The global cable conduit market was valued at $4.4 billion in 2022 and is projected to reach $9.3 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.
A cable conduit is a protective tube or piping system used to encase and safeguard electrical cables, wires, or communication lines. These conduits are typically made of materials such as PVC, metal, or fiberglass, offering properties such as durability and resistance to environmental factors such as moisture, UV radiation, and fire-retardant capabilities. They serve to prevent damage, tampering, and interference with the enclosed cables while also facilitating organized cable management and ease of maintenance. Cable conduits find extensive applications in construction, industrial settings, and infrastructure projects, ensuring the safe and efficient transmission of electrical or data signals.
A cable conduit is an electrical piping system used for the protection and routing of electrical wiring. In mechanical and electrical engineering, it is used to shield cables, wires, and data links from heat, cold, tensile stress, pressure stress, and other external influences. Numerous brands/manufacturers offer diverse conduit varieties for applications with varying technical requirements.
These cable conduit systems are one of the most dependable and widely used electrical systems on the market and are primarily employed for safety purposes. Cable conduit is one of the most secure and aesthetically pleasing electrical transmission systems. These conduit systems are in high demand because they safeguard the enclosed conductors against impact, moisture, and chemical vapors. In addition, it is durable and can be utilized for many years. Furthermore, the cable conduit protects the insulation from accidental injury. When installed with the correct sealing fittings, a conduit will prevent the passage of flammable gases and vapors, thereby protecting areas that handle volatile substances from fire and explosion hazards. Therefore, due to these characteristics, cable conduit is a preferred system for electricity.
The prices of the raw materials and energy used in the production of cable conduits are volatile and are anticipated to remain so during the forecast period. The prices of these materials have a direct impact on the units of the value chain, including the costs of procurement and operation. Price fluctuations have an effect on the profit margin of manufacturers. Plastic (HDPE, PP, PVC, and others), stainless steel, and aluminum, among others, are the primary basic materials used in the production of cable conduits. Volatility in the prices of energy and crude oil, which are used for manufacturing and transporting these materials, is the primary cause of fluctuations in the prices of these raw materials. These fluctuations lead to volatility in the prices of finalized products.
The volatility of energy and crude oil prices may lead to a rise in the price of raw materials, thereby increasing the price of raw materials used in cable conduit. As a result, the prices of these materials have an immediate effect on the price of cable conduit. In addition, as the price of raw materials rises, vendors raise the prices of their products or reduce their profit margins, which is expected to have a negative impact on market growth.
Cable conduits are widely used in power transmission, the energy sector presents the cable conduit market with substantial potential opportunities. Population growth, economic development, and urbanization have contributed to a significant increase in energy demand in recent years. For several years, the increase in global energy production has been unable to keep up with the increase in electricity demand. In 2018, the global electricity demand increased by 4% annually, which is roughly double the rate of growth of the global energy generation capacity.
According to the International Energy Agency, the global demand for electricity has increased by 4.5%, or more than 1,000 TWh, by 2021. Nearly 80% of the projected increase in demand in 2021 will come from emerging markets and developing nations, with the People's Republic of China (China) alone accounting for 50% of the global increase. The U.S. Energy Information Administration predicts that by 2040, the global energy demand will increase to 736 quadrillion Btu (British Thermal Unit). During this period, non-OECD nations, particularly India and China, would account for more than half of global energy consumption. Demand is expected to be met by the addition of new generation capacity, which would necessitate new transmission and distribution infrastructure, thereby creating opportunities for the cable conduit market.
The cable conduit market is segmented on the basis of type, product type, end-user, and region. By type, the market is divided into rigid cable conduit and flexible cable conduit. On the basis of the product type, it is categorized into metal conduit, nylon conduit, and polyamide conduit. On the basis of the end-user, it is categorized into commercial construction, IT & and telecommunication, railways, energy, manufacturing, healthcare, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global cable conduit market are Eaton Corporation plc, Hubbell.Inc., Schneider Electric, Anamet Electrical, Inc., Legrand, Shanghai Qinkai Industry Co., Ltd., Atkore, Guangdong Ctube Industry Co., Ltd., Electri-Flex Company, Zekelman Industries, Flucon Components Pvt. Ltd., Supa Flex, Trinity Touch, AerosUSA Inc.
Other players include Allied Tube & Conduit, Intertek Group plc, Prime Conduit, Inc., Robroy Industries, Inc., ABB Ltd., Calpipe Industries, Inc.
A cable conduit is a protective tube or piping system used to encase and safeguard electrical cables, wires, or communication lines. These conduits are typically made of materials such as PVC, metal, or fiberglass, offering properties such as durability and resistance to environmental factors such as moisture, UV radiation, and fire-retardant capabilities. They serve to prevent damage, tampering, and interference with the enclosed cables while also facilitating organized cable management and ease of maintenance. Cable conduits find extensive applications in construction, industrial settings, and infrastructure projects, ensuring the safe and efficient transmission of electrical or data signals.
A cable conduit is an electrical piping system used for the protection and routing of electrical wiring. In mechanical and electrical engineering, it is used to shield cables, wires, and data links from heat, cold, tensile stress, pressure stress, and other external influences. Numerous brands/manufacturers offer diverse conduit varieties for applications with varying technical requirements.
These cable conduit systems are one of the most dependable and widely used electrical systems on the market and are primarily employed for safety purposes. Cable conduit is one of the most secure and aesthetically pleasing electrical transmission systems. These conduit systems are in high demand because they safeguard the enclosed conductors against impact, moisture, and chemical vapors. In addition, it is durable and can be utilized for many years. Furthermore, the cable conduit protects the insulation from accidental injury. When installed with the correct sealing fittings, a conduit will prevent the passage of flammable gases and vapors, thereby protecting areas that handle volatile substances from fire and explosion hazards. Therefore, due to these characteristics, cable conduit is a preferred system for electricity.
The prices of the raw materials and energy used in the production of cable conduits are volatile and are anticipated to remain so during the forecast period. The prices of these materials have a direct impact on the units of the value chain, including the costs of procurement and operation. Price fluctuations have an effect on the profit margin of manufacturers. Plastic (HDPE, PP, PVC, and others), stainless steel, and aluminum, among others, are the primary basic materials used in the production of cable conduits. Volatility in the prices of energy and crude oil, which are used for manufacturing and transporting these materials, is the primary cause of fluctuations in the prices of these raw materials. These fluctuations lead to volatility in the prices of finalized products.
The volatility of energy and crude oil prices may lead to a rise in the price of raw materials, thereby increasing the price of raw materials used in cable conduit. As a result, the prices of these materials have an immediate effect on the price of cable conduit. In addition, as the price of raw materials rises, vendors raise the prices of their products or reduce their profit margins, which is expected to have a negative impact on market growth.
Cable conduits are widely used in power transmission, the energy sector presents the cable conduit market with substantial potential opportunities. Population growth, economic development, and urbanization have contributed to a significant increase in energy demand in recent years. For several years, the increase in global energy production has been unable to keep up with the increase in electricity demand. In 2018, the global electricity demand increased by 4% annually, which is roughly double the rate of growth of the global energy generation capacity.
According to the International Energy Agency, the global demand for electricity has increased by 4.5%, or more than 1,000 TWh, by 2021. Nearly 80% of the projected increase in demand in 2021 will come from emerging markets and developing nations, with the People's Republic of China (China) alone accounting for 50% of the global increase. The U.S. Energy Information Administration predicts that by 2040, the global energy demand will increase to 736 quadrillion Btu (British Thermal Unit). During this period, non-OECD nations, particularly India and China, would account for more than half of global energy consumption. Demand is expected to be met by the addition of new generation capacity, which would necessitate new transmission and distribution infrastructure, thereby creating opportunities for the cable conduit market.
The cable conduit market is segmented on the basis of type, product type, end-user, and region. By type, the market is divided into rigid cable conduit and flexible cable conduit. On the basis of the product type, it is categorized into metal conduit, nylon conduit, and polyamide conduit. On the basis of the end-user, it is categorized into commercial construction, IT & and telecommunication, railways, energy, manufacturing, healthcare, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global cable conduit market are Eaton Corporation plc, Hubbell.Inc., Schneider Electric, Anamet Electrical, Inc., Legrand, Shanghai Qinkai Industry Co., Ltd., Atkore, Guangdong Ctube Industry Co., Ltd., Electri-Flex Company, Zekelman Industries, Flucon Components Pvt. Ltd., Supa Flex, Trinity Touch, AerosUSA Inc.
Other players include Allied Tube & Conduit, Intertek Group plc, Prime Conduit, Inc., Robroy Industries, Inc., ABB Ltd., Calpipe Industries, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cable conduit market analysis from 2022 to 2032 to identify the prevailing cable conduit market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cable conduit market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cable conduit market trends, key players, market segments, application areas, and market growth strategies.
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- Analysis of raw material in a product (by %)
- Manufacturing Capacity
- End user preferences and pain points
- Industry life cycle assessment, by region
- Product Benchmarking / Product specification and applications
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
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Key Market Segments
By Type
- Rigid Cable Conduit
- Flexible Cable Conduit
By Product Type
- Metal Conduit
- Nylon Conduit
- Polyamide Conduit
By End User
- Commercial Construction
- IT and Telecommunication
- Railways
- Energy
- Manufacturing
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Eaton Corporation plc
- Schneider Electric
- Anamet Electrical, Inc.
- Legrand
- Atkore
- Electri-Flex Company
- Zekelman Industries
- Flucon Components Pvt. Ltd.
- Supa Flex
- Shanghai Qinkai Industry Co., Ltd.
- Guangdong Ctube Industry Co., Ltd.
- Hubbell Inc.
- Trinity Touch
- AerosUSA Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CABLE CONDUIT MARKET, BY TYPE
CHAPTER 5: CABLE CONDUIT MARKET, BY PRODUCT TYPE
CHAPTER 6: CABLE CONDUIT MARKET, BY END USER
CHAPTER 7: CABLE CONDUIT MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the cable conduit market was valued at $4.4 billion in 2022, and is estimated to reach $9.3 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032.A cable conduit, often simply referred to as a conduit, is an essential component of electrical and data communication systems, primarily designed to protect and route cables or wires in a secure and organized manner. It serves as a physical enclosure that houses and shields electrical, data, or communication cables from external elements such as moisture, dust, mechanical damage, and electromagnetic interference, while also facilitating their safe and systematic installation.
The escalating demand for secure and reliable wiring systems, coupled with a significant growth in commercial construction projects, is poised to be a potent driver for the cable conduit industry. As businesses and industries increasingly prioritize safety and data security, cable conduits play a pivotal role in safeguarding electrical and data cabling systems from external threats and environmental factors. This emphasis on protection against hazards such as fire, moisture, and physical damage has spurred the adoption of cable conduits in various applications.
Simultaneously, the surge in commercial construction activities, including office complexes, retail spaces, and hospitality establishments, demands extensive electrical and communication infrastructure. Cable conduits are integral to these projects as they ensure organized and secure cable routing, meeting stringent building codes and regulations. This convergence of heightened security concerns and robust commercial construction activities positions the cable conduit market for substantial growth, reflecting the industry's critical role in enabling safe and reliable wiring systems in modern structures.
The escalating demand for secure and reliable wiring systems, coupled with a significant growth in commercial construction projects, is poised to be a potent driver for the cable conduit industry. As businesses and industries increasingly prioritize safety and data security, cable conduits play a pivotal role in safeguarding electrical and data cabling systems from external threats and environmental factors. This emphasis on protection against hazards such as fire, moisture, and physical damage has spurred the adoption of cable conduits in various applications.
Simultaneously, the surge in commercial construction activities, including office complexes, retail spaces, and hospitality establishments, demands extensive electrical and communication infrastructure. Cable conduits are integral to these projects as they ensure organized and secure cable routing, meeting stringent building codes and regulations. This convergence of heightened security concerns and robust commercial construction activities positions the cable conduit market for substantial growth, reflecting the industry's critical role in enabling safe and reliable wiring systems in modern structures.
Cable conduits are widely used in power transmission, the energy sector presents the cable conduit market with substantial potential opportunities. Population growth, economic development, and urbanization have contributed to a significant increase in energy demand in recent years. For several years, the increase in global energy production has been unable to keep up with the increase in electricity demand. In 2018, the global electricity demand increased by 4% annually, which is roughly double the rate of growth of the global energy generation capacity.
According to the International Energy Agency, the global demand for electricity has increased by 4.5%, or more than 1,000 TWh, by 2021. Nearly 80% of the projected increase in demand in 2021 will come from emerging markets and developing nations, with the People's Republic of China (China) alone accounting for 50% of the global increase. The U.S. Energy Information Administration predicts that by 2040, the global energy demand will increase to 736 quadrillion Btu (British Thermal Unit). During this period, non-OECD nations, particularly India and China, would account for more than half of global energy consumption. Demand is expected to be met by the addition of new generation capacity, which would necessitate new transmission and distribution infrastructure, thereby creating opportunities for the cable conduit market.
The cable conduit market is segmented on the basis of type, product type, end-user, and region. By type, the market is divided into rigid cable conduit and flexible cable conduit. On the basis of the product type, it is categorized into metal conduit, nylon conduit, and polyamide conduit. On the basis of the end-user, it is categorized into commercial construction, IT & and telecommunication, railways, energy, manufacturing, healthcare, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global cable conduit market are Eaton Corporation plc, Hubbell.Inc., Schneider Electric, Anamet Electrical, Inc., Legrand, Shanghai Qinkai Industry Co.,Ltd., Atkore, Guangdong Ctube Industry Co., Ltd., Electri-Flex Company, Zekelman Industries, Flucon Components Pvt. Ltd., Supa Flex, Trinity Touch, AerosUSA Inc. Other players include Allied Tube & Conduit, Intertek Group plc, Prime Conduit, Inc., Robroy Industries, Inc., ABB Ltd., Calpipe Industries, Inc.
Key findings of the study
On the basis of type, the flexible cable conduit segment is expected to grow at a CAGR of 8.6%, in terms of revenue, during the forecast period.On the basis of product type, the nylon conduit segment is expected to grow at a CAGR of 8.7%, in terms of revenue, during the forecast period.
Depending on end-user, the commercial construction segment is expected to grow at a CAGR of 8.8%, in terms of revenue, during the forecast period.
Region-wise, Asia-Pacific garnered the highest share in 2022 in terms of revenue.
Companies Mentioned
- Eaton Corporation plc
- Schneider Electric
- Anamet Electrical, Inc.
- Legrand
- Atkore
- Electri-Flex Company
- Zekelman Industries
- Flucon Components Pvt. Ltd.
- Supa Flex
- Shanghai Qinkai Industry Co., Ltd.
- Guangdong Ctube Industry Co., Ltd.
- Hubbell Inc.
- Trinity Touch
- AerosUSA Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 287 |
| Published | September 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 4.4 billion |
| Forecasted Market Value ( USD | $ 9.3 billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
