Cable Conduit Systems Market By Type (Rigid Cable Conduit Systems and Flexible Cable Conduit Systems) and End User (Manufacturing, Commercial Construction, IT & Telecommunication, Healthcare, Energy, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
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. A piping or raceway system that protects cables and wires from impact, moisture, and fumes is known as a cable conduit system. It is an electrical wiring channel for either power or communication. A conduit is helpful as it simplifies electrical system and makes it safer, thus providing protection in unsafe and damp environments.
Growth of the global cable conduit systems market is anticipated to be driven by surge in use of submersible electric conduits, liquid tight conduits, and conduits providing protection against fire. In addition, rapid urbanization in developing economies leads to increase in construction projects, which, in turn, drives the overall market growth. However, complex installation process acts as a major restraint of the global cable conduit systems industry. On the contrary, surge in demand for cable conduit systems from renewable power generation projects is expected to create lucrative opportunities for the cable conduit systems market.
The global cable conduit systems market is segmented into type, end user, and region. By type, the market is classified into rigid cable conduit systems, and flexible cable conduit systems. Depending on end user, it is categorized into manufacturing, commercial construction, IT & telecommunication, healthcare, energy, and others.
Region wise, the cable conduit systems market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominated the cable conduit systems Market in 2020, and is projected to register significant growth. However, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA. The key players operating in the market include 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.
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.
KEY MARKET SEGMENTS
Rigid Cable Conduit Systems
Flexible Cable Conduit Systems
BY END USER
IT & Telecommunication
Rest of Europe
Rest Of Asia-Pacific
Atkore International Group Inc.
Champion Fiberglass Inc.
Dura-Line Holdings Inc.
Eaton Corporation Plc
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