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As the name suggests, it is all about the management of electrical or optical cable in a cabinet. Various product names as cable trays, cable ladders, and cable baskets are being used to support cable routers. Consequently, about cable management market, it says it plays a vital role in electricity and data transmission. Data transmission can be said as of transferring data between two or more digital devices while electricity is a form of energy resulting from the existence of charged particles. The primary use of the cable management market is the insulation and installation of cables in electronic devices or communication systems to avoid inimical situations. Present cable management is being designed as quality-oriented as well as functional. Additionally, various types of products readily used for handling cable bundles are manufactured by using metallic and non-metallic materials to enhance their strength and installation potential.
It has come to under notice, that ongoing development in infrastructure, telecommunication, and the need for repair and maintenance of the existing technology foster the growth of the cable management market. Lucrative opportunities like investments and development in the future are also being offered by the market.
An increase in demand due to technological advancements, commercialization of renewable energy, and widespread of various industrial verticals operate the cable management market growth in this segment. The risk of hindering the cable management market growth can be done through a lack of standardization for price. Lucrative opportunities being offered because of the surge in investment.
In conformity with by type, the cable management market is divided into cable trays, cable raceways, cable glands, conduits, cable connectors and glands, cable carriers, cable lugs, junction boxes, and others. Cable trays segment growth is favored by operational advantages such as they are easy to inspect, while to protect routes and hides cables & wires, cable raceway is being used. Cable gland and cable lugs are all about attachment to the end of an electrical cable and connecting cables.
Whereas conduits and junction box both act as a protector to the cables whether it is conditions of the installations or protecting from accidental electric shocks. They can be functioned to protect and route wiring and come in a range of materials depending on the conditions of the installation. Furthermore, cable connectors & glands act as an electromechanical device to join electrical conductors whereas cable carriers protect automated cables and hoses.
Based on end-user, the global cable management market can be divided into aerospace, manufacturing & automation, marine, IT & telecommunication, mining, healthcare, commercial construction, and others. The telecommunications end-user segment is set to observe significant growth owing to the ability to manage the network’s system capacity information, the location of system connections, maintenance histories, and upgrades, among other uses.
Continuous initiatives by the government to enable healthcare facilities to electronically update their records along with the rising need for advanced IT-enabled clinical documentation, imaging decision support, laboratory, and pharmacy systems is projected to favor the healthcare segment growth. Additionally, the manufacturing & automation segment is also likely to hold a significant position due to the increasing use of partially or completely automated machines and production facilities with the introduction of advanced solutions such as the Internet of Things (IoT).
The development of new information technologies, whether they have to do with photography, telephony, or computers, has almost always raised questions about how privacy can be maintained in the face of the new technology. Today’s advances in computing technology can be seen as no more than a recurrence of this trend or can be seen as different in that new technology, being fundamentally concerned with the gathering and manipulation of information, increases the potential for privacy threats.
The major factor inhibiting the growth of the market is rapid changes in the prices of raw materials such as rubber, aluminum, copper, and plastic, which are mainly required for manufacturing cable management products. The prices of raw materials directly affect the units of the value chain, which includes procurement and operation costs. Nonetheless, volatile raw materials prices are hampering the growth of the global market.
Key Market Driver -
Technological advancements and lower installation costs
Key Market Restraint -
Rapid changes in the prices of raw materials
Key participants that are working in the global cable management market are Eaton, Chatsworth Products, ABB Group, Schneider Electric, Legrand, Atkore International, Leviton Manufacturing Co., Inc, Panduit, Nexans, and Prysmian S.P. Consequently, several key players are investing plenty of amount in research and development activities to develop and offer cost-effective and reliable management systems.
The global cable management market has been analyzed into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market in North America and Europe is maturely owing to high investments made in infrastructure projects. The burgeoning adoption of management systems for maintaining proper track of data and power cables and the need for high-performance data cables in the IT and telecom industry is expected to propel the market. Additionally, initiatives taken by the government for time-bound construction of excellent infrastructure in developing countries are fostering growth, which in succession is working in favor of the market.
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