Global Cable Conduit Systems Market 2017-2021
About Cable Conduit Systems
The cable conduit systems form a subset of the cable management systems used for protection and routing of electrical wires/cables. These are tubular structures designed to carry wires and cables. The conduit system comprises tubing (conduit) and the required fitting components such as elbows, clamps, connectors, and others. It can be made up of metal, plastic, or fiber. It offers several competitive advantages over conventional wiring systems such as simpler and safer wirings, permits easier and frequent alterations in the wiring system, and provides protection even in damp and hazardous locations.
Technavio’s analysts forecast the global cable conduit systems market to grow at a CAGR of 11.4% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cable conduit systems market for 2017-2021. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the global cable conduit systems market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cable Conduit Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global cable conduit systems market: Aliaxis, Atkore International, Calpipe Industries, HellermannTyton, and Thomas & Betts.
Other Prominent Vendors in the market are: Legrand, Schneider Electric, Hubbell, Eaton, Dura-Line, igus, Robroy Industries, Electri-Flex, and Prime Conduit.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is bolt-on acquisitions to gain market share. The evolution of the safety regulations for cable management systems in the emerging markets is expected to drive the expansion of the organized segment. This will help in consolidation of the market, with stepped up M&A activities. All the top vendors in the cable conduit market have achieved their respective market shares through inorganic growth. For instance, Atkore International strengthened its position in PCV conduit through a series of acquisitions, including American Pipe & Plastics (2014), Heritage Plastics (2013) and Ridgeline Manufacturing (2013). Aliaxis expanded to the Australian PVC conduit market by acquiring Vinidex, a leading Australian manufacturer of PVC and polyethylene piping systems in 2014.”
According to the report, one driver in market is expansion of construction industry. The cable conduit market has registered a steady growth predominantly owing to the continued expansion of the construction industry, particularly in emerging countries. As per Technavio estimates, the construction industry will generate $800 million of revenue for the cable conduit systems during the forecast period. The high demand for better infrastructure provides opportunities for cable conduit systems. Technavio estimates the global construction industry to grow at a higher rate as compared with the global GDP during the forecast period, driven by the recovery of developed countries from economic instability and rapid industrialization of emerging countries.
Further, the report states that one challenge in market is high installation costs. Cable conduit systems cost higher than all other wiring methods, which limit their growth prospect to an extent. The installation is complex and requires highly skilled labors as compared to other wiring systems. This increases the labor costs. Additionally, the volatility in the prices of raw materials such as plastic, steel, and aluminum is also pushing up the costs. Metal conduits are costly due to the high prices of steel and aluminum.
Aliaxis, Atkore International, Calpipe Industries, HellermannTyton, Thomas & Betts, Legrand, Schneider Electric, Hubbell, Eaton, Dura-Line, igus, Robroy Industries, Electri-Flex, Prime Conduit.
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