Market Challenges And Opportunities

Moreover, cord and cable reels are widely used in various industrial applications such as food and beverages, wastewater treatment, and power distribution, etc. Such diverse applications of cord and cable reels in commercial and industrial sectors is driving the market growth.

Furthermore, the National Electrical Manufacturers Association (NEMA) in U.S., the electrical safety committee, established certain standards under NEMA-3 and NEMA-4, which mandates the adoption of cable reels in industrial applications. These factors are expected to drive demand for cord and cable reels in the industrial sector over the forecast period.

Factors Driving Growth of the Global Cord and Cable Reels Market:

Increasing demand for cord and cable reels in various industrial and commercial applications is fuelling growth of the cord and cable reels market. Rising awareness regarding safety in commercial environment is one of the key factors aiding in growth of cord and cable reels. Cable reels are used in fire safety equipment and trucks. Electric cable reels are used to keep fire apparatus batteries charged. For instance, Hannay Reels Inc. manufactures cable reels which allow continuous current during cable payout and rewind. Companies such as Brennenstuhl GmbH offer building-site cable reels which are specially certified for the requirements and use on building sites. Companies such as Hunter Spring Products offer DuraReel medical cord reels specifically for medical applications. DuraReel medical cord reels are manufactured with an antimicrobial additive to safeguard the cord reel from odor, mildew, and mold. Cavotec offers electrical power and spreader cable reels for ship-to-shore (STS) container cranes. Companies such as HWG offers hot water reels for hot water wash-down in food preparation areas.