Global Cable Conduit Systems Market:
The global cable conduit systems market size reached US$ 7.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. An increase in the number of housing projects as a result of rapid development and rising incomes is stimulating the market.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 7.4 Billion |
Market Forecast in 2032
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US$ 11.9 Billion |
Market Growth Rate 2024-2032 |
5.3% |
Cable Conduit Systems Market Analysis:
- Major Market Drivers: The elevating adoption of a convenient mode of transportation due to the rising population of working professionals and shifting lifestyle choices is propelling the market.
- Key Market Trends: The growing usage of smart protection systems for improving vehicle mobility and safety is one of the factors contributing to the cable conduit systems market growth.
- Competitive Landscape: Some of the major market companies include ABB Ltd., Atkore International Inc., Cantex Inc. (Mitsubishi Corporation), Champion Fiberglass Inc., Dura-Line Corporation (Orbia), Eaton Corporation PLC, Electri-Flex Company, Hubbell Incorporated, igus GmbH, Legrand, and Schneider Electric SE, among many others.
- Geographical Trends: North America is currently dominating the market due to its emphasis on replacing aging infrastructure, along with stringent compliance rules, notably in commercial and residential construction projects.
- Challenges and Opportunities: The high installation cost is hampering the market. However, adopting cost-effective manufacturing procedures while spreading awareness of the long-term benefits of durability, safety, and lower maintenance costs will continue to catalyze the market over the forecast period.
Cable Conduit Systems Market Trends:
Technological Advancements in Materials
The development of new supplies such as flexible, lightweight, and corrosion-resistant conduits is increasing the usage of cable conduit systems in extreme conditions, enhancing efficiency, installation ease, and durability. In April 2024, ABB Installation Products introduced the PMA EcoGuard PA6, one of the industry’s first sustainable cable protection systems made from recycled fishing nets, helping to safeguard electrical cables, wires, and marine life.
Rising Demand in the Manufacturing Sector
As manufacturing facilities automate and modernize, they require durable conduit systems to protect wires from machinery and environmental damage, ensuring continuous equipment functioning and avoiding costly downtime. In August 2024, Malé Water and Sewerage Company (MWSC) produced and launched conduit pipes designed to protect electrical wires from damage. This largely contributes to the cable conduit systems market share.
Growth in Renewable Energy Projects
The advent of renewable energy sources, such as solar and wind, is creating a demand for dependable and long-lasting conduit systems to safeguard wire in hostile conditions, boosting market growth in sectors focusing on sustainable energy. In July 2024, Tekmar Group completed its role in the Dogger Bank A offshore wind farm by supplying essential cable protection systems (CPS) for the project’s inter-array cables.
Global Cable Conduit Systems Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type and end user.
Breakup by Type:
- Rigid Cable Conduit Systems
- Flexible Cable Conduit Systems
Currently, rigid cable conduit systems hold the largest cable conduit systems market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes rigid cable conduit systems (metallic and non-metallic) and flexible cable conduit systems (metallic and non-metallic). According to the report, rigid cable conduit systems represented the largest market segmentation.
Rigid cable conduit systems provide increased safety for electrical wire, particularly in industrial and commercial situations. These systems are well-known for their durability and impact resistance, making them ideal for areas that require high safety standards and mechanical damage protection.
Breakup by End User:
- Manufacturing
- Commercial Construction
- IT and Telecommunication
- Healthcare
- Energy
- Others
Among these, manufacturing holds the largest cable conduit systems market size
The report has provided a detailed breakup and analysis of the market based on the end user. This includes manufacturing, commercial construction, IT and telecommunication, healthcare, energy, and others. According to the report, manufacturing represented the largest market segmentation.
The manufacturing industry is a major user of cable conduit systems as they protect electrical wires in industrial environments. These devices ensure safe and efficient operations, protecting cables in high-activity and machinery-intensive workplaces.
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
North America leads in the cable conduit systems market growth
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest cable conduit systems market share.
North America exhibits a clear dominance in the market driven by consumer preference for higher electrical safety regulations, infrastructure modernization, and rising industrial sectors such as energy, telecommunications, and transportation. Furthermore, the expansion of smart cities and the advent of renewable energy projects drive up demand for efficient and long-lasting conduit systems.
Competitive Landscape:
The report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:
- ABB Ltd.
- Atkore International Inc.
- Cantex Inc. (Mitsubishi Corporation)
- Champion Fiberglass Inc.
- Dura-Line Corporation (Orbia)
- Eaton Corporation PLC
- Electri-Flex Company
- Hubbell Incorporated
- igus GmbH
- Legrand
- Schneider Electric SE
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Cable Conduit Systems Market Recent Developments:
- August 2024: Malé Water and Sewerage Company (MWSC) produced and launched conduit pipes designed to protect electrical wires from damage.
- July 2024: Tekmar Group completed its role in the Dogger Bank A offshore wind farm by supplying essential cable protection systems (CPS) for the project’s inter-array cables.
- April 2024: ABB Installation Products introduced the PMA EcoGuard PA6, one of the industry’s first sustainable cable protection systems made from recycled fishing nets, helping to safeguard electrical cables, wires, and marine life.
Cable Conduit Systems Market Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Types Covered |
- Rigid Cable Conduit Systems: Metallic, Non-metallic
- Flexible Cable Conduit Systems: Metallic, Non-metallic
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End Users Covered |
Manufacturing, Commercial Construction, IT and Telecommunication, Healthcare, Energy, Others |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
ABB Ltd., Atkore International Inc., Cantex Inc. (Mitsubishi Corporation), Champion Fiberglass Inc., Dura-Line Corporation (Orbia), Eaton Corporation PLC, Electri-Flex Company, Hubbell Incorporated, igus GmbH, Legrand, Schneider Electric SE, etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the cable conduit systems market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global cable conduit systems market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the cable conduit systems industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.