Global Cable Conduit Systems Market Size study & Forecast, by Type (Rigid Cable Conduit Systems, Flexible Cable Conduit Systems), by End-User (Manufacturing, Commercial Construction, IT & Telecommunication, Healthcare, Energy, and Others) and Regional Ana

Global Cable Conduit Systems Market Size study & Forecast, by Type (Rigid Cable Conduit Systems, Flexible Cable Conduit Systems), by End-User (Manufacturing, Commercial Construction, IT & Telecommunication, Healthcare, Energy, and Others) and Regional Analysis, 2023-2030

Global Cable Conduit Systems Market is valued at approximately USD 7.12 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.80% during the forecast period 2023-2030. Cable conduit system is a connection of tubes designed to protect and guide electrical wires through buildings, enabling the transmission of power and low-voltage communication. The system is primarily tubular in structure and can be either rigid or flexible, with construction materials including metals such as stainless steel, galvanized steel, or aluminum, as well as non-metallic materials. The Cable Conduit Systems Market is expanding because of factors such as rising demand for safe wiring systems, growing construction activities in the commercial sector and increased global energy demand.

As industries and infrastructural developments burgeon worldwide, the imperative for secure and reliable wiring solutions becomes increasingly pronounced. The rising need for safe wiring systems is marked by several factors such as stringent safety standards, ensuring the seamless transmission of electricity and rising fatality rates due to improper wiring systems. According to the U.S. Bureau of Labor Statistics, there were 126 fatal electrical injuries in the United States in 2020. Moreover, according to the Ontario Electrical Safety Report (OESR) by ESA in 2022, Residential (28%), utility (12%), and commercial (12%) settings were the most common places for electrical-related fatalities between 2018 and 2022. Furthermore, the expansion of construction activities, urbanization trends, and the expansion of transportation networks in emerging economies further scale the demand for cable conduit systems. Moreover, as governments and regulatory bodies intensify their focus on enhancing safety standards and infrastructure resilience, the adoption of cable conduit systems is expected to witness an upward trajectory across diverse application segments, including power generation, telecommunications, oil and gas, and transportation. However, factors such as high cost of raw materials, high installation and alteration costs of cable conduit systems hinder market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cable Conduit Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. This can be attributed to factors such as the presence of developed commercial, residential, and industrial establishments, rising safety regulations, expansion of the aviation industry and growing technological advancements in the region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as rising investments in projects such as smart cities, transportation networks, energy grids, and telecommunications infrastructure and expansion of the manufacturing sector, particularly in countries such as China, India, South Korea, and Taiwan.

Major market player included in this report are:
Atkore International Group Inc.
S&C Electric Company
Schneider Electric SE
ABB Group
Eaton Corporation Plc.
Thomas & Betts
Hubbell, Inc.
Dura-Line Holdings Inc.
Champion Fiberglass Inc
Legrand

Recent Developments in the Market:
 In November 2022, Atkore finalized the acquisition of the assets of Elite Polymer Solutions, a manufacturer specializing in High-Density Polyethylene (HDPE) conduits. The purchase, valued at USD 91.6 million, bolstered Atkore's HDPE product offerings significantly. This strategic acquisition expanded the company's footprint on a national scale and facilitated the exploration of its products' applications across various industries including utility, telecommunication, and transportation.
 In May 2023, ABB unveiled the inauguration of a fresh distribution hub situated in Pennsylvania, United States. Valued at USD 4 million, the new facility was designed to serve the electrical requirements of the northeastern region of the country. Additionally, the distribution center was poised to address the escalating demand for dependable electrical products, boasting an inventory worth USD 15 million. This new infrastructure significantly augmented ABB's footprint across the Northeast region and facilitated the expansion of its customer base by ensuring prompt responses to end users.

Global Cable Conduit Systems Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, End-User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Rigid Cable Conduit Systems
Flexible Cable Conduit Systems

By End-User:
Manufacturing
Commercial Construction
IT & Telecommunication
Healthcare
Energy
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Atkore International Group Inc.
S&C Electric Company
Schneider Electric SE
ABB Group
Eaton Corporation Plc.
Thomas & Betts
Hubbell, Inc.
Dura-Line Holdings Inc.
Champion Fiberglass Inc
Legrand

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