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NEW YORK , June 10, 2022 /PRNewswire/ -- The cable tray market is expected to grow by USD 3.20 billion from 2020 to 2025, progressing at a CAGR of 10.64% as per the latest market report by Technavio. The key factor driving the cable tray market is the increased investments in data centers. Cable trays are used in designing the communication and power cable infrastructure in data centers. Rapid growth in data traffic due to factors such as increasing penetration of the IoT, developments in wired and wireless communication technologies, and rising deployment of AI across industries, is increasing the need for data centers, which, in turn, is driving the demand for effective cable management systems, such as cable trays. In July 2018 , Netmagic Solutions, a wholly-owned subsidiary of NTT Communications, an India -based cloud and managed IT services provider, announced the launch of two new high-density and hyper-scale data centers. The parent company, NTT Communications, invested $144 million in setting up these two new facilities. In addition, cable trays help in space and cost-saving as compared to conduits. Thus, they are highly preferred in data centers for cable management purposes. Therefore, the growing investments in data centers will drive the demand for cable trays during the forecast period.
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Cable Tray Market : End-user Landscape
Cable Tray Market : Geography Landscape
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Cable Tray Market : Vendor Landscape
The competitive scenario provided in the Cable Tray Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Cable Tray Market Forecast Report - Buy Now!
Accelerate at a CAGR of 10.64%
Leading companies, competitive strategies, consumer engagement scope
ABB Ltd., Atkore International Group Inc., Chatsworth Products Inc., Eaton Corporation Plc, Hubbell Inc., Legrand SA, OBO BETTERMANN Holding GmbH & Co. KG, Schneider Electric SE, TransDelta International Industries LLC, and voestalpine AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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