Cable Conduit Systems Market : Emergence of Advanced Technologies and Global Industry Analysis

As stated in a research report released by Transparency Market Research, the competitive landscape in the global cable conduit systems market features both organized and unorganized regional presences, splitting the market into smaller fragments.

The global cable conduit systems market is led by Thomas & Betts Corporation, Atkore International, Inc., and Eaton Corporation Plc. The level of competition in the market is still very high and the high quality product development for industrial manufacturing, food and beverages, oil and gas, and other heavy industries remains the surest path to growth in player revenue.

Apart from product innovation, the leading players in the global cable conduit systems market are strengthening their sales through mergers and acquisitions. Aggressive expansion is currently held as a reliable strategy by larger companies seeking a stronger and regionally diverse portfolio.

According to TMR, the global cable conduit systems market was valued at US$3.2 bn in 2014. The market is expanding at a CAGR of 11%, from 2015 to 2022, and is expected to reach US$7.4 bn by the end of 2022.

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Among the diverse array of end users, the global cable conduit systems market is expected to witness a significant growth in demand from metal and mining, food and beverages, and oil and gas industries.

Their total demand on the market is likely to propel a large number of players forward over the coming years. In 2014, industrial manufacturing was the leading end user for the global cable conduit systems market, and is likely to hold a strong share in the market over the report’s forecast period.

Regionally speaking, North America dominated the global cable conduit systems market in 2014 with a share of 35.6% in its value. It is likely for the region to maintain a strong presence in the market over the coming years.

Industrial manufacturing segment is expected to remain the market leader over the coming years in this market. Healthcare is another end user showing a very high increase in demand for cable conduit systems, especially for high-performance systems. TMR analysts posit the demand for cable conduits systems to increase swiftly across the construction industry segments as well, especially in residential construction.

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Owing to the growth reported by the oil and gas, metal and mining, and food and beverages sectors, the industrial manufacturing segment is expected to remain the market leader through the course of the forecast period.

As per TMR, industrial manufacturing and healthcare are among the end-use sectors exhibiting high deployment of high-performance cable conduit systems. Furthermore, TMR expects the demand for cable conduits systems to rapidly increase in the residential construction, commercial construction, and transportation sectors.

Atkore International, Inc., Legrand S.A., Thomas & Betts Corporation, and Schneider Electric SE, are among the leading companies operating in the global cable conduit systems market.

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