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

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

Cable Marking Labels are a form of cable marking that provides an easy way to identify various types of cables. They carry a variety of important details including conductor color values, date of installation, cable type, voltage rating, and equipment combination. By using Cable Marking Labels, electricians, technicians, and installers can fully understand and maintain or update the system's normal and safe. Therefore, Cable Marking Labels are essential for locating, upgrading, and repairing electrical, datacom, and telecommunications systems.

Market Overview:

The latest research study on the global Cable Marking Labels market finds that the global Cable Marking Labels market reached a value of USD 911.6 million in 2022. It’s expected that the market will achieve USD 1241.65 million by 2028, exhibiting a CAGR of 5.28% during the forecast period.

Power Industry Development

Cables stacked on the floor or hanging loosely behind equipment are more prone to damage. Replacing damaged cables takes time and money. Improper cable distribution can also increase costs by overloading circuits, damaging equipment, and exposed wiring. Sorting through densely wired circuits to find faults can be difficult for any electrician. Properly labeling cables can prevent this from happening, and labeling cables before installation can reduce the stress of sorting through all the cables to find one. The need for cable marking labels is complemented by the increased need for frequently changing cable wiring systems as urbanization increases. According to the IEA, grid investment will grow strongly by 6% in 2021. Advanced economies accelerate investments to support and enable the electrification of buildings, industry, and transportation, and to accommodate variable renewable energy in power systems. Since 2015, for example, investment growth in the United States has outpaced electricity demand growth, as more money has been spent on replacing and upgrading equipment and strengthening structures to withstand weather-related damage. Therefore, with the rapid development of the power industry, the market demand for Cable Marking Labels is also increasing.

Advances in digital technologies drive the growth of the telecom and IT market

Initially, the telecommunications sector mainly dealt with voice communications. Telecommunications technology has now evolved from 2G, 3G, 4G, and 5G to NFV/SDN networks to provide higher data speeds and wider connectivity. These advances have enabled the telecommunications sector to broadcast voice as well as images, video, text (email, messages), and more. The global expansion of mobile devices and related broadband connectivity, Internet of Things (IoT), video streaming, and mobile payments is driving the growth of the telecom market. The construction of smart cities and the development of smart grids have also increased the demand for cables. The spread of digital technology networks requires more data centers. Cable marker labels bring huge benefits to data centers by minimizing unnecessary downtime and allowing you to focus on other initiatives. Cable marker labels can withstand extreme environmental and high-temperature conditions, making them ideal for data center and electrical applications. Cable marking machines and printers are helping to improve the labeling market due to efficient coding systems. Therefore, advancements in digital technology have led to rapid advancements in the telecom and IT markets, which has also brought about more demand for cable marking labels.

Government and Industry Regulations

Government and industry regulations related to Cable Marking Labels have a great impact on the manufacturing of enterprises. The ANSI TIA 606-B Cable Labeling Standard is a set of voluntary guidelines for labeling and recording data about electrical wires used in computer systems. This includes most types of IT environments, including telephone companies, Internet service providers, data centers, and more. To comply with 606-B, labels must meet the following requirements: Labels shall be permanently affixed to the cable. Both ends of the cable need to be marked. Termination points need to be identified on the label. Labels need to be legible, which usually means they should be printed rather than handwritten. All labels must match the permanent record, allowing technicians to obtain additional information if needed. The European Union has stricter regulations on electrical and electronic equipment. There is a wide range of EU legislation concerning the marking, labeling, and packaging of EU products. The WEEE Directive (Directive 2012/19/EU) aims to address the rapidly increasing waste of electrical and electronic equipment, and it complements EU measures on landfills and waste incineration. It also influences product design to reduce material use and promote reuse and recycling. It sets collection, recovery, and recycling targets for all types of electrical and electronic equipment. Other labels such as CE Mark, EU Ecolabel, WEEE Responsibility, Energy Label, etc. Manufacturers need to pay extra attention to these regulations when entering the European region. As a result, the strict regulation of the government and the industry may have a certain degree of negative impact on the Cable Marking Labels industry.

Region Overview:

In 2022, the share of the Cable Marking Labels market in United States stood at 30.35%.

Company Overview:

Brady, DYMO, TE Connectivity were the top 3 players in the Cable Marking Labels market in 2023, taking up a market share of 19.00% together.

Segmentation Overview:

By type, Printable Cable Labels segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Power Sector segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cable Marking Labels market covered in Chapter 3:

LEM Products, Inc
TE Connectivity
Conta Clip
Ses-Sterling
ZipTape Label ID Systems
Epson LabelWorks
Cembre
Phoenix Contact
Gravic
3M
Weidmüller
HellermannTyton
Brady
Partex Marking Systems
DYMO
Helukabel
Murrplastik Systemtechnik
Panduit
Lapp Group

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

Printable Cable Labels
Cable Labels for Manual Marking

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

Electronics and Communication
Industrial
Power Sector
IT
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)