The overall competitive landscape of the global cable conduit systems market is mixed with both organized and unorganized market regions, according to Transparency Market Research. The market was led by the players Atkore International, Inc., Thomas & Betts Corporation, and Eaton Corporation Plc.
According to TMR, the global cable conduit systems market holds a very intensive competitive landscape, marked by a large number of mergers and acquisitions. They are observed to be the more common forms of consolidation strategies being employed within the global cable conduit systems market. The larger, more organized players are also aiming for better product differentiation as well as product innovation in order to gain larger shares of the market. North America was the leading consumer of cable conduit systems in 2014, while the industrial manufacturing segment was the leading end user in the global cable conduit systems market for the same year.
BRICS and MENA Show Massive Surge in Cable Conduit Systems Demand
“Economic development and the consequent industrial boom are the key factors currently driving the global cable conduit systems market towards a better future. As the industrial sector of nations and regions improves, so does the demand for infrastructure components, including cable conduit systems. This rise in demand can be seen especially in emerging economies, where the rate of progress of industrial infrastructure is extremely positive and attracting several players from the global perspective,” states a TMR analyst.
The global cable conduit systems market is also being augmented by factors such as the growing population in urban areas and the increasing demand for commercial and residential construction projects. The BRICS nations are especially known to be the proponents of industrial evolution in the world today. These growth trends in the BRICS are currently fueling the global cable conduit systems market massively. The global cable conduit systems market is also being propelled by the advantages these systems hold over other conventional wiring technologies. This also falls in line with the overall growth in demand for high bandwidth connectivity.
High Installation Costs Could Deter Clients from Cable Conduit Systems
One of the key factors restraining the global cable conduit systems market is the high costs associated with the installation of cable conduit systems. The production of such wiring systems requires the use of composite materials. While they do provide substantial advantages over conventional materials and wiring systems, their use creates a massive leap in overall costs. At the same time, the price of the raw materials themselves is subject to unpredictability. Aluminum, steel, and plastics, some of the core raw materials required by the global cable conduit systems market, are highly volatile in costs. The development of low cost materials is the likely way out of this issue, and only stronger research and development efforts can help in that.
“The increased rate of research and development could put forth a new wave of advanced composites, thereby instilling a higher rate of adoption of cheaper materials that are still as efficient as or perhaps even more efficient than their older counterparts. This will augur well for the global cable conduit systems market over the coming years and help open up new avenues of opportunities for players that were otherwise closed up due to cost and raw material availability issues,” adds the analyst.
The information presented in this review is based on a Transparency Market Research report, titled, “Cable Conduit Systems Market (Products - Rigid Cable Conduit Systems and Flexible Cable Conduit Systems; and End Users - Energy & Utility, Industrial Manufacturing, Transportation, IT & Telecom, Healthcare, Residential Construction, and Commercial Construction (excludes Healthcare)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2022.”
Key segments of the Global Cable Conduit Systems Market
Global Cable Conduit Systems Market, By Products
- Rigid Cable Conduit Systems
- Flexible Cable Conduit Systems
Global Cable Conduit Systems Market, By End-user Industry
- Energy & Utility
- Industrial Manufacturing
- IT & Telecom
- Residential Construction
- Commercial Construction (excludes Healthcare)
- Others Industries
Global Cable Conduit Systems Market, By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Australasia (Australia, NZ, & Guinea)
- South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
- South America (SAM)
- Rest of SAM
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