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Cable Conduit Market

Cable Conduit Market

Cable Conduit Market Analysis by Type (Rigid, Flexible Cable Conduit), by End User (Energy & Utility, Healthcare, IT & Telecom, Industrial Manufacturing, Residential Construction), by Region - Global Forecast 2022-2032

Cable Conduit Market
FACT7216MR
  • Apr-2022
  • List of Tables : 47
  • List of Figures : 76
  • 170 Pages
  • Technology

Cable Conduit Market Outlook

The global cable conduit market is predicted to rise at a CAGR of 10% during 2022-2032. The cable conduit market is estimated to reach US$ 19.5 Bn by 2032 from US$ 19.5 Bn in 2021.

Data Points

Market Insights

Cable Conduit Market Value (2021)

US$ 6.75 Bn

Estimated Market Value (2022)

US$ 7.5 Bn

Projected Market Value (2032)

US$ 19.5 Bn

Global Market Growth Rate (2022-2032)

10.0%

Market Share of Top 5 Countries

54.5%

Key Market Players

  • Atkore International Inc.
  • Legrand S.A.
  • Schneider Electric SE
  • Thomas & Betts Corporation
  • Aliaxis SA/NV

The sales of cable conduit systems are on the rise due to the surge in demand for highly secure and safe wiring systems, as well as an increase in commercial construction activities and regular wiring system adjustments.

These key trends in cable conduit systems are anticipated to boost the global cable conduit market forward. Furthermore, rising urbanisation in developing economies leads to an increase in construction projects, which is fuelling the demand for cable conduit systems.

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Impact of COVID-19 on the Cable Conduit Systems Industry

Due to the shutdown of manufacturing plants, Asian and European countries under lockdown have lost a significant amount of business and money.

The outbreak of the COVID-19 disease has had a significant impact on production and manufacturing operations, which has hindered the growth of the cable conduit systems and reduced the demand for cable conduit systems.

Furthermore, the COVID-19 pandemic has had an influence on the electronics industry, with production facilities halting, increasing demand for cable conduit systems, electronics, and semiconductor items in these areas. Its main effects include a significant production halt in

Europe and a halt in Chinese parts exports, both of which limit the sales of cable conduit systems and the overall cable conduit market.

Once the economy starts to recover, demand for cable conduit systems and other new and innovative products is projected to increase.

Once client demand for cable conduit systems increases, companies become eager to invest in next-generation products based on innovative technology. This is anticipated to further boost the sales of cable conduit systems during the forecast period.

Sales Analysis of Cable Conduit Market for 2022 to 2032

“Increasing bandwidth demands are likely to propel the global conduit systems market forward throughout the forecast period.”

The demand for more bandwidth is growing, resulting in increased demand for cable conduit systems. According to a 2012 study by Emulex, the demand for increased bandwidth in North America and Europe is currently enormous and is anticipated to propel the sales of cable conduit systems during the forecast period.

Furthermore, as the number of subscribers grows, so does the number of devices linked to the networks, as well as the number of data-dense services that can be delivered through the networks.

Higher bandwidths are required as a result of these factors. Furthermore, the demand for cable conduit systems is predicted to rise around the world, developing the global Cable Conduit Market share.

“Over the forecast period, the global Cable Conduit Market is expected to develop due to the widespread availability of cable conduit systems.”

Galvanized steel, steel, PVC, and aluminium are among the materials used to make cable conduit systems.

When compared to steel conduit systems, PVC and aluminium conduit systems have a variety of advantages, including lightweight, low cost, high durability, and ease of installation. As a result, consumers prefer low-cost PVC and aluminium cable conduit systems to other types of cabling.

Furthermore, the advent of flexible cable conduit systems is another reason driving the sales of cable conduit systems. For industrial and commercial purposes, flexible cable conduit systems are the most suited type of conduit system. As a result, the demand for cable conduit systems is anticipated to rise rapidly.

The sales of cable conduit systems are also on the rise as these conduit systems are simple to install because they do not require bending. As a result, these factors are projected to accelerate the expansion of the global Cable Conduit Market in the near future.

An Adaptive Approach to Modern-day Research Needs

What are the Emerging Trends in the Cable Conduit Market?

The gradual transition from rigid to flexible cable conduit systems can open up significant business opportunities.

Rigid conduit systems are one of the most common conduit systems used to install wiring systems. The main reason for rigid conduit systems' prevalence is their high capacity for protection and availability in a variety of materials.

The market for rigid conduits has become more diverse in terms of cost and application due to the availability of rigid conduit systems composed of various materials. However, inflexible conduit systems have a number of significant drawbacks, including the high cost and difficulty of installing wiring systems, the difficulty of modifying them, and other handling concerns.

Flexible conduits are employed instead in applications where installation space is limited and frequent wiring system adjustments are required.

How are Some Challenges Stifling Cable Conduit Market Growth?

During the forecast period, the global Cable Conduit Market is anticipated to be restrained by high installation and alteration costs.

The cost of installing a cable conduit system is enormous. When compared to other forms of wiring systems, cable conduit systems require much more material for an installation.

Furthermore, cable conduit systems necessitate highly trained work, which is rarely necessary for installing cleat, casing, capping, and batten wiring.

Despite the fact that conduit systems are made of less expensive materials such as composites and PVC, the installation costs are high.

Furthermore, changing cable systems comes with a number of difficulties. As a result, these constraints are projected to limit Cable Conduit Market expansion in the next years.

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Comparative View of Adjacent Cable Conduit Market

Attributes

Cable Conduit Market

Fireproofing Materials Market

 

Rotating Equipment Repair Market

 

CAGR

(2022-2032)

10 %

9.8%

5.3%

Market Value

(2026)

US$ 7.5 Bn

US$ 1.5 Bn

US$ 22.01 Bn

Growth Factor

The surge in demand for highly secure and safe wiring systems, and an increase in commercial construction activities.

A rising demand for fireproofing materials in end-use industries, as well as an increase in the number of fire accidents.

Reducing maintenance, downtime, failures, other plant difficulties, optimizing manufacturing plant in terms of machine performance and overall productivity.

Opportunity

Commercial construction sector and the increased demand for better infrastructure presents lucrative opportunities for cable conduit systems.

People are becoming more aware of the advantages of these coatings and are using them in both renovation and new construction projects.

A growing number of end users are discovering the value of proactive maintenance in terms of cost savings and are opting for it.

Key Trends

Commercial building design which is IoT-ready is becoming more common. A "backhaul" fibre network is frequently required for IoT networks.

The strict legislative framework and industry standards have a significant impact on the fireproofing materials market. As a result, new fireproofing materials are being developed.

There is a developing understanding of how to use data analytics and predictive modelling to detect sudden equipment failure.

Construction projects are on the rise in developing economies due to rising urbanization. As a result, it raises the demand for flexible wiring solutions even more. This factor is driving the sales of cable conduit systems.

The wire and cable sector report also identify the rise of renewable energy sources. One of the key drivers of the electric cable and wire industry is predicted to be this. The sales of cable conduit systems are predicted to grow as a result of this aspect.

However, fluctuating raw material prices, such as steel, plastic, and aluminium, are a major stumbling block to the global cable conduit system market's expansion.

According to the AIA's semi-annual study, the increased demand for cable conduit systems and better infrastructure present lucrative growth opportunities for the cable conduit market.

Furthermore, in commercial and industrial applications, there is a growing desire for safer and more secure wiring solutions. Compressive strength and resistance of conduits are important features, especially in the manufacturing and crafts industries. Wired connections are anticipated to be required depending on the extent of the operation and the data generated.

The cable conduit market is likely to benefit greatly as a result of this.

Segment-wise Insights

What is the Segmentation Outlook for the Cable Conduit Market?

The industrial manufacturing segment accounts for the majority of revenue for cable conduit system manufacturers, with a CAGR of 8.7% during the forecast period.

Industrial applications necessitate high-performance conduit systems to be made of high-quality materials.

Oil and gas, metal and mining, and food and beverage processing are examples of industrial applications that require high-end conduit system solutions.

Liquid-tight cable conduit systems are predicted to be the most profitable segment for end-use applications such as oil and gas, wastewater treatment facilities, and metal and mining.

The construction of cable conduit systems in the food and beverage processing industry is subject to some of the strictest standards. The conduit systems used in the food processing sector must be made from materials that comply with FDA CFR-21.

Which Segment is Likely to Lead the Cable Conduit Market By Product?

The cable conduit market's rigid category is expected to grow at a CAGR of 8.7%. This cable conduit is durable, comparatively little expensive than other solutions, adaptable, and simple to install.

Flexible metal or plastic conduit is far more difficult to work with than rigid cable conduit. This is due to the fact that there is no durability involved. Rigid cable conduit provides a high level of protection, unlike flexible cables. Due to these factors, the demand for rigid cable conduit systems is anticipated to rise during the forecast period.

Region-wise Outlook

What is the Regional Demand Analysis in the Cable Conduit Market?

Regions

CAGR (2022-2032)

US Market

6.6%

Brazil Market

16.0%

China Market

10.4 %

Japan Market

9.9%

Australia Market

11.6%

Due to a surge in demand for flexible cable conduits, North America dominated the cable conduit market in 2020. The U.S. cable conduit market is expected to increase at a substantial rate of 6.6% during the forecast period.

However, by the end of the projected period, Asia-Pacific is expected to rise significantly, followed by LAMEA.

The rapid infrastructure development efforts being performed in the Asia-Pacific area, mostly in China and India, are credited with the region's growth. China's cable conduit market is anticipated to grow at a CAGR of 10.4%. Rural regions are being transformed into urban areas in these countries, and by the end of 2020, these countries accounted for more than half of the increase in the construction industry.

Furthermore, the growing number of electrification and power supply projects in these regions provide sufficient opportunity for the cable conduit systems to expand.

The demand for cable conduit systems is predicted to rise over the forecast period due to continued growth in the building and construction industry, as well as an increase in demand for renewable energy sources.

Competitive Landscape

The cable conduit market is fragmented, with a significant number of players operating globally. Cable and wire producers are pursuing methods such as mergers and acquisitions to acquire new technologies and grow their client base, in addition to innovative product offerings. In order to supply consumers with innovative and cost-effective items, businesses are now implementing efficient strategies to retain their position in global cable conduit market.

Recent Developments in the Cable Conduit Market:

  •  FRE Composites Group, a major provider of fibreglass conduit solutions for the electrical, transportation, telecommunications, and infrastructure applications, was bought by Atkore International Group Inc. in February 2021. Atkore's conduit product portfolio was expanded as a result of this acquisition.
  • Queen City Plastics, Inc., a manufacturer of PVC conduit, elbows, and fittings for the electrical market, was bought by Atkore International Group Inc. in October 2020. Atkore's existing product line was strengthened as a result of this acquisition, and the company was able to serve consumers in the Southeast and Mid-Atlantic areas of the United States.
  • Rocky Mountain Colby Pipe Company, a leader in PVC conduit and duct products, was bought by Atkore International Group Inc. in August 2019. By increasing its product offering and enhancing geographic coverage, the acquisition helps the company focus on strategic growth.

Key Segments

  • By Type:

    • Rigid
    • Flexible
  • By End User:

    • Energy & Utility
    • Healthcare
    • IT & Telecom
    • Industrial Manufacturing
    • Residential Construction
    • Commercial Construction
    • Transportation
    • Other Industries
  • By Region:

    • North America
    • Europe
    • APAC
    • Middle East and Africa (MEA)
    • Latin America

- FAQs -

The cable conduit market is projected to rise at a CAGR of 10% during the projected period.
The global cable conduit market was valued at US$ 6.75 Bn in 2021.
The global cable conduit market is likely to be worth nearly US$ 19.5 Bn by 2032.
North America is a leading region for cable conduit market.
With a CAGR of 8.7%, the industrial manufacturing segment dominates the cable conduit system market during the forecast period.

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