The Global Cable Conduit Systems Market size is expected to reach $9.1 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
A cable conduit system refers to a network of tubes that protects and routes electrical cables through structures, allowing electricity and low-voltage communication to flow freely. It has a tubular structure that can be stiff or flexible, and it can be made of metals (stainless steel, galvanized steel, or aluminum) or non-metals.
The cable conduit system is defined as an electrical piping system comprised of plastic, metal, & fiber and used to protect and route electrical wiring in buildings. The adoption of a cable conduit system has made frequent changes to a building's wiring system safer and easier. Internal wiring is well protected by the cable conduit system against moisture, chemical vapors, fire, and explosion. Moreover, the market for cable conduit systems is mostly driven by a massive rise in construction activities around the world and the requirement for greater wire system safety and protection in the residential, commercial, and industrial sectors.
Some of the growth catalysts for the market are the growing utilization of submersible electric conduits, liquid-tight conduits, & fire-resistant conduits, and rising urbanization in developing economies leading to a rise in construction projects. Moreover, the rising deployment of cable conduit systems in renewable energy generating projects would create lucrative opportunities for the industry players. However, one of the barriers to the growth of the overall cable conduit systems market is a complicated installation process.
The outbreak of the COVID-19 pandemic has had a tremendous impact on the electronics and semiconductor industries. Due to a rise in the number of COVID-19 cases, business and industrial facilities in several nations have been closed, and are anticipated to stay closed in the first quarter of 2022. Moreover, the partial or total lockdown has affected the worldwide supply chain, making it difficult for manufacturers to reach their customers. The COVID-19 pandemic is wreaking havoc on society and the global economy. The impact of this pandemic is expanding by the day, and it is harming worldwide business. The crisis is causing instability in the stock market, which is leading to a drop in corporate confidence, a major slowdown in supply chains, and an increase in customer concern.
The demand for more bandwidth is increasing, resulting in increased infrastructure requirements. In addition, studies show that the demand for increased bandwidth in North America and Europe is currently enormous and is anticipated to grow even more in the near future. Additionally, as the number of subscribers grows, so does the number of devices connected to the networks, as well as the number of data-dense services that can be delivered through the networks. Higher bandwidths are required as a result of these variables. It is also long-lasting and can be utilized for a long time. Moreover, the cable conduit protects the insulation from inadvertent damage.
Galvanized steel, steel, PVC, and aluminum are among the materials used to make cable conduit systems. When compared to steel conduit systems, PVC and aluminum conduit systems have a variety of advantages, including lightweight, inexpensive, high durability, and ease of installation. As a result, consumers prefer low-cost PVC and aluminum cable conduit systems to other types of cabling. Moreover, the advent of flexible cable conduit systems would help the market to grow more. For industrial and commercial purposes, flexible cable conduit systems are the most suited type of conduit system. Depending on the construction design, these conduit systems are simple to install because they do not require bending.
The cost of installing a cable conduit system is enormous. When compared to other forms of wiring systems, cable conduit systems require much more material for an installation. In addition, cable conduit systems necessitate highly trained workers, which are rarely necessary for installing cleat, casing, capping, and batten wiring. Moreover, the low availability of these workers in some countries creates uncertainty for the demand. Despite the fact that conduit systems are made of less expensive materials such as composites and PVC, the installation costs are significant. Moreover, changing electrical systems comes with a number of difficulties. The installation of a cable conduit system is complicated, and it takes more time.
Based on Type, the market is segmented into Rigid and Flexible. In 2020, the Rigid segment procured the largest revenue share of the Cable Conduit Systems Market. This is because rigid conduits defend against physical damage as well as environmental elements like water and dirt. They also aid in the organization of cables of various sizes and sorts. A Rigid Cable Conduit System refers to a cable management system that protects and routes cables using rigid tubes. Metal or plastic are commonly employed in these systems, which can be used both indoors and outdoors.
Based on End User, the market is segmented into IT & Telecommunication, Energy, Healthcare, Manufacturing, Commercial Construction and Others. The Commercial Construction segment acquired a significant revenue share of the Cable Conduit Systems Market in 2020. This is because cable Conduit Systems provides the commercial space with a cleaner appearance. This aids in client attraction as well as business effectiveness. In a commercial building, cable conduit systems are widely used. The systems aid in the protection and organization of cables, minimizing the risk of accidents. Moreover, they make it simple to detect and troubleshoot any cable issues. Furthermore, in commercial and industrial applications, there is a growing desire for safer and more secure wiring solutions. Compressive strength and resistance of conduits are important features, especially in the manufacturing and crafts industries. In public locations such as airports, train stations, and hotel facilities, circuit integrity in the event of a fire and the prevention of toxic smoke or gas are top priorities.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 5.9 Billion |
| Market size forecast in 2027 | USD 9.1 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 6.9% from 2021 to 2027 |
| Number of Pages | 171 |
| Number of Tables | 283 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, North America emerged as the dominating region in the overall Cable Conduit Systems Market by acquiring the biggest revenue share. Moreover, the regional market is expected to unfold a similar kind of trend even during the forecasting period. This is because of the on-going construction activities at a mass scale, and the high demand for flexible cable conduits.
Free Valuable Insights: Global Cable Conduit Systems Market size to reach USD 9.1 Billion by 2027
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Schneider Electric SE and ABB Group are the forerunners in the Cable Conduit Systems Market. Companies such as Eaton Corporation PLC, Atkore, Inc., Dura Line ltd. are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eaton Corporation PLC, Hubbell Incorporated, Legrand S.A., Schneider Electric SE, ABB Group, Atkore, Inc., Igus GmbH, S&C Electric Company, Champion Fiberglass, Inc., and Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
By Type
By End User
By Geography
Companies Profiled
The cable conduit systems market size is projected to reach USD 9.1 billion by 2027.
Increasing needs for bandwidth are driving the market in coming years, however, cable conduit systems require a massive cost of installation and modification limited the growth of the market.
Eaton Corporation PLC, Hubbell Incorporated, Legrand S.A., Schneider Electric SE, ABB Group, Atkore, Inc., Igus GmbH, S&C Electric Company, Champion Fiberglass, Inc., and Dura Line ltd. (Orbia Advance Corporation, S.A.B. de C.V.)
The expected CAGR of the cable conduit systems market is 6.9% from 2021 to 2027.
The IT & Telecommunication segment has acquired maximum revenue share in the Global Cable Conduit Systems Market by End User 2020, thereby, achieving a market value of $2.8 billion by 2027.
The North America is the fastest grow region in the Global Cable Conduit Systems Market by Region 2020, and would continue to be a dominant market till 2027.
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