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Global Cable Conduit Systems Market: Rapid Growth in Construction Sector to Help Market Log 11.0% CAGR

Cable conduit systems find wide applications in the construction sector for installing wiring system. Rapid growth in the construction sector worldwide has propelled the demand for cable conduit systems. The global cable conduit systems market is estimated to expand at a CAGR of 11.0% during the period between 2015 and 2022. The overall market was worth US$3.2 bn in 2014

 

Volatile Raw Material Prices to Restrain Global Cable Conduit Systems Market

 

Significant growth in the construction industry in the BRICS nations, along with major infrastructure development projects in the Middle East and Africa has boosted the growth of the global cable conduit systems market. Superior advantages of cable conduit wiring over other wiring technologies have further increased the demand from the cable conduit systems market across the globe. However, volatility in raw material prices and high installation and alteration costs of cable conduit systems will restrain the overall market in the near future. The global cable conduit systems market has a huge opportunity to grow with the development of advanced materials for conduit systems manufacturing.

 

Download PDF for Cable Conduit Systems Market : http://tinyurl.com/z3jp3hx

 

Flexible Cable Conduit Systems to Dominate Global Cable Conduit Systems Market

 

According to product types, the global cable conduit systems market has been segmented into rigid and flexible cable conduit systems. In 2014, rigid cable conduit systems dominated the overall market and accounted for 76.1% market share. Rigid cable conduit systems are the most traditional wiring system installations, offering high capacity for protection and are available in varied material types.

 

However, challenging alteration of the rigid systems, coupled with costly and difficult installation, has increased the demand for flexible cable conduit systems. Availability of liquid-tight flexible conduits, especially for applications demanding critical installation space, and frequent alterations in the wiring system have further augmented the demand for flexible cable conduit systems. These systems are expected to gain majority market share in the coming years, expanding at a CAGR of 14.1% during the period between 2015 and 2022.

 

Asia Pacific and Middle East & Africa Looks Promising for Global Cable Conduit Systems Market

 

On the basis of end-user industries, the global cable conduit systems market has been categorized into industrial manufacturing, energy and utility, IT and telecom, transportation, residential construction, healthcare, commercial construction, and other industries. IT and telecom, and industrial manufacturing segments such as food and beverages, and oil and gas require high quality conduit systems and have emerged as the most profitable end-user industries in the global cable conduit systems market.

 

The global cable conduit systems market has been segmented into five major regions: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2014, North America dominated the global cable conduit systems market, followed by Europe. However, Asia Pacific and the Middle East and Africa are the emerging lucrative markets for cable conduit systems owing to rapid industrialization and urbanization in these regions.

 

Key Players in Global Cable Conduit Systems Market

 

The global cable conduit systems market is highly fragmented at regional levels. Some of the key players in the global cable conduit systems market are Legrand S.A., Atkore International Inc., Thomas & Betts Corporation, Schneider Electric SE, Cantex Inc., Aliaxis SA/ NV, and Eaton Corporation Plc. The key players are focussing on research and development to introduce innovative technologies and expand product offerings within the PVC industry. The key players are also trying to expand their presence in emerging economies through acquisitions and partnerships.

 

Browse Research Report: http://www.transparencymarketresearch.com/cable-conduits-market.html

 

 

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