Sri Lanka And Bangladesh Cable Tray And ELPS Market (2021-27)
Markets Covered For Cable Trays (By Material Types (Steel Cable Tray, Aluminium Cable Tray, Stainless Cable Tray, FRP Cable Tray), By Types (Ladder Cable Tray, Trough & Perforated Cable Tray, Solid Cable Tray, Single Rail Cable Tray, Channel Rail Cable Tray, Wire Mesh Cable Tray), By Thickness (Below 1.5 Mm, 1.5-2.5 Mm, Above 2.5 Mm), By Applications (Power Utilities, Industrial, Construction, Others (IT, Telecommunication))), And ELPS (By Types (Earthing System, Lightning Protection System (Lightning Rod System, Lightning Rod With Taut Wire System, Lightning Rod With Meshed Cage System)), By Types (Ladder Cable Tray, Trough & Perforated Cable Tray, Solid Cable Tray, Single Rail Cable Tray, Channel Rail Cable Tray), By Applications (Residential, Commercial, Industrial), By Regions (Sri Lanka (Northern, Southern, Eastern, Western), Bangladesh (Northern, Southern, Eastern, Western)))
According to 6Wresearch, Sri Lanka and Bangladesh Cable Tray and ELPS Market size is projected to grow at CAGR of 8.0% during 2021-27. On account of increasing construction activity, expanding industrial sector, and scaling up of renewable energy sector in the countries. Bangladesh acquired the highest revenue share for the year 2020 on account of the government’s focus on infrastructural development projects such as Hazrat Shahjalal International Airport Expansion, Moheshkhali LNG Terminal. Sri Lanka’s market is also expected to register a decent growth rate in the forecast years due to the rising industrial and commercial sector on account of developmental projects such as the development of Port City Colombo, development of the pharmaceutical manufacturing zone in Habantota, etc.
Growing manufacturing sector, strengthening construction sector and expanding power utilities sector are the key factors driving the demand for cable tray and ELPS market in Sri Lanka & Bangladesh. Further, rising awareness among employers towards employee’s workplace safety is also augmenting the demand for the product in commercial establishments for both the countries.
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Market Analysis by Material Type
Among all cable tray material types, steel cable tray captured the largest market revenue share in 2020 and is expected to register maximum growth in future years.
Key Highlights of the Report
Sri Lanka and Bangladesh Cable Tray and ELPS Market Overview
Sri Lanka and Bangladesh Cable Tray and ELPS Market Outlook
Sri Lanka and Bangladesh Cable Tray and ELPS Market Forecast
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Drivers and Restraints
Sri Lanka and Bangladesh Cable Tray and ELPS Market Trends and Industry Life Cycle
Sri Lanka and Bangladesh Cable Tray and ELPS Market Share, By Company
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Historical Data and Forecast of Sri Lanka and Bangladesh Cable Tray and ELPS Market Revenues for the Period 2017-2027F
Historical Data and Forecast of Sri Lanka and Bangladesh ELPS Market Revenues, By Types, Applications and Regions for the Period 2017-2027F
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