Cable Management Accessories Market - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Cable Management Accessories Market

Description:

Read here the latest Market Insights on “Cable Management Accessories Market” published by CMI research team. – PowerPoint PPT presentation

Number of Views:27

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Cable Management Accessories Market


1
Coherent market insightsMarket Research and
Business Consulting Services
https//www.coherentmarketinsights.com/market-insi
ght/cable-management-accessories-market-3588
2
Market Overview
  • Cable management accessories are physical systems
    that help to minimize planning process by
    adequately maintaining documented physical
    networks. These accessories are crucial in the
    majority of industrial applications to avoid
    financial losses and ensure high productivity.
    Company owners, especially from manufacturing
    domain, invest significantly in high-end cable
    management systems to maintain efficient
    electrical services in organizations. By
    reassessing surplus items, cable management
    accessories aid in improving lifecycle of data
    assets of telecommunications. Moreover, these
    systems manage telecommunication inventory to
    provide organizational efficiency. Cable
    management accessories also provide enhanced
    performance, functional flexibility, and safety.
    Moreover, these accessories help to avoid
    business damages. Manufacturers in the market are
    introducing novel accessories with lightweight
    yet durable materials, especially for the
    aerospace industry.

3
  • The Global Cable Management Accessories Market,
    By Product Type (Cable Lung, Cable Marker and
    Heat Shrink Tube), By End User (IT and Telecom,
    Manufacturing, Energy Utility, Health Care,
    Logistics and Transportation (Railways  and
    Other), Mining, Oil Gas, Construction,(Residenti
    al and Commercial)) and by Region (North America,
    Latin America, Europe, APAC and Middle East
    Africa) - Global Forecast to 2027, is expected
    to be valued at US 2889.0 million by 2027,
    exhibiting a CAGR of 7.9 during the forecast
    period (2019-2027), as highlighted in a report
    published by Coherent Market Insights.

4
Market Dynamics- Drivers
  • High demand for energy and constant investments
    in infrastructure are expected to drive growth of
    the global cable management accessories market
    during the forecast period
  • The global infrastructure industry has witnessed
    significant investment in the recent past. Global
    energy infrastructure and public sector
    infrastructures such as railways, roads,
    airports, and communication networks need to be
    expanded and replaced. Increasing electricity
    consumption in emerging economies such as India,
    China, Brazil, and Russia is the major driving
    factor. According to Coherent Market Insights
    analysis, the electricity access percentage in
    2010 for China, India, Brazil, and Russia was
    99.7, 75.0, 98.9, and 100.0 respectively.
    Furthermore, according to the U.S. Energy
    Information Administration, the global energy
    consumption in 2010 stood at around 500
    quadrillion British units and is expected to
    register a CAGR of 2.17 to reach 620 quadrillion
    British units by 2020. Moreover, cable lugs are
    mainly indicated for electricity distribution or
    industrial networks where they can be subjected
    to short-circuit of relatively high intensity and
    long duration. Therefore, these factors are
    expected to drive the market growth over the
    forecast period.

5
  • Renewal and replacement of existing networks in
    mature economies is expected to propel the global
    cable management accessories market growth over
    the forecast period
  • In majority of developed countries, electrical
    grid infrastructure is reaching its end of
    service lifespan, after strong investments that
    were made in the sector in the 1970s. The average
    life span of a transformer ranges from 25 to 30
    years. The aging equipment is not suitable for
    environmental and technical requirements of the
    modern generation. Hence, there is a constant
    demand for efficient and more compatible
    infrastructure, in order to lessen the impact of
    pollution on the environment. Moreover,
    governments in many countries are focused on
    extending the lifespan of transformer to past
    current average of 20 years. However, there is a
    strong requirement to replace pre-existing
    equipment and infrastructure with more suitable
    and efficient units. Hence, the renewal and
    replacement of existing infrastructure are
    expected to boost the global cable management
    accessories market growth in the near future.

6
  • North America region dominated the global cable
    management accessories market in 2019, accounting
    for 30.7 share in terms of value, followed by
    Europe and Asia-Pacific, respectively

7
Market Dynamics- Restraints
  • Price volatility of raw materials is expected to
    hamper the global cable management accessories
    market growth during the forecast period
  • Some of the major materials used in manufacturing
    of cable management accessories are steel,
    copper, aluminum, plastics, and others. In the
    recent past, the prices of some of these
    materials such as plastic and steel have been
    volatile and unpredictable. Such volatility in
    prices makes cable manufacturers continue
    production at optimum prices. These manufacturers
    are reluctant to compromise their profit margins
    below a certain limit, which in turn, increases
    the prices of the end products. Thus, these
    factors are expected to hamper the market growth
    over the forecast period.

8
  • High fragmented market at regional level is
    expected to restrain growth of the global cable
    management accessories market over the forecast
    period
  • The presence of a large number of local players
    in the market poses major threat to major market
    players, as high fragmentation indicates easy
    entry for new market players. Furthermore,
    regulatory policies for manufacturing of these
    products vary with each region and buying pattern
    of the local customers. Therefore, these factors
    are expected to restrain the global cable
    management accessories market growth in the near
    future.

9
Market Opportunities
  • Evolution of non-metallic lug insulators is
    expected to present lucrative growth
    opportunities over the forecast period
  • Since the machine reliability increased
    enormously, cable management has become an
    important aspect within an organization. The
    non-metallic insulators have proven to be a
    significant initiative in the cable lug and
    marker market for enhancing the market growth.
    Moreover, the insulators protect the terminal
    connections from accidental shorts. Various
    material options facilitate manufacturers to
    design accessories suitable for high-temperature
    environments. These lug insulators can be used
    for alternators, starters, generators, and other
    devices

10
  • High demand in aerospace industry can provide
    major business opportunities
  • Manufacturers in the global cable management
    accessories market can leverage new opportunities
    in the aerospace industry. There is a high demand
    for weight-reducing materials in the aerospace
    industry, where manufacturers can focus on
    prodding lightweight cable management accessories
    with customized and precision parts that cater to
    the specific needs of engineers in the industry.

11
  • Infographics Image opportunities in the form of
    infographics

12
Market Trends
  • Traditional cable management system
  • IT industry requires frequent addition/
    removal/movement of data cables throughout the
    period of cable installation. The traditional
    method involves installment of fixed cables
    between cabling cabinets and closets. However,
    this results in entangling of cables or cable
    spaghetti. This, in turn, results in increased
    failures and breakdown in systems. However,
    advent of fiber-optic coaxial cables has led to
    rapid digitization in all fields worldwide. Thus,
    cable lugs and markers are increasingly being
    used in order to cope with rapidly evolving
    technologies.

13
  • Rapid evolution of information technology
  • High growth in information technology sector and
    growing dependence on institutions and businesses
    that utilize high-performance cabling on IT are
    the major factors influencing growth of the
    market. The rapid developments in the
    communication technology indicate very fewer
    signs of slowing down in the near future. As a
    result of this, there is a high demand for
    markers for data/communication applications.
    Thus, cable management accessories manufacturers
    have been developing new products and systems
    that can adapt to these varying demands.

14
Competitive Section
  • Key players operating in the global cable
    management accessories market are Partex Marking
    Systems USA, Cooper Wiring Devices (Eaton
    Corporation), Schneider Electric SE, Chatsworth
    Products, Inc., Legrand SA, Weidmuller Interface
    GmbH Co. KG, Thomas Betts Corporation,
    Anixter Inc., HellermannTyton Group PLC, Panduit
    Corp., TE Connectivity Ltd., Cembre SpA, Klauke
    GmbH, and CableOrganizer.com LLC.

15
Key Developments
  • Major companies in the market are focused on
    business expansion, in order to enhance the
    market presence. For instance, in August 2019,
    Legrand India, a subsidiary of Legrand SA,
    inaugurated its first experience center to
    showcase all Legrand products under one roof in
    Dehradun, India.
  • Key players in the market are focused on
    partnership expansion, in order to enhance the
    market presence. For instance, in January 2017,
    Panduit Corp and General Cable extended their
    partnership to expand PanGen Fiber System
    Solution.

16
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • https//www.coherentmarketinsights.com/market-insi
    ght/cable-management-accessories-market-3588

17
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

18
  • Thank You!
  • Kindly follow CMI Social Media
    Profiles for the latest company updates
  • Face book
  • LinkedIn
  • Twitter
  • https//www.coherentmarketinsights.com/
About PowerShow.com