Press release
How FRP Cable Tray Market 2021 is Booming Worldwide with Top Leading Players – Øglænd System Group, Aeron Composite Private Limited, Legrand, Sintex Plastics Technology Limited
The global FRP cable tray market size is expected to reach USD 445.63 million by 2027, exhibiting a CAGR of 7.7% during the forecast period. The increasing application of Fibre-reinforced plastic (FRP) products in sea structures with endurance and non-corrosive abilities will create new opportunities for the market, states Fortune Business Insights in a report, titled “FRP Cable Tray Market Analysis, Size & COVID-19 Impact Analysis, By Type (Ladder, Channel, and Others), By End User (Chemicals, Oil & Gas, Power, Construction, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 253.48 million in 2019.Read More: https://www.fortunebusinessinsights.com/frp-cable-tray-market-103593
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Comprehensive analysis of the Medical Lighting Technologies Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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List of Key Players for FRP Cable Tray Market
Øglænd System Group (Norway)
Aeron Composite Private Limited (India)
Legrand (France)
Sintex Plastics Technology Limited (India)
Schneider Electric (France)
FiberTech Composite Pvt. Ltd. (India)
Ercon Composites (India)
Eaton Corporation (Ireland)
MP Husky Cable Tray & Cable Bus (U.S.)
Sai Industries (India)
Atkore International (U.S.)
Sonal Group (India)
Market Driver:
Ever-increasing Energy Demand to Spur Sales Opportunities
The surging power demand around the world is expected to have an excellent impact on the FRP cable tray market. The growing development of new generation, distribution, and transmission networks will bolster the healthy growth of the market. The rising inclination towards green technologies such as hydro, wind, and solar will facilitate the adoption of FRP products. For instance, in September 2020, the U.S. Energy Information Administration (EIA) estimated that the global energy consumption will escalate by 50% by 2050 with the total intake in residential and commercial buildings rising from 91 quadrillion British thermal units (Btu) to 139 Btu. Besides, the flourishing oil & gas industry is expected to uplift the market in the forthcoming years.
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Some of the Key Questions Answered in this Report:
• Detailed Overview of FRP cable tray market will help deliver clients and businesses making strategies.
• Influencing factors that are thriving demand and latest trends running in the market.
• Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
• What trends, challenges and barriers will impact the development and sizing of the Global FRP cable tray market?
• SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
• What is the Market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the FRP cable tray market demand?
Regional Analysis:
Development of Chemical Plants to Augment Growth in Asia Pacific
The market size in Asia Pacific is expected to lead the global market during the forecast period owing to the rapid urbanization and industrialization. The growing government support for the establishment of chemical infrastructures and plants will further aid the expansion of the market. The inflated demand for hydrocarbons is expected to spur opportunities for the market in the region. Europe is expected to witness a rapid growth rate owing to rising proclivity towards clean power generation. The high production of hydrocarbon in offshore locations such as the North Sea is likely to boost the market in the region. Moreover, the growing construction of residential and commercial buildings will further promote the market in Europe. The imposition of strict guidelines by the European Union to enhance production will elevate the market in Europe.
Have Queries? Speak to Our Analyst at https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/103593
Highlights of the Report:
• Market Penetration: Comprehensive information on the product portfolios of the top players in the FRP Cable Tray Market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the FRP Cable Tray Market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the FRP Cable Tray Market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the FRP Cable Tray Market
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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