The Latin America, Middle East and Africa Cable Conduit Systems Market would witness market growth of 10.0% CAGR during the forecast period (2021-2027).
Cable conduits are wiring systems that contain electrical power wires and cables in hollow tubing. PVC, aluminum, steel, and fiberglass are used to make these conduits. Underground and overhead wiring systems can both benefit from cable conduits. Rigid metal conduits, intermediate metal conduits, flexible metallic conduits, electrical metal conduits, PVC conduits, and flexible non-metallic conduits are some of the most prevalent types of cable conduits. Cable conduits outperform conventional wiring methods such as casing and capping and batten wire in terms of protection and longevity, increasing demand for these wiring systems.
The spike in demand for highly secure and safe wiring systems, as well as growing commercial construction activities and regular wiring system adjustments, are all acting as growth factors for the cable conduit systems industry. In addition, new innovation and technological improvements in conduit products would create new growth avenues for the market players. However, rising raw material prices, such as steel, plastic, and aluminum, are limiting market expansion.
In the regional market, makers of Cable conduit systems are increasing their research and development efforts in order to provide high-resistance conduit systems. In addition, R&D initiatives produce competitive price options, increased end-user satisfaction with performance, and the usage of sophisticated technologies. Moreover, increasing R&D efforts through collaborations or partnerships aids companies in bringing new and creative items to the regional market.
Moreover, building sales and service operations in emerging markets, as well as long-term agreements with regional distributors, pave the path for channel expansion. Some of the key trends of the regional market are rising urbanization in the BRICS countries, as well as growing infrastructure interest in the Middle East. Further, the growth of population and urbanization in non-industrial countries is persuading governments to focus on various private and industry projects.
The Brazil market dominated the LAMEA Cable Conduit Systems Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $155.1 million by 2027. The Argentina market is poised to grow at a CAGR of 10.6% during (2021 - 2027). Additionally, The UAE market would display a CAGR of 9.7% during (2021 - 2027).
Based on Type, the market is segmented into Rigid and Flexible. Based on End User, the market is segmented into IT & Telecommunication, Energy, Healthcare, Manufacturing, Commercial Construction and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cable Conduit Systems Market is Predict to reach $9.1 Billion by 2027, at a CAGR of 6.9%
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
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Companies Profiled
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