Press release
Global Cable Management System Market Revenue is anticipated to Reach US$ 33.94 Bn by 2024
TMR has released a new market report entitled “Global Cable Management System Market (By Product – Cable Tray, Cable Ladder, Raceway, Cable Trunking, Cable Conduit, Cable Connector, Cable Gland, Cable Chain & Reel, Cable Lug & Tools, Cable Duct and Others (Cable Tags and Markers); By Material – Metallic and Non-Metallic; By End-use Industry – IT & Telecom, Manufacturing, Energy & Utility, Health Care, Logistics & Transportation, Mining, Oil & Gas and Construction) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 – 2024.” According to this report, the global cable management system market’s revenue stood at US$ 14.73 Bn in 2015 and is expected to reach US$ 33.94 Bn by 2024, at a CAGR of 9.8% from 2016 to 2024.Download PDF Brochure for more Professional and Technical insights:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2147
Factors such as the growth of the construction industry in BRICS economies, continued investments in infrastructure, growing global energy demand, major infrastructure development projects in MENA region, the renewal and upgrade of existing networks in mature economies and accelerating bandwidth requirements are the major drivers of the growth of the cable management system market. On the other hand, volatility in raw material prices and high market fragmentation at regional levels restrict the growth of the global cable management system market.
The market cable management system market is segmented into five geographical regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the largest market share in 2015, of more than one-third of the total market based on revenue. Due to the increasing rate of industrialization, the market for cable management systems has significantly grown in this region. Stringent regulations on cable installations in North America in both commercial and residential sectors in order to prevent any hazardous outcome, have also augmented the adoption of cable management systems in this region. The total cable management system growth from 2014 to 2015 was US$ 1.23 Bn, wherein the share of North America alone was 30.5%. Asia Pacific is anticipated to be the fastest-growing region in the cable management system market globally due to its high urbanization and population growth rate. Significant growth in the infrastructure and construction sectors across countries in Asia Pacific, such as China, India, Japan, South Korea, and Australia, is expected to propel the cable management systems market in the region.
Research Report with ToC and Free Analysis:
http://www.transparencymarketresearch.com/cable-mangement-system-market.html
The global market for cable management system market has been segmented as follows.
Cable Management System Market: By Product
Cable Tray
Cable Ladder
Raceway
Cable Trunking
Cable Conduit
Cable Connector
Cable Gland
Cable Chain and Reel
Cable Lug and Tools
Cable Duct
Others (Cable Tags and Route Markers)
Cable Management System Market: By Material
Metallic
Non-Metallic
Cable Management System Market: By End-use Industry
IT and Telecom
Manufacturing
Energy and Utility
Healthcare
Logistics and Transportation
Mining
Oil and Gas
Construction
Residential
Commercial
Cable Management System Market: By Region
North America
The U.S.
Rest of North America
Europe
EU7
CIS
Rest of Europe
Asia Pacific
Japan
China
South Asia
Australasia
Rest of APAC
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Rest of Latin America
TMR is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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