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Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Additionally, tried and tested efforts have led to innovations in splice closures that support cable diameters and joint dimensions. Thus, the pervasively growing IT & telecom sector is propelling the demand for heat shrink closures. As such, heat shrink tubes type segment is projected to reach a value of ~US$ 450 Mn by 2027.

Moreover, various companies are collaborating to develop reliable wiring solutions for in flight entertainment systems.įurthermore, companies operating in the cable management accessories market are developing heat shrink closures that enhance network performance. They are focusing on weight savings for performance gains.

Thus, manufacturers in the cable management accessories market are increasing the production of customized and precision parts that cater to the needs of engineers in the aerospace industry. Manufacturers in the cable management accessories market are leveraging new opportunities in the aerospace industry, since there is a growing demand for weight-reducing materials in the aerospace industry. Growing Demand for Cable Management Accessories in Aerospace and IT Sectors Thus, tubular cable lugs are a time and energy-efficient alternative in ultrasonic crimping processes. Tubular cable lugs ensure stability in high-frequency energy consumption for ultrasonic crimping processes. These cable lugs are a novel introduction in the production of electrical drives in the cable management accessories market landscape. Tubular cable lugs are being increasingly used in the ultrasonic crimping process. Moreover, there is a steady demand for quality electrical infrastructure that supports electricity demands in the future. This trend has fueled the demand for cable management accessories, since electricity demand is projected to grow two-fold with increased urbanization. Developing economies of Asia Pacific, such as India, are targeted for growth, owing to the booming infrastructure sector in these countries. Companies in the cable management accessories market landscape are developing cable lugs that offer best crimp connections with various crimping tool sets.ĭemand for Tubular Cable Lugs to Generate Incremental OpportunitiesĪmongst regions, the cable management accessories market in Asia Pacific and North America is likely to experience exponential growth during the forecast period. For instance, Weidmuller – a provider of industrial solutions, excels in the production of multi-purpose cable lugs that comply with global standards of DIN and UL. Hence, manufacturers are increasing production capabilities of cable lugs that meet international standards. In terms of value, cable lugs type segment of the cable management accessories market is expected to reach a value of ~US$ 1.6 Bn by 2027.
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Get PDF sample for Industrial Insights and business Intelligence Thus, end users are increasingly benefitting from the advantageous attributes of cable lugs.

Manufacturers in the cable management accessories market are competing to develop insulated and non-insulated cable lugs that guarantee consistent electrical connection in various applications. This has led to the development of efficacious cable lugs. Stakeholders in the manufacturing domain are increasingly investing in high-end cable management systems to maintain efficient electrical services in organizations. Cable management accessories are a mandate in most industrial applications to ensure high productivity and avoid financial losses.
