Cable Management System Market – Cable Trays Find High Demand in Oil and Gas Sector

The global market for cable management systems is likely to report a remarkable growth in the coming years. The opportunity that this market holds is expected to expand at CAGR of 9.80% during the period from 2016 to 2024 and rise from US$14.7 bn in 2015 to a value of US$33.9 bn by the end of 2024.

The world is undergoing a period of rapid digitization, thanks to the emergence of fiber-optic and coaxial cables. The rise in wiring and cabling in devices as well as infrastructure is leading to increased incidence of cable spaghetti (a situation where cables are badly entangled), thereby accelerating the need for cable management systems across the world.

Cable Trays Find High Demand in Oil and Gas Sector

Major products available in the worldwide cable management system market are cable tray, raceway, cable ladder, cable trunking, cable connector, cable conduit, cable gland, cable lug and tools, cable chain and reel, and cable duct. Cable trays report the highest demand among all the cable system management products, accounting for a share of approximately 18% in the overall demand and a share of 14% in terms of revenue generated.

The safety features, high-weight-holding capacity, compactness, cost-efficient design criteria, and maintenance-free deployment has increased the popularity of cable trays substantially, leading to their accelerated application in the oil and gas sector. The segment is expected to retain its dominance in the coming years.

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Promising Opportunities to Emerge in Asia Pacific

The worldwide market for cable management systems is spread across Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Presently, the highest consumption of these systems is being reported in North America. In 2015, the region registered an opportunity worth US$4.34 bn in this market, which is likely to increase to US$10.22 bn by the end of 2024.

Although North America will remain the leading regional market for cable management systems, Asia Pacific is projected to offer most attractive opportunities for market players over the next few years. The rapid urbanization in Asia Pacific and the Middle East and Africa is likely to propel construction activities, specifically in BRICS nations, attracting a significant demand for these systems in the near future.

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The presence of a high-capacity network necessitates cable management and protection. The selection of an appropriate cable management system for routing is a major step in enhancing the network performance in the long term. The cable management system should offer the maximum protection and routing capabilities while also enabling fast deployment in current and upcoming network infrastructures. Other factors, such as ease of reengineering, expansion capabilities, and flexibility for future installations, play an acute role in ensuring network profitability. Today, companies offer various systems to protect and route cabling from entrance to termination points. A vast range of cable-management products has been introduced in recent years, providing the user with a greater choice of designs, materials, and installation methods. North America dominates the overall market for cable management systems globally, owing to surging industrialization in this region. Within the market for construction applications in North America, the commercial segment has witnessed large investments toward the construction of commercial structures such as hotels and offices.

This research report provides in-depth analysis of the global cable management systems market on the basis of product, material, and end-use industry. The cable management systems market based on product includes cable tray, cable ladder, raceway, cable trunking, cable conduit, cable connector, cable gland, cable chain & reel, cable lug & tools, cable duct, and others (cable tags and markers). On the basis of material, the market is segmented into metallic and non-metallic. The cable management system end-use industry segments are IT & telecom, manufacturing, energy & utility, health care, logistics & transportation, mining, oil & gas, and construction.

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