Report Ocean has just released an all-encompassing market research report delving deep into the Cable Duct Market industry. This report furnishes readers with invaluable insights into both present and future industry trends, equipping them with the means to discern the factors driving revenue growth and profitability. It meticulously scrutinizes the critical factors that impact both the global and regional markets, encompassing drivers, limitations, risks, challenges, opportunities, and trends specific to the industry. Additionally, the report underscores global certainties, undertakes comprehensive analysis of key players from upstream to downstream, and presents market forecasts, SWOT & PESTEL analysis, market scenarios, and feasibility studies.
Cable Duct Market is valued at approximately USD $$billion in 2022 and is anticipated to grow with a CAGR of more than 4.55% over the forecast period 2023-2030. A cable duct, also known as a cable conduit, is a protective enclosure or channel used for organizing and protecting electrical cables and wires. It is typically made of metal, plastic, or a combination of both materials. Cable ducts provide a secure pathway for cables, preventing them from being exposed to external elements and potential damage. They are commonly used in buildings, factories, data centers, and other locations where multiple cables need to be routed and protected. Moreover, growing industrial output and rising use of electronic devices are anticipated to be the growth drivers of this market.
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According to the United Nations Industrial Development Organization (UNIDO) in 2023, the global manufacturing sector experienced a steady growth rate of 3 to 4 percent in 2022. This growth in manufacturing is significant for various industries, including the cable duct market. As manufacturing output expands, there is an increased demand for infrastructure and wiring solutions, such as cable ducts, to support the growing production processes. The stable growth in global manufacturing provides a positive outlook for the cable duct market, indicating potential opportunities for manufacturers and suppliers in the industry. According to India Brand Equity Foundation (IBEF) in 2022, the Indian electronics manufacturing industry is experiencing significant growth, with projections indicating a market size of USD 520 billion by 2025. The demand for electronic products is expected to rise to USD 400 billion by 2025, showing a substantial increase from USD 33 billion in FY20. The electronics system market is anticipated to witness 2.3 times increase in demand by FY25, reaching USD 160 billion. Among the top products in the Electronic System Design and Manufacturing (ESDM) sector, IT/OA holds the highest CAGR at 54%, followed by industrial electronics at 38% and automotive electronics at 10%. These insights highlight the strong growth potential and emerging opportunities in the Indian electronics manufacturing industry. Moreover, increasing adaptation of renewable energy and rapidly growing urbanization anticipated as the opportunities in the market space. However, high installation & maintenance cost and limited flexibility & scalability may hamper the growth of the market during the forecasted year 2023-2030.
The key regions considered for the Global Cable Duct Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific region dominated the market. The growth witnessed in the Asia-Pacific region can be attributed to the extensive infrastructure development initiatives taking place, particularly in China and India. These countries are undergoing significant transformations as rural areas are being urbanized, contributing to over 50% of the anticipated growth in the construction industry by the end of 2020. North America is the fastest-growing region in the cable duct market due to its robust infrastructure development, expanding industrial sector, technological advancements, stringent regulations, and the presence of key industry players. The region’s increasing investments in infrastructure, including new constructions and upgrades, drive the demand for efficient cable management systems such as cable ducts. The adoption of smart technologies and the need for organized cable networks further contribute to the market’s growth.
Major market players included in this report are:
Atkore International Group Inc.
Legrand SA
Schneider Electric SE
ABB Ltd.
Aliaxis Group S.A.
Mitsubishi International Corporation
Eaton Corporation PLC
Robroy Industries, Inc.
Anamet Electrical Inc.
Barton Engineers Ltd.
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Recent Developments in the Market:
In January 2023, Prysmian Group introduced an enhanced variant of its Sirocco HD micro duct cables, now available in an 864-fiber version. This advanced cable design manages to accommodate 864 fibers within an 11.0 mm diameter, resulting in an impressive fiber density of 9.1 fibers per square millimeter. Notably, the fiber cable can be conveniently installed into a 13-mm duct, as confirmed by the company.
In August 2020, Prince Pipes and Fittings Limited (PPFL), a leading manufacturer of integrated piping solutions and multi-polymer products in India, introduced Cable fit, a product specifically designed to cater to the increasing demand for cable ducting and wiring requirements in infrastructure projects.
Global Cable Duct 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: Product, Material, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 Product:
Flexible Cable Duct
Rigid Cable Duct
By Material:
Concrete Cable Duct
Plastic Cable Duct
Metal Cable Duct
By End User:
IT and Telecommunications
Energy and Utility
Industrial Manufacturing
Other
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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
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
Compelling Reasons to Invest:
Market Segmentation and Value Insights:
- The report offers a comprehensive market segmentation, providing market value data for each segment and sub-segment examined. This deepens your understanding of market dynamics and opportunities within specific market segments.
Focus on Rapid Growth and Dominant Regions:
- This study pinpoints regions and market segments poised for swift growth and those holding a substantial market share. This strategic insight aids businesses in targeting high-growth areas for investment.
Geographical Market Analysis:
- Emphasizing product or service consumption across different geographic areas, the report identifies region-specific variables that influence the market. It offers valuable insights into regional market dynamics.
Competitive Landscape:
- The report includes market rankings of major players, highlighting recent partnerships, product/service launches, business expansions, and acquisitions by profiled companies. This data facilitates a comprehensive understanding of the competitive landscape and industry trends.
Comprehensive Company Profiles:
- Detailed profiles are provided for top market players, encompassing business overviews, company insights, product benchmarking, and SWOT analysis. This aids in gaining a holistic perspective on key market players.
Market Outlook and Growth Prospects:
- The report presents the current market outlook and future growth prospects, considering recent changes and developments. It identifies growth opportunities, drivers, obstacles, and restrictions in both developing and emerging regions.
Market Analysis Using Porter’s Five Forces and Value Chain:
- The market report offers a multifaceted market analysis, utilizing Porter’s five forces to assess industry competitiveness and providing insights into the market using the Value Chain approach.
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