DUBLIN--(BUSINESS WIRE)--The "Cable Conduit Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cable conduit systems market reached a value of US$ 6.62 Billion in 2021. Looking forward, the market to reach a value of US$ 9.62 Billion by 2027, exhibiting a CAGR of 6.43% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cable conduit systems are made using metallic or polyvinyl chloride (PVC) materials that provide excellent protection against dirt and dampness and resistance against extreme temperature loads. They are widely used in machinery and plant construction, wherein excellent tensile strength, flexibility, flame-retardant, and mechanical impact and abrasion resistance are required.
Nowadays, as the requirements in cable protection are becoming increasingly complex, manufacturers around the world are offering a comprehensive range of cable conduit systems that are self-extinguishing and safeguard from corrosion and ultraviolet (UV) radiations.
Cable Conduit Systems Market Trends:
A significant increase in the number of housing projects on account of rapid urbanization and inflating income levels is boosting the electrical installation of cabling and associated devices, such as switches, sockets, light fittings, and distribution boards, in a structure.
This, in confluence with the escalating use of household electronic appliances, represents one of the key factors catalyzing the demand for cable conduit systems in electrical wiring. In addition, the implementation of stringent fire safety regulations for public buildings is contributing to the market growth.
Apart from this, the growing adoption of a convenient means of transportation due to the rising population of working professionals and shifting lifestyle preferences is promoting the usage of cable conduit systems in the electrification of rail infrastructure.
Furthermore, market players are introducing corrugated conduits and protective hoses with innovative properties to protect valuable cables against unfavorable external influences in vehicles.
This, along with the emerging popularity of smart protection systems worldwide for enhancing mobility and safety of vehicles, is projected to drive the applications of cable conduit systems in the automotive industry across the globe.
Key Questions Answered in This Report:
- How has the global cable conduit systems market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cable conduit systems market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cable conduit systems market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- 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
- Schneider Electric SE.
Key Market Segmentation:
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
For more information about this report visit https://www.researchandmarkets.com/r/xl7ai6
