Cable Tray Market Share

Market Share of Cable Tray Industry

The cable tray market is fragmented, with numerous competitors and competing technologies that provide intense rivalry among the players. Furthermore, acquisitions and collaborations of large companies with startups are expected, focusing on innovation. Some of the players include Atkore International Group Inc., Legrand SA, Thomas & Betts (ABB), Schneider Electric, and Eaton Corporation.

• January 2024: Panduit, a network and electrical infrastructure solutions player, unveiled its latest innovation: the Wire Basket Cable Tray Routing System. This system is tailored to efficiently handle copper data cables, fiber optics, and power cables in data centers, interlinked buildings, and industrial settings. The Wire Basket features an innovative design and a superior strength-to-weight ratio over its competitors. Notably, it is robust and offers a swift and straightforward installation, making it a cost-effective choice.
• December 2023: The Prysmian Group, a global energy and telecom cable system player, announced a pivotal service level agreement (SLA) with TenneT, the German-Dutch transmission system operator. Under this agreement, Prysmian provides comprehensive nearshore and offshore cable maintenance, inspection, and repair services for TenneT's HVDC and HVAC submarine power cables in the North Sea. This collaboration will see N-Sea providing expertise in surveying, IMR, construction, subsea cable operations, and even UXO identification and disposal.

Cable Tray Market Leaders

1. Atkore International Group Inc.

2. Legrand SA

3. Thomas & Betts (ABB)

4. Schneider Electric

5. Eaton Corporation

*Disclaimer: Major Players sorted in no particular order