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Wire and Cable Management Market – Global Industry Analysis 2023

(EnergyIndustry.Net, October 04, 2021 ) According to the new market research 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 wire and cable management market is expected to grow from an estimated USD 16.91 Billion in 2018 to USD 25.26 Billion by 2023, at a CAGR of 8.36%, during the forecast period. The market is set to witness growth due to the rising demand from data center and IT facilities and the growing construction sector.

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Power cable segment is expected to be the largest wire and cable management market, by cable type, in 2018.

The power cable segment is expected to be the largest segment of the wire and cable management market, by cable type, in 2018. Power cables are widely used in the power distribution sector to distribute power, and can be installed overhead as well as underground in the industrial, commercial, and residential sectors. High demand for electrification of homes, increased investment in power distribution, and growth in the household sector in developing countries are the key drivers for the growth of the power cable wire and cable management market.

Conduits & trunking segment is expected to be the second largest wire and cable management market, by product, during the forecast period.

Conduits & trunking are used to protect cables from damage and can be used in almost any location including homes, commercial spaces, and industrial sectors. Rising urban population and need for advanced infrastructure in regions such as Asia Pacific and the Middle East are thrusting the deployment of conduits & trunking system.

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Asia Pacific: Largest wire and cable management market during the forecast period.

In this report, the wire and cable management market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is the largest wire and cable management market, by region, during the forecast period. Rising urbanization and proliferation of electrification, demand from the construction and mining sectors, growing awareness of energy savings, and supportive government plans are expected to drive the market for wire and cable management in this region. China, India, and Japan are the leading countries among others which would contribute to the growth of the wire and cable management market in Asia Pacific.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the wire and cable management market such as Legrand (France), Eaton (Ireland), Hellermann Tyton (England), Atkore (US), Panduit (US), and Obo Bettermann (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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