Global Cable Conduit Systems Market 2017-2021
Overview of the global cable conduit systems market
The global cable conduit systems market is anticipated to grow rapidly and will post a CAGR of more than 11% during the forecast period. The demand for increased safety and protection of wiring in commercial and industrial applications will drive the growth prospects for the global cable conduit systems market in the coming years. One of the major factors that compel the use of safe cable management systems is the rising number of regulations in terms of electrical safety and standards, particularly in advanced economies. Also, conduits represent the safest wiring system since they protect the internal wiring from various factors such as moisture, chemical vapors, insulation to accidental damage, and from further impact, whereas, flexible metal conduit conduits are liquid-tight that allows them to be waterproof or submersible. Moreover, metal conduits are used to prevent the emission of electromagnetic interference from the enclosed power cables. Furthermore, halogen-free and green conduit systems can be installed in various food, healthcare and highly sophisticated facilities to inhibit bacteria growth.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market’s growth in the region is the key revenue contribution from North America owing to the increasing demand and utilization of efficient cable management products. Also, the growth is driven by the technological advancements and product innovations undertaken to provide advanced cable protector systems, which offers increased protection and efficiency. Also, the increasing need for up gradation and maintenance of the network infrastructure will further drive the market’s growth in the Americas.
Competitive landscape and key vendors
The global cable conduit systems market is highly fragmented in nature due to the presence of a large number of players, both organized and unorganized, operating in the market. These vendors are increasingly partnering with local players to extend their geographical reach and expand the customer base. Since local players in the unorganized market can provide cable conduits at a lower price, the international players find it difficult to gain a strong foothold in the emerging markets.
Key vendors in this market are -
- Atkore International
- Calpipe Industries
- Thomas & Betts
Other prominent vendors in the market include Legrand, Schneider Electric, Hubbell, Eaton, Dura-Line, igus, Robroy Industries, Electri-Flex, and Prime Conduit.
Segmentation by product and analysis of the cable conduit systems market
- Rigid metallic
- Rigid non-metallic
- Flexible metallic
- Flexible non-metallic
The rigid non-metallic conduit segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. The low cost, ease of installation, and a wide variety of applications make the rigid non-metallic conduits the largest product segment of cable conduit systems.
Segmentation by end user and analysis of the cable conduit systems market
- Commercial construction
- IT and telecommunication
The commercial construction segment accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. The continued growth of the commercial infrastructure sector is driving the demand for cable conduit systems.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global cable conduit systems market?
- What are the key market trends impacting the growth of the global cable conduit systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global cable conduit systems market?
- What are the market opportunities and threats faced by the vendors in the global cable conduit systems market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global cable conduit systems market?
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