Feb 20, 2020 (Heraldkeepers) -- Cable Management Accessories Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By type (Cable Lug, Cable Marker, and Heat Shrink Tube), End-User (Telecommunication, Automation and IT, Manufacturing, Utilities, Logistics & Transportation, Construction, and Others) -- Global Forecast till 2023
Global cable management accessories market is expected to grow from USD 1.74 billion in 2017 to USD 2.5 billion by 2023, at a CAGR of 6.53% during the forecast period.
The key players in the cable management accessories market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
The key players in the cable management accessories market are –
Schneider Electric SE (France), Legrand S.A. (France), Thomas & Betts Corporation (Switzerland), TE Connectivity Corporation (Switzerland), HellermannTyton Group PLC (UK), Chatsworth Products, Inc. (US), Cooper Wiring Devices (US), Panduit Corporation (US), Gustav Klauke GmbH (Germany), CableOrganizer.com, LLC. (US), Anixter Inc. (US), Weidmuller Interface GmbH & Co. KG (Germany), Partex Marking Systems USA LLC. (US), and Cembre S.p.A. (Italy).
Key players have adopted product launch, product enhancement, and geographic expansion as their key organic growth strategy. For instance, in 2018, Legrands S.A. launched LCS3 structured cabling system for data center and local networks. Similarly, in November 2018, Legrand India opened their first retail outlet in Kochi which will provide solutions designed throughout the group for the residential, commercial, hospitality and industrial segments.
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Cable manufacturing companies
Consulting companies in the power and oil & gas sector
Engineering, procurement, and construction contractors
Government and research organizations
Energy and environmental associations
Water Industry Forum
State- or government-owned corporations
Power distribution companies
Insulation raw material suppliers
Wire and cable management manufacturing companies
Cable management accessories are devices used to secure cables for electric services in a building or premise. These accessories are used to effectively organise the wiring system while maintaining the required accessibilty to the system. These accessories make the wiring look unmessy and clear of clutter. Rapid growth in the construction sector in developing nations and existing energy grid upgrades and their replacements in matured economies are the key factors driving the demand for cable management accessories across the globe. Furthermore, rise in number of datacenters in asia-pacific also drive the market growth.