According to the report published by Allied Market Research, the global cable conduit systems market generated $6.13 billion in 2020, and is projected to reach $12.24 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Cable Conduit Systems Market Outlook – 2030
The global cable conduit systems market was valued at $6.13 billion in 2020, and is projected to reach $12.24 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030.
“The commercial construction segment has been negatively impacted by the COVID-19 pandemic outbreak.“
A cable conduit system is a network of tubes that allows electrical wires to be protected and routed through structures, providing a path for power and low-voltage communication. Its structure is mostly tubular, and it can be rigid or flexible, and constructed of metals (stainless steel, galvanized steel, or aluminum) or non-metals.
Significant surge in the commercial constructions activities across the globe, extensive use of use of submersible electric conduits, liquid tight conduits, and conduits providing protection against fire, rapid urbanization around the world, and increase in demand for highly secure & safe wiring system among people are expected to drive the growth of the global cable conduit systems market. On the other hand, complex installation processes are expected to hinder the growth to some extent. However, persistent technological advancements in conduit products are expected to create remarkable opportunities for the growth of the industry.
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Top Impacting Factors
The prominent factors that impact the cable conduit systems market growth include surge in demand for highly secure & safe wiring system, increase in commercial construction activities, and frequent alterations of wiring systems. However, rise in prices of raw materials such as steel, plastic, and aluminum restricts the market growth. On the contrary, new innovation & technology advancements in conduit products are expected to create lucrative opportunities for the market.
Competitive analysis and profiles of the major cable conduit systems market players such as Atkore International Group Inc., S&C Electric, Champion Fiberglass Inc., Dura-Line Holdings Inc., Eaton Corporation Plc., Hubbell Incorporated, Legrand, Schneider Electric, ABB, and Igus Inc. have been covered in the report.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the global cable conduit systems market size along with current trends and future estimations to depict imminent investment pockets.
- The overall cable conduit systems market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current cable conduit systems market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- The Porter’s five forces analysis illustrates the potency of the buyers and the cable conduit systems market share of key vendors.
- The report includes the market trends and the market share of key vendors.
Cable Conduit Systems Market Report Highlights
|By Type||Rigid Cable Conduit SystemsFlexible Cable Conduit Systems|
|By End User||ManufacturingCommercial ConstructionIT & TelecommunicationHealthcareEnergyOthers|
|By Region||North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Rest Of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)|
|By KEY PLAYERS||Atkore International Group Inc.S&C ElectricChampion Fiberglass Inc.Dura-Line Holdings Inc.Eaton Corporation Plc.Hubbell IncorporatedLegrandSchneider ElectricABBIgus Inc.|
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