Global Cable Management System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cable Management System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cable management systems refer to arrangement of wires that are used for electrical services and communication service. Cable management systems play a significant role in information technology (IT), communications, and power distribution as they help maintain a proper track of cables running in a building structure.

Market Overview:

The latest research study on the global Cable Management System market finds that the global Cable Management System market reached a value of USD 11572.2 million in 2022. It’s expected that the market will achieve USD 15953.05 million by 2028, exhibiting a CAGR of 5.5% during the forecast period.

Speed up data center construction

Cloud computing is centered on the Internet, providing users with safe, fast and convenient data storage and network computing services. Due to the deepening of informatization construction and the development of mobile Internet, the IT infrastructure of enterprises is becoming larger and more complex. Building a cloud computing data center has become an inevitable choice for enterprises to improve the flexibility and efficiency of IT infrastructure. With the vigorous development of the data center industry in the world, the development and construction of data centers will be in a high-speed period, coupled with the rapid development of emerging industries, bringing more advantages to the development of the data center industry. The three most important factors driving data center construction in the next 3-5 years include cloud computing, AI and 5G. Cloud computing has gradually become the dominant force. In the era of cloud computing, open computing projects led by Internet companies will redefine data centers, and the IT and Telecom industries will show a long-term boom. With the development of industries such as cloud computing, smart computing, and big data, the number of global data centers continues to increase, and the IT and Telecom market continues to grow, and the demand for Cable Management System will also increase significantly.

Development of the global electricity market

With the continuous development of the economy, the global electricity market is also growing year by year. According to World Energy Outlook 2022，global electricity demand rises by 5 900 terawatt-hours (TWh) in the Stated Policies Scenario (STEPS) and over 7 000 TWh in the Announced Pledges Scenario (APS) by 2030, equivalent to adding the current level of demand in the United States and the European Union. In advanced economies, transport is the largest contributor to increased electricity demand as the market share of electric cars rises from about 8% in 2021 to 32% in the STEPS and almost 50% in the APS by 2030. In emerging market and developing economies, population growth and rising demand for cooling contribute to increasing electricity demand. In China, air conditioner ownership expands by around 40% from current levels in the STEPS and APS by 2030. Electricity provides a rising share of total final energy consumption in all economies. Global electricity demand in 2050 is over 75% higher in the STEPS than it is today, 120% higher in the APS and 150% higher in the Net Zero Emissions by 2050 (NZE) Scenario. Electric energy is transmitted and distributed through wires and cables, and the development of the electricity market will bring driving force to the Cable Management System industry.

Region Overview:

In 2022, the share of the Cable Management System market in APAC stood at 37.93%.

Company Overview:

Niedax Group is one of the major players operating in the Cable Management System market, holding a share of 6.97% in 2023.

Segmentation Overview:

By type, Cable Trays and Ladders segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Construction & Utility segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cable Management System market covered in Chapter 3:

Atkore
DKC Company
HDMANN
Pemsa Cable Management
OBO Bettermann
Poleoduto
ABB
VANTRUNK
Eaton
Oglaend (Hilti)
Basor Electric, S.A.
Storskogen
ENDURO
Xuchang Meetall
PUK Group
IEK Group
Niedax Group
Legrand
Korvest
Unitech

In Chapter 4 and Chapter 14.2, on the basis of types, the Cable Management System market from 2018 to 2029 is primarily split into:

Cable Trays and Ladders
Cable Cleats
Cable Ties
Cable Passive Fire Protection Systems
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cable Management System market from 2018 to 2029 covers:

IT and Telecom
Manufacturing
Construction & Utility
Oil and Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)