The global wire mesh cable tray market refers to the worldwide industry encompassing the design, production, and distribution of wire mesh cable trays, widely utilized for cable management and support systems in various industries. The market is experiencing steady growth, driven by the increasing demand for efficient cable management solutions in various industries. A key driver is the rapid expansion of data centers and the telecommunications sector, which require organized and secure cable routing systems. However, the market faces restraints such as stringent industry regulations and standards for cable tray materials and installation. Despite this, opportunities abound as the construction of smart cities and the adoption of renewable energy projects drive the need for enhanced cable management infrastructure. Challenges include fierce competition among manufacturers and the need for continuous innovation to meet evolving customer demands and technological advancements.
Access Full Report @ https://www.databridgemarketresearch.com/reports/global-wire-mesh-cable-tray-market
Data Bridge Market Research analyzes the Global Wire Mesh Cable Tray Market is expected to reach USD 1,265,038.89 thousand by 2030 from USD 779,936.94 thousand in 2022, growing with a substantial CAGR of 6.4% in the forecast period of 2023 to 2030.
Key Findings of the Study
Expansion of Data Centers, IT & Telecom Industry
A data center in the age of digitalization is very important as almost every modern business and government office needs its very own data center. Depending on the needs, every government institution and corporation may choose to build and manage its own data center. Even industries such as education, finance, telecommunication, retailers, and social networking services which generate and process tons of information every day, need data centers to run their operations.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015- 2020)
|
|
Quantitative Units
|
Revenue in USD Thousand
|
|
Segments Covered
|
Type (Stainless Steel Wire Mesh Cable Tray, Aluminum Wire Mesh Cable Tray, Hot Dip Galvanized (HDG) Wire Mesh Cable Tray, Electro Zinc (EZ) Wire Mesh Cable Tray, and Others), Width (101 MM to 300 MM, Below 100 MM, 301 MM to 500 MM, 501 MM to 700 MM, and Above 700 MM), Duty Type (Light Duty, Medium Duty, and Heavy Duty), Cable Type (Data and Communication Cable, Electric/Power Cable), Application (Indoor and Outdoor), End User (Data Center and IT, Factory and Industrial Facilities, Healthcare and Pharmaceutical, Power and Energy, Telecommunication, Oil and Gas, Commercial Buildings, Transportation, Residential Construction, Education, and Others), Sales Channel (Direct and Indirect)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Poland, Denmark, Sweden, Norway, Finland, Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, Oman, Qatar, Bahrain, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
|
|
Market Players Covered
|
Schneider Electric (France), Legrand (France), Eaton (Ireland), OBO Bettermann Holding GmbH & Co. KG (Germany), Panduit Corp (U.S.), Chatsworth Products (U.S.), Lxtelecom (China), EAE (Turkey), MP Husky USA Cable Tray Cable Bus (U.S.), Niedax Group (Germany), Marco (U.K.), Ningbo Vichnet Technology Co., Ltd. (China), Electrix International Ltd (U.K.), Demma (Italy), Spina Group srl (Italy), TOPWELLTECH (China), Lepin (China), CHANGZHOU QIAOBANG STORAGE EQUIPMENT CO LTD. (China), Wiremaid (U.S.), Valding Chalfant (U.S.), Hermi doo (Slovenia), GERPASS (France), Sharda Cable Trays Pvt. Ltd. (India), ELMARK Holding (Bulgaria) and among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis
The global wire mesh cable tray market is segmented into seven notable segments based on type, duty type, width, cable type, application, end user, and sales channel.
- On the basis of type, the market is segmented into electro zinc (EZ) wire mesh cable tray, hot dip galvanized (HDG) wire mesh cable tray, aluminum wire mesh cable tray, stainless steel wire mesh cable tray, and others.
In 2023, the stainless steel wire mesh cable tray segment is expected to dominate the global wire mesh cable tray market
In 2023, the stainless steel wire mesh cable tray segment is expected to dominate the market with a market share of 41.68% due to its exceptional durability, corrosion resistance, and versatility.
- On the basis of duty type, the market is segmented into light duty, medium duty, and heavy duty.
In 2023, the medium duty segment is expected to dominate the global wire mesh cable tray market
In 2023, the medium duty segment is expected to dominate the market with a market share of 44.51% due to its versatile appeal and cost-effectiveness.
- On the basis of width, the market is segmented into below 100 MM, 101 MM TO 300 MM, 301 MM TO 500 MM, 501 MM TO 700 MM, AND ABOVE 700 MM. In 2023, 101 MM TO 300 MM segment is expected to dominate the market with a market share of 33.54%.
- On the basis of cable type, the market is segmented into data and communication cable and electric/power cable. In 2023, data and communication cable segment is expected to dominate the market with a market share of 63.19%.
- On the basis of application, the market is segmented into indoor and outdoor. In 2023, the indoor segment is expected to dominate the market with a market share of 62.95%.
- On the basis of end user, the market is segmented into data center and IT, telecommunication, factory and industrial facilities, healthcare and pharmaceutical, oil and gas, transportation, commercial buildings, power and energy, residential construction, education, and others. In 2023, the data center and IT segment is expected to dominate the market with a market share of 24.95%.
- On the basis of sales channel, the market is segmented into direct and indirect. In 2023, the direct segment is expected to dominate with a market share of 69.23%.
Major Players
Data Bridge Market Research analyzes Schneider Electric (France), Legrand (France), Eaton (Ireland), OBO Bettermann Holding GmbH & Co. KG (Germany), Panduit Corp (U.S.) as the major market players in the global wire mesh cable tray market.
Market Developments
- In September 2023, Panduit Corp. was awarded the Cabling Installation & Maintenance Innovators Awards for the best products and projects in the industry. Apart from this, the company won six awards in total including three Platinum awards, the highest degree of recognition. This award enhanced the company's reputation, instilling trust among customers and attracting new business opportunities.
- In February 2023, Legrand expanded its Cablofil product line, introducing innovative cable dropout accessories aimed at maintaining cable support. The global electrical and network infrastructure solutions specialist addressed the challenge faced by contractors in data centers, ensuring smooth cable runs without compromising wire mesh tray support.
- In June 2023, EAE, a leading electronics manufacturer, showcased their latest innovations at the EURASIA 2023 Exhibition held at the Istanbul Expo Center from June 7th to 10th. This significant launch provided the company with a unique opportunity to connect with industry peers and potential clients, highlighting their cutting-edge products and technological advancements. EAE's presence at the exhibition allowed them to strengthen their brand presence, foster partnerships, and gain valuable insights into market trends, ultimately boosting their market positioning and growth prospects.
- In May 2023, MP Husky significantly boosted its growth by expanding its partnership with Hodges Southwest (HSW) into South Texas. Since December 2021, HSW has been successfully representing MP Husky in North Texas and Oklahoma. The recent extension of their collaboration, which began on May 1, 2023, now covers the dynamic South Texas region. MP Husky is renowned for its comprehensive range of cable tray and wire mesh/basket cable tray systems, and this expanded partnership is set to drive further success for both companies.
- In December 2022, Schneider Electric doubled its manufacturing capacity by investing USD 51.03 million in Bengaluru. The new facility consolidated 6 of its 10 existing factories, expanding its footprint to 1 million sq. fee.
Regional Analysis
Geographically, the countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Poland, Denmark, Sweden, Norway, Finland, Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, Oman, Qatar, Bahrain, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
As per Data Bridge Market Research analysis:
North America is expected to dominate the global wire mesh cable tray market
North America is expected to dominate the market owing to factors such as robust industrial and commercial infrastructure, stringent regulatory compliance requirements, and the continuous expansion of data centers.
Asia-Pacific is expected to be fastest growing region in global wire mesh cable tray market
Asia-Pacific is expected to be fastest region due to rapid industrialization, urbanization, and expansion of telecommunications networks contributed to the high demand for cable management solutions, including wire mesh cable trays.
For more detailed information about the global wire mesh cable tray market report, click here – https://www.databridgemarketresearch.com/reports/global-wire-mesh-cable-tray-market
