Cable Management Accessories Market News, Regional Insights | Impact of COVID-19

 Cable Management Accessories Market 

Market Overview

Cable management accessories are used in industrial applications for ensuring higher productivity and avoiding financial losses. Stakeholders of the manufacturing domain are highly investing in high-end cable management systems for efficient electrical services in organizations. This factor has led to the development of efficacious cable lugs, which is eventually driving the Cable Management Accessories Market. 

The Cables and Accessories Market has reached a value of USD 1.74 billion in the year 2017, and now it is expected to reach USD 2.5 billion by 2023, and a CAGR rate of 6.53% during the forecast period.

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Manufacturers of cable management accessories are competing at the global level to develop insulated and non-insulated cable lugs that can guarantee consistent electrical connections in industrial applications. Thus, the rising demand for cable lugs in the industrial verticals is accelerating the Cable Management Accessories Market. The industrial players and manufacturers are with increased production capabilities of cable lugs will soon meet international standards. Companies related to the cable management accessories market are developing cable lugs that come with the best crimp connections with various crimping toolsets.

Moreover, the energy infrastructure and public sector infrastructures will be expanded and replaced, such as railways, roads, airports, and communication networks worldwide. This factor is accelerating the demand for cable installations, further stimulating the demand for cable lugs and markers.

Regional Analysis

The Cable Management Accessories Market is geographically distributed into major regions such as North America, Europe, Asia-Pacific, and the rest of the world. All these regions will show significant growth during the forecast period.

North America, which Europe follows, will lead the market due to the region's higher demand for cable services. The region also consists of emerging countries that are propelling regional market growth. Moreover, prominent industrial players in the region and the intense growth of the logistics and transportation sector are accelerating the demand for cable management accessories.

Industry News

  • In November 2018, Legrand India launched their first retail store in Kochi, which provides solutions that are designed throughout the sectors for the commercial, hospitality, residential, and industrial segments.

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About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.


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