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2017-2021 the global construction cable management system has increased by 9%
Market research analyst at Technavio, a market research firm, predicts that in the 2017-2021 years, the market of the global building cable management system will grow steadily at a compound annual growth rate of more than 9%.
One of the main drivers of the market is the rapid growth of bandwidth demand for upgrading existing networks. In the past few years, the amount of data transmitted within the organization network has increased significantly. An increasing number of organizations use instant messaging, network phone and video conferencing to increase the number of packets. This rapid growth of network traffic has led to a reduction in network efficiency and predictability. This growth requirement for higher bandwidth of network services can be realized by the cable management system. Because these systems can interconnect different network devices of different network segments and store information about location and availability of all kinds of network devices, data transmission is faster. The capability of the cable management system to promote faster data networks will expand the global building cable management system market.
In terms of region, America has the largest market share in 2016 and will continue to dominate the market in the next few years. The American cable management system market is driven by developed economies, such as the United States and Canada. North American countries are expected to witness the rapid development of hotels, retail and office buildings, which will increase the scope of the cable network in the building. In addition, in Mexico, rising housing prices and foreign investment in the business and residential areas will further promote the growth of the global building cable management system.
Competition pattern and major suppliers
The global building cable management system is highly dispersed, including global and regional suppliers. Competition between suppliers is expected to intensify, with several suppliers planning to expand production and increase their supply in the next few years.
Market leading suppliers including Eaton, Legrand, Niedax group, Schneider electric, Thomas and Bates. Other famous supplier Alfa wire, CommScope, general cable manufacturing, Hammond Lapp group, U.S. cable company, America Vydyne, Tyco Electronics, etc..
By product division
According to the product type, the market can be divided into cable bridge, line slot, box, pipe, rack and accessories, power line management and protection device, modular wiring.
In 2016, cable bridge dominated construction cable management system market, accounting for the main share of the whole market. Such factors as fixing the necessary cable and cable network, avoiding the entanglement of cables in the building facilities are the important assisting power of the cable tray in the global market.
Dividing by end users
According to the classification of end users, the market can be divided into industrial buildings, commercial buildings and residential buildings.
In the report, analysts expect the industrial construction field to dominate the building cable management system market during the forecast period. The demand for high-speed network interconnection schemes for managing network phone traffic, video streaming and multichannel communication has greatly promoted the growth of industrial building.
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