Global Wiring Duct Market - Snapshot
The wiring duct market in different regions across the world is undergoing diverse phases. North America and Europe are mature regions of the global wiring duct market, due to presence of large-sized telecom and commercial sectors in these regions. On the other hand, developing countries in Asia Pacific and Middle East & Africa, which are witnessing modernization and adopting industrial automation to upgrade industrial processes, are witnessing increase in the demand for wiring ducts. This, in turn, is driving the global wiring duct market. The global wiring duct market is projected to expand at a CAGR of 4.6% during the forecast period and reach value of US$ 524.3 Mn by 2027.
There exists high demand for industrial automation process controls worldwide. This helps in reducing manual labor inputs and decreasing costs. SCADA, DCS, Process Instruments, etc. have made industrial automation more reliable and powerful. As industrial automation develops and becomes more complicated, more sophisticated control technologies emerge. Furthermore, this leads to increase in complexity during interconnecting of system components from sensors to top-level controllers. In order to maintain complexity, wire and cable ducts are required for routing and concealing large bundles of wires and cables in control panels. This, in turn, is likely to boost the global wiring duct market during the forecast period. However, environmental concerns regarding recycling and disposal of ducts is a major factor that hinders the global wiring duct market. PVC is the most common type of ducting material used in wires and cables across different industries. It is also widely used as an insulating or jacketing material for wires used in various applications. However, PVC is not an eco-friendly chemical. Hence, disposal of wiring ducts made of PVC is a major issue. Since PVC is not naturally degradable, burning of PVC releases a large amount of highly toxic dioxins. These dioxins enter the human food chain by contaminating land and water. Moreover, introduction of halogen-free wiring ducts is expected to create lucrative opportunities for the market during the forecast period. This factor would continue to drive the global wiring duct market during the forecast period.
Among applications, the commercial segment is expected to dominate the global wiring duct market during the forecast period, owing to high demand of wiring and cabling ducts for use in IT hubs, network cabling systems, data centers, telecom industry, office spaces, hospitals, and other retail complexes in order to organize large bundles of cables and separate them from raceway in an electric enclosure. IT hubs, telecom industry, and data centers are expanding at a high pace currently. This is expected to augment the demand for wiring ducts during the forecast period. The commercial segment is likely to be followed by the industrial segment. Furthermore, high demand for wiring ducts in industrial applications, especially in oil & gas industries, chemical plants, and grain elevators, is expected to propel the global wiring duct market during the forecast period.
Attracted by growth of the market and underlying latent demand for wiring ducts, several players operating in the global wiring duct market are expanding their business through new product development, strategic mergers and acquisitions, and partnerships. In June 2018, Hager Group introduced IBOCO’s standard-finger PVC wiring duct. It is around two meter in length and it contains a lid with a protective film. The new product is expected to reduce efforts of installation. Some of the prominent players operating in the global wiring duct market are ABB Ltd, Hager Group, Panduit Corporation, Hua Wei Industrial Co., Ltd., OMEGA Engineering, Inc., Phoenix Contact GmbH & Co. KG, and Hammond Manufacturing. Market players are focused on expanding their business through strategic acquisitions and partnerships with several end-use industries.
Wiring Duct Market Gathers Traction from New Cabling Systems in Commercial Spaces
Over the years, wiring ducts systems companies have expanded the array of products to meet the demands of installers and cables. Wiring ducts are aimed at providing optimum protection to these in range of installation options. These are neat, tidy, robust, and meet professional standards for end-use industries for the purpose of wire insulation. Rise in demand for new wiring duct solutions that can withstand temperature and vibration aspects has propelled the growth avenues in the wiring duct market. Growing use of wiring ducts in electrical installation in developed as well as developing regions of the world underscore the increasing lucrativeness of the market. Need for advancements in cable trunking systems and ducting systems for IoT-connected devices has paved way to a vast avenue for manufacturers of wiring ducts. They are keen on offering products that meet some regional standards. An example of common standard in Germany that products comply with is DIN EN 50085. Growing complexity of wiring ducts management is a key trend bolstering the expansion of new applications of wiring ducts. Over the years, the array of products has rapidly expanded and end users have products that meet varying configurations, materials, and panel sizes.
The COVID-19 pandemic that struck the world in 2019, followed by several severe outbreaks in 2020, has constrained the demand for new electrical cable and wiring installations. The slump in growth of the demand in the wiring duct market can be ascribed to two broad factors, namely, a shaky macroeconomic fundamentals in several economies around the globe, and the lackluster microeconomics in the cable manufacturing industries. Nevertheless, the pace of manufacturing has picked up momentum in the last leg of 2020. Various policy stimulus and consumer sentiments boosted the growth of the wiring duct market. Further, there has been a rise in demand for new electrical installations in commercial and residential buildings.
The global wiring duct market has been segmented as follows:
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Wiring Duct Market
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Key Trends Analysis
4.4. Global Wiring Duct Market Analysis and Forecast, 2017–2027
4.4.1. Market Revenue Projection (US$ Mn)
4.4.2. Market Volume Projection (Thousand Units)
4.4.3. Price Trend Analysis
4.5. Porter’s Five Forces Analysis - Global Wiring Duct Market
4.6. Value Chain Analysis - Global Wiring Duct Market
4.6.1. List of Market Participants
4.6.1.1. Upstream Raw Materials Sourcing
4.6.1.2. Downstream Buyers
4.6.2. Marketing Channel Analysis
4.6.2.1. Direct Marketing
4.6.2.2. Indirect Marketing
4.6.2.3. Marketing Channel Development Trend
4.6.3. Market Positioning
4.6.3.1. Pricing Strategy
4.6.3.2. Brand Strategy
4.6.3.3. Target Client
4.7. Global Wiring Duct Manufacturing Cost Analysis
4.8. Market Outlook
5. Global Wiring Duct Market Analysis and Forecast, by Product Type
5.1. Overview & Definitions
5.2. Global Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Product Type, 2017–2027
5.2.1. Slotted Wire Duct
5.2.1.1. Wide-slotted Wire Duct
5.2.1.2. Narrow-slotted Wire Duct
5.2.1.3. Round-hole Wire Duct
5.2.2. Solid-wall Wire Duct
5.2.3. Flexible Wire Duct
5.2.4. Others
5.3. Product Type Comparison Matrix
5.4. Global Wiring Duct Market Attractiveness, by Product Type
6. Global Wiring Duct Market Analysis and Forecast, by Application
6.1. Overview & Definitions
6.2. Global Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
6.2.1. Commercial
6.2.2. Industrial
6.3. Application Comparison Matrix
6.4. Global Wiring Duct Market Attractiveness, by Application
7. Global Wiring Duct Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Global Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Region, 2017–2027
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Middle East & Africa
7.2.5. South America
7.3. Global Wiring Duct Market Attractiveness, by Region
8. North America Wiring Duct Market Analysis and Forecast
8.1. Key Findings
8.2. North America Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Product Type, 2017–2027
8.2.1. Slotted Wire Duct
8.2.1.1. Wide-slotted Wire Duct
8.2.1.2. Narrow-slotted Wire Duct
8.2.1.3. Round-hole Wire Duct
8.2.2. Solid-wall Wire Duct
8.2.3. Flexible Wire Duct
8.2.4. Others
8.3. North America Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
8.3.1. Commercial
8.3.2. Industrial
8.4. North America Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
8.4.1. U.S.
8.4.2. Canada
8.4.3. Rest of North America
8.5. North America Wiring Duct Market Attractiveness Analysis
8.5.1. by Product Type
8.5.2. by Application
8.5.3. by Country/Sub-region
9. Europe Wiring Duct Market Analysis and Forecast
9.1. Key Findings
9.2. Europe Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Product Type, 2017–2027
9.2.1. Slotted Wire Duct
9.2.1.1. Wide-slotted Wire Duct
9.2.1.2. Narrow-slotted Wire Duct
9.2.1.3. Round-hole Wire Duct
9.2.2. Solid-wall Wire Duct
9.2.3. Flexible Wire Duct
9.2.4. Others
9.3. Europe Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
9.3.1. Commercial
9.3.2. Industrial
9.4. Europe Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
9.4.1. Germany
9.4.2. U.K.
9.4.3. France
9.4.4. Rest of Europe
9.5. Europe Wiring Duct Market Attractiveness Analysis
9.5.1. by Product Type
9.5.2. by Application
9.5.3. by Country/Sub-region
10. Asia Pacific Wiring Duct Market Analysis and Forecast
10.1. Key Findings
10.2. Asia Pacific Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Product Type, 2017–2027
10.2.1. Slotted Wire Duct
10.2.1.1. Wide-slotted Wire Duct
10.2.1.2. Narrow-slotted Wire Duct
10.2.1.3. Round-hole Wire Duct
10.2.2. Solid-wall Wire Duct
10.2.3. Flexible Wire Duct
10.2.4. Others
10.3. Asia Pacific Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
10.3.1. Commercial
10.3.2. Industrial
10.4. Asia Pacific Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
10.4.1. China
10.4.2. Japan
10.4.3. Taiwan
10.4.4. South Korea
10.4.5. Rest of Asia Pacific
10.5. Asia Pacific Wiring Duct Market Attractiveness Analysis
10.5.1. by Product Type
10.5.2. by Application
10.5.3. by Country/Sub-region
11. Middle East & Africa (MEA) Wiring Duct Market Analysis and Forecast
11.1. Key Findings
11.2. MEA Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Product Type, 2017–2027
11.2.1. Slotted Wire Duct
11.2.1.1. Wide-slotted Wire Duct
11.2.1.2. Narrow-slotted Wire Duct
11.2.1.3. Round-hole Wire Duct
11.2.2. Solid-wall Wire Duct
11.2.3. Flexible Wire Duct
11.2.4. Others
11.3. MEA Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
11.3.1. Commercial
11.3.2. Industrial
11.4. MEA Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
11.4.1. GCC
11.4.2. South Africa
11.4.3. Rest of MEA
11.5. MEA Wiring Duct Market Attractiveness Analysis
11.5.1. by Product Type
11.5.2. by Application
11.5.3. by Country/Sub-region
12. South America Wiring Duct Market Analysis and Forecast
12.1. Key Findings
12.2. South America Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Product Type, 2017–2027
12.2.1. Slotted Wire Duct
12.2.1.1. Wide-slotted Wire Duct
12.2.1.2. Narrow-slotted Wire Duct
12.2.1.3. Round-hole Wire Duct
12.2.2. Solid-wall Wire Duct
12.2.3. Flexible Wire Duct
12.2.4. Other
12.3. South America Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
12.3.1. Commercial
12.3.2. Industrial
12.4. South America Wiring Duct Market Value (US$ Mn) and Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
12.4.1. Brazil
12.4.2. Rest of South America
12.5. South America Wiring Duct Market Attractiveness Analysis
12.5.1. by Product Type
12.5.2. by Application
12.5.3. by Country/Sub-region
13. Competition Landscape
13.1. Market Players – Competition Matrix
13.2. Global Wiring Duct Market Share (%) Analysis, by Company (2018)
14. Company Profiles (Details – Overview, Financials, SWOT Analysis, Strategy)
14.1.1. ABB Ltd.
14.1.2. Hager Group
14.1.3. Panduit Corp
14.1.4. Hua Wei Industrial Co., Ltd.
14.1.5. Omega Engineering, Inc.
14.1.6. Phoenix Contact
14.1.7. Hammond Manufacturing
15. Key Takeaways
Table 01: Global Wiring Duct Market Value (US$ Mn) Forecast, by Product Type, 2017–2027
Table 02: Global Wiring Duct Market Volume (Thousand Units) Forecast, by Product Type, 2017–2027
Table 03: Short-term and Long-term CAGR Analysis
Table 04: Global Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 05: Short-term and Long-term CAGR Analysis
Table 06: Global Wiring Duct Market Value (US$ Mn) Forecast, by Region, 2017–2027
Table 07: Global Wiring Duct Market Volume (Thousand Units) Forecast, by Region, 2017–2027
Table 08: North America Wiring Duct Market Value (US$ Mn) Forecast, by Product Type, 2017–2027
Table 09: North America Wiring Duct Market Volume (Thousand Units) Forecast, by Product Type, 2017–2027
Table 10: Short-term and Long-term CAGR Analysis
Table 11: North America Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 12: Short-term and Long-term CAGR Analysis
Table 13: North America Wiring Duct Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 14: North America Wiring Duct Market Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
Table 15: Short-term and Long-term CAGR Analysis
Table 16: Europe Wiring Duct Market Value (US$ Mn) Forecast, by Product Type, 2017–2027
Table 17: Europe Wiring Duct Market Volume (Thousand Units) Forecast, by Product Type, 2017–2027
Table 18: Short-term and Long-term CAGR Analysis
Table 19: Europe Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 20: Short-term and Long-term CAGR Analysis
Table 21: Europe Wiring Duct Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 22: Europe Wiring Duct Market Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
Table 23: Short-term and Long-term CAGR Analysis
Table 24: Asia Pacific Wiring Duct Market Value (US$ Mn) Forecast, by Product Type, 2017–2027
Table 25: Asia Pacific Wiring Duct Market Volume (Thousand Units) Forecast, by Product Type, 2017–2027
Table 26: Short-term and Long-term CAGR Analysis
Table 27: Asia Pacific Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 28: Short-term and Long-term CAGR Analysis
Table 29: Asia Pacific Wiring Duct Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 30: Asia Pacific Wiring Duct Market Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
Table 31: Short-term and Long-term CAGR Analysis
Table 32: Middle East & Africa Wiring Duct Market Value (US$ Mn) Forecast, by Product Type, 2017–2027
Table 33: Middle East & Africa Wiring Duct Market Volume (Thousand Units) Forecast, by Product Type, 2017–2027
Table 34: Short-term and Long-term CAGR Analysis
Table 35: Middle East & Africa Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 36: Short-term and Long-term CAGR Analysis
Table 37: Middle East & Africa Wiring Duct Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 38: Middle East & Africa Wiring Duct Market Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
Table 39: Short-term and Long-term CAGR Analysis
Table 40: South America Wiring Duct Market Value (US$ Mn) Forecast, by Product Type, 2017–2027
Table 41: South America Wiring Duct Market Volume (Thousand Units) Forecast, by Product Type, 2017–2027
Table 42: Short-term and Long-term CAGR Analysis
Table 43: South America Wiring Duct Market Value (US$ Mn) Forecast, by Application, 2017–2027
Table 44: Short-term and Long-term CAGR Analysis
Table 45: South America Wiring Duct Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027
Table 46: South America Wiring Duct Market Volume (Thousand Units) Forecast, by Country/Sub-region, 2017–2027
Table 47: Short-term and Long-term CAGR Analysis
Table 48: Mergers & Acquisitions
Table 49: ABB Ltd. Product Portfolio
Table 50: Hager Group Product Portfolio
Table 51: Panduit Product Portfolio
Table 52: Hua Wei Industrial Co., Ltd. Product Portfolio
Table 53: Omega Engineering Product Portfolio
Figure 01: Executive Summary
Figure 02: Global Wiring Duct Market Revenue (US$ Mn) and Volume (Thousand Units) Projection and Y-o-Y Growth, 2016–2026
Figure 03: Global Wiring Duct Price Trend Analysis, by Product, 2018 – 2027
Figure 04: Porter’s Five Force Analysis
Figure 05: Value Chain Analysis
Figure 06: Manufacturing Cost Structure of Wiring Ducts
Figure 07: Global Wiring Duct Market Outlook
Figure 08: Global Wiring Duct Market Value Share Analysis, by Product Type, 2019 and 2027
Figure 09: Global Wiring Duct Market Comparison Matrix, by Product Type
Figure 10: Wiring Duct Market Attractiveness Analysis, by Product Type
Figure 11: Global Wiring Duct Market Value Share Analysis, by Application, 2019 and 2027
Figure 12: Global Wiring Duct Market Comparison Matrix, by Application
Figure 13: Global Wiring Duct Market Attractiveness Analysis, by Application
Figure 14: Global Wiring Duct Market, by Region: Snapshot (2019E)
Figure 15: Global Wiring Duct Market Attractiveness Analysis, by Region
Figure 16: North America Wiring Duct Market Value Share Analysis, by Product Type, 2019 and 2027
Figure 17: North America Wiring Duct Market Value Share Analysis, by Application, 2019 and 2027
Figure 18: North America Wiring Duct Market Value Share Analysis, by Country/Sub-region, 2019 and 2027
Figure 19: North America Wiring Duct Market Attractiveness Analysis, by Product Type
Figure 20: North America Wiring Duct Market Attractiveness Analysis, by Application
Figure 21: North America Wiring Duct Market Attractiveness Analysis, by Country/Sub-region
Figure 22: Europe Wiring Duct Market Value Share Analysis, by Product Type, 2019 and 2027
Figure 23: Europe Wiring Duct Market Value Share Analysis, by Application, 2019 and 2027
Figure 24: Europe Wiring Duct Market Value Share Analysis, by Country/Sub-region, 2019 and 2027
Figure 25: Europe Wiring Duct Market Attractiveness Analysis, by Product Type
Figure 26: Europe Wiring Duct Market Attractiveness Analysis, by Application
Figure 27: Europe Wiring Duct Market Attractiveness Analysis, by Country/Sub-region
Figure 28: Asia Pacific Wiring Duct Market Value Share Analysis, by Product Type, 2019 and 2027
Figure 29: Asia Pacific Wiring Duct Market Value Share Analysis, by Application, 2019 and 2027
Figure 30: Asia Pacific Wiring Duct Market Value Share Analysis, by Country/Sub-region, 2019 and 2027
Figure 31: Asia Pacific Wiring Duct Market Attractiveness Analysis, by Product Type
Figure 32: Asia Pacific Wiring Duct Market Attractiveness Analysis, by Application
Figure 33: Asia Pacific Wiring Duct Market Attractiveness Analysis, by Country/Sub-region
Figure 34: Middle East & Africa Wiring Duct Market Value Share Analysis, by Product Type, 2019 and 2027
Figure 35: Middle East & Africa Wiring Duct Market Value Share Analysis, by Application, 2019 and 2027
Figure 36: Middle East & Africa Wiring Duct Market Value Share Analysis, by Country/Sub-region, 2019 and 2027
Figure 37: Middle East & Africa Wiring Duct Market Attractiveness Analysis, by Product Type
Figure 38: Middle East & Africa Wiring Duct Market Attractiveness Analysis, by Application
Figure 39: Middle East & Africa Wiring Duct Market Attractiveness Analysis, by Country/Sub-region
Figure 40: South America Wiring Duct Market Value Share Analysis, by Product Type, 2019 and 2027
Figure 41: South America Wiring Duct Market Value Share Analysis, by Application, 2019 and 2027
Figure 42: South America Wiring Duct Market Value Share Analysis, by Country/Sub-region, 2019 and 2027
Figure 43: South America Wiring Duct Market Attractiveness Analysis, by Product Type
Figure 44: South America Wiring Duct Market Attractiveness Analysis, by Application
Figure 45: South America Wiring Duct Market Attractiveness Analysis, by Country/Sub-region
Figure 46: Global Wiring Duct Market Share Analysis, by Company (2018)
Figure 47: ABB Ltd. Financial Information
Figure 48: Omega Engineering Financial Information
Figure 49: Phoenix Contact Financial Information
Figure 50: Hammond Manufacturing Financial Information
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Wiring Duct Market
*86 figures and 60 tables includes