According to the latest report by IMARC Group, title “Cable Conduit Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global cable conduit systems market reached a value of US$ 6.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.62 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Cable conduit systems are generally manufactured by using metallic or polyvinyl chloride (PVC) materials that provide excellent protection against dirt and dampness. They are used in machinery and plant construction, wherein superior tensile strength, flame-retardant, mechanical impact and abrasion resistance, etc., are needed. Presently, the key market players are offering a comprehensive range of cable conduit systems that are self-extinguishing and safeguard from corrosion and ultraviolet (UV) radiation. As such, these systems find extensive applications in various end-user industries, including IT and telecommunication, healthcare, energy, etc.
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Cable Conduit Systems Market Trends:
The growing utilization of household electronic appliances is primarily driving the cable conduit systems market. Additionally, the increasing number of housing projects, on account of the inflating income levels of individuals, is augmenting the electrical installation of cabling and associated devices, such as switches, sockets, light fittings, distribution boards, etc., in a structure. This, in turn, is catalyzing the market growth. Moreover, the implementation of several stringent fire safety regulations by government bodies across the countries for public buildings is acting as another significant growth-inducing factor. Besides this, the rising popularity of smart protection systems for enhancing the mobility and safety of vehicles and the widespread adoption of convenient means of transportation are also positively influencing the global market. Furthermore, the leading manufacturers are introducing protective hoses and corrugated conduits with innovative properties to protect valuable cables against unfavorable external influences in automobiles, which is anticipated to fuel the cable conduit systems market over the forecasted period.
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Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Rigid Cable Conduit Systems
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- Metallic
- Non-metallic
- Flexible Cable Conduit Systems
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- Metallic
- Non-metallic
Breakup by End User:
- Manufacturing
- Commercial Construction
- IT and Telecommunication
- Healthcare
- Energy
- Others
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are ABB Ltd., Atkore International Inc., Cantex Inc. (Mitsubishi Corporation), Champion Fiberglass Inc., Dura-Line Corporation (Orbia), Eaton Corporation PLC, Electri-Flex Company, Hubbell Incorporated, igus GmbH, Legrand and Schneider Electric SE.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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