Report Code: A09650 | Pages: NA | Mar 2023 | 1790 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Wiring Duct Market
Request Now !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.Â
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:
Segments | Subsegments |
Type |
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End users |
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Key benefits of the report:
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Application, End User, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, and Middle East, and Africa)Â |
Companies covered | 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 |
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Questions answered in the Wiring DuctMarket research report:
Wiring Duct Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Industry Vertical |
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By Region |
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Key Market Players | Atkore International Inc., Legrand SA, Schneider Electric SE, ABB Ltd., Aliaxis Group, Mitsubishi International Corporation, Eaton Corporation PLC, Robroy Industries, Anamet Electrical Inc., Barton Engineers Ltd. |
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