CABLE MANAGEMENT ACCESSORIES MARKET ANALYSIs

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2. CABLE MANAGEMENT ACCESSORIES MARKET ANALYSIs • Cable Management Accessories Market, By Product Type (Cable Lung, Cable Marker and Heat Shrink Tube), By End User (IT and Telecom, Manufacturing, Energy & Utility, Health Care, Logistics and Transportation (Railways  and Other), Mining, Oil & Gas, Construction,(Residential and Commercial)) and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Market Overview • Cable management accessories are physical systems that help to minimize planning process by adequately maintaining documented physical networks. These accessories are crucial in the majority of industrial applications to avoid financial losses and ensure high productivity. Company owners, especially from manufacturing domain, invest significantly in high-end cable management systems to maintain efficient electrical services in organizations. By reassessing surplus items, cable management accessories aid in improving lifecycle of data assets of telecommunications. Moreover, these systems manage telecommunication inventory to provide organizational efficiency. Cable management accessories also provide enhanced performance, functional flexibility, and safety. Moreover, these accessories help to avoid business damages. Manufacturers in the market are introducing novel accessories with lightweight yet durable materials, especially for the aerospace industry. • The global cable management accessories market was valued for US$ 1573.5 Mnin 2019 is expected to exhibit a CAGR of 7.9% during the forecast period.

4. Market Dynamics- Drivers • High demand for energy and constant investments in infrastructure are expected to drive growth of the global cable management accessories market during the forecast period • The global infrastructure industry has witnessed significant investment in the recent past. Global energy infrastructure and public sector infrastructures such as railways, roads, airports, and communication networks need to be expanded and replaced. Increasing electricity consumption in emerging economies such as India, China, Brazil, and Russia is the major driving factor. According to Coherent Market Insights’ analysis, the electricity access percentage in 2010 for China, India, Brazil, and Russia was 99.7%, 75.0%, 98.9%, and 100.0% respectively. Furthermore, according to the U.S. Energy Information Administration, the global energy consumption in 2010 stood at around 500 quadrillion British units and is expected to register a CAGR of 2.17% to reach 620 quadrillion British units by 2020. Moreover, cable lugs are mainly indicated for electricity distribution or industrial networks where they can be subjected to short-circuit of relatively high intensity and long duration. Therefore, these factors are expected to drive the market growth over the forecast period. • Renewal and replacement of existing networks in mature economies is expected to propel the global cable management accessories market growth over the forecast period • In majority of developed countries, electrical grid infrastructure is reaching its end of service lifespan, after strong investments that were made in the sector in the 1970s. The average life span of a transformer ranges from 25 to 30 years. The aging equipment is not suitable for environmental and technical requirements of the modern generation. Hence, there is a constant demand for efficient and more compatible infrastructure, in order to lessen the impact of pollution on the environment. Moreover, governments in many countries are focused on extending the lifespan of transformer to past current average of 20 years. However, there is a strong requirement to replace pre-existing equipment and infrastructure with more suitable and efficient units. Hence, the renewal and replacement of existing infrastructure are expected to boost the global cable management accessories market growth in the near future. • North America region dominated the global cable management accessories market in 2019, accounting for 30.7% share in terms of value, followed by Europe and Asia-Pacific, respectively Robotics market in 2019, accounting for 36.0% share in 2019 followed by Europe and Asia Pacific, respectively

5. Market Dynamics- Restraints • Price volatility of raw materials is expected to hamper the global cable management accessories market growth during the forecast period • Some of the major materials used in manufacturing of cable management accessories are steel, copper, aluminum, plastics, and others. In the recent past, the prices of some of these materials such as plastic and steel have been volatile and unpredictable. Such volatility in prices makes cable manufacturers continue production at optimum prices. These manufacturers are reluctant to compromise their profit margins below a certain limit, which in turn, increases the prices of the end products. Thus, these factors are expected to hamper the market growth over the forecast period. • High fragmented market at regional level is expected to restrain growth of the global cable management accessories market over the forecast period • The presence of a large number of local players in the market poses major threat to major market players, as high fragmentation indicates easy entry for new market players. Furthermore, regulatory policies for manufacturing of these products vary with each region and buying pattern of the local customers. Therefore, these factors are expected to restrain the global cable management accessories market growth in the near future.

6. Market Opportunities • Evolution of non-metallic lug insulators is expected to present lucrative growth opportunities over the forecast period • Since the machine reliability increased enormously, cable management has become an important aspect within an organization. The non-metallic insulators have proven to be a significant initiative in the cable lug and marker market for enhancing the market growth. Moreover, the insulators protect the terminal connections from accidental shorts. Various material options facilitate manufacturers to design accessories suitable for high-temperature environments. These lug insulators can be used for alternators, starters, generators, and other devices. • High demand in aerospace industry can provide major business opportunities • Manufacturers in the global cable management accessories market can leverage new opportunities in the aerospace industry. There is a high demand for weight-reducing materials in the aerospace industry, where manufacturers can focus on prodding lightweight cable management accessories with customized and precision parts that cater to the specific needs of engineers in the industry.

7. Market Trends • Traditional cable management system • IT industry requires frequent addition/ removal/movement of data cables throughout the period of cable installation. The traditional method involves installment of fixed cables between cabling cabinets and closets. However, this results in entangling of cables or ‘cable spaghetti’. This, in turn, results in increased failures and breakdown in systems. However, advent of fiber-optic coaxial cables has led to rapid digitization in all fields worldwide. Thus, cable lugs and markers are increasingly being used in order to cope with rapidly evolving technologies. • Rapid evolution of information technology • High growth in information technology sector and growing dependence on institutions and businesses that utilize high-performance cabling on IT are the major factors influencing growth of the market. The rapid developments in the communication technology indicate very fewer signs of slowing down in the near future. As a result of this, there is a high demand for markers for data/communication applications. Thus, cable management accessories manufacturers have been developing new products and systems that can adapt to these varying demands.

8. Competitive Section • Key players operating in the global cable management accessories market are Partex Marking Systems USA, Cooper Wiring Devices (Eaton Corporation), Schneider Electric SE, Chatsworth Products, Inc., Legrand SA, Weidmuller Interface GmbH & Co. KG, Thomas & Betts Corporation, Anixter Inc., HellermannTyton Group PLC, Panduit Corp., TE Connectivity Ltd., CembreSpA, Klauke GmbH, and CableOrganizer.com LLC. • Key Developments • Major companies in the market are focused on business expansion, in order to enhance the market presence. For instance, in August 2019, Legrand India, a subsidiary of Legrand SA, inaugurated its first experience center to showcase all Legrand products under one roof in Dehradun, India. • Key players in the market are focused on partnership expansion, in order to enhance the market presence. For instance, in January 2017, Panduit Corp and General Cable extended their partnership to expand PanGen Fiber System Solution.

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