Global Cable Management System Market By Type, By Application, By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2019-2028

Cable Management System Market Overview:

The market size for global cable management systems was estimated at USD 19.32 billion in 2021. The market is forecast to grow at a compound annual growth rate (CAGR) of 7.9%. A key factor in the growth of the market has been the adoption of cable management systems by both industrial and commercial sectors. They provide safety, aesthetic, and functional flexibility, as well as a better user experience. This market report gives a detailed analysis of the cable management systems market size, share, growth, key trends, major players, and other key factors.

Global Cable Management System Market

Product Analysis

According to product, the market is divided into cable trays, cable trunks, boxes, and connectors as well as distribution boards and cable carriers. Because of its widespread use in manufacturing, healthcare, public infrastructure, and oil & gas, conduits dominated 2021. Many benefits such as EMI protection, high tensile strength, low lifecycle costs, and physical protection for conductors will likely fuel demand for these conduits in the future.

The market has seen rapid growth due to technological advances and changes in government and organization regulations. The U.S. government published IEC SC 23A (Cable Management Systems Standard) to help with the management of information and communications lines. This management involves protection against external influences and retention, containment, as well as support.

End-Use Analysis

According to end use, the market is divided into IT and telecom, energy & utilities, manufacturing, oil & Gas, Healthcare, public infrastructure, residential, commercial, etc. Over the forecast period, the market will grow because of the rising demand for data communications as well as the need for high-performance data cabling within the IT & Telekom industry. The wired telecommunications sector makes up the majority of the industry. This is because it uses management systems when installing cable networks. The market will grow over the forecast period due to the increasing demand for heat shrinks and cable connectors and for power networks, renewable power networks, underground networks, solar plants, and wind turbines. These products are resistant to flames, continuous sunlight, and extreme temperatures.

Material Analysis

According to materials, the market for cable management systems can be divided into non-metallic and metallic. Over the forecast period, there will be an increase in demand for metallic management products because of the increased use of metal cable management products within end-use sectors such as healthcare, oil and gasoline, and manufacturing. They are able to protect instrumentation tubing and hydraulic hoses in corrosive conditions. Due to their high resistance to chemicals and high temperatures, as well as their high tensile strength, the increasing demand for nonmetallic cable management products is expected to drive the segment’s growth over the forecast period. These products are suitable for extreme and harsh conditions in both industrial and commercial settings. They are also resistant to corrosion and ultraviolet rays.

Key Market Segments

Product

• Cable Trays
• Boxes, Connectors, and Distribution Boards
• Cable Trunks
• Cable Conduits
• Others

Material

• Non-metallic
• Metallic

End Use

• IT & Telecom
• Oil & Gas
• Energy & Utilities
• Manufacturing
• Healthcare
• Commercial
• Public Infrastructure
• Residential
• Others

Market Dynamics

The demand for these systems is increasing in the construction, healthcare, IT & telecom, and construction industries due to government regulations and standards like IEC SC 23A and NFPA 70. Communication networks and rapid technological developments have made it possible to get information on the location of system connections, and system capacities, and maintain a database within these devices.

Cable management systems make planning easier by properly maintaining the physical networks. These systems help to improve the data asset life cycle by assigning surplus items. These systems can also manage telecommunication inventory to increase efficiency. They offer high-quality voice, data, and video signals for telecommunication professionals. They are the arrangement of wires used for electric services and communications in a building. Because they maintain a track of cables running through a building, proper cable management systems are crucial in information technology (IT), communications, and power distribution.

Cables are used to provide power to air-conditioners in commercial and residential properties. Due to their enhanced fire performance and resistance, they are commonly used in underground network construction. Due to an increasing population, the sector has seen an increase in construction and infrastructural development. This is also a boost to the market.

Smart-city programs have been announced in a number of developing nations. Smart homes are receiving significant investment. Lighting and entertainment systems can operate in smart houses. In addition, they include features like access control and alarm systems for safety, aesthetics, and power supply protection.

Regional Analysis

Europe and North America are mature markets due to large infrastructure projects. North America held the largest share, with 36.4% of the total market in 2021. The market will continue to grow due to the increased adoption of management systems for keeping track of data and power cables and the need for high-performance data cables in the IT and telecom industry.

In order to encourage the market, government initiatives are being implemented for the time-bound construction and maintenance of high-quality infrastructure in developing nations. Several Asia Pacific countries such as Indonesia are experiencing an increase in commercial and residential projects. This is due to major construction firms like the Jakarta City Administration, PT Jakarta Monorail, and the Indonesia Ministry of Public Works. This is expected to help APAC’s market growth.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

ABB Ltd.’s subsidiary, Thomas & Betts designed a tray combination that was easy to install with tight cable holds during the installation of cables. This design can accommodate all standard sizes. It guides the tray horizontally and vertically, with no rotation. Many key players invest large amounts in research to develop cost-effective, reliable management systems. ABB Ltd. enjoys a significant market share because of its extensive production facilities. The company develops innovative products and distributes them through its global distribution network. This includes countries such as Brazil, Germany, and China.

Key Market Players

Some of the major companies in the cable management systems market.

• ABB Group
• Chatsworth Products Inc.
• Atkore International Holdings Ltd.
• Legrand SA
• Eaton Corporation
• Enduro Composites
• Hellermann Tyton
• Niedax Group
• Sirijaya
• Atkore International Inc.
• Oglaend System Group
• Other Key Players

These are the key companies included in this market.