Press release
Cord and Cable Reels Market Top Players Shaping Industry Schneider Electric SE, United Equipment Accessories, Eaton Corporation, Emerson Electric Co., Legrand North America, LLC., TE Connectivity
Cord and Cable Reel
A cord and cable reel is a product used to carry various types of electrical wires. Cable reels are drum shaped and are in wood, plastic, plywood, or steel. Cable reels are suitable for use in residential, commercial, and industrial applications. Cable and cord reels keep hoses and cables organized and off the ground for safer, more efficient worksite or plant environment.
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Factors Driving Growth of the Global Cord and Cable Reels Market:
Increasing demand for cord and cable reels in various industrial and commercial applications is fuelling growth of the cord and cable reels market. Rising awareness regarding safety in commercial environment is one of the key factors aiding in growth of cord and cable reels. Cable reels are used in fire safety equipment and trucks. Electric cable reels are used to keep fire apparatus batteries charged.
Moreover, cord and cable reels are widely used in various industrial applications such as food and beverages, wastewater treatment, and power distribution, etc. Such diverse applications of cord and cable reels in commercial and industrial sectors is driving the market growth.
Furthermore, the National Electrical Manufacturers Association (NEMA) in U.S., the electrical safety committee, established certain standards under NEMA-3 and NEMA-4, which mandates the adoption of cable reels in industrial applications. These factors are expected to drive demand for cord and cable reels in the industrial sector over the forecast period.
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Global Cord and Cable Reels Market: Regional Insights:
Asia Pacific is expected to be the dominant region in the global cord and cable reels market over the forecast period, exhibiting a CAGR of 6.2% from 2019 to 2027. The growth of this region is attributed to increasing demand from industrial applications in countries such as China and India.
Global Cord and Cable Reels Market Keyplayers:
Prominent players in the market include Schneider Electric SE, United Equipment Accessories, Eaton Corporation, Emerson Electric Co., Legrand North America, LLC., TE Connectivity, Cavotec SA, Reelcraft Industries, Delachaux Group (Conductix-Wampfler), DEMAC, Hubbell, SCAME PARRE S.p.A., Nederman Holding AB, and Others.
Global Cord and Cable Reels Market: Taxonomy
Global Cord and Cable Reels Market by Type:
o Spring Loaded Cord and Cable Reels
o Motorized Cord and Cable Reels
o Manual Cord and Cable Reel
Global Cord and Cable Reels Market by Application:
o Residential
o Commercial
o Industrial
Global Cord and Cable Reels Market by Region:
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
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