Europe Cable Management Industry

Europe Cable Management Market Analysis

The Europe Cable Management Market is expected to register a CAGR of 14.51% during the forecast period.

• The growing renewable energy production, increasing reserves in smart grid technology, and government initiatives globally for upgrading distribution and transmission systems are driving the studied market. For instance, in April 2022, Siemens Energy was awarded a contract of approximately USD 1.95 billion for the NeuConnect project to lay undersea power cables between the United Kingdom and Germany that is likely to enable 1.4 gigawatts of electricity to pass in both directions between the U.K. and Germany.
• In addition, the primary reason for their increasing integration into the production process is the high quality of the flat surface of the wafers. The investment in the enhancement of wafers is expected to generate a strong growth opportunity within the European cable management market.
• Various companies in different regions have been bolstering their I.T. strategy. For instance, U.K. operator B.T. Group recently opened a robotic research facility that developed automated solutions for telecom and civil engineering to speed up fiber deployments. Such instances are anticipated to drive market growth over the forecast period.
• The growth of the cable management market in Europe, due to the requirement for miniaturisation of components, is also influenced by factors such as rising demand for highly energy efficient ICs, technological developments in semiconductors and increased use of radio frequency identification tags.
• In addition, high maintenance costs are restraining the development of the thin wafer processing and cutting equipment market. The evolution of such devices requires great precision, so their production could be improved.
• The Post COVID-19 crisis accelerated In a number of countries, demand for technology to create more effective and efficient society is increasing. In addition, complicated cable installations across a variety of vertical sectors have resulted from the deployment of high capacity networks. As a result, the market for cable management in Europe is being driven by an increased need to keep cables under control.

Europe Cable Management Market Trends

IT and Telecom Industry to drive the market

• The transmission of data from one location to another by means of light pulses has a significant role played by telecommunications cables. These cables, Widely known as optical fiber cables, are made of plastic (glass) or fibers (threads) .The modulated messages are sent over light waves from the package of glass threads. The copper wire is used for the quick and effective transmission of data by a plastic or glass technique.
• Moreover, several key steps have been taken by the EU to enhance connectivity in a number of areas. It abolished roaming charges and enabled consumers to make use of mobile subscription services throughout the region. Local communities were greatly helped by theWiFi4EU initiative, which enabled them to establish WiFI Hotspots. In addition, the European Union offers to finance and develop technical guidelines on improving network coverage and 5G deployment in Europe as well as providing expertise for governments and businesses.
• In addition, in March 2023, Faroese Telecom and Ericsson executed a speed test of a 5G millimeter wavemmWave spectrum to demonstrate the peak download speeds up to 6Gbps in live networks. In a live network across Europe, it is the fastest measured speed. In all eighteen selfgoverning islands of the nation, this multigigabit mmWave technology will be put into effect and provide mobile broadband services with maximum capacity as well as Multigigabit speeds in urban and rural areas.
• Moreover, 5G network applications are rapidly gaining momentum, and IT connector systems play a crucial role. Due to ever-higher signal frequencies, data rates, packing density, and signal integrity requirements, the need for high-performance and high-quality board-to-board connection solutions is also growing. In addition, Oracle Communications CloudNative Converged Policy Management has been preferred by BT Group, one of the UK's largest telecommunications and broadband providers to optimize overall network resources as well as accelerate deployment of new 5G capabilities. The solution will allow BT to test and launch 5G services on EE's Mobile Network, including live streaming and zeroed in content of 5G at the same time.

Germany to hold significant market share

• Germany is a very important country in Europe. It is likely that cable management systems will be required. grow in view of the strengthening of EU policies, rising energy consumption and a growing number of production lines along with additional construction activities. The UNECE report stated that, over the past decade, Germany's construction industry has grown to six percent of GDP in 2022, with a growth rate of 5.8% per year.
• Last year, according to the statistics bureau of Bundesamt, almost 129,000 dwellings and nearly 29,000 notified building permits have been granted in Germany. For both of these structures, the number of permits has been higher than in previous years. The demand for cable management will increase as a result of this increase in construction activity.
• Companies are increasingly entering into long term contracts to supply cables as demand for underground cable projects for power supply increases. In particular, in May 2022, NKT completed preparations to install the power link systems of both SuedLink and SuedOstlink projects in Germany. The supplier has signed contracts with three local subcontractors that will support the upcoming execution of the 525 kV HVDC power cable projects. The cable corridors will help integrate more renewable energy into the grid.
• Furthermore, according to the meanstalten in Berlin, 67% of households are watching television through a cable connection at least one device; whereas for Schleiderswlstein, Holstein, Hamburg, Mecklenburg West Pomerania, 53% of households have been watching TV via a cable connection on multiple devices. Significant growth opportunities are expected on the studied market in the coming years, due to an increasing number of viewers watching television over a cable connection. In Germany, 16.84 million households were connected to cable TV in 2022, as per a report of die medienanstalten.

Europe Cable Management Industry Overview

The Europe cable management market is competitive and moderately fragmented. Some prominent market players are Thomas & Betts Corporation (ABB group), Schneider Electric SE, Legrand SA, HellermannTyton, Marco Cable Management etc. These leading manufacturers have identified potential markets in underdeveloped countries and have started entering those regions.

• July 2022 - HellermannTyton, one of the significant suppliers of products for fastening, identifying, fixing, and protecting cables and their connecting components, has expanded its FCT convoluted tubing range. Its latest FCT UV is Used to route and protect electrical connections, which are designed to withstand increased levels of UV exposure an improved UV-resistant conduit
• May 2022 - The USD 1 billion Celtic Interconnector project, which will allow electricity to be exchanged using a subsea cable across the Irish Sea with France, has been given planning permission by AN BORD Pleanla. The power cable will run across the undersea for 575km between the Brittany coast, northern France, and the Cork coast.

Europe Cable Management Market Leaders

Europe Cable Management Market News

• August 2022 - HellermannTytonh has announced the launch of Hela DoubleGuardSruglit Conduit. The twopiece solution is composed of one rigid tube that attaches to the other and wraps itself in a bundle of cables or wires. This means that, in addition to the wires which are already connected at one end, flexible corrugated protection can be added.
• May 2022 - Nexans was awarded a For the next 4 years, a contract to provide Enedis with medium voltage power distribution services and cables worth USD 100 million. The agreement will strengthen Nexans' position as a long term partner of Enedis in France and make it an important player with regard to sustainable electrification. This contract includes an additional quantity of EDRMAX cables, mainly used for connecting inland wind and solar farms to the network, in line with the continued development of renewable energies in France.