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Key Companies Covered in FRP Cable Tray Market Research Report Are Øglænd System Group (Norway), Aeron Composite Private Limited (India), Legrand (France), Sintex Plastics Technology Limited (India), Schneider Electric (France), FiberTech Composite Pvt. Ltd. (India), Ercon Composites (India), Eaton Corporation (Ireland), MP Husky Cable Tray & Cable Bus (U.S.), Sai Industries (India), Atkore International (U.S.), Sonal Group (India).
Latest launched research on Global FRP Cable Tray Market 2022, it provides detailed analysis with presentable graphs, charts and tables. This report covers an in depth study of the FRP Cable Tray Market size, growth, and share, trends, consumption, segments, application and Forecast 2030. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global FRP Cable Tray Market.
The global FRP cable tray market size stood at USD 253.48 million in 2019 and is projected to reach USD 445.63 million by 2027, exhibiting a CAGR of 7.7% during the forecast period.
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In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
We analysed industry trends in the context of COVID-19. We analysed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyse the impact of COVID-19 on various regions and major countries. The impact of COVID-19 on the future development of the industry is pointed out.
Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery. Request Sample Copy
Years Considered to Estimate the Market Size:
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Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2027).
Major Key players profiled in the report include:
February 2018: Ercon Composites signed in an agreement to deliver its complete range of GRP cable management systems to a desalination plant in Oman. The products include GRP fasteners and others
Ever-increasing Energy Demand to Spur Sales Opportunities
The surging power demand around the world is expected to have an excellent impact on the FRP cable tray market. The growing development of new generation, distribution, and transmission networks will bolster the healthy growth of the market. The rising inclination towards green technologies such as hydro, wind, and solar will facilitate the adoption of FRP products. For instance, in September 2020, the U.S. Energy Information Administration (EIA) estimated that the global energy consumption will escalate by 50% by 2050 with the total intake in residential and commercial buildings rising from 91 quadrillion British thermal units (Btu) to 139 Btu. Besides, the flourishing oil and gas industry is expected to uplift the market in the forthcoming years.
Halt on New Projects to Adversely Affect Market Stake Amid Coronavirus
The disruption caused by coronavirus has suspended operations in various industries around the world. The halt on manufacturing and processing facilities has negatively impacted the global market. The constriction on capital investment and new projects in oil and gas, construction, chemicals, and other industries will limit the demand for FRP cable trays, in turn, retarding the growth of the market during the pandemic.
The report shares key insights on:
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Detailed TOC of Global FRP Cable Tray Market Report 2022
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