Industrial, Manufacturing & Heavy Industry Market News

Global wire and cable management market to 2023 illuminated by new report

Industrial Market Research

Leading players in wire and cable management market are Leg and (France), Panduit (US), Obo Bettermann (Germany), Atkore (US), and Eaton (Ireland). The use of cable management solutions in commercial sectors, such as retail, telecom, hospitality, and educational institution, is increasing due to the ease of cable handling, better aesthetics, safety, and functional flexibility.

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Wire and cable management market reached a size of USD 15.82 Billion in 2017; it is projected to reach USD 25.26 Billion by 2023, growing at a CAGR of 8.36%, from 2018 to 2023. Increasing investments in infrastructure development activities, high demand from IT facilities & data centers, & growing urbanization in developing regions of Asia Pacific Middle East and Africa are driving market for wire and cable management.

The report’s target audience includes:

  • Cable manufacturing companies
  • Consulting companies in the power and oil & gas sector
  • Engineering, procurement, and construction contractors
  • Government and research organizations
  • Energy and environmental associations
  • Water Industry Forum
  • State- or government-owned corporations
  • Power distribution companies
  • Insulation raw material suppliers
  • Wire and cable management manufacturing companies

Commercial segment of wire and cable management market expected to grow at a fast pace during the forecast period.

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This can be attributed to rapid growth in the IT sector and urbanization across the world. The use of cable management solutions in commercial sectors, such as retail, telecom, hospitality, and educational institution, is increasing due to the ease of cable handling, better aesthetics, safety, and functional flexibility.

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North America is the second largest market for wire and cable management, followed by Europe and Middle East & Africa. Increasing investment in power sector, aging infrastructure, and growth in construction sector would boost the demand for wire and cable management.

Furthermore, rising investment in data centers is driving the wire and cable management market in North America.

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Report provides a picture of wire and cable management market across cable industry and regions. It aims at estimating market size and future growth potential of market across different segments such as type, stage, end-user, and region.

Report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Click Now for Copy of this Study “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” report @ www.rnrmarketresearch.com/contacts…unt?rname=1393964 .

Wire and Cable Management market has been segmented on the basis of product, cable type, material, end-user, and region, with a focus on industry analysis (industry trends), market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the wire and cable management market, high-growth regions, and market drivers, restraints, and opportunities.

Why Access this Report?

  • The report identifies and addresses key markets for the implementation of wire and cable management products in various industries, which would help manufacturers, review the growth in demand.
  • The report would help solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
  • The report would help key players understand the strategies of their competitors better and will help in making strategic decisions.

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