According to the latest market research study by Technavio, the global cable conduit systems market is expected to grow at a CAGR of close to 11% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global cable conduit systems market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
Source: Technavio
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The top three revenue contributing end-user segments are discussed below
Global cable conduit systems market for commercial construction sector: The global cable conduit systems market creates the largest revenue share of the commercial construction sector. The construction industry in emerging markets, such as India and China is anticipated to grow at ten times higher rate than the global counterparts.
“The constant growth of the commercial sector, especially the rapid development in APAC, is driving the demand for cable conduit systems. The Indian construction market is projected to grow almost twice as fast as China during the forecast period, driven by urbanization and infrastructural investments,” says Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools.
Global conduit systems market for manufacturing sector: The strong regulations in industrial manufacturing in North America, as directed by North American National Electrical Code (NEC), mandates the use of safe wiring systems. Such steps fuel the demand for cable conduit systems in the manufacturing sector due to their increased safety and protection.
Global conduit systems market for IT and telecommunication sector: IT and Telecom is the fastest growing end-user, owing to high investments in network infrastructure. The growing need for data centers in IT and high-speed connectivity in telecommunications is fueling the growth of the cable conduit systems market in the IT and telecommunication sector.
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The top vendors operating in the global cable conduit systems market are:
- Aliaxis
- Atkore International
- Calpipe Industries
- HellermannTyton Group (A part of Delphi Automotive)
- Thomas & Betts (A part of ABB)
The other prominent vendors in the market include Legrand, Schneider Electric, Hubbell, Eaton, Dura-Line, igus, Robroy Industries, Electri-Flex, and Prime Conduit.
A more detailed analysis is available in the Technavio report titled, ‘Global Cable Conduit Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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