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Traveling Cables Market By Top Key Players- Sumitomo Electric, Siemens, ST Cable, and MKS Kablo
Traveling Cables Market: Overview
Traveling cables can be defined as cables capable of withstanding mechanical and tensile stresses such as bending, torsion, and abrasion during operations. They are heavy duty power and control cables used in civil construction and industrial machines. They are commonly used in elevators. They are also employed for power transmission to the elevator car and communication between the elevator car and the controller. The generally accepted lifespan of these cables is 20 years or 3,000,000 flex cycles. Traveling cables are available in a wide range of lengths, diameters, colors, and weights, as per project requirements. Manufacturing companies can also obtain certifications from bodies such as Underwriters Laboratories (UL), Canadian Standards Association (CSA), Verband der Elektrotechnik (VDE), and TÜV SÜD.
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Traveling Cables Market: Market Demand
Traveling cables are available in different types. The primary types include flat and round. The decision to use flat or round traveling cable depends upon several factors such as cost-effectiveness and application. Flat cables have the tendency to form smaller loops compared to round cables. Hence, flat cables are used where loop clearance is minimal. The proper number of conductors can be achieved through a single round cable in a cost-effective manner instead of employing multiple flat cables. Additionally, round cables require smaller surface area. Traveling cables can be manufactured according to special specifications such as shielded, flame retardant, and capable of handling medium voltage. Taking into consideration environmental concerns, ‘low smoke zero halogen (LSZH)’ traveling cables have also been developed. Traveling cables are also available with different number of cores, ranging from single core to four cores. The number of cores affect the thickness of insulation of the traveling cable.
Traveling Cables Market: Key Segments
Traveling cables are used in a wide range of equipment such as elevators, hoisting equipment, gantry crane, tunneling machines, and submersible pumps. The basic purpose of using traveling cable in these equipment essentially remains the same, i.e. to help move parts for different purposes in different directions as per requirement. Traveling cables can be used in various types of locations ranging from residential and commercial buildings, ports, underwater, to infrastructure construction. Traveling cables can be used in various ways. For instance, these cables can be used as horizontal reeling, vertical reeling, free-hanging, bucket drop, and coil.
Traveling Cables Market: Regional Outlook
In terms of region, the global traveling cables market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Historical markets for traveling cables have been North America and Europe. These regions have a large number of high-rise buildings, which generate high demand for traveling cables for elevators. Furthermore, the construction process of these buildings and other infrastructure has boosted the demand for traveling cables. In terms of demand, the construction industry is also anticipated to account for major share of the traveling cables market in Asia Pacific, Latin America, and Middle East & Africa.
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Traveling Cables Market: Key Players
The global traveling cables market consists of many local and regional companies that have limited reach and product portfolio. Key players operating in the market include Sumitomo Electric, Siemens, ST Cable, and MKS Kablo.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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