Albany, NY -- (SBWIRE) -- 05/24/2018 -- The latest trends, growth drivers as well as threats that could be faced by the market are discussed in detail in this report. The comprehensive study includes the future prospects and analysis of the industry, including market size and share, on account of risk factors and market opportunities. This report forecasts revenue growth at global, regional, & country levels and provides an analysis on industry trends in each of the sub-segments from 2017 to 2024.

Over the last few years, the concept of cable management has gained substantial prominence owing to increasing dependence on machines. Across various industries and individual residences, it is being noticed that there has been an extensive usage and increasing reliance on machines. Eventually, the requirement for efficient and better cable management accessories like cable markers, heat shrink tubes, and cable lugs has also substantially increased worldwide.

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The international market for cable management accessories is being stimulated by factors like constant progress in the development of infrastructure activities, growing need for electricity, and increasing demand for the renewal of already existing infrastructure of power transmission in developed countries. The recovering industry of construction in the European countries and strict rules and regulations that govern cable installations across various developed countries are fuelling the growing need for various cable management accessories. In the emerging economies of Latin America and Asia Pacific, substantial growth in the development activities across the industry of energy and public infrastructure. Expansion of telecommunication networks are facilitating the overall progress of the world cable management accessories market.

The installation of new transmission lines, upgrade of existing grid infrastructures to support the constantly rising power loads, and inclusion of renewable sources in existing transmission systems will boost the cable management accessories market in developing regions. There has been a huge surge in the number of new infrastructure development projects in the Middle East and North Africa in the past few years. This has favored the growth of many industries, including the cable management accessories industry. In the next few years, these construction projects across countries such as Qatar, UAE, and Saudi Arabia will present the demand for increased volumes of cable lugs, heat shrink tubes, and cable markers to support the expanding networks of a variety of cables.

Key players in the global cable management accessories are Hellermann Tyton Group plc, Schneider Electric SE, homas & Betts Corporation, Legrand SA, and TE Connectivity.