Cable Conduit Market - Growth, Trends, and Forecast (2019 - 2024)

The Cable Conduit Market is segmented by Product Type (Flexible Cable Conduit and Rigid Cable Conduit), End-user Industry (Construction, Manufacturing, and IT and Telecommunication), and Geography.

Market Snapshot

summary
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.62%

Key Players:

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Market Overview

The cable conduit market is expected to register a CAGR of 11.62% over the forecast period of 2019-2024.

  • The rapid urbanization in the developing economies leads to an increase in construction projects. This factor further increases the demand for alterable wiring systems. This factor is boosting the sales of cable conductive.
  • Further, the wire and cable industry analysis identify the growth in renewable power generation. This is expected to be one of the primary factors for the growth of the electric cable and wire market. This factor is expected to boost the growth of the cable conduit market.
  • However, the fluctuating prices of raw materials, such as steel, plastic, and aluminum, are the key factors hindering the growth of the global cable conduit system market. 

Scope of the Report

An electrical conduit is useful for routing wires by safely grouping them. The primary use of cable conduit is for safety. Conduit isolates wires to avoid exposure, and thereby, reduces the risk of short-circuits and electrocution or fires. The end-user segment consists of manufacturing, commercial construction, IT and telecommunication, healthcare and energy. However, Asia-Pacific is expected to be the fastest growing region for the cable conduit systems during the forecast period.

 

 

 

By Product Type
Flexible Cable Conduit
Metallic
Non-metallic
Rigid Cable Conduit
Metallic
Non-metallic
By End-user Industry
IT and Telecommunication
Construction
Energy and Utility
Manufacturing
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key Market Trends

Commercial Buildings Offer Potential Growth

  • The American Institute of Architects (AIA) semi-annual report indicates that the commercial construction sectors will generate much of the expected gains and the high demand for better infrastructure provides opportunities for cable conduit systems.
  • Further, there is a growing demand for safer and more secure wiring systems in commercial and industrial applications. The factors, such as compressive strength and resistance of conduits, are of great significance, especially in industry and crafts business. Circuit integrity in case of fire and the prevention of hazardous smoke or gas are the key priorities in public areas, such as airports, railway stations or hotel facilities.
  • Moreover, with the advancements in technology, IoT-ready commercial building design is emerging. IoT networks often require a “backhaul” fiber network. Depending on the size of the operation and the data generated, it will require wired connections. This is expected to create a huge market opportunity for the cable conduit market. 
Public Construction Spending On Commercial Projects

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Asia-Pacific to Witness Fastest Growth

  • The growth in Asia-Pacific is attributed to the rapid infrastructure building activities being undertaken in the region, mainly in China and India. In these countries, rural areas are being converted into urban areas and these countries will collectively be responsible for more than a 50% share of the growth in the construction industry by the end of 2020.
  • Moreover, the increasing projects in the field of electrification and power supply in these regions also provide ample opportunity for the growth of the electrical conduit pipe market.
  • Additionally, in India, the initiatives (such as excise duty exemption for Ferro-silicon-magnesium and pig iron used for manufacturing components for wind-operated electric power generators as well as the target set by the Jawaharlal Nehru National Solar Mission to generate more than 1,00,000 MW of solar power by the end of 2022) are expected to boost the demand for electrical wires and cables.
  • With this continuous growth in the building and construction industry, along with the increase in demand for renewable sources of energy, the demand for electrical conduit pipes is expected to increase over the forecast period.
Region

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Competitive Landscape

The overall electrical conduit systems market is fragmented in nature, with a large number of players operating in the market globally. In addition to innovative product offerings, cable and wire manufacturers are also following strategies, such as mergers and acquisitions to acquire new technologies and expand their customer reach. Companies are now adopting efficient techniques in an effort to provide consumers with innovated and cost-efficient products. Some of the key players are Schneider Electric, Hubbell Incorporated, ABB Group, etc., among others.  

  • August 2018 - ABB announced its expansion of the Thomas and Betts facility on Dennis Street in Athens. The addition to the plant is expected to boost production for their 21 product lines.

Major Players

  1. Hubbell Incorporated
  2. Schneider Electric SE
  3. ABB Group
  4. Legrand
  5. Aliaxis Group

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Demand for Highly Secure and Safe Wiring System

      2. 4.3.2 Growing Commercial Constructions

    4. 4.4 Market Restraints

      1. 4.4.1 Increasing Prices of Raw Material

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Flexible Cable Conduit

        1. 5.1.1.1 Metallic

        2. 5.1.1.2 Non-metallic

      2. 5.1.2 Rigid Cable Conduit

        1. 5.1.2.1 Metallic

        2. 5.1.2.2 Non-metallic

    2. 5.2 By End-user Industry

      1. 5.2.1 IT and Telecommunication

      2. 5.2.2 Construction

      3. 5.2.3 Energy and Utility

      4. 5.2.4 Manufacturing

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Hubbell Incorporated

      2. 6.1.2 Schneider Electric SE

      3. 6.1.3 ABB Group

      4. 6.1.4 Legrand

      5. 6.1.5 Aliaxis Group

      6. 6.1.6 Atkore International

      7. 6.1.7 Electri-Flex Company

      8. 6.1.8 Eaton Corporation PLC

      9. 6.1.9 Robroy Industries

      10. 6.1.10 Champion Fiberglass Inc.

      11. 6.1.11 Dura-Line Holdings Inc.

      12. 6.1.12 Prime Conduit

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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