The new report by Expert Market Research titled, ‘Global FRP Cable Tray Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global FRP cable tray market, assessing the market based on its segments like type, application, and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@
https://www.expertmarketresearch.com/reports/frp-cable-tray-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 7%
Forecast Market Size (2026): USD 417 million
The market for FRP cable tray has seen substantial growth due to factors such as increasing energy demand. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the FRP cable tray market. However, the damage caused by coronavirus has suspended operations in various industries around the world. The global economy has been adversely impacted by the halt in production and processing facilities. Constraints in capital spending and new projects in the oil and gas, manufacturing, chemicals, and other industries would limit demand for FRP cable trays, thus hindering market growth during the pandemic. Whereas the surging demand for electricity around the world is expected to have a great effect on the market for FRP cable trays. The rising creation of new generation, distribution and transmission networks would strengthen the market’s healthy growth.
Industry Definition and Major Segments
Fiberglass reinforced plastic (FRP) cable trays are manufactured in various types to withhold a bulk bunch of wires and cables laid in different structures in order to maintain the operational safety and aesthetic appeal of the location. Different raw materials, including titanium, steel, and reinforced plastic, are processed for the products.
Explore the full report with the table of contents@
https://www.expertmarketresearch.com/reports/frp-cable-tray-market
Based on the type, the industry is divided into:
Ladder
Channel
Others
Based on the application, the industry is divided into:
Construction
Power
Oil and Gas
Chemical
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Geographically, due to rapid urbanisation and industrialisation, the size of the market in the Asia Pacific is expected to lead the global market during the forecast period. Increasing government funding for the construction of chemical infrastructures and plants will help support business development. Inflated demand for hydrocarbons is expected to stimulate prospects for the regional market. Due to the growing trend for renewable power generation, Europe is expected to experience a high growth rate. High hydrocarbon production in offshore locations such as the North Sea is expected to boost the regional market. In addition, growing residential and commercial building construction will further promote the demand in Europe. The imposition by the European Union of stringent rules for improving efficiency would increase the market for FRP cable in Europe. The rising inclination towards green technologies such as hydro, wind, and solar would facilitate the adoption of FRP products. For instance, in September 2020, the U.S. Energy Information Administration (EIA) forecast that the global energy demand will escalate by 50 percent by 2050 with the total intake in residential and commercial buildings increasing from 91 quadrillion British thermal units (Btu) to 139 Btu. Besides, the booming oil and gas industry is expected to uplift the market in the forthcoming years.
Key Market Players
The major players in the market are Sintex Group, I Ercon Composites, Oglaend System Group, MP Husky, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Global Vector Network Analyser Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zCs
Global Silicon Photonics Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zCu
Global Hydrogen Electrolyser Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zCw
Global Absorption Chillers Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zCx
Global Arc Welding Equipment Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zD0
Global Lighting Market Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zD1
Global Laptop Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zD2
India Electric Motor Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zD3
Global Induction Motor Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zD4
Global Cable Accessories Market Report and Forecast 2021-2026 by Expert Market Research: https://bityl.co/5zD5
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com