Published On: Jan 27, 2016
Transparency Market Research has published a new report on the global cable conduit systems market. As per the report, the global cable conduit systems market is expected to expand at an 11.0% CAGR during the period from 2015 to 2022. The report, titled ‘Cable Conduit Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022’, states that the global cable conduit systems market stood at US$3.2 bn in 2014 and is predicted to reach US$7.4 bn by 2022.
Browse the full Cable Conduit Systems Market (Rigid Cable Conduit Systems & Flexible Cable Conduit Systems) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022 report at https://www.transparencymarketresearch.com/cable-conduits-market.html
Cable management is the installation of secure cable management systems for electrical services in a vehicle, building, industry, or a plant. Cable management makes changes or maintains the cable system by providing support at the time of installation. Some of the benefits offered by cable management are enhanced safety, cost saving, increased adaptability, labor saving, and low maintenance. Cable management systems find application across various industries such as IT and telecom, energy and utility, healthcare, transportation, and industrial manufacturing. Cable conduit systems help in securing cables for enhanced data communication and are primarily used in various construction applications for installing the wiring system. The industrial manufacturing segment is predicted to be the biggest contributor in the global market for cable conduits in the next few years.
The superior advantages of cable conduits over conventional wiring installation systems are expected to propel the global cable conduits market in the years to come. The global cable conduit systems market is predicted to expand at a rapid pace in the years to come due to factors such as the availability of advanced cable conduit systems, increase in the global demand for energy, accelerating bandwidth requirements, and growth of the construction industry in BRICS economies. Factors such as high installation and maintenance costs, volatility in raw material prices, and high degree of market fragmentation are expected to hamper the growth of the global cable conduit systems market in the coming few years. However, development of materials used for cable conduits and the presence of untapped markets are predicted to drive the global cable conduit systems market in the next few years.
The global cable conduit systems market is segmented on the basis of geography, end use, and product. Flexible cable conduit systems and rigid cable conduit systems are the two types of cable conduit products. In 2014, in terms of revenue, the rigid cable conduit systems segment accounted for 76.1% of the global cable conduits market and is expected to maintain its dominance due to the high capacity of protection of rigid cable conduit systems.
Based on geography, the global cable conduit systems market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The Middle East and Africa and Asia Pacific are predicted to be the most promising markets within the global cable conduits market in the years to come. Some of the dominating companies in the global cable conduit systems market are Atkore International, Inc., Legrand S.A., Schneider Electric SE, and Thomas & Betts Corporation.
Key segments of the Global Cable Conduits 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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