Cable Conduit Systems Market Report 2024

This Cable Conduit Systems market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The cable conduit systems market size has grown strongly in recent years. It will grow from $6.87 billion in 2023 to $7.44 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion observed during the historical period can be linked to swift urbanization, increasing income levels, a higher number of data centers, greater investments in infrastructure development, and an enhanced focus on workplace safety.

The cable conduit systems market size is expected to see strong growth in the next few years. It will grow to $10.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth during the forecast period can be attributed to an emphasis on energy-efficient cabling, the rise of electric vehicles, advancements in industrial automation, heightened fire safety concerns, and the expansion of commercial real estate. Key trends expected in the forecast period include the development of advanced materials, smart conduit systems, designs that facilitate installation, the integration of smart home technologies, and the embrace of digital technologies.

The rising number of housing projects is projected to drive the growth of the cable conduit systems market in the future. Housing projects encompass the construction of new residential buildings, including both houses and apartments. This surge in housing initiatives is linked to population growth, urbanization, and an increasing demand for residential spaces. Cable conduit systems are essential in these projects as they protect electrical wiring from damage, ensure compliance with safety regulations, and facilitate easier maintenance and upgrades, while also enhancing overall aesthetics. For example, the Australian Bureau of Statistics reported in July 2023 that there were 240,813 dwellings under construction in the March quarter of 2023, up from 240,065 in March 2022. Furthermore, new houses comprised 103,778 of these constructions in 2023, compared to 101,240 in 2022. As a result, the growth in housing projects is fueling the demand for cable conduit systems.

Key companies in the cable conduit systems market are focusing on developing innovative products, such as electrical conduit solutions, to improve safety, durability, and ease of installation. These solutions enhance cable conduit systems by offering better protection, organization, and routing of electrical wiring, ensuring safety and compliance with industry standards while minimizing the risk of damage and hazards. For instance, in July 2023, Franklin Electric, a US-based manufacturing firm, launched the CableTight System, a new watertight electrical conduit solution designed for challenging underground environments. This system consists of continuous runs of high-density polyethylene (HDPE) conduit equipped with press-fit connectors, allowing for quick and precise installation while maintaining a watertight seal. Made from flexible HDPE, the CableTight System is resistant to cracking or kinking during cold-weather installations and is designed to withstand impacts, ensuring reliability on busy job sites.

In June 2022, Atkore Inc., a US-based electronics manufacturing company, acquired United Poly Systems for an undisclosed sum. This acquisition aims to enhance Atkore's product offerings and manufacturing capabilities in the high-density polyethylene (HDPE) pressure pipe and conduit sector. It aligns with the company's strategic goal of expanding its market leadership and seizing infrastructure growth opportunities. United Poly Systems specializes in producing HDPE pressure pipes and conduits.

Major companies operating in the cable conduit systems market are Panasonic Corporation, ABB Ltd, Southwire Company LLC, Legrand S.A., Aliaxis Group SA/NV, Atkore International Group Inc., Schneider Electric SE, nVent Electric plc., Franklin Electric Co. Inc., Lapp Tannehill Inc., Supreme Industries Limited, IPEX USA LLC., Cantex Inc., NSI Industries LLC, Electri-Flex Company, Kaiphone Technology Co. Ltd., Flexa GmbH & Co Produktion & Vertrieb KG, AKG Group, Niedax India Cable Management Systems Pvt. Ltd., BEC Conduits Pvt. Ltd, Zhejiang Flexible Technology Co. Ltd., Anamet Electrical Inc.

North America was the largest region in the cable conduit systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable conduit systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the cable conduit systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cable conduit systems are protective tubes or channels intended to route and shield electrical wiring and cables in different installations. These systems safeguard cables against physical harm, moisture, chemicals, and other environmental elements. Additionally, they offer a tidy and organized approach to managing electrical wiring, ensuring safety and adherence to building codes.

The primary types in the cable conduit systems market include rigid cable conduit systems and flexible cable conduit systems. Rigid cable conduit systems consist of sturdy, non-flexible tubing designed to protect and route electrical wiring across various installations. These systems can be made from a range of materials, both metallic and non-metallic, and cater to diverse end users such as manufacturing, commercial construction, information technology (IT), telecommunications, healthcare, energy, and more.

The cable conduit systems market research report is one of a series of new reports that provides cable conduit systems market statistics, including cable conduit systems industry global market size, regional shares, competitors with a cable conduit systems market share, detailed cable conduit systems market segments, market trends, and opportunities, and any further data you may need to thrive in the cable conduit systems industry. This cable conduit systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cable conduit systems market consists of sales of conduit fittings, liquid-tight conduits, and electrical metallic tubing. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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