Power Limited Tray Cable Market Forecast and CAGR
According to latest research by Persistence Market Research, Power Limited Tray Cable Market is set to witness steady growth between 3% and 5% during 2021-2031. Demand for Power Limited Tray Cable will witness steady recovery in short-term, with optimistic growth outlook in the long-run. The market growth is expected to travel a path of revival in upcoming quarters having weathered the recessionary effects of COVID-19 pandemic and its implied curbs on production and supply aspects.
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What Driving Demand for Power Limited Tray Cable Market?
There are a number of tray cables available in the market for varied end-uses and catering to specific sectors however the power limited tray cable, or commonly known as PLTC, is approved for use in Class I and II, division 2 hazardous locations. The cables are rated for usage in voltages of 300V and 105?Cin designated tray or raceway applications. The cable serves a wide range of industrial applications from light duty usage to the heavy duty projects. They are beneficial to a wide range of companies in the service and construction industries.
They can be used in dry, snowy, wet, outdoor, and indoor settings, shielded or unshielded, due to their versatility and durability. Apart from the usage of these machine in industrial control applications, they are also used in petrochemical refineries, intercom systems, traffic controls relay, power extensions, and other high power functions. The cables can also be used in wind turbine applications that are friendly to the climate.
Wide range of application to increase usage of Power Limited Tray Cable
These instrumentation cables may be installed in industrial establishments where the standards of maintenance and supervision ensure that only qualified personnel service the installation because they are available in shielded or unshielded constructions consisting of multiple single conductors, unshielded or shielded twisted pairs, with or without a metal armor.
They can be placed in cable trays, raceways, dangerous places, as an aerial cable on a courier, direct burial where designated for use, under raised floors in rooms containing industrial equipment, or in rooms containing information technology equipment. They can be installed with power, lighting, non-power limited Class 1 circuits, and non-power limited circuits. The cables are also used in petrochemical refineries, power generation, steel, pulp and paper industries, solar industry, factory automation and mining.
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United States and Canada Market Outlook
There are a lot of installation and applications requirements for tray cables concerning their end-use in Canada and the U.S. market. In the country of U.S., NFPA 70 standard, of the National Electrical Code (NEC), recognizes various types of wire and cable products and has laid requirements pertaining their use and installation. The NEC Article 725, Type ITC, is laid for classification of power limited tray cable. In the U.S., cable tray installations are limited only to industrial establishments.
A high level of technological competence in the field of Power Limited Tray Cable, is expected to upheave the production, thus providing momentum for market growth in U.S. In Canada, the CSA Standard C22.1, under the Canadian Electrical Code (CEC) Part I, identifies various types of wire and cable products and has laid requirements pertaining their use and installation. Power tray cables in Canada also include medium voltage power cables and allowed solely for industrial usage. They are inaccessible for public use.
Who are the Key Manufactures and Suppliers of Power Limited Tray Cable?
Some of the leading manufacturers and suppliers include
- Multicable Corporation
- Belden Inc
- Sycor International Inc
- HELUKABEL Canada
- Nexans Deutschland GmbH
- Houston Wire & Cable Co.
- SAB Bröckskes GmbH & Co. KG
- Prysmian Group
- Anixter Inc
- Turck Inc.
The common trends among suppliers is that they have integrated their business by providing services for end-users along with product sales. The services include installation, technical services, field services, and delivering customized requirements for electrical applications. For instance, Anixter Inc, provides technology support services and engineering services for its customers across the globe. Likewise, Prysmian Group provides engineering support services for all power system specifications and requirements.
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