Global Cable Transit Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cable Transit Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cable Transit Systems provide a barrier to maintaining a firewall's integrity where cables or pipes pass through. The transit system acts as a seal resistant to water, gas, smoke, vermin, radiation, chemicals, explosion, electromagnetic interference, and noise.

Market Overview:

The latest research study on the global Cable Transit Systems market finds that the global Cable Transit Systems market reached a value of USD 275.11 million in 2022. It’s expected that the market will achieve USD 485.79 million by 2028, exhibiting a CAGR of 9.94% during the forecast period.

Industry Trends

Application of Cable Transit Systems in the Field of Shielding Electromagnetic Interference
Electromagnetic compatibility refers to the ability of a device or system to operate in compliance with the requirements in its electromagnetic environment without causing unbearable electromagnetic disturbance to any equipment in its environment. Electromagnetic interference refers to any electromagnetic phenomenon that may degrade the performance of instruments, equipment, or systems, and adversely affect living or inert substances. In electronic equipment and systems, various cables are indispensable links for signal transmission, and at the same time, cables are the main factor causing various electromagnetic problems. The reason why the cable causes electromagnetic interference is mainly that there is an interference current on the cable. Cable Transit Systems can improve electromagnetic compatibility between different electrical and electronic equipment through electromagnetic shielding. Cable Transit Systems play the role of electromagnetic shielding and meet the requirements of mechanical transit seals. Currently, shielding against electromagnetic interference is becoming more and more important in fields such as the military, data centers, and communications. The application of Cable Transit Systems in the field of electromagnetic interference shielding is one of the industry's development trends.

Market Challenges

Raw material price supply and price fluctuations
The raw materials required for the company's products are mainly plastic, stainless steel, rubber, and other materials. The risk of major raw material supply and price fluctuations will have a significant adverse impact on the company's continued profitability. The industry characteristics of Cable Transit Systems manufacturers make them rely on major suppliers for raw material procurement. If there are adverse changes in the cooperation relationship between the company and these major suppliers, or adverse changes in the operating and financial conditions of the major suppliers, it may cause the company to be unable to purchase normal quantities in a timely and sufficient manner. At the same time, fluctuations in the prices of raw materials will also have an impact on the company's production costs. Plastic, stainless steel, and rubber are all commodities, and the prices of products are easily affected by macroeconomic fluctuations. If the price of raw materials rises, it will cause the production cost of Cable Transit Systems to rise and reduce the profit margin of the product. The company's production and operation plan will be adjusted. All in all, the price fluctuation of raw materials is one of the risks faced by industry companies.

Region Overview:

In 2022, the share of the Cable Transit Systems market in North America stood at 36.67%.

Company Overview:

Roxtec is a company specializing in the development and manufacture of cable and pipe seals. Roxtec's products are designed to seal cable and pipe penetrations against several hazards including fire, water, gas, dust, vibration, electromagnetic interference, parasites, and explosion hazards. Applications include power, marine, oil and gas, telecommunications, infrastructure, industrial equipment, and process industries.

Founded in 1941, Hilti has grown from a small family-owned start-up to the trusted global business it is today. The company supplies products, system solutions, software and services that provide a clear added value. Company products include Cordless Tools, Power Tools, Firestop Fire Protection, Dust Management Cleaning, and more. In the field of Firestop Fire Protection, the company provides Firestop Cable Transit Systems, Firestop Sleeves Pathways, Firestop Cast-in Devices Accessories and other products.

Roxtec is one of the major players operating in the Cable Transit Systems market, holding a share of 67.68% in 2023.

Segmentation Overview:

LV
This type refers to providing Cable Transit Systems system solutions for low-voltage cables.
MV
This type refers to providing Cable Transit Systems system solutions for medium-voltage cables.
HV
This type refers to providing Cable Transit Systems system solutions for high voltage cables.

By type, MV segment accounted for the largest share of market in 2022.

Application Overview:

Onshore
This application mainly refers to the application of products in land application scenarios such as power plants, oil refineries, manufacturing plants, communication facilities, and trams.
Offshore

This application refers to the application of products in offshore oil drilling platforms, ships, offshore wind farms, and other fields.

The market's largest segment by application is the segment Onshore, with a market share of 52.49% in 2022.

Key Companies in the global Cable Transit Systems market covered in Chapter 3:

HDG Telecom Equipment Co
Icotek
MCT Brattberg
Filoform
HTM (Zavod HERMES Ltd)
DELSEAL
Roxtec
Hawke Transit System
Hilti

In Chapter 4 and Chapter 14.2, on the basis of types, the Cable Transit Systems market from 2018 to 2029 is primarily split into:

LV
MV
HV

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cable Transit Systems market from 2018 to 2029 covers:

Onshore
Offshore

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)