Press release
What's driving the Cable Tray Market Growth? Prominent Players: ABB, Schneider Electricc, Eaton, Hubbell Incorporated, MP Husky Cable Tray & Cable Bus, Atkore International, Chalfant Manufacturing Co.- OBO Bettermann Group , Legrand, Basor Electric SA, Mo
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The rising global population has led to a subsequent increase in the demand for basic necessities. As a result, industries and manufacturing units are being set up across the world. The growing industrialization, combined with the increasing number of IT and communication centres and corporate offices, will set the platform for a widespread adoption for cable tray market across the world.
Cable tray allows safe transportation of wires that are used to transmit electricity. Besides power transmission, cable trays can be helpful in cases of overvoltage and overcurrent. Cable trays will help minimize the exposure to open wires, thereby reducing risks and injuries associated with open wire contacts.
Such exceptional properties of cable trays will lead to a rising adoption for the product across the world, which in turn will favor the growth of the global cable trays market in the coming years.
The report provides an in-depth analysis of the global cable trays market with regard to aspects such as leading companies, growth drivers, and leading product types.
Additionally, the report provides a detailed study of the market by classifying it into various regions.
The report highlights a few of the leading business strategies adopted by the companies operating in the global market and states the impact of these strategies on the growth of the market.
Some of the leading companies that are operating in the global cable trays market are:
ABB
Schneider Electric
Eaton
Hubbell Incorporated
MP Husky Cable Tray & Cable Bus
Atkore International
Chalfant Manufacturing Co.- OBO Bettermann Group
Legrand
Basor Electric SA
MonoSystems
Snake Tray
WIREMAID USA
Øglænd System Group
WBT - PERFORMANCE CABLETRAY
Techline Mfg.
Chatsworth Products
Panduit
Niedax Group
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Segmentation
By Type
Ladder
Swaged Ladder
Welded Ladder
Solid Bottom
Trough
Channel
Wire Mesh
Single Rail
By End-User
Power
Construction
Manufacturing
IT & Telecom
Others
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)
Asia Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
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