Global Cable Clamps Market – Evolving Opportunities
Published by : Industrial Automation
Global Cable Clamps Market 2020-2024 – evolving opportunities with ABB Ltd and Panduit Corp – Technavio Report.
Technavio has announced its latest market research report titled global cable clamps market 2020-2024. The global cable clamps market is poised to grow by USD 6.49 billion during 2020-2024, progressing at a CAGR of close to 7% during the forecast period.
The 152-page research report with TOC is titled “Cable Clamps Market Analysis Report by Application (Residential, Commercial, and Industrial), by Geography (APAC, North America, Europe, MEA, and South America), and Segment Forecasts, 2020-2024.”
The market is driven by the growth of the construction industry. In addition, expansion of telecommunication networks is also anticipated to drive the cable clamps market growth during the forecast period. The report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Construction activities have increased across the world over the last five years owing to the recovery of the economy in several countries. Rising demand for residences and low rates of unemployment are contributing to the growth of construction industry in the US. Similarly, rapid urbanisation and significant investments in infrastructure development are also driving the growth of construction industry in emerging economies. This has further led to an increasing demand for electrical and electronic products including wires and cables. Also, cable clamps are widely used as cable accessories in the construction industry. Furthermore, the increasing use of wires and cables to facilitate networks and telecommunications in
residential, commercial and industrial facilities will also drive the growth of the cable clamps market growth during the forecast period.
The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Panduit Corp, Schneider Electric SE, and TE Connectivity Ltd are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the volatility in the cost of raw materials will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Major Five Cable Clamps Market Companies
ABB Ltd operates in the following key business segments: Electrification Products, Robotics and Motion, Industrial Automation, and Corporate and Other. The company manufactures and provides various cable clamps including ZS10-PR, ZS10-OR, ZS10-BL, ZS10-RD, and
Panduit Corp operates through the following business segments: Cabinets, Thermal Management, Racks & Enclosures, Wire Termination, Copper Systems, and Others. The company manufactures and offers a broad range of cable clamp products including ARC.68- A-C14, ARC.68-A-C, ARC.68-A-Q, ARC.68-A-Q14, ARC.68-S6-C14, and ARC.68-S6-Q14.
Emerson Electric Co has business operations under various segments, including Automation Solutions, Climate Technologies, and Tools & Home Products. The company manufactures and offers cable clamps such as Appleton Bus Drop Cable Supports and Clamps.
Schneider Electric SE operates the business under various key segments including Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The company manufactures and offers various types of cable clamps. Some of the products offered by the company are XY2CZ523, VRKD2YYYYY00002, EZ9ECLMP, and HMIZSCLP1.
Amphenol Corp operates the business under the following segments: Interconnect products and assemblies, and Cable products and solutions. The company manufactures and offers a variety of cable clamp products. Some of the products offered by the company are ABS1339 standard Cable Clamps, ABS1339Light Cable Clamps, and ABS2195/CC5516 Series Clamps.