The Global Cable Duct Systems Market is Expected to Reach

Portland, OR, May 31, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the cable duct systems market generated $6.13 billion in 2020 and is expected to reach $12.24 billion by 2030, growing at a CAGR of 7.8% from 2021 to 2030. The report provides an in-depth analysis of major investment pockets, of the best winning strategies, drivers and opportunities, market size and estimations, competitive scenario and hesitant market trends.

Significant increase in commercial construction activities across the world, extensive use of submersible electrical conduit, liquid tight conduit and conduit providing fire protection, rapid urbanization worldwide and increased demand for highly secure wiring systems and safe among people are expected to drive the growth of the global cable duct systems market. On the other hand, complex installation processes are expected to hamper growth to some extent. However, the persistent technological advancements in conduit products are expected to create remarkable opportunities for the growth of the industry.

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COVID-19 scenario

  • COVID-19 outbreak has negatively impacted the growth of the global cable duct systems market, owing to the occurrence of lockdowns in various countries across the globe. The lockdowns have resulted in the closure of most manufacturing units in the electronics and semiconductor industry, including those for cable duct systems. This was done by the government to curb the spread of the virus during the pandemic.
  • In addition, the massive slowdown in the supply chain and unavailability of raw materials due to government-imposed import and export restrictions further compounded the impact on the market.
  • However, the market should recover quickly.

The report offers a detailed segmentation of the global cable duct systems market based on type, end-user, and region.

On the basis of type, the rigid cable duct systems segment held the greater market share in 2020, bringing together nearly three quarters of the total market. The flexible cable duct system segment, on the other hand, is expected to quote the fastest CAGR of 10.6% during the forecast period.

On the basis of end-user, the IT and telecommunications segment held the majority share in 2020, holding more than one-fifth of the total market. The manufacturing segment, on the other hand, is expected to show the fastest CAGR of 10.5% during the forecast period.

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By region, the North American market took the lion’s share in 2020, attracting almost a third of the total market. The Asia-Pacific region, on the other hand, is expected to quote the fastest CAGR of 9.6% during the forecast period.

Key players analyzed in the Global Cable Duct Systems Market report are Atkore International Group Inc., S&C Electric, Champion Fiberglass Inc., Dura-Line Holdings Inc., Eaton Corporation Plc., Hubbell Incorporated, Legrand, Schneider Electric, ABB, and Igus Inc.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


        

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