Cable Trays and Ladders holds a significant market share in the Saudi Arabia Plastic Cable Management Solutions Market- 6W research
Saudi Arabia Plastic Cable Management Solution Market is currently in the growth stage of the industry life cycle and is expected to grow at a significant pace in the coming years owing to the government’s initiatives to shift towards non-oil sectors. Furthermore, the Saudi Arabia Plastic Cable Management Solutions industry is highly competitive owing to the presence of several established players in the country with robust sales and import networks. Some other notable players in the KSA market include ABB and Unitech (IKK). Others include EATON Tripp Lite (Saudi Arabia), Schneider Electric, and Fas Al Jazeera United Factory Corporation, etc.
According to 6wresearch, the Saudi Arabia Plastic Cable Management Solutions Market revenue size is projected to grow at a CAGR of 7.1% during 2022-2028. The market has been propelling on the back of growing demand for electricity and rapidly growing construction industry. Moreover, rise in government’s investments in the construction sector along with the expansion of power transmission and distribution system across Saudi Arabia to enhance energy and power, manufacturing, real estate, and transportation industry, coupled with the focus on renewable energy to diversify the oil-based economy would drive the demand for plastic cable management solutions in the forecast period.
According to Ravi Bhandari, Research Head, 6Wresearch, Overhead cable management solutions accounted for a major share in the Saudi Arabia plastic cable management solutions market owing to their wide application across all the mega projects in the country that includes constructions of new commercial office buildings, data centres, metro station, railway stations, airports, and other infrastructure development projects.
Oil and Gas sector acquires the largest share in overall revenues of the plastic cable management solutions market owing to widespread applicability of cable management in indoor and outdoor wiring systems for managing electrical infrastructure in Oil and gas industry.
“Saudi Arabia Plastic Cable Management Solutions Market (2022-2028)” report provides an in-depth analysis with 18 figures and 7 tables, covered in 73 pages. Saudi Arabia plastic cable management solutions market report comprehensively covers the market by types, applications, and end-users. Saudi Arabia plastic cable management solutions market report provides an unbiased and detailed analysis of the market’s ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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