Global Cable Conduit Systems Market Overview:
Cable Conduit Systems Market is expected to garner $7.3 billion by 2022, registering a CAGR of 11.2% during the forecast period 2016 - 2022. Today’s industrial and commercial sectors demand for efficient wiring systems with frequently alterable properties. Better safety and security is a matter of concern during installation of wiring systems. The success of cable management industry depends upon innovating products according to installation and cost convenience. An electrical conduit is advantageous since it results in simpler wiring and is safer, permitting easier and frequent alterations in the wiring system, providing protection even in damp and hazardous locations. Moreover, it is an effective way to protect the wiring system from environmental and other conditions such as chemical vapors, electromagnetic interference, moisture and others.
The cable conduit market exhibits a phenomenal growth owing to increasing expansion of the construction industry and rising adoption of frequently alterable wiring systems in buildings. However, increasing prices of raw materials often prove to be a restraint for the market growth. The cable conduit systems market denotes a promising picture for future growth of efficient cable management. The recent business scenario has witnessed an upsurge in usage of cable conduit systems across commercial and industrial constructions. Companies are now adopting efficient techniques in an effort to provide consumers with innovated and cost-efficient products.
The companies profiled in this report are Atkore International Inc., Thomas & Betts Corporation, Legrand, Schneider Electric, Hubbell Incorporated, AFC Cable Systems, Inc., Calpipe Industries, Inc., Eaton Corporation Plc., Dura-Line Holdings, Inc., igus inc. and Champion Fiberglass, Inc. In order to attain a higher market share and geographic presence, the manufacturers of cable conduit systems are adopting strategies such as acquisition, partnership, expansion and product launch.
The global cable conduit systems market is segmented by type, geography and end user. The cable conduit types comprise rigid and flexible conduits that can be either metallic or non-metallic. Rigid cable conduits contribute a revenue higher than flexible cable conduits. Among rigid conduits, rigid metallic conduits contribute the highest revenue to the cable conduit systems market. However, rigid non-metallic cable conduits are anticipated to exhibit the highest growth rate during the forecast period.
Flexible cable conduits are expected to depict a growth rate faster than rigid cable conduits owing to the ease in installation that they provide. The highest revenue in the flexible conduits market is generated by flexible metallic conduits. However, flexible non-metallic conduits are expected to be the fastest growing market during the forecast period. Flexible non-metallic conduits are made of materials cheaper than its metallic counterpart.
The end user segment consists of manufacturing, commercial construction, IT and telecommunication, healthcare, energy and others (government, residential segment, intelligent transportation systems). In the year 2015, the manufacturing sector garnered the highest revenue in cable conduit systems market. On the other hand, IT and telecommunication sector is predicted to be the fastest growing market in the cable conduits market.
The geographic regions considered in the report are North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). In 2015, North America generated the highest revenue in the market. However, Asia-Pacific is expected to be the dominating region for cable conduit systems over the forecast period.
Top factors impacting world cable conduit systems market
Demand for highly secure and safe systems
There is a growing demand for safer and more secure wiring systems in buildings either commercial or residential ones. Conduit systems addresses this demand by providing the necessary safety and protection to the wiring from various external interferences and exposures to flammable gases.
Moreover, when properly installed with sealed fittings, the conduits ensure safety from volatile substances. In commercial buildings, the conduit is submersed into concrete directly for precautionary measures and better safety for dealing with high power consumption. In the futures, this demand will increase to a certain extent for the sake of attaining precautionary measures and enhanced safety concerns.
Frequent alterations of wiring systems
The growth of frequently altered wiring systems in buildings acts as a driving force of global cable conduit systems market. Electrical conduit makes it simpler and safer to frequently yet smoothly render changes in wiring, owing to the easy replacement of conductors with very low disruption. Thus, the conduit system protects the wiring replacements from moisture, chemical vapors, flammable gases, electromagnetic interruption and many more external discrepancies. In the near future, owing to the advent of the latest technologies, it’s expected that there will be very little need to alter the wiring systems at a lower frequency.
Innovation and technology advancements
A conduit system is now being made waterproof for providing enhanced waterproof shockproof protection. There is an increasing need to develop the latest specialized equipment for encasing and routing the conduit. Moreover, adoption rate of underground conduits is increasing in the commercial sector. The usage of PVC, polystyrene or polyethylene plastics in conduits for direct burial is now increasing as compared to its metal counterparts owing to the ease of installation, lower cost and better corrosion resistance properties. In the coming future, there will be more of such advancements and innovations.
- This study comprises analytical depiction of the global cable conduit systems market with the current trends and future estimation scenarios to depict the investment pockets.
- Determination of the overall market potential and to understand the profitable trends for attaining a stronger coverage
- The report highlights information regarding key drivers, restraints and opportunities with a detailed impact analysis.
- The current market trends are quantitatively analyzed and forecast for 2015‐2022 period, which have been provided to highlight the financial competency of the market.
- Porter’s Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers.
- Value chain analysis provides a clear understanding of the roles of stakeholders involved.
CABLE CONDUIT SYSTEMS MARKET SEGMENT
The market for world cable conduit systems is segmented as:
Cable Conduit Systems Market - By Type
- Rigid Cable Conduit System
- Flexible Cable Conduit System
Cable Conduit Systems Market - By End Use
- Commercial construction
- IT & Telecommunication
- Others (government, residential construction, intelligent transportation systems, mining and marine)
Cable Conduit Systems Market - By Geography
- North America
- Asia Pacific