October 7, 2019 - 4:17 AM EDT
Print Email Article Font Down Font Up
Cable Trays Market to Exhibit a CAGR of 9.06% from 2019-2026; Increasing Number of Power Sub-stations to Provide Impetus for Growth, says Fortune Business Insights

Key Companies Covered in the Cable Trays Market Research Report are ABB ,Schneider Electric, Eaton, Hubbell Incorporated, MP Husky Cable Tray & Cable Bus, Atkore International, Chalfant Manufacturing Co.- OBO Bettermann Group, Legrand, Basor Electric SA, MonoSystems, Snake Tray, WIREMAID USA, Øglænd System Group, WBT - PERFORMANCE CABLETRAY, Techline Mfg., Chatsworth Products, Panduit, Niedax Group.

Pune, Oct. 07, 2019 (GLOBE NEWSWIRE) -- The global Cable Tray Market is likely to derive growth from the growing power needs and increasing number of sub-stations across the world. According to a report published by Fortune Business Insights, titled “ Cable Tray Market Size, Share & Industry Analysis, By Type (Ladder, Solid Bottom, Trough, Channel, Wire Mesh, Single Rail), By End-User (Power, Construction, Manufacturing, IT & Telecom, Others), By Material (Steel, Aluminium, Stainless Steel), and Regional Forecast, 2019-2026,” the market was valued at USD 2.75 Billion in 2018 is projected to reach USD 5.46 Billion by 2026, exhibiting a CAGR of 9.06% during the forecast period.


Browse Complete Report Details with Table of Content and Figures:

https://www.fortunebusinessinsights.com/industry-reports/cable-tray-market-101529


The rising global population has led to a subsequent increase in the demand for basic necessities. As a result, industries and manufacturing units are being set up across the world. The growing industrialization, combined with the increasing number of IT and communication centres and corporate offices, will set the platform for a widespread adoption for cable tray market across the world. Cable tray allows safe transportation of wires that are used to transmit electricity. Besides power transmission, cable trays can be helpful in cases of overvoltage and overcurrent. Cable trays will help minimize the exposure to open wires, thereby reducing risks and injuries associated with open wire contacts. Such exceptional properties of cable trays will lead to a rising adoption for the product across the world, which in turn will favor the growth of the global Cable Tray Market in the coming years.

The report provides an in-depth analysis of the global Cable Tray Market with regard to aspects such as leading companies, growth drivers, and leading product types. Additionally, the report provides a detailed study of the market by classifying it into various regions. The report highlights a few of the leading business strategies adopted by the companies operating in the global market and states the impact of these strategies on the growth of the market.

Aluminium Segment to Account for a Dominating Cable Tray Market Share

Among the product types, Fortune Business Insights labels the aluminium type as the segment that holds a dominating share of the global Cable Tray Market. The properties of aluminium such as enhanced load bearing capacity and a high strength to weight ratio has led to a rising adoption for the product across the world. Additionally, the low maintenance cost associated with aluminium will contribute to the growing adoption of the product. Due to the aforementioned factors, the aluminium segment is likely to exhibit a high CAGR in the forecast period.

IT and Telecom Sector to Exhibit High Growth Rate

The increasing need for power utilities has, in turn, created the need for power cables and other products associated with sub-stations. Growing power needs will provide several growth opportunities for the Cable Tray Market. Increasing investment in power substations will help these companies generate substantial Cable Tray Market revenue. Additionally, the increasing need for technological facilities and data centres to enable enhanced virtual support will aid the growth of the IT and telecom segment.


Sample PDF https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cable-tray-market-101529


Some of the leading companies that are operating in the global Cable Tray Market are:

  • ABB
  • Schneider Electric
  • Eaton
  • Hubbell Incorporated
  • MP Husky Cable Tray & Cable Bus
  • Atkore International
  • Chalfant Manufacturing Co.- OBO Bettermann Group
  • Legrand
  • Basor Electric SA
  • MonoSystems
  • Snake Tray
  • WIREMAID USA
  • Øglænd System Group
  • WBT - PERFORMANCE CABLETRAY
  • Techline Mfg.
  • Chatsworth Products
  • Panduit
  • Niedax Group



Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cable-tray-market-101529

 
Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Latest Technological Advancement
    • Regulatory Landscape
    • Industry SWOT Analysis
    • Porters Five Forces Analysis
  • Global Cable Tray Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights, and Forecast – By Material (USD Billion)
      • Steel
      • Aluminium
      • Stainless Steel
    • Market Analysis, Insights, and Forecast – By Type (USD Billion)
      • Ladder
        • Swaged Ladder
        • Welded Ladder
      • Solid Bottom
      • Trough
      • Channel
      • Wire Mesh
      • Single Rail
    • Market Analysis, Insights and Forecast – By End-User (USD Billion)
      • Power
      • Construction
      • Manufacturing
      • IT & Telecom
      • Others
    • Market Analysis, Insights and Forecast – By Region (USD Billion)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/cable-tray-market-101529


Browse Related Reports:

  • Switchgear Market Size, Share & Industry Analysis, By Insulation (Gas, Air, Oil, Vacuum), By Voltage (Low, Medium, High), By End-User (T&D Utility, Industrial, Commercial & Residential), By Installation (Indoor, Outdoor), and Regional Forecast 2019-2026

  • Generator Sales Market Size, Share and Industry Analysis By Fuel Type (Gas, Diesel, Others), By Power Rating (Below 75kVA, 75-375kVA, 375-750kVA, Above 750kVA), By Application (Stand By, Peak Shaving, Continuous), By End-User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Others) and Regional Forecast 2019-2026

  • Power Rental Market Size, Share and Industry Analysis By Rating (Below 75 KVA, 75 – 375 KVA, 375 – 750 KVA, Above 750 KVA), By Fuel Type (Diesel, Natural Gas and LPG, Others), By Application (Continuous, Stand By, Peak Load), By End-Use (Mining, Construction, Utility, Events, Manufacturing, Oil and Gas, Others) and Geography Forecast, 2019 – 2026

  • Advanced Energy Storage System Market Size, Share and Industry Analysis By Technology (Solid State Battery, Flow Battery, Thermal Energy Storage, Pumped Hydro Storage), By Application (Residential, Commercial, Industrial, Utility) and Regional Forecast 2019-2026


About us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact us:

Fortune Business Insights Pvt. Ltd. 
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1-424-253-0390
UK :+44-2071-939123
APAC :+91-744-740-1245
Email: [email protected]
Website: https://www.fortunebusinessinsights.com

Primary Logo


Source: GlobeNewswire PR (October 7, 2019 - 4:17 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice