TheGlobal Cable Tray Marketis likely to derive growth from the growing power needs an increasing number of sub-stations across the world.
The Cable Tray 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.
According to a report published by Fortune Business Insights, titled “Cable Tray Market Size, Share and Industry Analysis, By Type (Ladder, Solid Bottom, Trough, Channel, Wire Mesh, Single Rail), By End-User (Power, Construction, Manufacturing, IT and Telecom, Others), By Material (Steel, Aluminium, Stainless Steel), and Regional Forecast, 2019-2026,”
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 trays market.
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Aluminium Segment to Account for a Dominating Cable Trays 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 trays 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.
Some of the leading companies that are operating in the global cable trays market are
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 trays market in the coming years.
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Segmentation
1. By Type
2. By End-User
The report provides an in-depth analysis of the global cable trays 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.Increasing investment in power substations will help these companies generate substantial cable trays 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.
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Major Table of Contents
5.Global Cable Tray Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Analysis, Insights, and Forecast By Material (USD Billion)5.2.1.Steel5.2.2.Aluminium5.2.3.Stainless Steel5.3.Market Analysis, Insights, and Forecast By Type (USD Billion)5.3.1.Ladder5.3.1.1.Swaged Ladder5.3.1.2.Welded Ladder5.3.2.Solid Bottom5.3.3.Trough5.3.4.Channel5.3.5.Wire Mesh5.3.6.Single Rail5.4.Market Analysis, Insights and Forecast By End-User (USD Billion)5.4.1.Power5.4.2.Construction5.4.3.Manufacturing5.4.4.IT and Telecom5.4.5.Others5.5.Market Analysis, Insights and Forecast By Region (USD Billion)5.5.1.North America5.5.2.Europe5.5.3.Asia Pacific5.5.4.Middle East and Africa5.5.5.Latin America6.North America Cable Tray Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Analysis, Insights, and Forecast By Material (USD Billion)6.2.1.Steel6.2.2.Aluminium6.2.3.Stainless Steel6.3.Market Analysis, Insights, and Forecast By Type (USD Billion)6.3.1.Ladder6.3.1.1.Swaged Ladder6.3.1.2.Welded Ladder6.3.2.Solid Bottom6.3.3.Trough6.3.4.Channel6.3.5.Wire Mesh6.3.6.Single Rail6.4.Market Analysis, Insights and Forecast By End-User (USD Billion)6.4.1.Power6.4.2.Construction6.4.3.Manufacturing6.4.4.IT and Telecom6.4.5.Others6.5.Market Analysis, Insights and Forecast By Country (USD Billion)6.5.1.U.S.6.5.2.Canada7.Europe Cable Tray Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Analysis, Insights, and Forecast By Material (USD Billion)7.2.1.Steel7.2.2.Aluminium7.2.3.Stainless Steel7.3.Market Analysis, Insights, and Forecast By Type (USD Billion)7.3.1.Ladder7.3.1.1.Swaged Ladder7.3.1.2.Welded Ladder7.3.2.Solid Bottom7.3.3.Trough7.3.4.Channel7.3.5.Wire Mesh7.3.6.Single Rail7.4.Market Analysis, Insights and Forecast By End-User (USD Billion)7.4.1.Power7.4.2.Construction7.4.3.Manufacturing7.4.4.IT and Telecom7.4.5.Others7.5.Market Analysis, Insights and Forecast By Country (USD Billion)7.5.1.United Kingdom7.5.2.Germany7.5.3.France7.5.4.Italy7.5.5.Spain7.5.6.Rest of Europe8.Asia Pacific Cable Tray Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.2.Market Analysis, Insights, and Forecast By Material (USD Billion)8.2.1.Steel8.2.2.Aluminium8.2.3.Stainless Steel8.3.Market Analysis, Insights, and Forecast By Type (USD Billion)8.3.1.Ladder8.3.1.1.Swaged Ladder8.3.1.2.Welded Ladder8.3.2.Solid Bottom8.3.3.Trough8.3.4.Channel8.3.5.Wire Mesh8.3.6.Single Rail8.4.Market Analysis, Insights and Forecast By End-User (USD Billion)8.4.1.Power8.4.2.Construction8.4.3.Manufacturing8.4.4.IT and Telecom8.4.5.Others8.5.Market Analysis, Insights and Forecast By Country (USD Billion)8.5.1.China8.5.2.India8.5.3.Japan8.5.4.Australia8.5.5.Southeast Asia8.5.6.Rest of Asia Pacific
TOC Continued…!
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