The global wire and cable management market is expected to grow at a significant CAGR during the forecast period (2021-2027). The market is being driven by rising infrastructure development investments, increased demand from IT facilities and data centers, and rapid urbanization in the Asia Pacific, and the Middle East, and African countries. The industry is highly competitive and fragmented owing to the availability of some key competitors such as Thomas & Betts Corporation (ABB Group), Schneider Electric SE, Cooper Industries (Eaton), Chatsworth Products Inc., HellermannTyton, and others. These leading manufacturers have discovered potential markets in developing countries and have begun to expand their operations. In December 2020, ABB and AFC Energy, located in Cranleigh, Surrey, UK, formed a strategic agreement to develop the next generation of high-power, sustainable electric vehicle (EV) charging solutions for grid-constrained areas.
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The cable management system would also support keeping charging station wires clean and orderly, and charging stations are expected to use such cable management solutions. Chatsworth Products Inc. (CPI) added to the ZetaFrame Cabinet in February 2021, which offers multiple customization options and includes the benefits of an enhanced Cable Management System with all cable management accessories factory-installed, allowing it to be used independently or in combination. During the COVID-19 crisis in December 2020, Eaton develops and expedites essential power management equipment under rigorous security protocols. By 2035, renewable energy will account for half of the global power generation, and Eaton, a power management business, is assisting the State Grid Corporation of China (SGCC) in adding additional renewables to its grid. In the installation of renewable energy grid systems, cable management would be critical.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Product
o By End-User
- Competitive Landscape: Thomas & Betts Corp. (ABB group), and Schneider Electric SE, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wire and Cable Management Market Report Segmentation
By Product
• Cable Trays
• Cable Raceways
• Cable Conduits
• Cable Connectors and Glands
• Cable Carriers
• Cable Lugs
• Junction/Distribution Boxes
By End-User
• Residential
• Commercial
• Industrial
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
