Infrastructural Growth across Developing Regions Augurs Well for Growth of Cable Management Accessories Market

Albany, New York, October 13, 2016: Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new research report to its ever-increasing repository. The research report, titled “Cable Management Accessories Market (Product - Cable Lug, Cable Marker, Heat Shrink Tube; End-use - IT and Telecom, Manufacturing, Energy and Utility, Healthcare, Logistics and Transportation, Mining, Oil and Gas, Construction (Residential, Commercial)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” states that the global market will be fueled by the rapid pace of industrialization in the coming few years. According to Transparency Market Research, the global cable management accessories market is expected to be worth US$2.23 bn by 2024. During the forecast period of 2016 and 2024, the global market is expected to expand at a CAGR of 7.2%.

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The unprecedented rate of infrastructural development is projected to be the primary growth driver for the global market. The has been noticed as an emerging trend in developing regions of Asia Pacific, the Middle East and Africa, and Latin America. Analysts predict that Asia Pacific cable management accessories market will progress at 8.3% CAGR during the forecast period. The strengthening economies in these regions are anticipated to make a significant contribution to the growth of this market. The rising demand for new power generation facilities, spike in the demand for electricity, and an urgent need to upgrade the power transmission lines are propelling the demand for cable management accessories such as cable lugs, cable markers, and heat shrink tubes.

The manufacturing industry is expected to be the predominant user of cable management accessories in the coming years. This application segmented accounted for a total of 17% share in the global market in 2015. The inevitable need for excellent cable networks for the smooth functioning of machines is expected to be the prime reason for increased uptake of cable management accessories in the manufacturing sector. The strict regulations governing the safe and secure deployment of cable networks is also expected to drive the market in the coming years.

Some of the leading players operating in the global cable management accessories market are Panduit Corp., Weidmuller Interface GmbH & Co. KG, Cooper Wiring Devices (Eaton Corporation), Legrand SA, Schneider Electric SE, HellermannTyton Group PLC, Thomas & Betts Corporation (ABB Ltd.), Chatsworth Products, Inc., TE Connectivity Ltd., Gustav Klauke GmbH, Partex Marking Systems USA, CableOrganizer.com, LLC, Anixter Inc., and Cembre S.p.A. The research report profiles these leading companies and offers an in-depth understanding of the competitive landscape present in the global market. Additionally, it also examines the business and marketing strategies and investments plans of these companies for the coming few years.

Browse Full Global Cable Management Accessories Market Report with TOC:http://www.mrrse.com/cable-management-accessories-market

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