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Wire and Cable Management Market Trends

Report ID: GMI8488
Published Date: Mar 2024
Report Format: PDF

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Wire and Cable Management Market Trends

The integration of IoT (Internet of Things) and smart technologies is a significant trend propelling the market forward. This allows real-time monitoring and control of cable systems, further enhancing efficiency and reducing maintenance costs. Smart cable management solutions enable predictive maintenance, improved energy management, and streamlined operations. As industries and buildings increasingly adopt IoT-enabled systems, the demand for advanced wire and cable management products will continue to rise.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of wire and cable management was reached USD 20.1 billion in 2023 and is estimated to register over 7% CAGR between 2024 and 2032, favored by the heightened demand for reliable & efficient cable systems to support utilities, transportation, and communication networks.

The metallic segment accounted for a market share of over 57% in 2023 and is projected to grow through 2032 as industries like construction, automotive, and energy rely heavily on metallic solutions for their robustness in demanding environments.

Asia Pacific region captured around 33% share of the wire and cable management industry in 2023 and will continue to showcase impressive growth trends over 2024-2032, due to rapid industrialization and infrastructure development.

ABB Ltd., Belden Inc., CommScope Holding Company, Inc., HellermannTyton, Hubbell Incorporated, Legrand, Panduit Corporation, Schneider Electric SE, TE Connectivity Ltd., and WESCO International, Inc.