The report "Wire and Cable Management
Market by Product (Trays & Ladders, Raceway, Connectors, Ties,
Conduit), Cable Type (Power Cable, Communication Wire & Cable), Material
(Metallic and Non-Metallic), End-User, and Region - Global Trends and Forecasts
to 2023" The global wire and cable management market is expected
to grow at a CAGR of 8.36%, from 2018 to 2023, to reach a market size of USD
25.26 billion by 2023. The increasing demand for easy-to-handle cables and
better aesthetics, continuing investments in infrastructural development, and
rapid industrialization is expected to drive the wire and cable management
market during the forecast period.
Browse 75 Tables
and 39 Figures spread through 135 Pages and in-depth TOC on "Wire and
Cable Management - Global Trends and Forecasts to 2023"
The wire and cable management market is dominated by
major players that are established brand names with wide regional presence,
along with many local and regional players in emerging economies. The leading
players in the wire and cable management industry include Legrand (France),
Atkore (US), Eaton (Ireland), Panduit (US), and Obo Bettermann (Germany).
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The industrial segment is a key segment of the wire and
cable management market, by end-user, from 2018 to 2023. The market for this
segment is driven by increasing investments in power and utilities,
manufacturing, and oil & gas industry in the developing countries of Asia
Pacific and Middle East & Africa. Need to reduce carbon emissions is
leading to the increased demand for cleaner sources of power generation, which
in turn, are causing the rise in demand for wire and cable management products
that would significantly boost the efficiency of heavy-duty systems in wind
turbines and solar power plants.
Power cables market segment is expected to grow at the
fastest rate from 2018 to 2023. This is due to various factors including high
demand for electrification of homes and increased investments in the power
distribution sector. Power cables are widely used in residential, commercial,
and industrial applications. Rising investments in the power generation sector
through clean energy sources, such as solar and wind energy, is expected to
drive the power cable segment of the wire and cable management market.
Cable tray & ladder market segment of the wire and
cable management market, by product, is estimated to grow at the fastest rate
from 2018 to 2023. Factors such as the capability to handle large quantities of
cables, especially in the harsh outdoor industrial sector, are driving the
cable tray market. Low installation cost, flexible wiring system, and safety in
critical end-user applications, such as oil & gas refineries and power
plants, would drive the cable tray & ladder wire and cable management
market.
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The wire and cable
management market has been segmented by region into Asia Pacific, Europe,
North America, Middle East & Africa, and South America. Asia Pacific is
projected to grow at the fastest rate, from 2018 to 2023, followed by North
America and Europe. Countries such as China and India are the largest markets
in Asia Pacific and have increased their investments in the infrastructure and
power sectors in the recent past. China accounted for the maximum share in the
market in Asia Pacific in 2017 and is projected to grow at the highest CAGR of
9.74%, from 2018 to 2023. Growing urbanization, increasing industrialization,
growing construction sector, and increasing investment in renewable power
sources are the major factors impacting the growth of the wire and cable
management market in this region.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
