According to the latest report by IMARC Group, "Global Cable Conduit Systems Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global cable conduit systems market size 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.
Cable Conduit Systems Market Trends and Drivers:
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.
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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.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Cable Conduit Systems Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, type and end user.
Breakup by Type:
- Rigid Cable Conduit Systems
- Metallic
- Non-metallic
- Flexible Cable Conduit Systems
- Metallic
- Non-metallic
Breakup by End User:
- Manufacturing
- Commercial Construction
- IT and Telecommunication
- Healthcare
- Energy
- Others
Breakup by Region:
- 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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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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