Cable Conduit Systems Market Size, Share, Growth Report 2030

Global Cable Conduit Systems Market: Overview

The global market for cable conduit systems was estimated at USD 6,322.4 million in 2021 and it is projected to expand at a CAGR of 10.9% during the period 2022-2028. CABLE CONDUIT SYSTEMS (also known as CABLE TRUNKING or CONDUITS) are tubes or hoses that are used to protect or route electrical wires throughout a building (or facility), between equipment, or even within the machine itself. Conduits protect against mechanical, chemical, and thermal damage. Generally, a conduit is utilized when the wire is not sufficiently strong for the installation owing to the lower quality cables, or simply to enhance the looks in an organization by laying the wires neatly. Depending on the level of protection necessary, conduits are made of metal, plastic, rubber, or a combination of these materials. It can also be integrated or corrugated PVC spiral wire for added structural rigidity, braided sleeve for agility, or metal conduit for corrosion prevention.

Global Cable Conduit Systems Market: Growth Factors

The global cable conduit systems market is booming due to the construction industry's rapid expansion and the growing popularity of buildings with regularly changing wiring systems. As conductors can be easily replaced with minimal interruption, an electrical conduit makes it easier and safer to perform frequent but seamless wiring adjustments. As a result, the conduit system shields the wire replacements from chemical vapors, combustible gases, electromagnetic interference, moisture, and a variety of other external factors. Further, in both residential and commercial structures, there is a rising desire for more secure and safer wiring systems. In commercial structures, the conduit is directly submerged in concrete for further protection and safety while dealing with heavy power usage. This need will rise in the future to some level in order to achieve preventative measures and increased safety concerns thereby fostering the growth of the global cable conduit systems market. Also, mergers and acquisitions by the key players to expand their business is driving the market. For instance, in December 2021, Atkore Inc. announced the acquisition of Four-Star Industries, a producer of 1/2" – 6" High-Density Polyethylene (HDPE) conduit principally serving the datacom, infrastructure, utility, and telecommunications industries. Furthermore, as technology advances, smart commercial building design is becoming more prevalent. A "backhaul" fiber network is frequently required for IoT networks which is estimated to have ample opportunities for the growth of the global cable conduit systems market during the forecast period. However, rising raw material prices are frequently a stumbling block to market expansion.

Global Cable Conduit Systems Market: Segmentation

The global cable conduit systems market is fragmented into type, application, and region. Based on the type, the global cable conduit systems market is categorized into flexible cable conduit system, rigid cable conduit system, non-metallic, and metallic. The application segment of the market is bifurcated into commercial construction, manufacturing, healthcare, energy, IT & telecommunication, and others.

Global Cable Conduit Systems Market: Regional Analysis

Asia Pacific is expected to hold the largest share in the global cable conduit systems market. This is primarily due to the rapid surge in the construction sector. The number of commercial and industrial projects is rapidly increasing in India and China. Also, increasing emphasis on secure wiring systems in buildings is supporting the continuous demand for cable conduit systems in these countries. China is likely to remain the major revenue contributor in the regional market. Whereas, India is forecasted to register the fastest growth. North America is another major region in the global cable conduit systems market. Increasing the use of secure wiring systems in commercial, residential, and healthcare institutes is fueling the demand for cable conduit systems. With the increasing urbanization in the Middle East and Latin America, the demand for cable conduit systems is expected to increase significantly over the forecast period.

Global Cable Conduit Systems Market: Competitive Players

The global market for cable conduit systems is fragmented while the major players functioning in the market are focused on brand improvisation through new product launches and acquisitions. Some of the key operators in the global cable conduit systems include Thomas & Betts Corporation, Atkore International, Inc., Legrand, Schneider Electric, Hubbell Incorporated, Calpipe Industries Inc., AFC Cable Systems, Eaton Corporation Plc, igus inc, Dura-Line Holdings, Inc, and Champion Fiberglass, Inc.

Global Cable Conduit Systems Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.