Cable
management system market is the most demanding segment in the
communications infrastructure market. Since data centers demand high
performance technologies, cable management systems prove to be the
key to clean visual appearance and accessibility in such places. With
the value of rack space becoming more and more significant in
different industries as well as in fiber and copper applications, the
market for cable management systems is constantly in demand, growing
at a CAGR of 11.8% from 2014 to 2020. By the end of 2020, the market
is expected to reach US$15,609.1 million, indicates a
recently-published market report in the U.S.
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Cable Management System Market Report with Full TOC at
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Prevailing
Perceptions and New Innovations in Cable Management Systems
The
term ‘cable management’ is mainly used for products or
workmanship. A cable management system (CMS) is a suite of products
used to support the weight of cables or wires in various
applications. They are easy to maintain and provide a tangle-free and
safe electrical wiring mechanism when installed in commercial places
and factories.
For
the past decade, products such as raceways, connectors, cable trays,
conduits, junction boxes, and floor ducts have existed in this market
as regular features of infrastructure across different end-user
platforms.
Cable
Tray Current Leading Sub-Segment
The
cable tray segment dominated the global cable management systems
market in 2013, contributing more than 20% of the global revenue in
the world. Cable tray supports all sorts of communications, data,
power cables, controls, and signals, and is considered flexible,
safe, highly resistant to corrosion, versatile, cost-effective, and
easily maintainable when it comes to performance. The market for
cable tray in North America is the strongest regional sector. Based
on such characteristics, the dominance and growth of this market
segment is likely to continue over the next five years.
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High-Capacity
Cables for Fiber Management is the Future Wave
Selecting
the right type of cable management system to route and protect fiber
is very critical in ensuring long-term network performance. Hence,
the rollout of advanced high-capacity network systems and protocols
for IT applications and data protection has emerged in the market.
Helping to create effective fiber networks, the demand for
high-capacity cables is high because they can handle increasing
amounts of traffic and simultaneously generate more revenue to an end
user from a single fiber-strand.
Trends,
Outlook, and Revenue Growth at Regional Levels
Cable
management systems are typically used to secure cables for data
communication or electrical services at different industrial
locations. The systems find applications in various end-use
industries such as aerospace, automotive, IT, power distribution, oil
and gas, mining, healthcare, maritime, manufacturing, and
telecommunication. Currently, more than 65% of the global cable
management system market is commercialized. The demand and use of
cable management systems soars because different products available
within this market provide end users with multifarious benefits such
as increased adaptability, low-maintenance, cost-saving on labor, and
enhanced safety.
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High
demand for bandwidth requirements and increase in global energy is
also propelling the need for cable management systems across several
mature economies in the world.
Market
Opportunities in Asia Pacific
Rapid
industrialization, and future planning and installation of major
infrastructure development projects and plants across regions mainly
in the APAC are propelling the rapid adoption of cable management
systems, while maintaining the additional capacity to incorporate
emerging technologies. Asia Pacific is significantly growing in the
IT and telecom sectors due to which the demand for cable management
systems is rising.
For
years, North America has dominated the overall cable management
systems market with over one-fourth of the global market revenue
share. However, the focus is now shifting to the RoW, MENA, and BRICS
economies due to rising growth in the construction industry.
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