Wiring Duct Market

Wiring duct is a technology that routes and conceals wiring in electrical control panels. They protect and organize the installations of the wiring in the electric enclosures as these wiring ducts are rigid trays that are used as raceways. The wiring ducts provide ease in use in the application of wiring systems as it is difficult otherwise due to the materials used in construction of houses and buildings. They also allowremapingof wirings easily. Thus, they find their applications in wires within electric enclosures, raceways for cables, wiring systems in end uses such as construction, industries, housing societies, commercial, and IT. The global wiring ductmarket is experiencing a significant growth, and will grow considerably in next few years.

The global wiring duct market is segmented on the basis of Type, End User. Based on Type, the wiring duct market is divided into Solid Wall Wire Duct, Slotted Wire Duct, and Flexible Wire Duct, and others. On the basis of end user, the market is categorized into Construction, Industrial, Residential, Commercial, IT, and Others and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global Wiring Duct industry include Aliaxis Group, Atkore International, Schneider Electric, Legrand, ABB Ltd, Eaton Corporation, Mitsubishi International Corporation, Fiberglass Champion Inc., Barton Engineers Ltd, Anamet Electrical Inc., and others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.

COVID-19 scenarioAnalysis:

Global wiring ductmarket size has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors.

Global factories have struggled to integrate new wiring ductsas workers have stayed in their homes, which disrupted the global supply chains.

The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for wiring ductsare gradually going to increase. 

This COVID-19 lockdown would help companies think about more advanced wiring ductsto enhance efficiency.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The major driving factor for the growth in the wiring duct market trendis the increasing demand from the construction industry for providing wiring systems in the industries, housing societies and commercial applications. Also, the low development and maintenance cost of the wiring ducts is fueling the market growth further. But, the varying prices of raw materials and the waste management due to the recycling of ducts may hinder the market growth. Moreover, the increasing investments in the infrastructure activities and IT, urbanization, and rise of large organizations are expected to boost the market growth further.

New product launches to flourish the wiring duct market

‘Panduct’- wiring duct which is the premium wire management solution for concealing and routing in electric control panels was launched by Panduit. It was developed to satisfy challenges faced by the customers worldwide. It has the following improved features- distinctive cover designs which insure the duct cover will not slide after installation, integrated nonskid liners, smooth corners and edges, particularly formulated lead free PVC material, scorelines for easy removal of duct fingers and others which helped them flourish the wiring duct market.

Surge in usage in automation and IT industry

The industrial processes need to be upgraded because of the increasing demand for industrial automation. This has led to the growth in construction sector which in turn drives the wiring duct market. A couple of interconnected systems form an industrial automation systems and as these systems are becoming more and more complex, there is surge in the usage of wiring ducts in order to route and protect the wires. Also, due to the growth in IT infrastructure around the world, there is requirement for wiring ducts to reduce complexity in this industry which has further led to surge in its usage.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global wiring ductindustry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global wiring ductmarket share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wiring ductmarket growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global wiring ductmarket analysis based on competitive intensity and how the competition will take shape in coming years.

Market scope and structure analysis:

Questions answered in the Wiring DuctMarket research report:

• Which are the leading market players active in the wiring ductmarket?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the wiring ductmarket forecast?
• What are the projections for the future that would help in taking further strategic steps?

 Wiring Duct Market Report Highlights