Energy & Utility

According to a market report by Lucintel, the future of the cable management accessory market looks promising with opportunities in the IT & telecom, manufacturing, energy & utility, healthcare, logistics & transportation, mining, oil & gas, and construction industries. The cable management accessory market is expected to grow with a CAGR of 5% to 7% from 2022 to 2027. The major drivers for this market are growing development in infrastructure, increasing investment and renovations in energy sector and public sector infrastructure, and continuous expansion in IT and telecom sector.

In this market, cable lugs, cable markers, and heat shrink tubes are the major cable management accessory used for safety and high productivity in various end use industries. Lucintel forecasts that cable lugs will remain the largest segment by type and witness the highest growth due to development of efficient cable lugs considering advancement in the high-end cable management systems for efficiency in electrical services.

Within the cable management accessory market, IT & telecommunication will remain the largest segment over the forecast period due to growing adoption of IT and communication technologies by various end use industries leading towards high demand for cable management accessory that enhances network performances, along with providing functional flexibility and safety.

North America is expected to remain the largest market due to increasing use of cable management accessory in various industries due to the development work happening in the US and Canada. Asia Pacific is expected to witness the highest growth over the forecast period due to the government initiatives in modernization and infrastructure development which requires these cable management accessory.

Schneider Electric SE, Legrand S.A., Thomas & Betts Corporation, Chatsworth Products, Inc., TE Connectivity Corporation, and HellermannTyton Group PLC, are among the major suppliers of cable management accessorys.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cable management accessory market by type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Cable Management Accessory Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global cable management accessory market by type, end use industry, and region as follows:
































This 180-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cable-management-accessory-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high growth opportunities for the global cable management accessory market by type (cable lugs, cable markers, and heat shrink tubes), end use industry (IT & telecom, manufacturing, energy & utility, healthcare, logistics & transportation, mining, oil & gas, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?