AcuteMarketReports

Cable Management Systems Market Analysis, opportunities Trends And Industry Strategies 2016 - 2023 - Credence Research

Press Release   •   Feb 24, 2017 17:42 IST

According to a new market research report published by Credence Research “Cable Management Systems Market (Electrical Conduit Systems, Cable Trays & Ladders, Electrical Raceways, Cable Glands & Connectors, Floor Ducts & Boxes and Others (Reels, Chains, Lugs, Tags etc.)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”the global cable management systemsmarket was valued at US$12,755.2Mn in 2014 and is estimated to expandwith a CAGR of 7.9% from 2015 to 2022.

Market Insights

Cable management is among the most important aspects of the construction industry. It includes handling of the entire cabling/wiring system of any building so as to manage the cable connections during as well as post construction. Some of the most significant components of the cable management systems include electrical conduit systems, trays & ladders, electrical raceways, cable glands & connectors, floor ducts & boxes and others. These components are used for cable management across various end-use applications such as residential and commercial construction, industrial construction, public infrastructure, IT & telecommunication sector and others.

Browse the full report at http://www.credenceresearch.com/report/cable-management-market

The cable management systems market is strongly driven by the ever-rising construction industry worldwide. In addition, the market is also driven by the rising IT & telecommunication industry. Countries such as China, India, Brazil, South Africa and others are among the most promising economies. Due to rapidly growing industrialization across the countries, demand for cable management systems is expected to remain strong throughout the forecast period. Further, rising population coupled with growing energy demand worldwide is another important factor fueling the cable management market growth.

Competitive Insights:

The cable management systems market scenario varies largely across different regions. The market in North America and Europe is consolidated and highly competitive in nature. The regulations related to these systems are quite stringent in these regions making the markets competitive and better organized. The market in North America is governed by few major players such as Atkore International, Inc., Thomas & Betts Corporation, Calpipe, Inc., Legrand SA and others. However, the Asia Pacific region comprises large number of cable management system vendors making the market fragmented in nature. Due to presence of large number of local manufacturers and less stringent regulations on these systems, the market here is quite unorganized.

Click Here For Same Category Reports: http://www.credenceresearch.com/industry/technology-and-media

Key Trends:

Penetration in emerging economies having booming construction industry

Focus on providing halogen free and green conduit systems suitable for food and healthcare applications

Providing high performance cable management solutions for harsh industrial environments

Development of online sales channels due to growing online retail industry

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Website: http://www.credenceresearch.com