NEW YORK, Aug. 10, 2021 /PRNewswire/ — The global cable tray market is expected to grow worth $ 3.21 bn by 2025 as per Technavio. Healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 11%.
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The cable tray market is driven by the increasing adoption of automation and communication technologies. In addition, increased investments in data centers are anticipated to boost the growth of the Cable Tray Market.
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Major Five Cable Tray Companies:
- ABB Ltd.
- Chatsworth Products Inc.
- Eaton Corporation Plc
- Hubbell Inc.
- Legrand SA
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Cable Tray Market End-user Outlook (Revenue, USD bn, 2020-2025)
- Commercial – size and forecast 2020-2025
- Industrial – size, and forecast 2020-2025
- Residential – size and forecast 2020-2025
Cable Tray Market Geography Outlook (Revenue, USD bn, 2020-2025)
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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