Cable management accessories enhance the infrastructure performance and management efficiency of data centre and commercial spaces by offering organized routing and protection for cables and wires. Cable trays, conduits, cable clips and ties etc. facilitate smooth wires laying while preventing entanglement and wear & tear. With growing digitalization and interconnected devices across industries, the demand for reliable and high bandwidth network infrastructure has increased exponentially. The global Cable Management Accessories Market is estimated to be valued at US$ 32 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing adoption of 5G technology has significantly accelerated the demand for cable management accessories over the past few years. 5G networks require extensive cabling infrastructure for seamless high-speed connectivity. This is prompting telecom operators and data centre operators to invest heavily in installing advanced cable management systems for their expanding network footprint. Increased 5G deployment across industries is expected to be a major growth driver for the cable management accessories market during the forecast period.
Segment Analysis
Cable management accessories market can be segmented into cable ties, cable harnesses, cable looms and bundling parts, cable and wire management tools, zip ties and fasteners, duct tapes, and others. Cable ties dominate the market as they are inexpensive and are easy to install. They are widely used to organize wires and cabling in residential and commercial buildings.
Key Takeaways
The Global Cable Management Accessories Market Size is expected to witness high growth.
North America is currently the largest market for cable management accessories due to high adoption of cable ties and cable looms in industrial and commercial sectors across the US and Canada. Asia Pacific region is expected to be the fastest growing market owing to increasing construction activities and growing electronics industry in countries such as China, India, Japan and South Korea.
Key players operating in the Cable Management Accessories market are Panduit, ABB, Cooper Industries, Chatsworth Products, Hellermann Tyton, Eaton, Leviton Manufacturing, Legrand, Thomas and Betts, and TE Connectivity. Panduit is one of the leading players offering wide range of cable ties, wire harnesses, raceways and plastic clips.
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https://www.newswirestats.com/cable-management-accessories-market-size-share-growth-outlook-2023/
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