Global Cable Trays Market – Market Introduction
Cable trays are prominently used across the world in routing and organizing power cables in commercial as well as non-commercial premises. In industrial and other commercial facilities power cables are used for distributing large amount of electricity to machines, equipment, etc. Cable trays are effective cable management solutions particularly for distributing power.
Global Cable Trays Market – Market Dynamics
The global market for cable trays is characterized by supply of cable trays that have good tensile strength and heavy load carrying capacity. Manufacturers of cable trays manufacture products that have reliable characteristics and effective functionality. Cable trays are highly preferred by end consumers as they provide ease of maintenance in cable management system. The global demand for cable trays is expected to grow prominently due to requirement in the telecom industry. The telecom market segment is anticipated to sustain the growing demand for cable trays over the forecast period 2017-2025.
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Cable trays provide effective functionality in organizing and arranging large and complex network of cables or wires. Cable trays are easy to inspect and provide resistance to fire thus safeguarding significant asset value to end consumers. Galvanization of cable trays gives extra life to the cable trays. Cable trays with long life span maximizes its usage in industries which have high initial investment. Cable trays due to longer life span are not frequently replaced by end consumers. One of the vital feature of cable tray that they can carry heavy loads. Heavy load carrying capability of cable trays make cable trays a preferred solution for applications that require more complex and heavy wiring system. With urbanization and growing energy demand the global market for cable trays is expected to witness growing demand. Manufacturers are also supplying cost efficient cable trays and cable trays with simpler designs particularly for hospitality industry in order to save costs and pace utilization. Airports and commercial buildings which have to carry bulk of high voltage cables and broadband wires are further fuelling the demand for cable trays in the global market.
Global Cable Trays Market – Competition Landscape
Some of the key players operating in the global cable trays market include Atkore International, Chatsworth Products, Schneider Electric, Legrand Electric Ltd, Oglaend System, Thomas & Betts Corporation, MP Husky USA Cable Tray Cable Bus, Chalfant Manufacturing Company, Marco Cable Management, TechLine Mfg., Unitrunk Ltd.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint.