The advent of fiber-optic and coaxial cables has brought in rapid digitization across the world, leading to high utilization of wiring and cables in infrastructure as well as equipment. The humongous growth of information technology and the increasing number of enterprises and institutions that employ high-performance cabling has fueled the demand for advanced cable management systems for data and communication applications
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Currently, BRICS countries are witnessing rapid urbanization due to their rising economy. The construction industries in these nations are exhibiting considerable growth, specifically in the residential and commercial sectors. Brazil has recently allotted US$300 bn for the modernization of its ports, power plants, and road networks while, in India, a budget of around US$500 bn has been allocated to be spent on a number of infrastructure projects.
All these developments are likely to increase the need for wiring and cabling in these economies, thereby fueling the demand for cable management systems significantly. Additionally, the growing demand for energy and the continually increasing investments in infrastructure across the world are projected to add significantly to cable management systems’ consumption over the forecast period.