Wire and Cable Management Market to Reach $25.26 Billion by 2023 | Feb 9, 2021 - ReleaseWire - 0 views
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Almira Coyne on 11 Feb 21The wire and cable management market is expected to grow from an estimated USD 16.91 Billion in 2018 to USD 25.26 Billion by 2023, at a CAGR of 8.36%, during the forecast period. The market is set to witness growth due to the rising demand from data center and IT facilities and the growing construction sector. Browse 75 Tables and 39 Figures spread through 135 Pages and in-depth TOC on "Wire and Cable Management Market - Global Trends and Forecasts to 2023" Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69412008 Power cable segment is expected to be the largest wire and cable management market, by cable type, in 2018. The power cable segment is expected to be the largest segment of the wire and cable management market, by cable type, in 2018. Power cables are widely used in the power distribution sector to distribute power, and can be installed overhead as well as underground in the industrial, commercial, and residential sectors. High demand for electrification of homes, increased investment in power distribution, and growth in the household sector in developing countries are the key drivers for the growth of the power cable wire and cable management market. Conduits & trunking segment is expected to be the second largest wire and cable management market, by product, during the forecast period. Conduits & trunking are used to protect cables from damage and can be used in almost any location including homes, commercial spaces, and industrial sectors. Rising urban population and need for advanced infrastructure in regions such as Asia Pacific and the Middle East are thrusting the deployment of conduits & trunking system.