, Impressive CAGR of 10.91%, Share, Future Challenges, Revenue, Demand, Growth and Top Players Analysis
Posted on Jul 23 2020 6:44 AM
"Cable Management market 2020 report provides a detailed evaluation of the market by underlining information on different aspects which include drivers, restraints, opportunities, and threats. This information can help investors to make appropriate decisions before investing.
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Global ' Cable Management Market " 2020 Provides Market Share, CAGR, Production, Consumption, Revenue, Gross Margin, Price And Market Manipulating factors of the Cable Management industry in global regions. This report is comprehensive numerical analyses of the Cable Management business and provides data for making strategies to increase the market growth and success. The Report also estimates the market size, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate for decision making.
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, limitations, opportunities, and threats. This information can help shareholders to make suitable decisions before investing.
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Top Key Manufacturers of Cable Management market:
- Schneider Electric SE
- Legrand SA
- Thomas & Betts Corporation
- Hellermann Tyton
- TE Connectivity Ltd.
- Marco Cable Management
- Chatsworth Products Inc.
- NIEDAX GROUP
- Vantrunk International
- Panduit
- Leviton Manufacturing Co. Inc.
Brief Description about Cable Management market:
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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Research objectives:
- To study and analyse the global Cable Management consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2019, and forecast.
- To understand the structure of Cable Management market by identifying its various sub segments.
- Focuses on the key global Cable Management manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyse the Cable Management with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Cable Management submarkets, with respect to key regions (along with their respective key countries).
- To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the Cable Management market size.
- To strategically profile the key players and comprehensively analyse their growth strategies.
Major Countries play vital role in Cable Management market:
- North America Country (United States, Canada)
- South America
- Asia Country (China, Japan, India, Korea)
- Europe Country (Germany, UK, France, Italy)
- Other Country (Middle East, Africa, GCC)
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Key Reasons to Purchase:
- To gain insightful analyses of the market and have comprehensive understanding of the global Cable Management market trend and its commercial landscape.
- Assess the production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the market and its impact in the global Cable Management market growth.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Cable Management market forecast.
- Besides the standard structure reports, we also provide custom research according to specific requirements.
Detailed TOC of Global Cable Management Market - Segmented by Platform, Purpose, and Geography - Growth, Trends
1.Introduction
1.1 Study Deliverables
1.2 General Study Assumptions
2.Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3.Executive Summary
4.Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter's Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5 Market Dynamics
5.1 Drivers
5.2 Restraints
6.Global Cable Management Market, Segmentation by Purpose
7.Global Cable Management Market, Segmentation by Geography
7.1 North America
7.1.1 United States
7.1.2 Canada
7.1.3 Mexico
7.1.4 Others
7.2 South America
7.2.1 Brazil
7.2.2 Argentina
7.2.3 Others
7.3 Asia-Pacific
7.3.1 China
7.3.2 Japan
7.3.3 India
7.3.4 Others
7.4 Europe
7.4.1 United Kingdom
7.4.2 Germany
7.4.3 France
7.4.4 Others
7.5 Africa and Middle East
7.5.1 UAE
7.5.2 South Africa
7.5.3 Saudi Arabia
7.5.4 Others
Continued...
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