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The infographic below contains key findings from our analysis of the building cable management systems market
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Technavio’s market research analyst predicts the global building cable management systems market to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the rapidly accelerating bandwidth requirements for upgrading existing networks. The volume of data that is transmitted within an organizational network has increased significantly over the past few years. The growing use of instant messaging, VoIP, and video conferencing in organizations have increased the volume of packet data. This rapid increase in network traffic has led to a reduction in network efficiency and predictability. This rising demand for higher bandwidth for network traffic can be fulfilled by cable management systems. As these systems, can interconnect different networking devices on various network segments and store information about the location and availability of various network devices, the transmission of packet data becomes faster. This ability of the cable management system to facilitate faster data network will augment the global building cable management systems market during the forecast period.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The cable management systems market in the Americas is driven by developed economies, such as the US and Canada. North American countries are expected to witness rapid developments in hospitality, retail, and office buildings, which will increase the scope of wired network implementation in such buildings. Moreover, in Mexico, he rising property prices and foreign investments in the commercial and residential sectors will further propel the global building cable management systems market in the coming years.
The global building cable management systems market is highly fragmented with the presence of several vendors that include both globally established players and regional players. The competition among players in expected to intensify, with several vendors planning to scale up their production and enhance their product offerings in the coming years.
Leading vendors in the market are –
Other prominent vendors in the building cable management systems market include Allied Tube & Conduit, Alpha Wire, Armorcast, Atkore International, Chatsworth Products, CommScope, Dana, Deca Cables, Domtech, General Cable, Hammond Manufacturing, Kripson Electricals, Lapp Group, Leoni, Leviton, Marco Cable Management, Metsec Cable Management, Netfloor USA, Oglaend System, Optical Cable Corporation, Panduit, TE Connectivity, and TransDelta International Industries.
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During 2016, the cable tray segment dominated the building cable management systems market and accounted for a major part of the overall market share. Factors such as the securing of essential cables and wired networks and avoidance of entanglement of the cable within a building facility are the major contributors for the dominance of this segment in the global market.
In this market study, analysts have estimated industrial buildings segment to dominate the building cable management systems market during the forecast period. The demand for high-speed network connectivity solutions for managing voice over Internet protocol (VoIP) traffic, video streaming, and multi-channel communications from the industrial sector contribute significantly to the growth of this segment in the building cable management systems market.
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Global Industrial Ethernet Cables Market 2016-2020
This is preliminary content. The table of contents is subject to change.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: network cable, network solutions, automation solutions, building automation, automation industry outlook, automation market segmentation,
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