Developing Commercial Constructions Makes Asia-Pacific As Fastest Growing Cable Management Market.
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Cable Management Market deals with deals with the developing and manufacture of installation equipment to secure cables for electric and other services in a building. Products such as cable trays, cable ladders, and cable baskets are used to support the cabling management.
It also deals with maintenance of the cable system.
IT cable management is the most important field in Cable Management Market.
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A network cable manager plays a major role in selecting the appropriate cables which enhance the long-term performance of the network. The network cable organizer also maintains the cables in tidy way to avoid hazards caused by the electricity.
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Scope & Regional Forecast of the Cable Management Market
Advancements in technology like data centers in IT, high-speed connectivity in telecommunication and heat-resistant and temperature resistant solutions in aerospace and automobile industries help the cable management market to grow lucratively. Rapid urbanization and changing standards of living drive to growth of home cable management.
High adoption of cable management solutions in various end user industries makes North America as the dominant of Cable Management Market and is expected to be the leading contributor in global revenue. 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.
Ongoing developments in commercial constructions and infrastructure in the Asia-Pacific region are likely to facilitate the growth of the market.
The uncertainty of raw material prices has a negative impact on cable management products. Fluctuating prices of raw materials like plastic, rubber, copper, and aluminum hinder the growth of Cable Management Market.
But, demand for easy cable management in fields like IT & telecommunication, construction, manufacturing & automation, energy, marine, mining, healthcare, and others offer significant market growth in the near future.
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Segmentations & Key Players Involved in the Cable Management Market
The Cable Management Market can be broken down into various segmentations on the basis of –
- Type: Cable Trays, Cable Raceways, Cable Conduits, Cable Connectors & Glands, Cable Carriers, Cable Lugs, Cable Junction Box, Others (Trunking Systems, Sleevings, Reels, and Chains)
- End-User Industry: IT & Telecommunication, Commercial Construction, Energy, Manufacturing & Automation, Marine, Mining, Healthcare, Others (Transportation and Government)
- Geographical Location: North America, Europe, Asia-Pacific, LAMEA
Some of the key players involved in the Cable Management Market are as follows:
- Cooper Industries (Eaton)
- Prysmian S.p.A.
- Atkore International Holdings Inc.
- Leviton Manufacturing Co.
- Thomas & Betts (ABB group)
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