The global cable management market is estimated to grow at a CAGR of 11.1%, during the forecast period. The major factors contributing to the market growth include the increasing number of data centers, a significant rise in the construction industry, and rising demand for renewable energy sources across the globe. As per the US Department of Energy, there are nearly three million data centers in the US, which signifies one data center for every 100 people. This results in the substantial adoption of cloud-based services across several industries and enterprises. Moreover, government initiatives are supporting the adoption of cloud-based services across the developed and emerging economies, such as the US and China.

Furthermore, according to Eurostat, 26% of EU enterprises are using cloud computing technologies in 2018, primarily for e-mails and storage of files. This results in the rising demand for data center service providers to support enterprises by offering data storage and management services with proper security. Cable management is considered as an essential aspect of data center design. Reliable and extreme densities are some crucial factors that play a vital role in cable management. The rugged features of tight buffer cables decrease the downtime risk resulted in cable failure. There are several types of rack cable management used in data centers, which include horizontal cable management, vertical cable management, fiber optic patch panels, and cable tray systems. 

Segmentation

The global cable management market is segmented on the basis of vertical and product type. Based on verticals, the market is classified into manufacturing, IT & telecommunication, healthcare, energy, mining, commercial building, transportation, and others. Based on product type, the market is segmented into the runway, raceway, innerduct & tubing, connectors, cabinets and enclosures, and other accessories.

Cable Management solutions are expected to find significant application in Commercial Buildings

The commercial building is anticipated to witness significant growth in the global market during the forecast period. This is owing to the increasing number of large, medium and small enterprises across the globe. The government initiatives to encourage small and medium enterprises (SMEs) are contributing to the rising number of SMEs across emerging and underdeveloped economies. For instance, in Europe, the Enterprise Europe Network enables small companies to make the most out of business opportunities in the EU. The number of SMEs in the EU increased by 13.8% between 2008 and 2017. This, in turn, is encouraging the demand for construction of commercial buildings and thereby will propel the demand for cable management products, such as cabinets and enclosures and connectors. Buildings are usually designed by keeping cable management in mind, as electrical installations are one of the most important causes of fire in buildings. Cable management has a significant control on protection against fire, primarily for wiring fire alarm systems. For instance, the cable management fire clips are well-suited with mini trunking and are designed for the prevention of cables from falling in the case of a fire and can avoid potential hazards in the site.

Global Cable Management Market Share by Vertical, 2018 (%)

Regional Outlook

Geographically, the global cable management market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among which, North America accounts to hold a significant share in the global cable management market, owing to a significant number of data centers and government initiatives for renewable energy installations in the region. Additionally, the rising investment in smart grid technology is further anticipated to accelerate market growth in North America.

Global Cable Management Market Growth by Region, 2019-2025

Asia-Pacific is estimated to witness lucrative growth in the market

Asia-Pacific is estimated to witness lucrative growth in the global market during the forecast period. The increasing presence of international firms and improving IT infrastructure are the prime factors that are contributing to the regional market growth. The rising installations of solar energy in the region are estimated to provide significant growth opportunity for the market. According to the International Renewable Energy Agency, Asia is leading in solar energy installations with an increase of 64 GW in 2018. China, Japan, India and the Republic of Korea accounted for a significant share in solar energy installations in Asia in 2018. This, in turn, will contribute to the adoption of cable management products to maintain longevity and safety of almost every photovoltaic system installed in the region. 

Market Players Outlook

The major players in the market include Eaton Corp., Houston Wire & Cable Co., Legrand SA, Schneider Electric SE, and TE Connectivity Ltd. Mergers and acquisitions, partnerships and collaborations and product launches are crucial strategies adopted by the market players to expand market share and gain competitive advantage. For instance, in September 2019, Atkore International Inc. signed an agreement with Pentahold NV to acquire Vergokan International NV, a manufacturer of cable ladder system and cable tray, industrial floor trunking and underfloor installations that serve in over 45 countries. This will enable Atkore to expand presence in Western Europe and strengthens its electrical portfolio of cable management products. This, in turn, will contribute to increasing its market share.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global cable management market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.