Cable Conduit Market Research Report 2021 provides detailed analysis of Growth Factors of the market as well as it gives analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2027. The Cable Conduit market report has studied key opportunities in the market and influencing factor which is useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along with market attractiveness as per segments.
The cable conduit market is expected to register a CAGR of 11.62%, over the forecast period of 2018-2023. The market has been segmented by product type and end-user industry. The regions included in the scope of the report are – North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Companies Covered in Cable Conduit Market Report (Sales, Price, Revenue, Volume, Gross Margin and Market Share) – ATKORE INTERNATIONAL., ALIAXIS GROUP., THOMAS & BETTS., LEGRAND., SCHNEIDER ELECTRIC., HUBBELL., ELECTRI-FLEX COMPANY., EATON CORPORATION PLC., ROBROY INDUSTRIES., CHAMPION FIBERGLASS INC., DURA-LINE HOLDINGS INC., HELLERMANNTYTON., and PRIME CONDUIT., amomg others
Industry News and Developments:
October 2017: Atkore International Group announced the acquisition of Calpipe Industries LLC, a market leader for electrical conduit systems for corrosive environments and security bollards for high-security, access control, and architectural environments.
The increasing demand for highly secure and safe wiring systems in industrial and commercial applications is projected to drive the growth of the cable conduit market. Further, the growth of the cable conduit market can be attributed to rising adoption of frequently alterable wiring systems and the expanding construction industry. However, the growth of the market studied is expected to be hindered by factors, such as raw material volatility, which poses significant threats to the stable prices and production costs of several wire and cable markets. Besides, competitive pricing, owing to the cutthroat competition in the market, could also hamper the overall revenue generation capabilities of the market studied.
Demand for Highly Secure and Safe Systems
Across the globe, there is a significant demand for secure and safe wiring systems, in residential and commercial buildings. Cable conduit addresses this demand, by providing the essential safety and protection to the wiring, from numerous external interferences and exposure to flammable gases. Further, the implementation of stringent safety regulations and increasing consumer awareness regarding safety in developing countries are augmenting the market’s growth, exponentially. Moreover, when conduits are properly installed with sealed fittings, they guarantee significant safety from volatile substances. Besides, in buildings, the conduit is directly submerged into concrete, for precautionary measures and improved safety, while dealing with high-power consumption.
The Construction Industry Expected to Account for the Largest Market Share
The construction industry is expected to account for the largest market share, owing to the booming construction activities in both developed and developing countries (such as India, China, and Brazil). The construction industry recorded a steady growth rate of 2.4%, in 2016, and is expected to gain momentum, over the forecast period. In 2017, global construction output reached USD 8.8 trillion, from USD 7.9 trillion in 2012. As per a consensus forecast, the US construction industry is expected to record a 4% growth in 2018, with the residential sector poised to record the highest growth of 6% and the non-residential and non-building sectors expected to record growth rates of about 2% and 4%, respectively.
North America Projected to Dominate the Cable Conduit Market
By region, the North American segment accounted for the largest share in the global cable conduit market, due to the implementation of stringent safety regulations and increase in construction activities. Currently, the United States is leading the cable conduit market, owing to stringent regulations that mandate the usage of conduit system installations, mostly in the industrial manufacturing sector. This significantly fuels the need for cable conduit systems, in North America. The upcoming construction and residential projects over the forecast period are also expected to contribute to the growth of the North American segment of the market studied.
With tables and figures helping analyze worldwide Global Cable Conduit Industry, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Industry.
Geographically, the Cable Conduit Market report includes the research on, market size, share and growth rate, and forecast (2017-2027) of the following regions:
Europe (Germany, UK, France, Italy, Spain, Russia, Poland)
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
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