Cable Cleats Market Outlook - 2030
Cable cleats are devices designed in such a manner that ensures retention and support of cable. Cable cleats help provide effective short circuit protection, support, retention of low voltage, medium voltage and high voltage power cable systems that protects the electrical installation from any mishaps. Cable cleats are constituted of high-quality raw material consisting of glass fiber reinforced polyamide as the key element which make the cable cleat robust.
Some of the beneficial characteristics of Cable cleats include recyclability, easy installation, non-magnetic, non-conductive, resistant to oils, heat, UV, moisture, acids, corrosion, and absence of have sharp angles. Cable cleats are used in diverse applications such as data centers, power generation and distribution, OEMs, onshore, offshore, and transportations. Prysmian Group and Ellis Patents are the major players in the cable cleats market.
The global cable cleats market is segmented on the basis of material, number of cores, cable type, industry vertical, and region. Based on material, the market is divided into metallic and non-metallic. In terms of number of cores, the market is categorized into single core and multi core. On the basis of cable type, the market is divided into low voltage power cable, medium voltage power cable and high voltage power cable. On the basis of industry vertical, the market is divided into IT & telecom, energy & utilities, gas & oil, transportation and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global cable cleats industry include CMP Products Limited, Prysmian Group, Ellis Patents, Panduit Corp., Cooper Industries, Dutchclamp B.V., KOZ Products BV, Axis Electrical Components, Em Elektrik, SS Engineering, BICC Components, Novoflex Marketing, Oglaend System Group, Nantong Naco Fluid Equipment Co. Ltd., Eland cables limited, Remora Electrical Limited and Transdelta Transformers Pvt. Ltd. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global cable cleats market.
COVID-19 Scenario Analysis
The COVID-19 pandemic is a global health emergency that has adversely impacted all the businesses in the world. To control the COVID-19 pandemic outbreak Government across the world has imposed strict lockdowns and restrictions on travel. This has negatively impacted almost all businesses across the globe and the cable cleats market share is also affected by the COVID-19 pandemic outbreak.
Due to the COVID-19 pandemic the industries were instructed by the Government administrations to work with a minimal workforce and to observe strict social distancing norms which have resulted in the decline of the production rate of the industries. Moreover, the supply chain management systems were also disrupted due to the COVID-19 pandemic. Therefore, all these factors had negatively affected the growth of the Cable Cleats in the market.
Top Impacting Factors
The increase in the use of cable cleats in the power generation and distribution systems is expected to drive the growth of the cable cleats market. In the power sector, the cable cleats are used to clamp, retain low, medium and high voltage in case of a short circuit. Hence, the cable cleats play a critical role in electrical applications owing to this the developing countries are focusing on the manufacturing of international standards of cable cleats that will minimize the risk to human lives in case of any mishaps.
Furthermore, the cable cleats find their utility in diverse applications such as IT & telecommunication, industrial, commercial, energy, utility, transportation, metal, mining and others. All these attributes lead to the growth in demand for the cable cleats in the market. There has been a massive surge in demand for cable cleats in the past decade owing to the infrastructural advancement and rise in electrification. Also, the rise in the construction sector is a prominent factor that contributes toward the growth in demand for the cable cleats in the market.
The Surge in the Construction Sector
The consistent rise in the construction sector across the world is the primary factor fueling the growth of the cable cleats market. Cable cleats are mainly used across industrial buildings, commercial buildings, power lines and transportation. Also, the use of cable cleats provides longer life to the cables as they reduce physical stress. Therefore, rise in the construction sector is anticipated to drive the growth of the cable cleats market.
Emerging Safety Concerns
In power and distribution applications, safety is one of the prominent features that should be ensured. The cable cleats play as an important role in protecting the cables as they ensure the safety of cables during short circuits or any mishaps. Therefore, rise in concerns over safety measures is projected to fuel the growth in demand for the cable cleats in the market.
Key Benefits of the Report
- This study presents the analytical depiction of the Cable Cleats Market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Cable Cleats Market trends.
- The current market is quantitatively analyzed to highlight the Cable Cleats Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Cable Cleats Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Cable Cleats Market Research Report
- What are the leading market players active in the Cable Cleats Market size?
- What the current trends will influence the Cable Cleats market in the next few years?
- What are the driving factors, restraints, and opportunities in the Cable Cleats market?
- What are the projections for the future that would help in taking further strategic steps?
Cable Cleats Market Report Highlights
| Aspects | Details |
 By Material |
|
 By Number of Cores |
|
 By Cable Type |
|
 By Industry Vertical |
|
 By Geography |
|
 Key Market Players | BICON, Nantong Naco Fluid Equipment Co., Ltd, Oglaend System Group, TransDelta, Ellis Patents Ltd., Novoflex, Dutchclamp b.v., Eland Cables Limited, Remora Electrical Limited, Thorne & Derrick, CMP Products Limited |
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