The global cable management system market size is estimated to be USD 26.48 billion by the end of 2025, as per a recent study by Million Insights. The market is estimated to expand at 8.2% CAGR over the forecast duration, 2018 to 2025. Rising cable management system demand in a telecommunication system is estimated to proliferate the market growth.
Cable management systems help in managing cabling system across commercial and residential buildings during pre and post-construction. Various components of these systems are used for cable glands and connectors, trays and ladders, ducts and boxes in the construction industry. Increasing demand for excellent infrastructure and industrialization across emerging countries are fueling the growth of the cable management systems market.
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Government across the globe are emphasizing on infrastructure development that led to a rise in the growth of the construction sector. Growing construction sectors is positively affecting market growth. Cable management system reduces the risk of the cable getting disconnected and save them from any damages that may be caused due to the harsh environment.
Stringent regulation regarding cable manufacturing has resulted in manufacturers producing flexible and durable cable system. Further, increasing demand for metal-made cable trays in the both commercial and industrial segment is likely to propel the market growth.
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Further key findings from the report suggest:
• Cable management systems are being used in the oil and gas industry owing to their ability to withstand against harsh environment, high resistance and high insulation.
• Owing to high acidic-resistant ability, PVC is extensively used in the oil and gas industry.
• North America is projected to account for more than 32.0% market share by 2025.
• Leading market players include Chatsworth Products, Inc.; Legrand SA, Enduro Composites, Inc., and ABB Ltd among others.
Million Insights has segmented the global cable management system market on the basis of product, material, end use, and region:
Cable Management System Product Outlook (Revenue, USD Million, 2014 – 2025)
• Cable Trays
• Cable Trunks
• Boxes, Connectors, and Distribution Boards
• Cable Conduits
Cable Management System Material Outlook (Revenue, USD Million, 2014 – 2025)
Cable Management System End Use Outlook (Revenue, USD Million, 2014 – 2025)
• IT & Telecom
• Energy & Utilities
• Oil & Gas
• Public Infrastructure
Cable Management System Regional Outlook (Revenue, USD Million, 2014 – 2025)
• North America
• Nordic Region
• Asia Pacific
• Latin America
• Middle East & Africa
• Saudi Arabia
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