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 to 2032
Analysis of Cable Conduit market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cable Conduit Market Outlook (2022 to 2032)
The global cable conduit market is predicted to rise at a CAGR of 10% during 2022 to 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 to 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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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.
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.
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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.
Comparative View of Adjacent Cable Conduit Market
| Attributes | Cable Conduit Market | Fireproofing Materials Market | Rotating Equipment Repair Market |
|---|---|---|---|
| CAGR (2022 to 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.
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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 to 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
Table of Content
- 1. Preface
- 2. Executive Summary
- 3. Market Overview
- 4. Global Market Analysis, by Product, 2015 to 2032 (US$ Mn)
- 4.1. Rigid
- 4.2. Flexible
- 5. Global Market Analysis, by End-use Industry, 2015 to 2032 (US$ Mn)
- 5.1. Energy & Utility
- 5.2. Industrial Manufacturing
- 5.3. Transportation
- 5.4. IT & Telecommunication
- 5.5. Healthcare
- 5.6. Residential Construction
- 5.7. Commercial Construction (excluding Healthcare)
- 5.8. Other Industries
- 6. Market Analysis, by Geography, 2015 to 2032 (US$ Mn)
- 6.1. North America
- 6.2. Europe
- 6.3. Asia Pacific
- 6.4. South America
- 6.5. Middle East & Africa (MEA)
- 7. Company Profiles
- 7.1. Atkore International, Inc.
- 7.2. Legrand S.A.
- 7.3. Schneider Electric SE
- 7.4. Thomas & Betts Corporation (ABB Ltd.)
- 7.5. Aliaxis SA/NV
- 7.6. Cantex, Inc. (Mitsubishi International Corporation)
- 7.7. Eaton Corporation Plc.
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List Of Table
TABLE 1: Market Snapshot: Global Market (2022 & 2032)
TABLE 2: Major Construction Projects in the BRICS Region
TABLE 3: Major Construction Projects in MENA and Developed Regions
TABLE 4: Wiring Systems Comparison
TABLE 5: Impact Analysis: Drivers – Global Market
TABLE 6: Wiring Systems Comparison
TABLE 7: Impact Analysis: Restraints/Challenges – Global Cable Conduits Systems Market
TABLE 8: Impact Analysis of Raw Materials
TABLE 9: Global Market, by Geography, 2015 to 2032 (US$ Mn)
TABLE 10: North America Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 11: North America Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 12: U.S. Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 13: U.S. Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 14: Europe Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 15: Europe Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 16: EU Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 17: EU Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 18: CIS Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 19: CIS Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 20: Asia Pacific Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 21: Asia Pacific Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 22: Australasia Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 23: Australasia Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 24: China Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 25: China Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 26: Japan Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 27: Japan Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 28: South Asia Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 29: South Asia Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 30: Rest of Asia Pacific Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 31: Rest of Asia Pacific Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 32: South America Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 33: South America Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 34: Brazil Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 35: Brazil Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 36: Rest of South America Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 37: Rest of South America Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 38: Middle East & Africa Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 39: Middle East & Africa Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 40: GCC Countries Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 41: GCC Countries Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 42: North Africa Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 43: North Africa Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 44: Southern Africa Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 45: Southern Africa Market, by End-use Industry, 2015 to 2032 (US$ Mn)
TABLE 46: Rest of MEA Market, by Product, 2015 to 2032 (US$ Mn)
TABLE 47: Rest of MEA Market, by End-use Industry, 2015 to 2032 (US$ Mn)
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List Of Figures
FIG. 1: Market Segmentation: Global Market
FIG. 2: Global Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 3: North America Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 4: Europe Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 5: Asia Pacific Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 6: Middle East & Africa Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 7: South America Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 8: Global Rigid Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 9: Global Flexible Market, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 10: Global Market in Energy & Utility, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 11: Global Market in Industrial Manufacturing, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 12: Global Market in Transportation, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 13: Global Market in IT & Telecommunication, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 14: Global Market in Healthcare, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 15: Global Market in Residential Construction, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 16: Global Market in Commercial Construction, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 17: Global Market in Other Industries, 2015 to 2032, Revenue (US$ Mn) and Y-o-Y Growth (%)
FIG. 18: BRICS Countries Construction Industry Revenue, 2015 to 2021 (US$ Bn)
FIG. 19: Global Energy Consumption (Quadrillion British Thermal Units)
FIG. 20: Projected International Bandwidth Demand Growth, by Region
FIG. 21: Global Carbon Steel Prices, 2015 to 2021 (US$ Per Ton)
FIG. 22: Global Composite Steel Prices, 2015 to 2021 (US$ per Ton)
FIG. 23: Value Chain Analysis: Global Market
FIG. 24: Market Attractiveness Analysis for Global Market
FIG. 25: Market Positioning of Key Players, 2021
FIG. 26: Global Carbon Steel Prices, 2015 to 2021 (US$ Per Ton)
FIG. 27: Global Composite Steel Prices, 2015 to 2021 (US$ per Ton)
FIG. 28: Global Aluminum Price Trends: 2015 to 2021 (US$ per Ton)
FIG. 29: Asia and Middle East Polyvinyl Chloride Price Trends: 2021 (US$ per Ton)
FIG. 30: Global Market, By Product, Segment Share, 2022 & 2032 (Value %)
FIG. 31: Global Rigid Conduit Systems Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 32: Global Flexible Conduit Systems Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 33: Global Rigid Market, By Type of Material, Segment Share, 2022 & 2032 (Value %)
FIG. 34: Global Market in Energy & Utility, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 35: Global Market in Industrial Manufacturing, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 36: Global Market in Transportation, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 37: Global Market in IT & Telecommunication, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 38: Global Market in Healthcare, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 39: Global Market in Residential Construction, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 40: Global Market in Commercial Construction, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 41: Global Market in Other Industries, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 42: Global Market, by Geography, Segment Share, 2022 & 2032 (Value %)
FIG. 43: North America Market, by Country, Segment Share, 2022 & 2032 (Value %)
FIG. 44: U.S. Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 45: Europe Market, by Country, Segment Share, 2022 & 2032 (Value %)
FIG. 46: EU Market, by Country, Segment Share, 2022 & 2032 (Value %)
FIG. 47: CIS Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 48: Rest of Europe Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 49: Asia Pacific Market, by Country, Segment Share, 2022 & 2032 (Value %)
FIG. 50: Australasia Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 51: China Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 52: Japan Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 53: South Asia Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 54: Rest of Asia Pacific Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 55: South America Market, by Country, Segment Share, 2022 & 2032 (Value %)
FIG. 56: Brazil Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 57: Rest of South America Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 58: Middle East & Africa Market, by Country, Segment Share, 2022 & 2032 (Value %)
FIG. 59: GCC Countries Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 60: North Africa Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 61: Southern Africa Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 62: Rest of MEA Market, Revenue and Forecast, 2015 to 2032 (US$ Mn)
FIG. 63: Atkore International Historical Roadmap
FIG. 64: Atkore International, Inc. Annual Revenue and Global Pipe, Tube & Conduit Segment Revenue
FIG. 65: Legrand S.A. Historical Roadmap
FIG. 66: Legrand S.A. Annual Revenue and Operating Profits
FIG. 67: Schneider Electric SE Historical Roadmap
FIG. 68: Schneider Electric SE Annual Revenue and Operating Profits
FIG. 69: Thomas & Betts Corporation Historical Roadmap
FIG. 70: Thomas & Betts Corporation Annual Revenue
FIG. 71: Aliaxis Group Historical Roadmap
FIG. 72: Aliaxis Group Annual Revenues and Net Profits
FIG. 73: Cantex, Inc. Historical Roadmap
FIG. 74: Eaton Corporation Plc. Historical Roadmap
FIG. 75: Eaton Corporation Plc. Annual Revenue and Operating Profits
FIG. 76: Eaton Corporation Plc. Electrical Products Segment Revenue and Operating Profits
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How is the Growth Outlook for the Cable Conduit Market?
The cable conduit market is projected to rise at a CAGR of 10% during the projected period.
What was the Cable Conduit Market Size In 2021?
The global cable conduit market was valued at US$ 6.75 Bn in 2021.
What is the Adoption Potential of Incident and Emergency Management Systems By 2032?
The global cable conduit market is likely to be worth nearly US$ 19.5 Bn by 2032.
Which Region Leads the Global Cable Conduit Market Report?
North America is a leading region for cable conduit market.
Which End User Segment is Anticipated to Dominate the Global Cable Conduit Market By 2032?
With a CAGR of 8.7%, the industrial manufacturing segment dominates the cable conduit system market during the forecast period.
Cable Conduit Market