cableIn recent years, with the rapid growth of the construction industry, pipeline systems have also ushered in a new round of development opportunities. According to a research report released by TMR, the compound annual growth rate of cable conduit systems is as high as 11% from 2015 to 2022.
Fluctuations in raw material prices constrain the market
The report states that by 2022, the significant growth of the construction industry in BRICS countries and the successive launch of large-scale infrastructure projects in the Middle East and Africa will significantly boost the cable conduit system market. Compared to other cable laying technologies, the advantages of cable conduit cable laying will further promote demand growth. However, fluctuations in raw material prices and high installation and renovation costs of cable conduit systems will suppress the development of the entire market. However, the gradual release of new materials into the market also brings greater development opportunities for cable conduit systems.
Flexible cable conduit systems are favored
According to product types, cable conduit systems are mainly divided into rigid and flexible cable conduit systems. In 2014, rigid cable conduit systems dominated the entire market, accounting for 76.1% of *. The rigid cable conduit system is the most traditional wiring system, providing high-capacity installation, high protection, and can be applied to different materials.
However, practical issues such as cost and difficulty in installation and renovation have also increased the demand for flexible cable conduit systems in the market, especially in the harsh installation space of wiring systems, where the role of flexible cable conduits is even more prominent. The report suggests that by 2022, the compound annual growth rate of flexible cable conduit systems will reach 14.1%.
The demand growth rate in the Asia Pacific, Middle East, and Africa regions is accelerating
From the perspective of terminal applications, cable conduit systems are mainly divided into industrial manufacturing, energy and power, IT and telecommunications, transportation, residential construction, medical, commercial construction and other industry applications. Among them, IT, telecommunications, industrial manufacturing, and oil and gas all require high-quality cable conduit systems, which have become the largest application markets.
From a regional perspective, the cable conduit system market is mainly divided into five major regions: North America, Asia Pacific, Europe, South America, the Middle East, and Africa. In 2014, North America was the largest regional market, followed by Europe. However, by 2022, the Asia Pacific, Middle East, and African markets will become the fastest-growing emerging markets as industrialization and urbanization accelerate.
Main suppliers
From the perspective of suppliers, the cable conduit system market is highly fragmented. Among them, Legrand Atkore、 Tongbei Company, Schneider Electric, Eaton Electric, and Aliaxis are considered cable conduit system providers. In recent years, these enterprises have focused on researching and developing innovative PVC technologies, expanding product categories, and attempting to expand their markets in emerging economies through acquisitions or collaborations.