Cable Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, NY -- (SBWIRE) -- 05/20/2015 -- Cable management system market is the most demanding segment in the communications infrastructure market. Since data centers demand high performance technologies, cable management systems prove to be the key to clean visual appearance and accessibility in such places. With the value of rack space becoming more and more significant in different industries as well as in fiber and copper applications, the market for cable management systems is constantly in demand, growing at a CAGR of 11.8% from 2014 to 2020. By the end of 2020, the market is expected to reach US$15,609.1 million, indicates a recently-published market report in the U.S.
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Prevailing Perceptions and New Innovations in Cable Management Systems
The term 'cable management' is mainly used for products or workmanship. A cable management system (CMS) is a suite of products used to support the weight of cables or wires in various applications. They are easy to maintain and provide a tangle-free and safe electrical wiring mechanism when installed in commercial places and factories.
For the past decade, products such as raceways, connectors, cable trays, conduits, junction boxes, and floor ducts have existed in this market as regular features of infrastructure across different end-user platforms.
Cable Tray Current Leading Sub-Segment
The cable tray segment dominated the global cable management systems market in 2013, contributing more than 20% of the global revenue in the world. Cable tray supports all sorts of communications, data, power cables, controls, and signals, and is considered flexible, safe, highly resistant to corrosion, versatile, cost-effective, and easily maintainable when it comes to performance. The market for cable tray in North America is the strongest regional sector. Based on such characteristics, the dominance and growth of this market segment is likely to continue over the next five years.
High-Capacity Cables for Fiber Management is the Future Wave
Selecting the right type of cable management system to route and protect fiber is very critical in ensuring long-term network performance. Hence, the rollout of advanced high-capacity network systems and protocols for IT applications and data protection has emerged in the market. Helping to create effective fiber networks, the demand for high-capacity cables is high because they can handle increasing amounts of traffic and simultaneously generate more revenue to an end user from a single fiber-strand.
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Trends, Outlook, and Revenue Growth at Regional Levels
Cable management systems are typically used to secure cables for data communication or electrical services at different industrial locations. The systems find applications in various end-use industries such as aerospace, automotive, IT, power distribution, oil and gas, mining, healthcare, maritime, manufacturing, and telecommunication. Currently, more than 65% of the global cable management system market is commercialized. The demand and use of cable management systems soars because different products available within this market provide end users with multifarious benefits such as increased adaptability, low-maintenance, cost-saving on labor, and enhanced safety.
High demand for bandwidth requirements and increase in global energy is also propelling the need for cable management systems across several mature economies in the world.
Market Opportunities in Asia Pacific
Rapid industrialization, and future planning and installation of major infrastructure development projects and plants across regions mainly in the APAC are propelling the rapid adoption of cable management systems, while maintaining the additional capacity to incorporate emerging technologies. Asia Pacific is significantly growing in the IT and telecom sectors due to which the demand for cable management systems is rising.
For years, North America has dominated the overall cable management systems market with over one-fourth of the global market revenue share. However, the focus is now shifting to the RoW, MENA, and BRICS economies due to rising growth in the construction industry.
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