The global cable tray market size was estimated at $4.13bn in 2022 and is anticipated to grow from $4.81bn in 2023 to $12.7 by 2030, exhibiting a CAGR of 14.05 percent during the forecast period. The growth is attributed to the upsurge in infrastructure and construction industry in developing economies like India, Brazil and China. As the infrastructure sector has been expanding at a significant rate, the demand for electrical and communication wiring systems is on the rise resulting in the increasing need for cable trays.
However, in India, despite the remarkable growth trajectory of industries like telecommunication and construction creating huge market demand for cable tray systems, the lack of stringent framework for quality compliance accounts for the unorganised state of the Indian cable tray market.
As a result, consumers tend to opt for cable trays of inferior quality at cheap rates for it helps them reduce costs while being completely unaware of the impending hazards due to corrosion and other threatening factors. This is where Globe Electrical Industries steps in to offer durable cable trays systems at competitive pricing meeting the technical requirements of the projects.
Located in the TTC industrial area of MIDC, the eminent industrial hub of Maharashtra, Globe Electrical Industries offers customised and optimized cable management solutions to their clients for better site installations.
Since its inception in 1972, the company has continually upgraded itself and expanded into comprehensive manufacturing establishment with two state-of-art manufacturing plants with testing facilities.
Array of Products
Globe Electrical Industries offers complete range of Metallic Cable Tray Systems - Perforated Cable Trays, Ladder Cable Trays, Raceways, Trunkings, Instrumentation Cable Ducts and their fittings, Cable Tray Support Systems using Strut Channels, Air Insulated Busduct Systems, and Earthing Materials. The manufacturing facilities in Navi Mumbai are equipped with advanced machineries for fabrication, assembly shop, hot dip galvanizing plant and testing facilities. Cable Tray Systems are offered in Mild Steel - Hot-dip Galvanized/Powder Coated, Aluminium – Self-finish/Anodized and Stainless Steel. The raw materials are procured from main producers such as JSW, AMNS, TATA, Hindalco, Jindal, Jindal Stainless.
Globe Electrical Industries have their product installations in diverse range of Industrial projects including Thermal Power Stations, Hydro Power Stations, Fertilizer Plants, Ore Benefaction Plants, Petrochemical Plants, Petroleum Refineries, Oil Terminals, Bottling Plants, and more.
Being in the industry for around four decades, Globe has built a robust client base that boasts association with Reliance, Aditya Birla Group, JSW Steel, Arcelor Mittal, Jio, Tata Power, Tata Chemicals, Larsen & Toubro, Bombay Dyeing, Indian Oil Corporation, Siemens, and many more reputed industrial groups.
Globe Electrical offers customised & optimized cable management solutions to their clients for better site installations
Puneet R Gupta, Founder at Globe Electrical Industries states, “What we deeply emphasize on is the enhancement of the lifespan of cable tray systems and the importance of their lifetime cost. The client needs to take the degree of resistance of cable tray systems to corrosion into account and contemplate how it impacts on the maintenance cost regarding the entire facility before deciding on the material. It is our dedicated effort to educate customers on the estimated lifespan of a cable tray system and an optimized system”.
Future Endeavours
Globe Electrical is gearing up to thrive in the changing cable tray industry by leveraging the latest technologies. “We will keep adapting to the latest market changes in order to keep pace with the evolution in the industry. Moreover, we will be constantly upgrading our manufacturing systems to respond to the emerging consumer demands and behaviour”, Puneet concludes.
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