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The global cable trays industry is driven by the growing demand from the construction and IT and telecommunication industry, as the cable trays can protect both power and signal cables. Cable trays facilitates upgrading, expanding, expanding, reconfiguring, or relocating networks. Over the forecast period, the rapid urbanisation, infrastructure development, and development of schools and hospitals in the emerging economies will generate the demand for cable trays for an efficient cable management system.
The growing awareness and increasing demand for performa zinc+, a product of Schneider Electric (EPA: SU), is likely to be a boon for the market over the forecast period. The performa zinc+ has various advantages over the traditional cable trays. These advantages include self-repair, high corrosion resistance, and reduced consumption of natural resources, among others. As a result, the product has gained significant popularity. Furthermore, the demand is likely to increase owing to its increasing application in tunnels, the chemical industry, farms, leisure centres, aggressive indoor environments, and data centres.
The Asia Pacific region is expected to account for a major share in the market, owing to the rapid urbanisation and technological advancements in the electrical and electronics industry in countries like India, China, Japan, South Korea, and Vietnam, among others. In addition, the expansion of the IT and telecommunication industry will further provide an impetus to the cable trays industry in the forecast period. North America also accounts for a significant share in the market due to the rapid construction sector advancements.
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The major players in the cable trays industry include Schneider Electric, Hubbell Incorporated, Legrand SA, Eaton Corporation plc, Basor Electric Ltd, and Chalfant Manufacturing Co., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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