The cable reels are drum-shaped and round objects and look like spools. These are used to carry electrical wires. In general, cable reels, which are also called drums, have been used to transport fiber optics, electrical cables, and other wire products. The experts have forecasted that the global motor-powered cable reels market will grow at an impressive compound annual growth rate during the forecast period. It is expected that the increasing cases of factory automation will create a lot of growth opportunities for this market.
Industrial cable reels are used for the purpose of removal, winding, or storage of conducting cables. Electric cable reels are used for winding power. Talking more about industrial reels, they come in as simple storage devices. The most advanced styles are automatic storage devices. Besides, they come with live connection feature, which let the users to use items, for example, an electrical cable while on the rolls. The growing industrial sector across the world is expected to impact the global motor-powered cable reels market positively.
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The technological development has brought a tremendous improvement in the field of cable reels. The latest technology, for example, VFD- Variable Frequency Drive technology, brings motorized reels. These industrial cable reels are perfect for maximum-speed, longer length and for different applications. Some of the key players have started launching spring-based, and electrical motorize reels for various industrial applications. Features like improved quality, minimal human intervention, low labor costs, etc. have made such reels popular in the market, which, in turn, will drive the growth of this market.
Top Key Players
Delachaux (Conductix-Wampfler)
Wabtec (Stemmann-Technik)
Coxreels
Emerson
United Equipment Accessories
Hartmann & Konig
Cavotec
Hubbell
Demac
Reelcraft
Paul Vahle
MHE-Demag
Hinar Electric
Global Motor Powered Cable Reels Market Segmentation
Segment by Type
Standard Cable Reels
Custom Cable Reels
Segment by Application
Industrial
Commercial
Residential
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Regional Analysis
Based on regions, the global motor-powered cable reels market is segmented into the Middle East and Africa, Asia Pacific, North America, Latin America, and Europe. Furthermore, under this market study, the market condition, growth, opportunities, etc. of different countries’ markets also have analysed to come up with a better prediction. It includes China, Southeast Asia, Japan, Korea, the US, the United Kingdom, India, Canada, Mexico, Russia, Italy, France, Germany, GCC Countries, Brazil, Egypt, and others. Among all these regions, the Asia Pacific is projected to witness maximum growth in this market. The booming industrial sector in different Asian countries, such as India, China, and Japan are expected to support the growth of this regional market.
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