DUBLIN--(BUSINESS WIRE)--The "Wire and Cable Management Market by Product (Trays & Ladders, Raceway, Connectors, Ties, Conduit), Cable Type (Power Cable, Communication Wire & Cable), Material (Metallic and Non-Metallic), End-User, and Region - Global Trends and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The wire and cable management market is projected to grow from an estimated USD 16.91 billion in 2018 to USD 25.26 billion by 2023, at a CAGR of 8.36%, from 2018 to 2023.
Increasing investments in the construction sector, infrastructure development, and power generation through renewable sources in emerging economies and the growth of industries, such as utilities and manufacturing, are driving the market for wire and cable management across the world.
The commercial segment of the global wire and cable management market is expected to grow at a fast pace during the forecast period. This can be attributed to the rapid growth in the IT sector and urbanization across the world. The use of cable management solutions in commercial sectors, such as retail, telecom, hospitality, and educational institution, is increasing due to the ease of cable handling, better aesthetics, safety, and functional flexibility.
North America is the second largest market for wire and cable management, followed by Europe and Middle East & Africa. Increasing investment in power sector, aging infrastructure, and growth in construction sector would boost the demand for wire and cable management. Furthermore, rising investment in data centers is driving the wire and cable management market in North America.
The leading players in the wire and cable management market are Legrand (France), Panduit (US), Obo Bettermann (Germany), Atkore (US), and Eaton (Ireland).
- Need for Better Aesthetics, Safety and, Functional Flexibility
- Demand From Data Centers and IT Facilities
- Rapid Growth in the Construction Sector
- Volatile Prices of Raw Materials
- Infrastructure and Technology Spending in Asia Pacific & Middle East & Africa Regions
- Increasing Demand From Renewable Power Generation Sector
- High Market Fragmentation: Large Unorganized Sector
- Lack of Uniform Standards & Interoperability
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Wire and Cable Management Market, by Product
7 Wire and Cable Management Market, by Cable Type
8 Wire and Cable Management Market, by Material
9 Wire and Cable Management Market, by End-User
10 Wire and Cable Management Market, by Region
11 Competitive Landscape
12 Company Profiles
- Legrand Sa
- OBO Bettermann
- Schneider Electric
- Hellermann Tyton
- Niedax Group
- Thomas and Betts
For more information about this report visit https://www.researchandmarkets.com/research/8qxsrg/global_wire_and?w=4