CABLE CONDUIT SYSTEMS MARKET ANALYSIS

Cable Conduit Systems Market, By By Product Type (Rigid Cable Conduit Systems and Flexible Cable Conduit Systems), By Type of Material (Rigid Cable Conduit Systems (Aluminum, Electrical, Fiberglass, Galvanized Steel, Intermediate Metallic, PVC, PVC-coated, Stainless Steel), Flexible Cable Conduit System (Aluminum, Galvanized Steel, Non-metallic, Stainless Steel)), By End-use Industry (Energy & Utility, Industrial Manufacturing, Transportation, IT & Telecommunication, Healthcare, Residential Construction, Commercial Construction and Other Industries) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Dec 2020
Code : CMI4093
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Cable Conduit Systems MarketSize and Trends

Market Overview

Cable conduits are wiring systems that use hollow tubing to enclose electrical power wiring and cables. These conduits are manufactured with the help of PVC, aluminum, steel, and fiberglass. Cable conduits can be used for underground and overhead wiring systems. Some of the common types of cable conduits are rigid metal conduits, intermediate metal conduits, electrical metal conduits, PVC conduits, flexible metallic conduits, and flexible non-metallic conduits. Cable conduits offer superior protection and durability advantages over other wiring methods such as casing and capping and batten wiring, thereby fueling the demand for these wiring systems.

The global Cable Conduit System Market was accounted for US$ 5,585.3 Mn in terms of value in 2019 and is expected to grow at CAGR of 11.0% for the period 2020-2027.

Statistics:

North America held dominant position in the global Cable Conduit System market in 2019, accounting for 31.1% share in terms of value, followed by Asia Pacific and Europe respectively

Figure 1: Global Cable Conduit System Market Share (%) in terms of Value, By Region, 2019

Figure 2: Global Cable Conduit System Market Value (US$ Mn), 2017 - 2027

The global Cable Conduit System market was valued at US$ 5,585.3 Mn in 2019 and is forecast to reach a value of US$ 12,635.2 Mn by 2027 at a CAGR of 11.0% between 2020 and 2027.

Market Trends

Merger and acquisition activities among major market players

Key players in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in November 2014, Atkore International Inc. acquired Steel Components, Inc. (SCI) in order to enhance its electrical raceway solution offering. Furthermore, in October 2014, Atkore International Inc. acquired American Pipe and Plastics, Inc. in order to strengthen its position in the PVC market further.

Research and development activities is another major trend

Major market players are focused on research and development activities, in order to expand the product portfolio. For instance, in June 2015, Hubble Inc. Emerson Electric Co. launched the Appleton ATX range of products, by partnering with Pacific Automation Pty. Ltd. In June 2014, Electric-Flex Company introduced its new Underwriters Laboratories (UL) listed jacketed metallic liquid-tight flexible conduit known as LAFG (LA-Food Grade) into its ‘Liquatite’ family.